gave its new chief legal officer Alan Prescott nearly $30 million in total compensation last year to lure him away from Tesla Inc. Finally, LAZR has a heavy bullish options market sentiment at the moment.Luminar Technologies Inc. Besides, Luminar Technologies has relatively better financials and forward growth rates.
It is worth mentioning that the company’s recently signed deal with Mercedes looks like a significant milestone, indicating a lot of potential benefits for both companies. I believe LAZR is currently a better pick than INVZ.
When it comes to INVZ, the open calls/open puts ratio at the $5.00 strike price is 0.3x, showing a bearish options market sentiment. In LAZR’s occasion, the open calls/open puts ratio at the $16.00 strike price comes in at 85x, implying a very strong bullish options market sentiment. Looking at the February 18th, 2022 option chain for both LAZR and INVZ, we can figure out short-term options market sentiment by analyzing the calls/puts ratio. Besides, its Q4 revenue is estimated to come in at $3 million. Furthermore, the company strengthened its liquidity position by increasing its cash and short-term deposits to $324.57 million in Q3, up from $49.95 million as of December 31st, 2020.Ĭurrently, Wall Street expects Innoviz’s EPS to be ($0.19) in the fourth quarter of 2021. However, INVZ’s net loss also advanced 68% YoY to $26.43 million in the third quarter, translating into lower-than-anticipated Non-GAAP EPS of ($0.20). It is important to note that the company topped Wall Street revenue estimates by $0.1 million. In the third fiscal quarter of 2021, Innoviz Technologies’ revenue grew 13% year-over-year to $2.1 million, primarily driven by a 36% year-over-year increase in InnovizOne-related revenue. Furthermore, Wall Street anticipates that its fourth-quarter revenue will advance 386.62% YoY to $11.83 million. Also, the company kept its full-year 2021 guidance, expecting to generate revenue in the range of between $30 and $33 million.įor the next quarter, analysts expect LAZR’s bottom line to rise 11.57% year-over-year, standing at ($0.10) per share. Luminar’s net loss grew 64% year-over-year to $51.34 million amid a 253% increase in total operating expenses, leading to Non-GAAP EPS of ($0.10), which stood in line with analysts’ consensus. However, the company slightly missed analysts consensus by $0.92 million. The revenue growth was due to the increase in sales from its Autonomy Solutions segment. For its fiscal third quarter, Luminar’s overall revenue increased 89.1% on a year-over-year basis, coming in at $7.98 million. Luminar Technologies last reported its earnings on Thursday, November 11th. Innoviz is an Israel-based company that develops solid-state LiDAR sensor and perception software, supporting the mass production of autonomous cars.
Luminar technology software#
( INVZ ), to see which one is a better addition to investors’ portfolios.įounded in 2012, Luminar Technologies develops and sells lidar sensors and other software solutions related to autonomous vehicles. Today I’ll analyze and compare two lidar stocks, Luminar Technologies, Inc. Consequently, companies from the given industry should benefit in the long term.
The global LiDAR market is estimated to grow at a CAGR rate of 22.7% between 20, reaching $6.71 billion in the final year, driven by the rising need for Lidar from Unmanned aerial vehicles (UAVs) and autonomous vehicles. As a result, autonomous vehicles can collect data about a vehicle’s surroundings, taking over from the driver. With the usage of a high-intensity laser tool, a micro-electro-mechanical system (MEMS), and a GPS transceiver, light detection and ranging (LiDAR) technology creates a three-dimensional visual image.
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