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Luminar Technologies | 10-Q: Q2 2024 Earnings Report

Luminar Technologies | 10-Q: Q2 2024 Earnings Report

Luminar Technologies | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/08 22:24

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Luminar Technologies reported Q2 2024 revenue of $16.5 million, a 2% increase year-over-year, with Autonomy Solutions segment contributing $10 million. The company announced start of production for Volvo Cars in April 2024 and began shipping production LiDAR sensors for the Volvo EX90. Gross loss improved to $13.7 million from $18.3 million in Q2 2023.The company implemented a restructuring plan in May 2024, reducing workforce by approximately 20% and targeting $50-65 million in annual cost savings. Operating expenses decreased 9% to $114 million, while R&D expenses remained relatively flat at $65.9 million. Net loss improved to $130.6 million from $141.8 million in the prior year quarter.In August 2024, Luminar announced a debt refinancing, issuing $100 million in new senior secured notes and exchanging $421.9 million of existing convertible notes for $274.2 million in new convertible notes due 2030. The company ended Q2 with $161.3 million in total liquidity, including $52.3 million in cash and $109 million in marketable securities.
Luminar Technologies reported Q2 2024 revenue of $16.5 million, a 2% increase year-over-year, with Autonomy Solutions segment contributing $10 million. The company announced start of production for Volvo Cars in April 2024 and began shipping production LiDAR sensors for the Volvo EX90. Gross loss improved to $13.7 million from $18.3 million in Q2 2023.The company implemented a restructuring plan in May 2024, reducing workforce by approximately 20% and targeting $50-65 million in annual cost savings. Operating expenses decreased 9% to $114 million, while R&D expenses remained relatively flat at $65.9 million. Net loss improved to $130.6 million from $141.8 million in the prior year quarter.In August 2024, Luminar announced a debt refinancing, issuing $100 million in new senior secured notes and exchanging $421.9 million of existing convertible notes for $274.2 million in new convertible notes due 2030. The company ended Q2 with $161.3 million in total liquidity, including $52.3 million in cash and $109 million in marketable securities.
Luminar Technologies报告2024年第二季度营业收入为1650万美元,同比增长2%,自主解决方案部门贡献了1000万美元。公司宣布将于2024年4月开始为沃尔沃汽车生产,并开始发运沃尔沃EX90的生产级激光雷达传感器。毛亏损从2023年第二季度的1830万美元改善至1370万美元。公司在2024年5月实施了一项重组计划,裁减了大约20%的员工,并目标实现5000万至6500万美元的年度成本节省。营业费用减少9%,降至11400万美元,而研发费用保持相对平稳,约为6590万美元。净亏损从上一年同季度的14180万美元改善至13060万美元。2024年8月,Luminar宣布进行债务再融资,发行了10000万美元的新高级担保票据,并将现有的42190万美元可转换票据交换为到2030年到期的27420万美元新可转换票据。公司在第二季度末的总流动性为16130万美元,其中现金为5230万美元,市场证券为10900万美元。
Luminar Technologies报告2024年第二季度营业收入为1650万美元,同比增长2%,自主解决方案部门贡献了1000万美元。公司宣布将于2024年4月开始为沃尔沃汽车生产,并开始发运沃尔沃EX90的生产级激光雷达传感器。毛亏损从2023年第二季度的1830万美元改善至1370万美元。公司在2024年5月实施了一项重组计划,裁减了大约20%的员工,并目标实现5000万至6500万美元的年度成本节省。营业费用减少9%,降至11400万美元,而研发费用保持相对平稳,约为6590万美元。净亏损从上一年同季度的14180万美元改善至13060万美元。2024年8月,Luminar宣布进行债务再融资,发行了10000万美元的新高级担保票据,并将现有的42190万美元可转换票据交换为到2030年到期的27420万美元新可转换票据。公司在第二季度末的总流动性为16130万美元,其中现金为5230万美元,市场证券为10900万美元。
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