Luminar Technologies, Inc. (9FS.F)
| Previous Close | 1.5160 |
| Open | 1.5310 |
| Bid | 1.5730 x N/A |
| Ask | 1.6355 x N/A |
| Day's Range | 1.5140 - 1.5815 |
| 52 Week Range | 1.1185 - 7.4200 |
| Volume | |
| Avg. Volume | 4,757 |
| Market Cap | 717.256M |
| Beta (5Y Monthly) | 1.49 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.3700 |
| Earnings Date | May 07, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
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Luminar to cut nearly 20% jobs as part of restructuring
Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. Lidar sensors help self-driving cars and driver-assistance systems gain a three-dimensional map of the road, and is considered a key to achieving full autonomy in vehicles.
Barrons.comLuminar Lays Off 20% of Its Workforce
Luminar Technologies is laying off 20% of its workforce, according to a company memo reviewed by Barron’s. “We stand at the crossroads of two realities: the core of our business has never been stronger across technology, product, industrialization, and commercialization; yet at the same time, the capital markets perception of our company has never been more challenging,” reads part of the company-wide communication from CEO Austin Russell. “These kinds of decisions are never easy, and we’re taking steps to provide significant support for our exiting employees,” added Russell.
