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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Velodyne Lidar reported a non-GAAP net loss of $9,100,000 for the third quarter of 2020.
Velodyne Lidar reported a third quarter 2019 gross profit of $1,100,000 for comparison to 2020 results.
The 175 pipeline projects tracked by Velodyne Lidar at the end of the third quarter of 2020 represent a 34% increase over 131 projects at the end of 2019.
Velodyne Lidar consummated a business combination with Graf Industrial Corp. and began trading on Nasdaq under the tickers VLDR (common stock) and VLDRW (public warrants) on 2020-09-30.
Velodyne Lidar shipped 2,235 sensor units in the third quarter of 2020.
Velodyne Lidar reported product revenue of $26,100,000 in the third quarter of 2020.
Velodyne Lidar reported GAAP and non-GAAP gross profit totaling $15,000,000 in the third quarter of 2020.
Velodyne Lidar reported total revenue of $32,100,000 for the third quarter ended 2020-09-30.
Velodyne Lidar estimated fiscal year 2020 weighted average shares outstanding of approximately 148.5 million given its business combination.
Velodyne Lidar calculated third quarter 2020 EPS using weighted average shares outstanding of 140.5 million.
Velodyne Lidar, Inc. will report third quarter 2020 financial results for the period ended 2020-09-30 following the close of the market on Thursday, 2020-11-05.