===Luminar Technologies (LAZR) reported earnings on Mon 11 Nov 24 (a/h)

 

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).

Unusual Options Activity, Thur 5/18/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• MVIS May 3.5 calls are seeing interest with the underlying stock up 6% (volume: 4310, open int: 500, implied vol: ~159%, prev day implied vol: 78%). Co is expected to report earnings early June.
• EQT May 35 calls are seeing interest with the underlying stock up 4% (volume: 1860, open int: 260, implied vol: ~58%, prev day implied vol: 45%). Co is expected to report earnings late July.
• LAZR May 7 calls are seeing interest with the underlying stock up 4% (volume: 15.3K, open int: 2000, implied vol: ~80%, prev day implied vol: 78%). The stock is extending this week's gains after Chairperson, President & CEO disclosed the purchase of another 1,475,685 worth nearly $8.9 mln. Co is expected to report earnings early August.
  

Bearish Put Activity:

• NIO May 8.5 puts (volume: 8290, open int: 5770, implied vol: ~65%, prev day implied vol: 58%). Co is confirmed to report earnings June 9 before the open.
  
• FTCH Jun 4 puts are seeing interest ahead of earnings tonight after the close (volume: 2120, open int: 10, implied vol: ~97%, prev day implied vol: 92%). 2K traded in a single transaction.

Sentiment: The CBOE Put/Call ratio is currently: 0.94, VIX: (16.79, -0.08, -0.5%).

Insider Trading : Thur 5/18/23

Notable purchases -- President/CEO adds to LAZR; notable sales -- Deputy CFO active in MS

Buyers:

• ADC President/Chief Executive Officer and the Chief Operating Officer bought a total of 6,500 shares at $65.25 - $65.50 worth ~$425K.
• ADV Chief Executive Officer bought 160,000 shares at $1.47 - $1.66 worth ~$258K.
• AFCG Chief Executive Officer / 10% owner bought 51,309 shares at $10.44 - $10.45 worth ~$536K.
• AXON Director bought 10000 shares at $199.14 - $200.25 worth ~$2.0 mln.
• INSM Director bought 20,000 shares at $19.22 - $19.35 worth ~$386K.
• LAZR Chairperson, President & CEO bought 1,475,685 shares at $5.81 - $6.33 worth ~$8.9 mln.

Sellers:

• AMC 10% owner sold 1,235,947 AMC Preferred Equity Units (APE) at $1.60 - $1.63 worth ~$2.0 mln.
• CBZ Director sold 15,000 shares at $49.73 - $50.28 worth ~$750K.
• MS Deputy Chief Financial Officer sold 7320 shares at ~$82.9505 worth ~$607K.
• ONEW Director sold 60,353 shares at $28.10 - $28.36 worth ~$1.7 mln.
• WTS 10% owner sold 7,000 shares at  $165.00 - $165.37 worth ~$1.2 mln.