![]() ![]() While measures addressing Covid19 will likely take priority across the US budget, consensus expects the new Biden administration to take a much more proactive approach towards enacting AV regulation (original AV Policy was scrapped by President Trump) in the medium-to-long term. One way to reduce this avoidable death toll is by prioritizing development and deployment of advanced driver-assistance systems (ADAS) across next generation vehicles. Road traffic continues to be the leading cause of death for children and young adults, with 95% of all accidents a direct result of human error. The AD story is being propelled by both the EV revolution and a likely reboot of Obama’s AV regulation As such, there is room for LAZR to re-rate consensus estimates should the company succeed in adding more contracts to its order pipeline. It is important to note, LAZR revenue figured from 2021-2025 only includes 90% of their total $1.3bn pre-order book placed by existing clients like Volvo, Daimler ( DMLRY), etc. (Source: Author Generated from Luminar Investor Presentation Data) ![]() LAZR revenue guidance by segment in millions ($) from 2021-2025. In the near-term, LAZR’s hardware-software revenue mix is rather balanced, yet software is expected to play a more significant role in the long term as indicated in Figure 2 below.įigure 2. LAZR’s autonomous solutions segment is primarily made up of two products, Hydra LIDAR sensors (commercial trucks) and long-range inconspicuous Iris LIDAR (passenger vehicle). LAZR’s product segmentation is divided between “Autonomous Solutions” and “Other components” with the former generating more than 75% of total revenue. In terms of revenue, North American sources represent more than 80% of the firm’s revenue yet this figure is misleading and will likely change as mass production with new global partners such as Volvo ( OTCPK:VLVLY) starts in 2022. Luminar Technologies timeline and overview. The deal injected LAZR with $500mm in fresh cash.įigure 1. The company recently went public in December 2020 completing a reverse merger with the Gores Metropoulos SPAC. LAZR’s proprietary LIDAR systems have become integral in the development of autonomous driving and driver-assistance for both passenger and commercial vehicles. Luminar Technologies (NASDAQ: NASDAQ: LAZR) is an automotive technology firm focused on parts and components for Autonomous Driving (AD), Autonomous Vehicles (AV) and Advanced Driver-Assistance System (ADAS) platforms. ![]()
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