![]() So, its liquidity position remained strong, considering a nine-month cash burn rate of $90.24 million.įor the next quarter, analysts expect VLDR's bottom line to decelerate 45.47% YoY, standing at ($0.17) per share. Velodyne ended the quarter with cash, cash equivalents, and short-term investments of $324.5 million. The company delivered 4,400 LiDAR sensors during the third quarter. Its Non-GAAP EPS stood at ($0.19), missing estimates by $0.04. Not unexpectedly, the company missed the revenue consensus by $7.7 million. This decrease was due to the absence of a non-recurring stocking fee and a lower average selling price in Q3. In the third quarter of 2021, Velodyne Lidar's revenue decreased 59.3% on a year-over-year basis, coming in at $13.06 million. Moreover, its revenues should lift 384.35% to $11.78 million in the current quarter. Besides, LAZR maintained its FY2021 guidance, planning to recognize revenue in the range between $30 and $33 million.įor the fourth quarter, Wall Street expects Luminar's EPS to grow 5.85% year-over-year to ($0.11). ![]() However, LAZR slightly missed Wall Street estimates by $0.92 million.Īlthough Luminar's net loss grew 64% year-over-year to $51.34 million, its Non-GAAP EPS was ($0.10), in line with analysts' consensus. In Q3, the company's revenue increased by 89.1% year-over-year to $7.98 million, driven by increased sales from its Autonomy Solutions segment. Luminar Technologies last issued its earnings report on Thursday, November 11th.
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