2024 Q3 Form 10-Q Financial Statement

#000162828024048172 Filed on November 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $15.49M
YoY Change -8.64%
Cost Of Revenue $29.53M
YoY Change -15.93%
Gross Profit -$14.03M
YoY Change -22.73%
Gross Profit Margin -90.57%
Selling, General & Admin $41.30M
YoY Change -13.65%
% of Gross Profit
Research & Development $50.59M
YoY Change -19.62%
% of Gross Profit
Depreciation & Amortization $5.710M
YoY Change -52.15%
% of Gross Profit
Operating Expenses $101.8M
YoY Change -8.07%
Operating Profit -$115.9M
YoY Change -10.14%
Interest Expense -$3.993M
YoY Change -243.68%
% of Operating Profit
Other Income/Expense, Net $143.4M
YoY Change -2904.97%
Pretax Income $27.56M
YoY Change -120.56%
Income Tax $200.0K
% Of Pretax Income 0.73%
Net Earnings $27.40M
YoY Change -120.4%
Net Earnings / Revenue 176.87%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share -$0.24
COMMON SHARES
Basic Shares Outstanding 480.0M shares
Diluted Shares Outstanding 494.0M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.6M
YoY Change -38.12%
Cash & Equivalents $114.2M
Short-Term Investments $84.41M
Other Short-Term Assets $14.93M
YoY Change 19.41%
Inventory $17.64M
Prepaid Expenses
Receivables $15.25M
Other Receivables $6.481M
Total Short-Term Assets $263.9M
YoY Change -32.24%
LONG-TERM ASSETS
Property, Plant & Equipment $55.22M
YoY Change -23.99%
Goodwill $3.994M
YoY Change -79.91%
Intangibles $16.71M
YoY Change -38.24%
Long-Term Investments $10.00M
YoY Change -28.57%
Other Assets $22.57M
YoY Change -6.8%
Total Long-Term Assets $139.5M
YoY Change -14.64%
TOTAL ASSETS
Total Short-Term Assets $263.9M
Total Long-Term Assets $139.5M
Total Assets $403.4M
YoY Change -27.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.76M
YoY Change 38.73%
Accrued Expenses $47.95M
YoY Change -18.01%
Deferred Revenue $2.366M
YoY Change -21.63%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $87.69M
YoY Change 2.33%
LONG-TERM LIABILITIES
Long-Term Debt $539.4M
YoY Change -12.23%
Other Long-Term Liabilities $1.292M
YoY Change 27.04%
Total Long-Term Liabilities $1.292M
YoY Change 27.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $87.69M
Total Long-Term Liabilities $1.292M
Total Liabilities $661.4M
YoY Change -7.95%
SHAREHOLDERS EQUITY
Retained Earnings -$2.069B
YoY Change 22.31%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$258.0M
YoY Change
Total Liabilities & Shareholders Equity $403.4M
YoY Change -27.03%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $27.40M
YoY Change -120.4%
Depreciation, Depletion And Amortization $5.710M
YoY Change -52.15%
Cash From Operating Activities -$55.76M
YoY Change -1.4%
INVESTING ACTIVITIES
Capital Expenditures $2.658M
YoY Change -38.19%
Acquisitions
YoY Change
Other Investing Activities $25.25M
YoY Change -7.96%
Cash From Investing Activities $22.59M
YoY Change -2.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 95.22M
YoY Change 373.74%
NET CHANGE
Cash From Operating Activities -55.76M
Cash From Investing Activities 22.59M
Cash From Financing Activities 95.22M
Net Change In Cash 62.05M
YoY Change -565.86%
FREE CASH FLOW
Cash From Operating Activities -$55.76M
Capital Expenditures $2.658M
Free Cash Flow -$58.41M
YoY Change -4.0%

