Call Start: 12:00 Call End: 12:33 January 1, 4539 ET
Luminar Technologies, Inc. (NASDAQ:LAZR)
Evercore ISI 2nd Annual Technology, Media & Telcom Conference Call
September 08, 2022, 12:00 ET
Company Participants
Thomas Fennimore - CFO
Conference Call Participants
Unidentified Analyst
Chris McNally and Doug Dutton from the automotive and mobility team, and we're really just happy to welcome Tom Fennimore, CFO of Luminar, and for our next presentation for a really quick background. So Luminar is a company dedicated to developing LiDAR technology and software, and we'll get into that for autonomous vehicles and advanced ADAS.
Founded by Austin Russell in 2012, Luminar trades under the ticker LAZR, L-A-Z-R, and has a market cap of about $3 billion. Before coming to Luminar, Tom was the Global Head of Automotive and Co-Head of Industrials Group at Jefferies. Prior to that at Goldman Sachs, where he was on the advisory side, and sort of seeing everything that was going on in autotech years before the public markets.
Tom, first, welcome, thanks so much for taking the trip here. Maybe because you can convey the story of Luminar sort of even better than we can. Could -- particularly for the guys who don't know a lot about Luminar and the LiDAR industry. Can you just give a brief overview for a little bit of the history of the company.
Thomas Fennimore
Sure. So Luminar was founded a little over 10 years ago by our CEO and Co-Founder, Austin Russell. It's one of those technology stories where a young teenager really developed this technology in his garage, and then over the years has really come to commercialize that technology.
So the core of what Luminar does is what we call LiDAR. As I described to my two young boys, we effectively develop products that shoot lasers
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