![luminar technologies stock luminar technologies stock](https://i.ytimg.com/vi/PbP2kHWlY6A/hq720.jpg)
It reported a $6.2 million net loss, or $0.04 per share, compared to a net loss of less than $5 million in the prior-year period. In the first quarter, the company reported$0.5 million in sales, which were 67% lower year over year.
![luminar technologies stock luminar technologies stock](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i29CW6YejJV4/v1/1200x800.jpg)
MVIS is now valued at a market cap of $2.2 billion. It also develops micro-display concepts for augmented reality headsets, and its consumer lidar tech is used in smart-home systems. The company says its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, optomechanics, algorithms, and software. MicroVision develops Lidar sensors used in automotive safety and autonomous driving applications. Lidar is a method for determining variable distance by targeting an object with a laser and measuring the time for the reflected light to return to the receiver.Ĭlick here to checkout our Electric Vehicle Industry Report for 2021 But which of these two companies is the better investment bet now? Let’s look. Here, we look at two such companies, MicroVision ( MVIS) and Luminar Technologies ( LAZR), that are positioning themselves to be long-term winners in the Lidar and AV driving space. While the shift towards clean energy solutions is expected to gain pace over the coming decade, many EV companies, including Tesla, have been pumping in billions of dollars to develop self-driving technologies.Įven as EV production is on the rise, investors should also brace for a similar explosion in the autonomous vehicle (AV) space driven by breakthroughs in artificial intelligence, automation, robotics, and light detection and ranging (or Lidar) tech. Over the last 15 months, electric vehicle (EV) stocks have gained popularity.