Valens Semiconductor Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 14.17 million compared to USD 23.14 million a year ago. Net loss was USD 12.49 million compared to USD 5.31 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.05 a year ago.
For the nine months, sales was USD 62.22 million compared to USD 67.24 million a year ago. Net loss was USD 22.45 million compared to USD 20.35 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.21 a year ago.