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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Luminar

🌎 luminartech.com

Luminar is a global automotive technology company that focuses on enhancing vehicle safety and autonomy through advanced hardware and software solutions. With over a decade of experience, Luminar partners with more than 50 industry leaders, including major automotive OEMs like Volvo Cars and Mercedes-Benz, to develop next-generation safety and autonomous capabilities for production vehicles.

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Luminar - Latest News and Updates

• The Goldman Sachs Group lowered Luminar's price target from $0.75 to $0.50 and set a 'sell' rating on November 14, 2024.
• Luminar's stock surged 10.8% after announcing new contracts with Volvo and a major Japanese automaker, despite reporting lower-than-expected third-quarter sales.
• On November 11, 2024, Luminar held its Q3 2024 earnings call with CEO Austin Russell and CFO Tom Fennimore, featuring participation from major financial institutions like Deutsche Bank and Bank of America.
• Luminar's Halo LiDAR won an award at the 2024 Silicon Valley UX Design Awards.
• Luminar's Q3 results show mixed performance with product revenue growth but a decline in services revenue, alongside strong auto industry partnerships and concerns over debt and share dilution.

• Florian Berchtold has left Luminar as a Senior Software Engineering Manager to join Zipline as a Principal Software Engineer in the United States.
• Luminar is currently hiring for the position of Staff Systems Requirements Engineer in India.
• Luminar Semiconductor Inc. is hiring a Production Test Technician in Boston, MA.

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