Hmmm.....

The company has leveraged multiple technological breakthrough innovations to develop the industry’s best LiDAR sensors.

Their revenue projections look similar to POET's. (not suggesting a connection)

Since its market debut on Dec. 3, Luminar’s (LAZR) stock has gained 72%.  Luminar’s proprietary software designed to unlock full lidar capabilities will  enhance automakers’ ability to deliver high-speed highway autonomy in commercial series production scale. 

The company has landed huge contracts with Daimler AG (DDAIF), Intel Corp’s (INTC) Mobileye unit, Volvo Group and others, which are likely to solidify its standing in the LIDAR market.  Volvo’s vehicles will be equipped with Luminar’s Iris lidar sensors beginning 2022. 

Luminar expects to generate revenues of 15 million in 2020, which is expected to jump to $837 million by 2025.  The company has recorded year-over-year revenue growth (CAGR) of 7.8%. 

Northland Capital Markets analyst Gus Richard upgraded Luminar Technologies from Market Perform to Outperform with  a price target of $41.  The analyst commented, “LAZR will be the entrenched supplier to Mobileye by 2025.” 

InvestorPlace senior Investment Analyst, Luke Lango, recently noted that LAZR stock might have nearly 500% upside potential over the next few years.  Which means now is a good time to consider an investment in LAZR.