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Earnings Call Summary | Cepton(CPTN.US) Q4 2023 Earnings Conference

moomoo AI ·  Mar 28 23:20  · Conference Call

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.

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