Cepton, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
August 12, 2024 at 04:04 pm EDT
Cepton, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 0.374 million compared to USD 2.77 million a year ago. Revenue was USD 10.43 million compared to USD 2.79 million a year ago. Net income was USD 0.181 million compared to net loss of USD 14.19 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.97 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.97 a year ago.
For the six months, sales was USD 1.52 million compared to USD 4.01 million a year ago. Revenue was USD 12.37 million compared to USD 4.27 million a year ago. Net loss was USD 6.65 million compared to USD 28.93 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 1.96 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to USD 1.96 a year ago.