Gelonghui, May 8 | The U.S. stock market of lidar company Luminar (LAZR.US) once rose by more than 11% before the market opened, trading at $1.84.
Luminar\’s first quarter sales were US$20.97 million, a year-on-year increase of 44.5%. Slightly lower than the expected US$21.14 million; loss per share was US$0.19. Market expectations were for a loss of US$0.2.
Luminar stated in a letter to shareholders that Tesla purchased more than $2 million worth of lidar in the first quarter, accounting for approximately 10% of revenue in the quarter. Tesla is its largest customer.
Luminar once rose more than 11% before the market opened. Tesla purchased more than $2 million worth of lidar in Q1.
Gelonghui, May 8 | The U.S. stock price of lidar company Luminar (LAZR.US) rose by more than 11% before the market opened, at $1.84.
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