Velodyne Lidar, Inc. (VLDR) Misses Q4 EPS by 1c, Revenues Beat

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Velodyne Lidar Reports Fourth Quarter and Full Year 2020 Financial Results

February 25, 2021 4:07 PM EST

2020 annual revenue of $95.4 million Fourth quarter shipments were a record 4,237 units, including 718 solid state units $350.3 million of cash and short-term investments on the balance sheet at December 31, 2020 Strong future outlook supported by pipeline of 194 projects at February 19, 2021

SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the first pure-play public lidar company, today announced financial results for its fourth quarter and year ended December 31, 2020.

Dr. Anand Gopalan, CEO of Velodyne Lidar, commented, Velodyne has continued to demonstrate its market leadership with a strong track record of... More