Luminar Technologies (LAZR) reported Q4 EPS of ($0.26), $0.05 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $11.1 million versus the consensus estimate of $12.52 million.
2023 Financial Outlook:
Revenue Growth: The company expects revenue growth of at least 100% in 2023
Gross Margin: The company expects to reach positive gross margin by the fourth quarter
Cash, Cash Equivalents and Marketable Securities (including liquidity): The company expects to end the year with a balance of greater than $300 million