Luminar Technologies Inc - 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of May 15, 2025, the registrant had42,006,245shares of Class A common stock and4,872,578shares of Class B common stock, par value$0.0001 per share, outstanding. TABLE OF CONTENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Item 1. Financial Statements. Condensed Consolidated Balance Sheets (Unaudited)Condensed Consolidated Statements of Operations and Comprehensive Loss(Unaudited)Condensed Consolidated Statements of Stockholders’ Deficit (Unaudited)Condensed Consolidated Statements of Cash Flows (Unaudited)Notes to Condensed Consolidated Financial Statements (Unaudited)Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. OverviewIndustrialization and Business UpdateBasis of PresentationComponents of Results of OperationsResults of OperationsLiquidity and Capital ResourcesCritical Accounting Policies and EstimatesRecent Accounting PronouncementsItem 3. Quantitative and Qualitative Disclosures About Market Risk. PART II. OTHER INFORMATION Item 1. Legal Proceedings.Item 1A. Risk Factors.Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Form 10-Q”) includes forward-looking statements in addition to historicalinformation. These forward-looking statements are included throughout this Form 10-Q, including in the sections entitled“Management’s Discussion and Analysis of Financial Condition and Results of operations,” “Risk Factors,” and in other sections inthis Form 10-Q. These statements reflect the current views of management with respect to future events and our financial performance.These forward-looking statements include statements regarding the estimated costs and expected benefits of the restructuring planinitiated in May 2024, including the additional actions taken under the restructuring plan in September 2024,the Company’s 2025restructuring plan, including, without limitation, statements related to the Company’s expected charges for employee severance andother costs associated with the 2025 restructuring plan, including estimates of related cash expenditures by the Company, statementsregarding the number of employees subject to the workforce reduction and the timing thereof, and the impact of the 2025 restructuring These statements are only predictions based on our current expectations and projections about future events. There areimportant factors that could cause our actual results, level of activity, performance or achievements to differ materially from theresults, level of activity, performance or achievements expressed or implied by the forward-looking statements, including our historyof losses and our expectation that we will continue to incur significant expenses, including substantial research and development(“R&D”) costs, and continuing losses for the foreseeable future as well as our limited operating history which makes it difficult toevaluate our future prospects and the risks and challenges we may encounter; our strategic initiatives which may prove more costlythan we currently anticipate and potential failure to increase our revenue to offset these initiatives; whether our LiDAR products are orwill continue to be selected for inclusion in autonomous driving or advanced driving assistance systems (“ADAS”) by automotiveoriginal equipment manufacturers (“OEMs”) or their suppliers, and whether we will be de-selected by any customers; the lengthyperiod of time from a major commercial win to implementation and the risks of cancellation or postponement of the contract orunsuccessful implementation; potential inaccuracies in our forward-looking estimates of certain metrics, our future cost of goods sold(“COGS”) and bill of materials (“BOM”) and total addressable market; the discontinuation, lack of success of our customers indeveloping and commercializing products using our solutions or loss of business with respect to a particular vehicle model ortechnology package and whether end automotive consumers will demand and be willing to pay for such features; our ability tosuccessfully fund