Luminar Technologies, Inc. (NASDAQ:LAZR) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET
Company Participants
Aileen Smith - Head of IR
Austin Russell - Founder & CEO
Tom Fennimore - CFO
Conference Call Participants
Joshua Buchalter - TD Cowen
John Babcock - Bank of America
Jesus Gonzalez-Lopez - JPMorgan
Richard Shannon - Craig-Hallum
Mark Delaney - Goldman Sachs
Kevin Garrigan - Westpark Capital
Aileen Smith
Welcome, everyone, to Luminar's Second Quarter of 2024 Business Update Call. My name is Aileen Smith, and I’m Luminar's Head of Investor Relations. With me today are Austin Russell, Luminar's Founder and Chief Executive Officer; and Tom Fenimore, our Chief Financial Officer. As a quick reminder, this call is being recorded and you can find the press release, and presentation that accompany this call at investors.luminartech.com.
In the interest of providing the most informative experience for our stakeholders, we're making the following changes to our reporting and discussion this quarter. In a moment, you'll hear some remarks from Austin focused on providing our shareholders an update of our vision and strategy, what differentiates us from others, as well as our progress over the past few years and this past quarter.
This will be followed by remarks from Tom, focused on our recent capital structure actions, quarterly financials, and financial outlook. Following these remarks, we will open up the call to Q&A. Our Q&A session will primarily consist of questions from the institutional analyst community. To ensure we're addressing as many as possible, we would ask the analysts limit their questions to one with one follow up.
Before we begin the prepared remarks and Q&A, let me remind everyone that during the call we may refer to GAAP and non-GAAP financial measures. Today's discussion also includes forward-looking statements based on the environment as we currently see it and as such, does include risks and uncertainties. Please refer to our press release and our presentation for more information on the specific risk factors that could cause actual results to differ materially.
With that, I'd like to introduce Luminar's Founder and CEO, Austin Russell.
Austin Russell
All right. Hey, guys. Can you hear me okay?
Aileen Smith
All good, Austin.
Austin Russell
Awesome. Well, thanks, everyone for joining our second quarter business update conference call. So today, we're actually in Boston at our newest office for specialized chip subsidiary Luminar Semiconductor, Inc., which is just 10 minutes down the road from our current receiver R&D and fab location we've owned since 2021. So, we shared this news a little bit last week regarding the acquisition of EM4. We do a small one, (ph) but we since integrated the business and we've helped grow our semiconductor business overall to break even status on our overall path to profitability. But that's not what we're here to talk about today.