Facts In Submission

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350000 usd
CY2024Q3 us-gaap Net Income Loss
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Employee Benefit Plan
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us-gaap Stock Issued During Period Value Purchase Of Assets
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us-gaap Stock Issued During Period Value Issued For Services
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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us-gaap Depreciation Depletion And Amortization
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lazr Fair Value Adjustment Of Warrants And Financial Instruments Subject To Mandatory Redemption
FairValueAdjustmentOfWarrantsAndFinancialInstrumentsSubjectToMandatoryRedemption
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lazr Fair Value Adjustment Of Warrants And Financial Instruments Subject To Mandatory Redemption
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lazr Payments To Vendors For Services Noncash Operating Activities
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us-gaap Goodwill And Intangible Asset Impairment
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us-gaap Goodwill And Intangible Asset Impairment
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lazr Derivative Liability Change In Fair Value
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lazr Derivative Liability Change In Fair Value
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7083000 usd
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us-gaap Interest Paid Net
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us-gaap Debt Conversion Converted Instrument Amount1
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Stock Issued1
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us-gaap Payments To Acquire Investments
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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. </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">LiDAR</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, 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. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 and India.</span></div>
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;margin-top: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 condensed 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 contingent consideration payable, and assets acquired in mergers and acquisitions including intangible assets, forecasted costs associated with non-recurring engineering (“NRE”) services, restructuring costs, valuation of convertible and senior notes and derivatives associated with them, valuation of distinct goods and services in the purchase contract with customers 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>
us-gaap Number Of Operating Segments
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2 operating_segment
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><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 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 deposits exceed federally insured limits. Cash held by foreign subsidiaries of the Company as of September 30, 2024 and December 31, 2023 was not material. </span></div>The Company’s revenue is derived from customers located in the United States and international markets. One customer
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2024Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2024Q3 lazr Corporate Bonds
CorporateBonds
0 usd
CY2023Q4 lazr Corporate Bonds
CorporateBonds
1097000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
114209000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139095000 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5772000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
5614000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3004000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2521000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8860000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4061000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
17636000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
12196000 usd
CY2024Q3 us-gaap Inventory Write Down
InventoryWriteDown
2900000 usd
us-gaap Inventory Write Down
InventoryWriteDown
20700000 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
3900000 usd
us-gaap Inventory Write Down
InventoryWriteDown
17300000 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12989000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12434000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10720000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
14132000 usd
CY2024Q3 us-gaap Supplies
Supplies
259000 usd
CY2023Q4 us-gaap Supplies
Supplies
3038000 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
6481000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3346000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
30449000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
32950000 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
98895000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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94735000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
43675000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28435000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55220000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66300000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
4700000 usd
us-gaap Depreciation
Depreciation
17100000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
10800000 usd
us-gaap Depreciation
Depreciation
16200000 usd
CY2024Q3 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
900000 usd
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
4400000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22994000 usd
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22077000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
8240000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3032000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4323000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3250000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
3000000 usd
CY2024Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
16712000 usd
CY2023Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
22994000 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
29780000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9818000 usd
CY2024Q3 lazr Intangible Assets Accumulated Impairment Loss
IntangibleAssetsAccumulatedImpairmentLoss
3250000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16712000 usd
CY2024Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
32780000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6786000 usd
CY2023Q4 lazr Intangible Assets Accumulated Impairment Loss
IntangibleAssetsAccumulatedImpairmentLoss
3000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
22994000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y2M12D
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000.0 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3300000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1031000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4126000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3479000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3263000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1771000 usd
CY2024Q3 lazr Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
3042000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
16712000 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
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
3396000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
3994000 usd
CY2024Q3 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2315000 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
2410000 usd
CY2024Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
10000000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
14000000 usd
CY2024Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
4169000 usd
CY2023Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
3471000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
5248000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
2471000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
834000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
4000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22566000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22356000 usd
CY2024Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
14075000 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
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CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14723000 usd
CY2024Q3 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
11294000 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss Current
ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent
8790000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
754000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4154000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2366000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3127000 usd
CY2024Q3 lazr Accrued Interest Payable
AccruedInterestPayable
6904000 usd
CY2023Q4 lazr Accrued Interest Payable
AccruedInterestPayable
359000 usd
CY2024Q3 lazr Insurance Reserve And Other Liabilities
InsuranceReserveAndOtherLiabilities
1744000 usd
CY2023Q4 lazr Insurance Reserve And Other Liabilities
InsuranceReserveAndOtherLiabilities
794000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
47954000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
52605000 usd
CY2024Q3 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
3200000 usd
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
15700000 usd
CY2023Q3 us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
3900000 usd
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
11000000 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
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27403000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-119155000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-134338000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-375476000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
480016365 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
394591942 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
453074622 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
382673871 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
494014952 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
394591942 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
471818091 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
382673871 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.11
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
265015444 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
265015444 shares
CY2024Q3 lazr Number Of Classes Of Stock
NumberOfClassesOfStock
2 classofstock
CY2024Q3 lazr Vendor Payments In Stock In Lieu Of Cash Liability
VendorPaymentsInStockInLieuOfCashLiability
4500000 usd
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
410127 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.66
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y9M18D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
185000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1600000 usd
CY2024Q3 lazr Share Based Compensation Arrangement By Share Based Payment Award Shares Issued Upon Vesting Of Rsu Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedUponVestingOfRSUShares
1
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32836000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44882000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
115792000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
160031000 usd
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
32836000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
44882000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
115792000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
160031000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.002
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.001
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Short Term Lease Payments
ShortTermLeasePayments
0 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2927000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2111000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8596000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
6111000 usd
CY2024Q3 us-gaap Variable Lease Cost
VariableLeaseCost
332000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
494000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
990000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1528000 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
3259000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
2605000 usd
us-gaap Lease Cost
LeaseCost
9586000 usd
us-gaap Lease Cost
LeaseCost
7639000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
5358000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2543000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3335000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
41036000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42706000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10978000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10154000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33016000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35079000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
43994000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
45233000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y25D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y7M9D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0645
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2901000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11226000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10961000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10030000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7168000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2834000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6500000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
51620000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7626000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
43994000 usd
CY2024Q3 us-gaap Purchase Obligation
PurchaseObligation
115800000 usd
CY2023Q4 lazr Number Of Additional Shareholders
NumberOfAdditionalShareholders
3 shareholder
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
15493000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5710000 usd
CY2024Q3 us-gaap Restructuring Costs
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3284000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q3 us-gaap Assets
Assets
403414000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
17636000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16959000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11932000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-128929000 usd
CY2023Q3 us-gaap Assets
Assets
552878000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
16698000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52911000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
20169000 usd
us-gaap Restructuring Costs
RestructuringCosts
9546000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-369349000 usd
CY2024Q3 us-gaap Assets
Assets
403414000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
17636000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
47665000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
19468000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-414716000 usd
CY2023Q3 us-gaap Assets
Assets
552878000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
16698000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
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0001628280-24-048172.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
lazr-20240930.htm Edgar Link pending
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