Morgan Long's questions to Luminar Technologies Inc (LAZR) leadership • Q4 2024
Question
Morgan Long of Goldman Sachs asked about the impact on the order book from the transition to the Halo platform and sought confirmation on the Halo launch timeline.
Answer
CFO Tom Fennimore explained that the quoting process doesn't change much, but the order book is temporarily lower because Halo is in an earlier development stage and doesn't yet meet their strict criteria for inclusion (requiring an official series production award). He expects the order book to be replenished with better economics as Halo meets development milestones. Fennimore confirmed the timeline for Halo is targeted for vehicle launches with SOPs in 2027, implying development completion around the end of 2026.