OverviewSuggest Edit

Velodyne LiDAR is a company providing lidar solutions for autonomy and driver assistance. It offers surround, directional, and close range sensors as well as Vella, a driver assistance software solution that delivers lane-keeping assist (LKA), automatic emergency braking (AEB), and adaptive cruise control (ACC) functionalities. The company serves the trucking, mapping, industrial, ADAs, drone, UAV (unmanned autonomous vehicle), robotics, smart city, and security industries.
TypePublic
Founded1983
HQSan Jose, CA, US
Websitevelodynelidar.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2020)309
Job Openings70
Revenue (FY, 2020)$95.4 M(-5%)
Share Price (Sept 2021)$6.4(+3%)
Cybersecurity ratingBMore

Key People/Management at Velodyne

Jim Barnhart

Jim Barnhart

Chief Operating Officer
Matt Rekow

Matt Rekow

Chief Technology Officer
Drew Hamer

Drew Hamer

Chief Financial Officer
Mircea Gradu

Mircea Gradu

SVP of Product and Quality
Sally Frykman

Sally Frykman

Chief Marketing Officer
Kathy McBeath

Kathy McBeath

Chief People Officer
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Velodyne Office Locations

Velodyne has offices in San Jose, Alameda, Beijing, Rüsselsheim am Main and in 1 other location
San Jose, CA, US (HQ)
5521 Hellyer Ave
Alameda, CA, US
1080 Marina Village Pkwy #100
Beijing, CN
No.52 North Fourth Ring Road West
Rüsselsheim am Main, DE
Marktstraße 32-34
Bengaluru, IN
43, Residency Rd, Srinivas Nagar, Shanthala Nagar, Ashok Nagar
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Velodyne Financials and Metrics

Velodyne Revenue

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Velodyne's revenue was reported to be $95.36 m in FY, 2020 which is a 6% decrease from the previous period.
USD

Revenue (Q2, 2021)

13.6m

Gross profit (Q2, 2021)

(5.8m)

Gross profit margin (Q2, 2021), %

(42.5%)

Net income (Q2, 2021)

(79.2m)

EBIT (Q2, 2021)

(89.1m)

Market capitalization (23-Sept-2021)

1.2b

Closing stock price (23-Sept-2021)

6.4

Cash (30-Jun-2021)

76.1m
Velodyne's current market capitalization is $1.2 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

142.9m101.4m95.4m

Revenue growth, %

(29%)(6%)

Cost of goods sold

112.1m71.6m70.2m

Gross profit

30.9m29.8m25.1m
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

13.5m17.0m28.4m32.1m17.7m13.6m

Cost of goods sold

14.6m15.4m14.5m17.1m15.8m19.4m

Gross profit

(1.1m)1.6m13.9m15.0m1.9m(5.8m)

Gross profit Margin, %

(8%)9%49%47%11%(43%)
Annual
USDFY, 2019FY, 2020

Cash

60.0m204.6m

Accounts Receivable

11.9m14.0m

Inventories

15.0m18.1m

Current Assets

102.0m404.7m
Quarterly
USDQ3, 2020Q1, 2021Q2, 2021

Cash

297.9m155.2m76.1m

Accounts Receivable

19.4m13.5m9.5m

Inventories

16.4m20.9m16.7m

Current Assets

344.6m430.0m390.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(62.3m)(67.2m)(149.9m)

Depreciation and Amortization

6.8m8.0m8.4m

Inventories

21.3m(850.0k)1.6m

Accounts Payable

(4.4m)(45.0k)687.0k
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(38.5m)(23.4m)(33.1m)(38.4m)(40.8m)(120.1m)

Depreciation and Amortization

5.8m2.2m4.3m6.3m2.1m4.1m

Inventories

(2.1m)(154.0k)2.2m3.3m(2.8m)1.5m

Accounts Payable

4.6m4.6m645.0k3.2m(3.9m)(1.7m)
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Velodyne Operating Metrics

Velodyne's Customers was reported to be 250 in Jun, 2019.
Mar, 2019Jun, 2019May, 2020

Laser Sensors Shipped to Date, units

30 k

Laser Sensors Shipped to Date

$500 m

Customers

250

Products

12
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Velodyne Acquisitions / Subsidiaries

Company NameDateDeal Size
Mapper.aiJuly 03, 2019$2.47 m
Velodyne Lidar USA, Inc.

