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Luminar Technologies, Inc. (NASDAQ:LAZR) Q1 2024 Earnings Call Transcript

Luminar Technologies, Inc. (NASDAQ:LAZR) Q1 2024 Earnings Call Transcript May 7, 2024

Luminar Technologies, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).

Aileen Smith: Welcome everyone to Luminar's Business Update Call for the First Quarter of 2024. My name is Aileen Smith and I am Luminar's Head of Investor Relations. With me today are Austin Russell, Founder and Chief Executive Officer; and Tom Fenimore, Chief Financial Officer. As a quick reminder, this call is being recorded, and you can find the shareholder letter that accompanies this call at investors.luminartech.com. At 4 p.m. Eastern Time, we published our Q1 letter to shareholders, which hopefully many of you have reviewed. We're continuing with our format this quarter from prior quarters, which will primarily be an interactive Q&A session. I'm sure we have a lot of questions to get through. As a reminder, we will be addressing retail investor questions posted to the SAFE platform, institutional investor questions emailed to our investors' inbox, and live questions from our analyst community.

We'll be checking these platforms intermittently through the duration of the call, to address any that come in real time. Before we begin the Q&A session, I wanted to remind everyone that during the call, we may refer to GAAP and non-GAAP financial measures. Today's discussion also contains forward-looking statements based on the environment as we currently see it, and as such does include risks and uncertainties. Please refer to our shareholder letter for more information on the specific risk factors that could cause actual results to differ materially.

A factory worker using an ultra-sensitive pixel-based sensor while working on an automobile.
A factory worker using an ultra-sensitive pixel-based sensor while working on an automobile.

A - Aileen Smith: With that, we can get into some of the questions that have been on folks' minds since Luminar Day, and some of the developments over the past few weeks. So we'll jump right in with question number one, when will you start mass production of your LiDAR sensors and what future plans do you have for growth?

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Austin Russell: All right. Hi, guys. Thanks. Hopefully you hear us okay.

Aileen Smith: All good.

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To continue reading the Q&A session, please click here.