![]() Unfortunately, the company has not provided more detail on these improvements. The company has also announced changes in specifications, promising better resolution and a longer distance range than its predecessor. The Iris Plus sensor is expected to have a 20% reduction in form factor. Luminar appears to be committed to this format until 2030, which I think is too long and could leave the company behind competitors. While I understand why this approach is being embraced, the company should try to advance the change already. In my previous article, I discussed my lack of enthusiasm for Luminar's rooftop installation approach. The most suitable lidar sensor for consumer vehicles is not a visible one. On the technology front, however, I am not as impressed. ![]() For investors, these are crucial accountabilities that measure the company's execution and ability to deliver on its promises. ![]() Now, I can see how the business is expected to evolve, its spending plans, cash position, and projected profitability. Still, I hope other companies will follow the example and embrace this format, as it represents a step toward a better understanding of lidar progression. Nevertheless, it is essential to note that while I am impressed with the company's efforts, I remain somewhat skeptical about feasibility, as numerous risks are involved. As someone who has monitored all public Lidar companies, I must commend Luminar for setting the bar high regarding transparency and clarity. Luminar ( NASDAQ: LAZR) has demonstrated excellence in reporting its expectations for 2023 and beyond.
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