Luminar Technologies, Inc. (LAZR) Is a Stock Pick For the Autonomous Vehicle Market
If you are considering a stock pick for the autonomous vehicle market, consider Luminar Technologies. This company produces automotive parts and software and has an excellent balance sheet. It has also formed a manufacturing partnership with Celestica. While a few of these statements may seem conservative, these statements are based on current expectations and are not guarantees of future results.
Luminar Technologies is an autonomous vehicle sensor and software company
Luminar Technologies develops vision-based lidar and machine perception technologies for autonomous vehicles. The company’s headquarters are located in Orlando, Florida, with its main research and development facilities in Palo Alto, California. The company has a wide range of partnerships with automotive companies, including Tesla Motors and Volvo Cars.
The company has received funding from venture capital firms, including GVA Capital and Peter Thiel’s 1517 Fund. Luminar claims its LiDAR sensors provide higher detail than other systems and can work in bad weather. However, it has not yet disclosed its price per sensor. Other companies offering LiDAR technology include Alphabet-owned Waymo and Quanergy.
It manufactures auto parts
Luminar Technologies Inc. (LAZR) is a maker of automotive parts, which went public in November 2018. The company raised $590 million through a merger with a special purpose acquisition company, Gores Metropoulos. The merger helped the company begin production of new sensor technologies.
Luminar Technologies manufactures auto parts, including the lidar sensors used in self-driving vehicles. The company has also signed a production deal with Volvo Cars. Its Mexico facility is automotive-qualified and has already begun production of its first-generation Iris LIDAR.
It has a strong balance sheet
Luminar Technologies has a strong balance sheet, and its revenue continues to grow rapidly. The company is on track to reach $60 million in revenue per year from its forward-looking order book, and it has exceeded its Q3 revenue guidance. Luminar currently has $544 million in cash on hand, and its net loss is less than $5 million per quarter. However, investors should be cautious when looking at the company’s revenue projections.
Although sales are expected to grow at a 60% YoY pace in the coming years, Luminar may not achieve its revenue targets. The company had previously projected revenue of $418 million per quarter in 2025 and $837 million per quarter in 2024. Luminar is trading at a price to sales multiple of 276, which is very high.
There are two ways to measure the intrinsic value of a stock. First, look at its current market value. While this is a good indicator for an undervalued stock, investors should consider the future outlook of Luminar Technologies. Its future growth prospects make it more compelling than a cheap price. Its projected profit growth of 76% is particularly encouraging, since it should increase its cash flow, which should translate to a higher share valuation.
It has a manufacturing partnership with Celestica
Luminar Technologies has announced that it has entered into a manufacturing partnership with Celestica Inc. The two companies will provide automotive and precision optical and electronic manufacturing solutions. The partnership will complement Luminar’s own manufacturing facility in Orlando, Florida. Luminar has previously signed production agreements with Volvo Cars and Daimler Truck AG. In addition, the company has received minority investments from Daimler Truck AG and Volvo Cars.
Celestica has a manufacturing facility in Mexico. The two companies are working to bring Iris to the market in series production. The partnership will result in the production of 250,000 Iris units annually.
It has a 120deg Field of View
Luminar technologies uses advanced LiDAR sensors to provide a 120deg Field of View and a range of up to 200 meters. This provides superior resolution and allows the camera to see objects far away. The company’s CEO, Jason Eichenholz, is a serial entrepreneur and pioneer of optics and laser product development. He has led the development of hundreds of millions of dollars worth of new photonics products.
It uses a single 1550nm fiber laser for long-range pulse energy of 905nm
Luminar Technologies uses a single 1550nm fiber for its long-range lidar, which generates long-range pulses of 905nm wavelength. The system uses a single 1550nm fiber to generate the pulses, which are filtered by two axis scanner mirrors.
The 1550nm laser has several advantages over the 905nm laser, including strong atmospheric penetration, low solar background, and better beam collimation and brightness. It also offers long-range pulse energy while occupying a quarter of the 905nm laser spot size.
