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This statistic highlights Luminar Technologies’ Revenue Breakdown, split across the Asia Pacific, North America, and EMEA, reported on a quarterly basis from Q1 2020 onwards.
The company believes that their products meet or exceed the requirements to enable safe autonomy at all levels, and they have turned this capability into a position of leadership in the market. Their broad technical competency spans hardware, software, and system safety disciplines. International sales comprise a significant amount of their overall revenue. Sales to international customers accounted for 71% and 17% of their revenue in 2020 and 2019, respectively. They are committed to growing their international sales.
Luminar Technologies’ Revenue Breakdown
The total revenue of Luminar Technology rose from $4.22 million in Q3 2020 to $7.98 million in Q3 2021, indicating an increase of 89.09% on a year-on-year basis. Q3 2021 proved to be better in terms of total revenue generated, as compared to Q2 2021, marking a growth of 26.46% on a quarterly basis, as compared to $6.31 million in Q2 2021. A major portion of the total proceeds was contributed by North America, accounting for 71.55% in Q3 2021.
|Revenue by Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
The U.S. has recently introduced or proposed changes in trade programs that include the concession or termination of trade agreements, the duty of high tariffs on imports into the U.S., economic allowances on individuals, corporations, or countries, and other government regulations affecting trade between the U.S. and other countries where they conduct their business.
The majority of the total revenue of the company is generated by North America, accounting for 71.55% of the company’s total revenue in Q3 2021. This region had shown an increase of $4.24 million, making a growth of 288% on a year-on-year basis, $1.47 million in Q3 2020 to $5.71 million in Q3 2021. The quarter-on-quarter growth rate stood at 40.64%, witnessing an increment of $1.65 million as compared to $4.06 million in Q2 2021.
The Asia Pacific region accounts for 0% of the company’s revenue in Q3 2021. The revenue from this region stood at $0.51 million in Q3 2020. However, it declined to $0.15 million in Q2 2021, making a drop of 70.5%. The revenue further declined to $0 in Q3 2021, falling by 100% on a yearly and a quarterly basis.
Revenue from Europe, Middle East and Africa region, known as the EMEA region has a contribution of 28.45% to the total revenue of the company in Q3 2021. It has a revenue of $2.27 million in Q3 2021 which was not much of an increase from $2.24 million in Q3 2020. On a yearly basis, it witnessed a mere 1.33% growth. However, it increased by about 8.61% on a quarterly basis, as compared to $2.09 million in Q2 2021.
Luminar Technologies Inc. is an American technology company that develops vision-grounded lidar and machine perception technologies, primarily for self-driving automobiles. The company’s headquarters and main exploration and development facilities are in Orlando, Florida. Another major office is located in Palo Alto, California. Luminar is a global automotive technology company ushering in a new period of vehicle safety and autonomy. The company manufactures and distributes advanced sensors and components for the autonomous vehicle industry. It makes use of the Laser imaging, detection and ranging technology. The Company’s lidar stuff and software products help set the standard for safety in the industry and are designed to permit accurate and steady discoveries of some of the most challenging “ edge cases” autonomous vehicles can encounter regularly.
They’re presently partnering with eight of the top-ten global automakers, by deals, and have the aim of being the first lidar company to produce expressway self-driving and next-generation Proactive Safety systems for series production. Innovated in 2012 by President and Chief Executive Officer Austin Russell, Luminar erected a new type of lidar from the chip position over, with technological improvements across all core components.
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