Here I highlight one recent quote from its highly quotable earnings call, Luminar has a very alluring narrative that oozes of a growth opportunity. They develop lidar (light detection and ranging) sensors, which allow autonomous vehicles to understand their surroundings, with a key focus on vehicle safety. Luminar Technologies is a company specializing in autonomous vehicle technology and advanced sensor systems. Presently, I struggle to get bullish on this stock, so I'm watching from the sidelines. In fact, in its quest to reach non-GAAP positive gross margins by Q4 of this year, Luminar has even requested that its vendors get paid with stock, so that its cost of goods sold can be added back to its non-GAAP gross margins. The problem, I argue, has less to do with its narrative, and more to do with its unrelenting unprofitable business.
Luminar Technologies ( NASDAQ: LAZR) is growing at breakneck speed and has a very compelling narrative to go with its growth rates.
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