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Luminar Technologies | 10-Q: Q1 2024 Earnings Report

Luminar Technologies | 10-Q: Q1 2024 Earnings Report

Luminar Technologies | 10-Q:2024财年一季报
美股sec公告 ·  05/10 07:14
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Luminar Technologies, a company specializing in automotive lidar hardware and software technology, has announced its 2024 Restructuring Plan. The plan, which commenced in May 2024, is aimed at reducing operating costs and driving operating leverage as the company scales its operations. The restructuring includes a partnership with TPK and a reduction in the company's global footprint through the sub-leasing of certain facilities. The plan is expected to be substantially complete by the end of 2024. Financially, Luminar Technologies anticipates incurring cash charges of approximately $6 million to $8 million due to employee severance and related costs, primarily within the second and third quarters of 2024. Additionally, the company expects to face $2 million to $5 million in losses associated with the sub-leasing of its facilities throughout the remainder of the year. It is important to note that these estimates are based on current assumptions and actual results may vary materially.
Luminar Technologies, a company specializing in automotive lidar hardware and software technology, has announced its 2024 Restructuring Plan. The plan, which commenced in May 2024, is aimed at reducing operating costs and driving operating leverage as the company scales its operations. The restructuring includes a partnership with TPK and a reduction in the company's global footprint through the sub-leasing of certain facilities. The plan is expected to be substantially complete by the end of 2024. Financially, Luminar Technologies anticipates incurring cash charges of approximately $6 million to $8 million due to employee severance and related costs, primarily within the second and third quarters of 2024. Additionally, the company expects to face $2 million to $5 million in losses associated with the sub-leasing of its facilities throughout the remainder of the year. It is important to note that these estimates are based on current assumptions and actual results may vary materially.
专注于汽车激光雷达硬件和软件技术的Luminar Technologies宣布了其2024年的重组计划。该计划于2024年5月开始,旨在降低运营成本并驱动运营杠杆,随着公司业务规模的扩大。重组计划包括与TPk的合作以及通过子租某些设施来减少公司在全球的足迹。计划预计在2024年底之前将基本完成。在财务方面,Luminar Technologies预计由于员工解雇和相关费用将承担约600万至800万美元的现金费用,主要集中在2024年第二季度和第三季度。此外,该公司预计将面临200万至500万美元与其设施的分租相关的损失,直到本年度结束。需注意这些估计是基于当前假设的,实际结果可能会有很大不同。
专注于汽车激光雷达硬件和软件技术的Luminar Technologies宣布了其2024年的重组计划。该计划于2024年5月开始,旨在降低运营成本并驱动运营杠杆,随着公司业务规模的扩大。重组计划包括与TPk的合作以及通过子租某些设施来减少公司在全球的足迹。计划预计在2024年底之前将基本完成。在财务方面,Luminar Technologies预计由于员工解雇和相关费用将承担约600万至800万美元的现金费用,主要集中在2024年第二季度和第三季度。此外,该公司预计将面临200万至500万美元与其设施的分租相关的损失,直到本年度结束。需注意这些估计是基于当前假设的,实际结果可能会有很大不同。
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