#lidar

#lidar

Luminar faces potential bankruptcy as Volvo backs off its promise to make lidar standard in its flagship models. Volvo blamed "limited supply of the lidar hardware." Luminar has already warned investors that it may run out of cash by the end of Q1 2026. Not long ago, Volvo and Luminar seemed like the perfect partnership. The Swedish automaker pushed a safety-first approach that used the startup's laser-based sensors to ensure its vehicles were safer than ever.

Ouster shipped 7,200 sensors in Q3, the highest quarterly volume in company history. Revenue came in at $39.5M, beating the $37.81M consensus by $1.69M. The loss per share was $0.37, narrowly better than the estimated $0.38. On the surface, it's a solid quarter. The real story, though, is what the numbers reveal about demand and execution. Revenue climbed 41% year over year.

The apparatus uses optical principles combined with reverse engineering algorithms to disrupt the scanner's perception, intertwining tangible events, recorded fictions, and imagined scenes to blur the line between authenticity and artifice.

Luminar, undergoing a significant restructuring and workforce reduction, has started additional layoffs as part of ongoing operational challenges following a leadership change.