Autonomous Vehicle News
Luminar expects to increase its “major commercial win” guidance at its next quarterly business update call. GAAP net loss for the first quarter of 2021 was $(75.9) million, or $(0.23) per share, basic and diluted, compared to GAAP net loss of $(15.6) million, or $(0.12) per share, basic and diluted, for the first quarter of 2020. This presentation includes non-GAAP financial measures, including non-GAAP net loss, Free Cash Flow (“FCF”) and Order Book. We only include major commercial wins in our forward looking orderbook calculation, and subject to the risks set forth in the “Forward-Looking Statements” section below. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.