2023 Q4 Form 10-K Financial Statement

#000162828024007616 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023
Revenue $22.11M $69.78M
YoY Change 98.76% 71.46%
Cost Of Revenue $43.69M $142.5M
YoY Change 57.56% 41.08%
Gross Profit -$21.57M -$72.69M
YoY Change 29.95% 20.58%
Gross Profit Margin -97.54% -104.17%
Selling, General & Admin $48.79M $212.9M
YoY Change -17.52% 8.17%
% of Gross Profit
Research & Development $62.75M $262.2M
YoY Change -3.36% 41.52%
% of Gross Profit
Depreciation & Amortization $7.156M $26.62M
YoY Change 226.46% 305.48%
% of Gross Profit
Operating Expenses $111.5M $490.6M
YoY Change -10.11% 28.39%
Operating Profit -$133.1M -$563.3M
YoY Change -5.38% 27.33%
Interest Expense $3.008M $11.05M
YoY Change -605.55% -0.42%
% of Operating Profit
Other Income/Expense, Net $8.836M -$6.265M
YoY Change 242.88% 118.67%
Pretax Income -$147.0M -$569.6M
YoY Change 1.59% 27.92%
Income Tax $1.391M $1.696M
% Of Pretax Income
Net Earnings -$148.4M -$571.3M
YoY Change 2.47% 28.1%
Net Earnings / Revenue -671.07% -818.68%
Basic Earnings Per Share -$1.47
Diluted Earnings Per Share -$0.36 -$1.47
COMMON SHARES
Basic Shares Outstanding 389.4M shares
Diluted Shares Outstanding 389.4M shares

Balance Sheet

Concept 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $289.8M $321.0M
YoY Change -40.72% -34.34%
Cash & Equivalents $139.1M $74.72M
Short-Term Investments $150.7M $246.2M
Other Short-Term Assets $32.85M $32.85M
YoY Change 90.95% 90.95%
Inventory $12.20M $16.70M
Prepaid Expenses
Receivables $14.12M $18.90M
Other Receivables $3.346M $0.00
Total Short-Term Assets $350.6M $389.4M
YoY Change -36.78% -29.78%
LONG-TERM ASSETS
Property, Plant & Equipment $66.30M $92.31M
YoY Change 119.1% 79.22%
Goodwill $7.390M
YoY Change -60.72%
Intangibles $22.99M
YoY Change 4.15%
Long-Term Investments $14.00M $14.00M
YoY Change 250.0% 250.0%
Other Assets $22.36M $24.21M
YoY Change -44.59% -33.38%
Total Long-Term Assets $161.7M $163.5M
YoY Change 21.85% 23.14%
TOTAL ASSETS
Total Short-Term Assets $350.6M $389.4M
Total Long-Term Assets $161.7M $163.5M
Total Assets $512.4M $552.9M
YoY Change -25.46% -19.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.11M $20.73M
YoY Change 13.35% 11.31%
Accrued Expenses $52.61M $64.96M
YoY Change -0.67% 43.24%
Deferred Revenue $3.127M
YoY Change 56.9%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $83.87M $85.70M
YoY Change 8.16% 10.52%
LONG-TERM LIABILITIES
Long-Term Debt $614.6M $614.6M
YoY Change 0.4% 0.4%
Other Long-Term Liabilities $1.667M $18.23M
YoY Change -58.38% -24.05%
Total Long-Term Liabilities $1.667M $632.8M
YoY Change -58.38% -0.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $83.87M $85.70M
Total Long-Term Liabilities $1.667M $632.8M
Total Liabilities $737.1M $718.5M
YoY Change 3.28% 0.67%
SHAREHOLDERS EQUITY
Retained Earnings -$1.840B
YoY Change 45.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$224.7M -$165.7M
YoY Change
Total Liabilities & Shareholders Equity $512.4M $552.9M
YoY Change -25.46% -19.56%

