Luminar Technologies misses by $0.01, misses on revs; expects Q4 revs to grow moderately relative to Q3
- Reports Q3 (Sep) loss of ($0.16) per share, excluding non-recurring items, $0.01 worse than the FactSet Consensus of ($0.15); revenues fell 8.6% year/year to $15.49 mln vs the $17.7 mln FactSet Consensus.
- Co's guidance:
- Q4 revenue expected to grow moderately relative to Q3.
- Q4 gross loss expected to improve significantly (down) sequentially.
- Estimating ~$230-240 mln in cash by year's end (down from $240 mln).
No comments:
Post a Comment