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Luminar Technologies, Inc./DE [LAZR] posts $445.94M profit as revenue rises 27.40% to $40.70M

By USInMinutes - Mar 02, 2023, 10:41 AM ET

Last Updated - Mar 06, 2023, 12:22 PM EST

Net Sales:

$40.70M

Luminar Technologies, Inc./DE [LAZR] posted a profit of $445.94M, marking a rise of 287.38% for this year.

Revenue rose to $40.70M this year compared to $31.94M in the previous year.

According to the latest annual report the company has filed with the SEC, current earnings were $445.94M, up 287.38% from $-237.99M.

The company’s net sales for the period were $40.70M, up 27.40%. Net sales in the previous year were $31.94M.

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