Cepton, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:08 pm EDT
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Cepton, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2.77 million compared to USD 1.44 million a year ago. Revenue was USD 2.79 million compared to USD 2.56 million a year ago. Net loss was USD 14.19 million compared to net income of USD 0.843 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 0.1 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 0.1 a year ago.
For the six months, sales was USD 4.01 million compared to USD 2.86 million a year ago. Revenue was USD 4.27 million compared to USD 4.04 million a year ago. Net loss was USD 28.93 million compared to net income of USD 42.04 million a year ago. Basic loss per share from continuing operations was USD 1.8 compared to basic earnings per share from continuing operations of USD 3.1 a year ago. Diluted loss per share from continuing operations was USD 1.8 compared to diluted earnings per share from continuing operations of USD 2.9 a year ago.
Cepton, Inc. is an innovator of light detection and ranging (lidar)-based solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications. It offers near-range lidars, long-range lidars and ultra-long-range lidars, automotive software and smart lidar systems that include its perception software. Its solutions include industrial and automotive grade lidars. For mass market automotive advanced driver assistance systems (ADAS) applications, it also sells components and license technologies to tier 1 suppliers to enable them to manufacture lidars in high volume and sell to original equipment manufacturers customers. Its customers can enable safety and autonomy applications across a range of end-markets, including its primary market. It offers a comprehensive lidar solutions platform comprised of both hardware and software. It also offers intelligent, smart lidar perception solutions by combining lidar sensors with its advanced Helius perception software.
CEPTON, INC. 