Cashflow Statement

Concept 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$148.4M -$571.3M
YoY Change 2.47% 28.1%
Depreciation, Depletion And Amortization $7.156M $26.62M
YoY Change 226.46% 305.48%
Cash From Operating Activities -$52.78M -$247.3M
YoY Change -29.32% 18.76%
INVESTING ACTIVITIES
Capital Expenditures $786.0K $21.92M
YoY Change -81.88% 40.35%
Acquisitions
YoY Change
Other Investing Activities $97.91M $258.5M
YoY Change 7.12% 492.98%
Cash From Investing Activities $97.12M $236.6M
YoY Change 11.55% 745.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 18.09M $80.20M
YoY Change 1184.03% -201.07%
NET CHANGE
Cash From Operating Activities -52.78M -$247.3M
Cash From Investing Activities 97.12M $236.6M
Cash From Financing Activities 18.09M $80.20M
Net Change In Cash 62.44M $69.52M
YoY Change 352.37% -126.78%
FREE CASH FLOW
Cash From Operating Activities -$52.78M -$247.3M
Capital Expenditures $786.0K $21.92M
Free Cash Flow -$53.56M -$269.2M
YoY Change -32.21% 20.27%

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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Interest Paid Net
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CY2022 lazr Conversion Of Warrants Amount Issued
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CY2021 lazr Conversion Of Warrants Amount Issued
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CY2023 us-gaap Payments To Acquire Investments
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CY2021 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
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CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 lazr Amounts Payable For Shares Repurchased
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CY2022 lazr Amounts Payable For Shares Repurchased
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CY2021 lazr Amounts Payable For Shares Repurchased
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CY2023 us-gaap Stock Issued1
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CY2022 us-gaap Stock Issued1
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CY2021 us-gaap Stock Issued1
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CY2023 us-gaap Nature Of Operations
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Organization and Description of Business<div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Luminar Technologies, Inc. (together with its wholly-owned subsidiaries, the “Company” or “Luminar”) is incorporated in Delaware. Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. Over the past decade, Luminar has been building from the chip-level up, its light detection and ranging sensor, or LiDAR, which is expected to meet the demanding performance, safety, reliability and cost requirements to enable next-generation safety and autonomous capabilities for passenger and commercial vehicles as well as other adjacent markets. The Company’s Class A common stock is listed on the NASDAQ under the symbol “LAZR.”</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is headquartered in Orlando, Florida and has personnel that conducts the Company’s operations from various locations in the United States and internationally including Germany, Sweden, Mexico, China, India and Israel.</span></div>
CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, equity, revenues and expenses, and related disclosures. The significant estimates made by management include inventory reserves, useful life of long-lived assets, valuation allowance for deferred tax assets, valuation of warrants issued in a private placement (“Private Warrants”), valuation of assets acquired in mergers and acquisitions including intangible assets, forecasted costs associated with non-recurring engineering (“NRE”) services and stock-based compensation expense. Management periodically evaluates such estimates and they are adjusted prospectively based upon such periodic evaluation. Actual results could differ from those estimates.</span></div>
CY2023 us-gaap Number Of Operating Segments
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2 operating_segment
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, debt securities and accounts receivable. The Company’s d</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">eposits exceed federally insured limits</span>.The Company’s revenue is derived from customers located in the United States and international markets.
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RevenueFromContractWithCustomerExcludingAssessedTax
40698000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31944000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
69779000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
40698000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31944000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
14132000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
15395000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
2471000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
2575000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16603000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
17970000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
17970000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9907000 usd
CY2023 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
10965000 usd
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
4228000 usd
CY2023Q4 lazr Contract With Customer Asset Revenue Recognized But Unbilled
ContractWithCustomerAssetRevenueRecognizedButUnbilled
9598000 usd
CY2022Q4 lazr Contract With Customer Asset Revenue Recognized But Unbilled
ContractWithCustomerAssetRevenueRecognizedButUnbilled
12291000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16603000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
17970000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3127000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1993000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
805000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1015000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3932000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3008000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3008000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
898000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2125000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
489000 usd
CY2023 lazr Contract With Customer Liability Increase Due To Cash Received Billings In Excess Of Revenue
ContractWithCustomerLiabilityIncreaseDueToCashReceivedBillingsInExcessOfRevenue
3049000 usd
CY2022 lazr Contract With Customer Liability Increase Due To Cash Received Billings In Excess Of Revenue
ContractWithCustomerLiabilityIncreaseDueToCashReceivedBillingsInExcessOfRevenue
2599000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3932000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3008000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
10100000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.92
CY2023Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
29000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
27000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
144566000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
393897000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
4229000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
389671000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
27000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
31362000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
4229000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
360079000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
123597000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Current And Noncurrent
EquitySecuritiesFvNiCurrentAndNoncurrent
75699000 usd
CY2023Q4 us-gaap Cash
Cash
35659000 usd
CY2022Q4 us-gaap Cash
Cash
27496000 usd
CY2023Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
101842000 usd
CY2022Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
42056000 usd
CY2023Q4 us-gaap Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
497000 usd
CY2022Q4 us-gaap Commercial Paper At Carrying Value
CommercialPaperAtCarryingValue
0 usd
CY2023Q4 lazr Corporate Bonds
CorporateBonds
1097000 usd
CY2022Q4 lazr Corporate Bonds
CorporateBonds
0 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139095000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69552000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5614000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3614000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2521000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2329000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4061000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
2849000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
12196000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
