Luminar (LAZR) shares are sliding this morning after reporting a mixed earnings report, coming in short with revenue of $16.2 million — missing estimates by $20,000 — but narrowly beating on earnings by narrowing losses of $0.21 per share. The lidar and autonomous driving developer highlighted year-over-year revenue growth while managing new partnerships with automakers like Polestar and Nissan.
"We made a big bet on [semiconductors] between some advanced semiconductor capabilities, AI capabilities about six years ago, so this is really starting in 2017," Luminar CEO Austin Russell tells Yahoo Finance Live. Russell hints at Luminar's revenue and growth outlooks to deploy its technologies with partnered automakers in the years to come, tied to bolstering interest in the AI and semiconductor industries.
