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![Luminar Technologies, Inc./DE [LAZR] reports annual net loss of $571,269,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FLAZR.png&w=1200&q=75)
Luminar Technologies, Inc./DE [LAZR] has reported a net loss of $571,269,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $69.8 million
Based in ORLANDO, Florida, Luminar Technologies, Inc./DE operates in the MANUFACTURING sector.
The consolidated financial statement for the year ended Dec. 31, 2023, compared to the same period in 2022 and 2021, shows a significant increase in total revenue. In 2023, total revenue reached $69.8 million, up from $40.7 million in 2022 and $31.9 million in 2021.
The total cost of sales also saw a notable increase over the same periods. In 2023, the cost of sales amounted to $142.5 million, compared to $101.0 million in 2022 and $46.1 million in 2021.
The net loss for the year ended Dec. 31, 2023, stood at $571.3 million, a slight increase from the $445.9 million loss in 2022 and the $238 million loss in 2021.
Regarding earnings per share, the basic and diluted loss per share was $1.47 in 2023, higher than the $1.25 in 2022 and $0.69 in 2021.
In terms of products revenue, there was substantial growth, with total revenue reaching $45.0 million in 2023, $18.5 million in 2022, and $10.1 million in 2021.
For services revenue, the figures were more stable, with total revenue of $24.7 million in 2023, $22.2 million in 2022, and $21.8 million in 2021.
Overall, the company experienced growth in revenue but also saw an increase in net loss for the year ended Dec. 31, 2023, compared to the previous periods.
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