Luminar Is Making Huge Strides Toward Profitability

By Parkev Tatevosian, CFA – Aug 24, 2023 at 5:15AM

NASDAQ: LAZR

Luminar Technologies

Market Cap

$608M

Today's Change

(5.11%) $0.07

Current Price

$1.44

Price as of April 26, 2024, 4:00 p.m. ET

As it reaches large-scale production, Luminar expects margins to improve.

Fool.com contributor Parkev Tatevosian discusses Luminar's (LAZR 5.11%) progress in improving the bottom line.

*Stock prices used were the afternoon prices of Aug. 20, 2023. The video was published on Aug. 22, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.