In early 2023, Luminar was riding high. After going public during the pandemic and scoring a key deal with Volvo, the company had added Mercedes-Benz and Polestar as customers of its “lifesaving” ...
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Luminar Stock Hits All-Time Low As Volvo Axes 5-Year Lidar Deal Amid Defaults, Layoffs And Bankruptcy Warning
・Volvo ended its Iris lidar supply agreement and deferred decisions on Luminar’s next-generation Halo sensor. ・Luminar has defaulted on multiple loans, cut 25% of its workforce, and disclosed ongoing ...
Q2 consensus sees revenue of $17.27M and EPS of –$1.18, reflecting narrower losses but only ~5% top-line growth. CEO transition looms large after founder Austin Russell resigned abruptly last quarter.
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