Luminar releases first quarter earnings report, revenue declines but lidar shipments increase

Luminar, a US lidar supplier, recently released its first quarter 2025 financial report, showing revenue of $18.9 million, a year-on-year decrease of 10%. However, the company's lidar sensor shipments reached nearly 6,000, a 50% increase from the previous quarter, and the cumulative shipments were about 14,000. Despite the decline in revenue, the company's net loss decreased from $126 million in the same period last year to $76.516 million.