Velodyne FY 2020 revenue declines 5.9% y/y to USD101.4 million

Financial results

Company shipped 11,710 lidar unit in 2020

Velodyne has reported 5.9% year-over-year (y/y) decline in revenue to USD101.4 million in the financial year ended 31 December 2020, the company said in a press release on 25 February. Product revenue declined 16% y/y to USD68.4 million while revenue from license and services increased 35.2% y/y to USD27 million.

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