8792000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
19500000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
12200000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
2900000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12434000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
15653000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
14132000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
15395000 usd
CY2023Q4 us-gaap Supplies
Supplies
3038000 usd
CY2022Q4 us-gaap Supplies
Supplies
7919000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3346000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
5236000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
32950000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
44203000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
94735000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
40412000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28435000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10152000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66300000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
30260000 usd
CY2023 us-gaap Depreciation
Depreciation
22300000 usd
CY2022 us-gaap Depreciation
Depreciation
4300000 usd
CY2021 us-gaap Depreciation
Depreciation
3900000 usd
CY2023 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
9200000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22077000 usd
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2424000 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
8240000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
21890000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4323000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2237000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3000000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22994000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22077000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4154000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3584000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3127000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1993000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
18816000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
12489000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
7390000 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2410000 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
5495000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
14000000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
4000000 usd
CY2023Q4 lazr Advances Payment For Capital Projects
AdvancesPaymentForCapitalProjects
0 usd
CY2022Q4 lazr Advances Payment For Capital Projects
AdvancesPaymentForCapitalProjects
27683000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
2471000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
2575000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
3475000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
591000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22356000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40344000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
20658000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
16682000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14723000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
22358000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
8790000 usd
CY2022Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
7526000 usd
CY2023Q4 lazr Accrued Interest Payable And Other Liabilities
AccruedInterestPayableAndOtherLiabilities
1153000 usd
CY2022Q4 lazr Accrued Interest Payable And Other Liabilities
AccruedInterestPayableAndOtherLiabilities
819000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52605000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52962000 usd
CY2023 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
16400000 usd
CY2022 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
19200000 usd
CY2021 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 usd
CY2021Q4 lazr Stock Option Capped Calls Initial Strike Price
StockOptionCappedCallsInitialStrikePrice
19.98
CY2021Q4 lazr Stock Option Capped Calls Initial Cap Price
StockOptionCappedCallsInitialCapPrice
30.16
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-571269000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-445939000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-237986000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
389373659 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
356265774 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
346300975 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389373659 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
356265774 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
346300975 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.47
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.47
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.25
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.69
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.69
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102091134 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
96482118 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
75270865 shares
CY2023Q4 lazr Number Of Classes Of Stock
NumberOfClassesOfStock
2 classofstock
CY2023 lazr Vendor Payments In Stock In Lieu Of Cash Shares
VendorPaymentsInStockInLieuOfCashShares
15281701 shares
CY2023Q4 lazr Vendor Payments In Stock In Lieu Of Cash Liability
VendorPaymentsInStockInLieuOfCashLiability
12000000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8162850 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.74
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1829636 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.67
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
133761 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.74
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6199453 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.76
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10309000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
5797293 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.75
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y11M23D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
9649000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
6199453 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
1.76
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
10309000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2100000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2900000 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
7100000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7900000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
400000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
207132000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
162405000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77684000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
207132000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
162405000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77684000 usd
CY2023 us-gaap Short Term Lease Payments
ShortTermLeasePayments
0 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
8441000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
6533000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
4654000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
1887000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
2230000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
1703000 usd
CY2023 us-gaap Lease Cost
LeaseCost
10328000 usd
CY2022 us-gaap Lease Cost
LeaseCost
8763000 usd
CY2021 us-gaap Lease Cost
LeaseCost
6357000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
7508000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
6070000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
4609000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28447000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16749000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2876000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42706000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21244000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10154000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
5953000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35079000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16989000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45233000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22942000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M9D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M4D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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