Velodyne is a technology company and a leading provider of LiDAR (Light Detection and Ranging) technology, which uses laser beams to create high-resolution 3D maps of the surrounding environment. Their LiDAR sensors are known for their accuracy, reliability, and ability to capture detailed data in real-time, enabling machines to navigate safely and efficiently. Velodyne's sensors are used in a myriad of new technologies and rapidly growing industries, including unmanned aerial vehicles, delivery services, mapping, industrial safety, robotics, security, marine uses, and more.
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Ford Otosan is already using Velodyne’s Alpha Prime lidar sensors to provide 360-degree surround-view perception for autonomous mobility.
OxTS Georeferencer supports Velodyne Alpha Prime VLS-128 LiDAR in beta.
OxTS Georeferencer now supports Velodyne VLP-16 Puck LiDAR.
RESEPI can be integrated with leading LiDAR providers, including Velodyne, Quanergy, Ouster, RIEGL, and Livox.
Velodyne developed the Velarray H800 with feedback from leading OEM customers.
Velodyne launched the Velarray H800 as its first new sensor release after the company went public on 2020-09-30.
Velodyne leverages a global network of manufacturing partnerships to produce the Velarray H800 at automotive quantities.
Velodyne Lidar's total revenue for the third quarter ended 2020-09-30 represents a 137% increase year-over-year.
Velodyne Lidar reiterated full year 2020 total revenue guidance of approximately $101,000,000.
Velodyne Lidar identified amortization of stock-based compensation of approximately $142,000,000 as the primary difference between GAAP and non-GAAP operating loss for 2020.
Velodyne Lidar expected full year 2020 GAAP operating loss to total between $208,000,000 and $205,000,000.
Velodyne Lidar used the closing common share price for VLDR of $12.20 on 2020-10-30 to calculate stock-based compensation.
Velodyne Lidar reported a GAAP net loss of $5,300,000 for the third quarter of 2020.
Velodyne Lidar reported a weighted average selling price (ASP) of approximately $5,600 for units shipped in the third quarter of 2020.
Velodyne Lidar expected full year 2020 non-GAAP gross margin to be approximately 30% to 33%.
Velodyne Lidar expected full year 2020 GAAP gross margin, including approximately $7,500,000 of stock-based compensation, in the range of 22.6% to 25.6%.
Velodyne Lidar reported License and Services revenue of $6,000,000 in the third quarter of 2020.
Velodyne Lidar reported cash of $298,000,000 on its balance sheet at the end of the third quarter of 2020.
Velodyne Lidar expected full year 2020 non-GAAP operating loss to be in the range of $67,000,000 to $64,000,000.
Velodyne Lidar had 168.7 million actual shares outstanding as of 2020-09-30.