Automotive technology company Luminar Technologies, Inc. (LAZR) provides sensor technologies and software for passenger cars and commercial trucks. The company operates through its two broad segments of Autonomy Solutions and Components.
For the fiscal second quarter, the company reported total revenue of $9.93 million, representing a 57.4% increase from its year-ago value and a positive surprise of 17.6% compared to the consensus estimate. Moreover, LAZR raised its full-year 2022 revenue outlook to $40-$45 million, up from the $40 million guided earlier. The company also raised guidance for the year-over-year growth of its order book from 40% to 60%.
