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Earnings Call Summary | Cepton(CPTN.US) Q4 2023 Earnings Conference
Earnings Call Summary | Cepton(CPTN.US) Q4 2023 Earnings Conference
The following is a summary of the Cepton, Inc. (CPTN) Q4 2023 Earnings Call Transcript:
Financial Performance:
Cepton reported a record Q4 revenue of $5.0 million, an increase of 214% compared to the prior year period and up 29% from the previous quarter.
Their FY 2023 revenue stands at $13.1 million, a growth of 76% compared to the previous year.
Q4 GAAP net loss was $8.3 million or $0.52 loss per share.
As of December 31, 2023, the company had approximately $56.4 million in cash, cash equivalents, and short-term investments.
Business Progress:
Cepton launched the LiDAR product, Cepton Ultra, at the CES 2024 event, which is expected to strengthen its market position.
The company got selected on the 1260H list of global military companies by the U.S. government, marking a major step forward in their business progress.
Despite the cancellation of an order from their partner, Koito Manufacturing, Cepton has continued to secure project investment cost recovery. They have also made progress with a major autonomous industrial vehicles OEM using their near-range LiDAR product, Nova.
More details: Cepton IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the Cepton, Inc. (CPTN) Q4 2023 Earnings Call Transcript:
以下是赛普顿公司(CPTN)2023年第四季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Cepton reported a record Q4 revenue of $5.0 million, an increase of 214% compared to the prior year period and up 29% from the previous quarter.
Their FY 2023 revenue stands at $13.1 million, a growth of 76% compared to the previous year.
Q4 GAAP net loss was $8.3 million or $0.52 loss per share.
As of December 31, 2023, the company had approximately $56.4 million in cash, cash equivalents, and short-term investments.
Cepton报告了创纪录的第四季度收入为500万美元,与去年同期相比增长了214%,比上一季度增长了29%。
他们2023财年的收入为1310万美元,与上年相比增长了76%。
第四季度GAAP净亏损为830万美元,合每股亏损0.52美元。
截至2023年12月31日,该公司拥有约5,640万美元的现金、现金等价物和短期投资。
Business Progress:
业务进展:
Cepton launched the LiDAR product, Cepton Ultra, at the CES 2024 event, which is expected to strengthen its market position.
The company got selected on the 1260H list of global military companies by the U.S. government, marking a major step forward in their business progress.
Despite the cancellation of an order from their partner, Koito Manufacturing, Cepton has continued to secure project investment cost recovery. They have also made progress with a major autonomous industrial vehicles OEM using their near-range LiDAR product, Nova.
赛普顿在2024年国际消费电子展上推出了激光雷达产品Cepton Ultra,预计这将巩固其市场地位。
该公司被美国政府选入1260H全球军事公司名单,这标志着其业务进展向前迈出了重要一步。
尽管其合作伙伴Koito Manufacturing取消了订单,但Cepton仍继续确保项目投资成本回收。他们还在使用其近程激光雷达产品Nova的大型自动驾驶工业车辆原始设备制造商方面取得了进展。
More details: Cepton IR
更多详情: Cepton IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情,请访问投资者关系网站。本文仅供投资者参考,不构成任何投资建议。
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