Velodyne Revenue Breakdown

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Velodyne revenue breakdown by business segment: 71.7% from Products and 28.3% from License and Services

Velodyne revenue breakdown by geographic segment: 43.2% from North America, 41.2% from Asia Pacific and 15.5% from Europe, Middle East and Africa

Velodyne Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Velodyne Online and Social Media Presence

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Velodyne News and Updates

pinned

The billion-dollar widget steering the driverless car industry

No matter what it took, David Hall was going to kill that clown. He maneuvered Drillzilla for another ramming run. The robot was squat and heavy, with serrated blades coming off one end and a sharp drill whirling on the other. Across the arena, Conquering Clown awaited. It had the face of a goofy jo…

Velodyne Showcases Advanced Lidar and Software Solutions for Intelligent Transportation Systems and Mobile Applications at IAA Mobility

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) will demonstrate its innovative lidar technologies at IAA Mobility (Hall B3, Booth A75) from Sept. 7 to 12 in Munich. Velodyne will display its technology leadership and product breadth in lidar sensors and software. Velodyne’s solutions power autonomous ap…

Velodyne Lidar to Participate in Upcoming September Conferences

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), the leading lidar company, known worldwide for its broad portfolio of breakthrough lidar technologies, announces participation in the upcoming September conferences.

Velodyne Lidar and MOV.AI Partner to Provide Autonomous Solutions for Industrial and E-Commerce Robotics

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) and MOV.AI today announced the companies are collaborating to provide robot manufacturers with enterprise-grade automation solutions, including mapping, navigation, obstacle avoidance and risk avoidance. The MOV.AI Robotics Engine Platform™, combined with …

Velodyne Lidar Announces Multi-Year Sales Agreement with Renu Robotics

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a multi-year agreement to provide its Puck™ lidar sensors to Renu Robotics, an industry leader in autonomous vegetation management systems. Renu Robotics’ Renubot, a fully autonomous, all-electric mower, helps solar and energy facilities cut…

Velodyne Lidar Responds to David Hall’s Latest False Statements

Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) today responded to the latest false statements contained in David Hall’s August 23, 2021 open letter to the Company’s Board of Directors (the “Board”). The Company believes that this latest missive from David Hall is part of an ongoing, self-serving and dec…
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Velodyne Blogs

Velodyne Lidar Leadership Spotlight: Partha Narasimhan

Partha Narasimhan recently joined Velodyne as Vice President of Engineering and Managing Director of the India Design Center. Partha is... The post Velodyne Lidar Leadership Spotlight: Partha Narasimhan appeared first on Velodyne Lidar.

Lidar Technology Safeguards Privacy in Security and Infrastructure

Concerns about data privacy and protection against misuse have accompanied the adoption of smart city technologies, as we have previously... The post Lidar Technology Safeguards Privacy in Security and Infrastructure appeared first on Velodyne Lidar.

Velodyne Lidar Leadership Spotlight: Christina Aizcorbe

Christina Aizcorbe, Vice President of Government Affairs, shares her background and Velodyne Lidar’s priorities in the public sector. The post Velodyne Lidar Leadership Spotlight: Christina Aizcorbe appeared first on Velodyne Lidar.

How Lidar Sensor Choices Can Impact Electric Vehicle (EV) Power Efficiency

A look at how lidar and power consumption impact the power efficiency and sustainability of electric vehicles and autonomous vehicles. The post How Lidar Sensor Choices Can Impact Electric Vehicle (EV) Power Efficiency appeared first on Velodyne Lidar.

Twelve years of innovation and Velodyne Lidar is just getting warmed up

For over a decade, Velodyne has been leading the way in lidar solutions uniquely suited to deliver flexibility, quality and performance. The post Twelve years of innovation and Velodyne Lidar is just getting warmed up appeared first on Velodyne Lidar.

3D Lidar Helping to Improve Security and Traffic Safety Applications with COM-IoT

An interview with Mohamed Sadek, Founder, COM-IoT Technologies, discussing how AI and lidar improve physical security and traffic safety. The post 3D Lidar Helping to Improve Security and Traffic Safety Applications with COM-IoT appeared first on Velodyne Lidar.
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Velodyne Frequently Asked Questions

  • When was Velodyne founded?

    Velodyne was founded in 1983.

  • Who are Velodyne key executives?

    Velodyne's key executives are Jim Barnhart, Matt Rekow and Drew Hamer.

  • How many employees does Velodyne have?

    Velodyne has 309 employees.

  • What is Velodyne revenue?

    Latest Velodyne annual revenue is $95.4 m.

  • What is Velodyne revenue per employee?

    Latest Velodyne revenue per employee is $308.6 k.

  • Who are Velodyne competitors?

    Competitors of Velodyne include AEye, Livox and Benewake.

  • Where is Velodyne headquarters?

    Velodyne headquarters is located at 5521 Hellyer Ave, San Jose.

  • Where are Velodyne offices?

    Velodyne has offices in San Jose, Alameda, Beijing, Rüsselsheim am Main and in 1 other location.

  • How many offices does Velodyne have?

    Velodyne has 5 offices.