"NEW YORK, NY / ACCESSWIRE / March 28, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Luminar Technologies, Inc. ("Luminar" or "the Company") (NASDAQ:LAZR). Investors who purchased Luminar securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LAZR...
Investigation Details:
On or around March 17, 2023, media outlets reported that the semiconductor developer Lidwave had accused Luminar of attempting to pass off a Lidwave chip as Luminar's own technology after showing an image of the processor at a recent investor conference and in materials on its website, threatening Luminar with legal action. Luminar subsequently removed the images in question from its investor presentation and website. On this news, Luminar's stock price fell $0.68 per share, or 8.02%, to close at $7.80 per share on March 20, 2023.
Then, on February 27, 2024, Luminar issued a press release reporting its fourth quarter and full-year 2023 financial results. Among other items, Luminar reported non-GAAP earnings per share of -$0.20 for the quarter, missing consensus estimates by $0.01, and revenue of $22.11 million, missing consensus estimates by $5.19 million. On this news, Luminar's stock price fell $0.12 per share, or 4.8%, to close at $2.38 per share on February 28, 2024.
IG
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Recent LAZR News
- Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars • Business Wire • 04/23/2024 06:00:00 PM
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- Luminar to Report Q1’24 Financial Results on May 7, 2024 • Business Wire • 04/15/2024 01:00:00 PM
- Luminar Attracts Former Executives From Lyft, Apple and Meta, Microsoft • Business Wire • 04/12/2024 04:53:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:14:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 10:13:35 PM
- Luminar Reports Fourth Quarter & Full Year 2023 Business Update and Financials • Business Wire • 02/27/2024 09:13:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 09:04:11 PM
- Announcing Luminar Day: A New Era on April 23, 2024 • Business Wire • 02/14/2024 07:39:00 PM
- Luminar To Provide Quarterly Business Update on February 27, 2024 • Business Wire • 02/01/2024 02:00:00 PM
- ADDING MULTIMEDIA Luminar and Mercedes-Benz Expands Partnership; Luminar Debuts New Emergency Steering AI Software with Iris+ and NVIDIA DRIVE Orin • Business Wire • 01/09/2024 09:58:00 PM
- Luminar, Mercedes-Benz Expand Partnership to Formula One • Dow Jones News • 01/09/2024 08:42:00 PM
- Luminar and Mercedes-Benz Expand Partnership to Formula 1 with the Mercedes-AMG PETRONAS Team • Business Wire • 01/09/2024 08:00:00 PM
- Luminar and Mercedes-Benz Expands Partnership; Luminar Debuts New Emergency Steering AI Software with Iris+ and NVIDIA DRIVE Orin • Business Wire • 01/09/2024 08:00:00 PM
- Luminar at CES 2024 • Business Wire • 01/04/2024 05:09:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 01:24:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 01:23:17 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/08/2023 01:22:42 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 10:28:32 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 11/13/2023 10:27:29 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:10:58 PM
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