Cepton, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 1.24 million compared to USD 1.49 million a year ago. Revenue was USD 1.49 million compared to USD 1.49 million a year ago.

Net loss was USD 14.74 million compared to net income of USD 41.2 million a year ago. Basic loss per share from continuing operations was USD 0.9 compared to basic earnings per share from continuing operations of USD 3.6 a year ago. Diluted loss per share from continuing operations was USD 0.9 compared to diluted earnings per share from continuing operations of USD 3.2 a year ago.