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Velodyne Lidar Posts Narrower Q1 Non-GAAP Loss; Issues 2021 Outlook

05/11/2021 02:15

06:04 AM EDT, 05/11/2021 (MT Newswires) -- Velodyne Lidar (VLDR) reported Monday Q1 a non-GAAP net loss of $0.14 per diluted share, compared with a loss of $0.19 a year ago.

Analysts polled by Capital IQ were looking for a loss of $0.12.

Total revenue stood at $17.7 million, up from $17 million a year ago. The consensus estimate was $15.8 million.

Looking ahead, the company expects revenue for the full year to range between $77 million and $94 million. Analysts expect $93.6 million.

Shares were down 4.6% in recent pre-bell activity Tuesday.

Price: 10.85, Change: -0.53, Percent Change: -4.66