Luminar Technologies, Inc. (NASDAQ:LAZR) Q3 2024 Earnings Call Transcript November 11, 2024 5:00 PM ET
Company Participants
Yarden Amsalem - Senior Manager of IR
Austin Russell - Founder and CEO
Tom Fennimore - CFO
Conference Call Participants
Winnie Dong - Deutsche Bank
John Babcock - Bank of America
Jash Patwa - JPMorgan
Mark Delaney - Goldman Sachs
Kevin Cassidy - Rosenblatt
Tristan Gerra - Baird
Operator
My name is Yarden Amsalem, and I'm Luminar's Senior Manager of Investor Relations, covering for Aileen Smith while she is on maternity leave. With me today are Austin Russell, Luminar's Founder and Chief Executive Officer; and Tom Fennimore, our Chief Financial Officer. As a quick reminder, this call is being recorded. You can find the press release and presentation that accompany this call at investors@luminartech.com. In a moment, you will hear brief remarks from Austin and Tom, followed by Q&A. Our Q&A session will primarily consist of questions from the institutional analyst community. To ensure we are addressing as many as possible, we would ask the analyst to limit their question 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 contains 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 presentation for more information on the specific risk factors that could cause actual results to differ materially.
And with that, I'd like to introduce Luminar’s Founder and CEO, Austin Russell.
Austin Russell
Well, yes. Thanks, everyone. Good afternoon and appreciate you joining us. So I want to be able to jump straight in, but before that, I thought I'd be able to just give a quick sort of top five, the most significant business updates to be able to illustrate our business momentum. So first and foremost, Volvo is successfully ramping up the EX90. We successfully delivered now to a four-figure number of vehicles that's going to five figures very soon over the coming months. And now we've begun the first global deliveries outside of the US with Volvo as they ramp up the EX90 in a host of different countries. So seeing our successful execution in the EX90 launch, as well as our ability to ramp, they've now made the decision to start rolling us out on additional vehicle models. And specifically, we're thrilled to announce that Volvo will be featuring Luminar as standard equipment on the next model in their lineup. We expect to be able to share more details on this in the coming months. So that's been an exciting one and great to be able to have the support from Volvo, thank you.