The big question is how much of this revenue could be impacted by Mobileye going in-house.Īs with the sector, most AV programs don't start for years so revenue totals will start slow until projects ramp in a few years. Regardless, the company only forecasts a 2025 revenue opportunity of $837 with strong EBITDA margins of 44%. Luminar forecasts an opportunity for up 70 million units by 2030. ![]() The company has big deals with the likes of Volvo ( OTCPK:VOLVY) and the auto OEMs and major programs in areas such as robotaxi. While the automotive promises a big market opportunity, Luminar is facing some stiff competition where customers such as Mobileye, owned by Intel ( INTC), are openly discussing the goal of building an in-house lidar product by 2025. The lidar company is focused on the automotive sector of the space while other players going public via SPACs such as Velodyne Lidar ( VLDR) and Ouster ( CLA) are much more focused on robotics and industrial applications. Even with net cash of nearly $500 million, the company has an EV of $10 billion. Considering the SPAC deals are based on $10 per share, Luminar already has tripled, placing the market valuation above $10 billion. Luminar completed their SPAC deal with Gores Metropoulos in December and the stock now already trades at $32 with a high above $41. Investors appear far too bullish on the automotive portion of the lidar sector. The hottest stock in the sector is Luminar ( NASDAQ: LAZR), but the stock may not be the best investment here. ![]() The lidar sector has seen a rush of companies going public via SPACs.
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