Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the third quarter ended September 30, 2024. "As we enter the fourth and final quarter of 2024, we are making significant strides in the commercialization of our lidar technology," said Jun Pei, Cepton's Co-Founder and CEO. "With an RFQ with a Top 10 global automotive OEM for our long-range lidar in its final stages and a growing pipeline of opportunities, we are well-positioned to further strengthen our leadership in the automotive lidar market. Additionally, the recently announced acquisition by Koito underscores o

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the second quarter ended June 30, 2024. "We are in the final stage of RFQ with a Top 10 global automotive OEM for our long-range lidar, and we anticipate final decision in the second half of this year," said Jun Pei, Cepton's Co-Founder and CEO. "We are excited about the next stage of Cepton's growth to better support our automotive OEM customers in the commercialization of our lidar technology." Business Highlights Signed an Agreement and Plan of Merger providing for the acquisition by Koito Manufacturing Co.

Cepton, Inc. ("Cepton") (Nasdaq ticker: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the first quarter 2024 ended March 31, 2024. "We started fiscal year 2024 with strong results in our commercial activities, securing a new series production award along with our tier 1 partner, Koito, from a global OEM for our near-range lidar," said Jun Pei, Cepton's Co-Founder and CEO. "We believe we have positioned ourselves as a leader in industrializing lidar for the automotive market." Business Highlights Automotive Secured a new series production award with a global OEM over a multi-year period fo

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today it will provide a business update and release its financial results for the first quarter of 2024 following the close of the market on Monday, May 13, 2024. Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m. ET) that same day. What: Cepton, Inc. First Quarter 2024 Results When: Monday, May 13, 2024 Time: 2:30 p.m. PT (5:30 p.m. ET) Live Call: Toll-free: 1-877-423-9813 International: 1-201-689-8573 Live Webcast: https://investors.cepton.com/ A telephonic replay of the conference call will be available approximately

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the fourth quarter and full year ended December 31, 2023. "We are building upon our extensive OEM project experience in commercializing automotive grade lidars, in collaboration with our tier 1 partner, to pursue sourcing wins with global OEMs," said Jun Pei, Cepton's Co-Founder and CEO. "At CES 2024, we showcased our best-in-class next generation product, Cepton Ultra, demonstrating our leadership in lidar innovation." Business Highlights Partnership with Koito Received non-binding indication of interest from l

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today it will provide a business update and release its financial results for the fourth quarter and full year 2023 following the close of the market on Thursday, March 28, 2024. Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m. ET) that same day. What: Cepton, Inc. Fourth Quarter and Full Year 2023 Results When: Thursday, March 28, 2024 Time: 2:30 p.m. PT (5:30 p.m. ET) Live Call: Toll-free: 1-877-423-9813 International: 1-201-689-8573 Live Webcast: https://investors.cepton.com/ A telephonic replay of the conference ca

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the third quarter ended September 30, 2023. "For the second consecutive quarter, we set new company records for shipment volumes for the automotive end market," said Jun Pei, Cepton's Co-Founder and CEO. "Our continued dedication to executing our milestones and increasing adoption in targeted smart application markets demonstrates our technology leadership in lidar." Business Highlights Series Production Execution Passed final software milestone for launch of series production, fully integrating AUTOSAR and cybe

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today it will provide a business update and release its financial results for the third quarter of 2023 following the close of the market on Thursday, November 9, 2023. Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m. ET) that same day. What: Cepton, Inc. Third Quarter 2023 Results When: Thursday, November 9, 2023 Time: 2:30 p.m. PT (5:30 p.m. ET) Live Call: Toll-free: 1-877-300-8521 International: 1-412-317-6026 Live Webcast: https://investors.cepton.com/ A telephonic replay of the conference call will be available ap

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the second quarter ended June 30, 2023. "We set new company records for shipment volumes across both automotive and smart infrastructure end markets during the second quarter," said Jun Pei, Cepton's Co-Founder and CEO. "Our strong execution capabilities while maintaining our commitment to quality and reliability will be key differentiating factors as our shipments continue to grow for the remainder of this year to meet our OEM customer needs." Business Highlights Business Record shipments of lidar units in both

Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today it will provide a business update and release its financial results for the second quarter of 2023 following the close of the market on Monday, August 7, 2023. Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m. ET) that same day. What: Cepton, Inc. Second Quarter 2023 Results When: Monday, August 7, 2023 Time: 2:30 p.m. PT (5:30 p.m. ET) Live Call: Toll-free: 1-877-423-9813 International: 1-201-689-8573 Live Webcast: https://investors.cepton.com/ A telephonic replay of the conference call will be available approxim

Cepton (NASDAQ:CPTN) reported quarterly losses of $(0.52) per share which beat the analyst consensus estimate of $(0.66) by 21.21 percent. This is a 28.77 percent increase over losses of $(0.73) per share from the same period last year. The company reported quarterly sales of $1.946 million which missed the analyst consensus estimate of $4.400 million by 55.77 percent. This is a 31.04 percent increase over sales of $1.485 million the same period last year.

Key development contract to jump-start execution of new OEM programCepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the "Agreement") with its long-term automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. ("Koito") (TSE: 7276) on May 9, 2024.The contract will fuel Cepton's customer-specific product development and program execution efforts for its near-range lidar. © Cepton, Inc.Under the terms of the Agreement, Koito will provide Cepton with a tot

Cepton (NASDAQ:CPTN) reported its Q4 earnings results on Thursday, March 28, 2024 at 04:10 PM. Here's what investors need to know about the announcement. Earnings Cepton beat estimated earnings by 45.0%, reporting an EPS of $-0.41 versus an estimate of $-0.74. Revenue was up $3.38 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.34 which was followed by a 5.0% drop in the share price the next day. Here's a look at Cepton's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.92 -0.7 -1 -1 EPS Actual -0.58 -0.8 -0.7 -0.9 Revenue Estimate 5.12M 3.30M 2.06M 2.32M Revenue Actual 3.83M 2.79M 1.49M 1.58M

Cepton (NASDAQ:CPTN) reported quarterly losses of $(0.41) per share which beat the analyst consensus estimate of $(0.74) by 44.59 percent. This is a 54.44 percent increase over losses of $(0.90) per share from the same period last year. The company reported quarterly sales of $4.95 million which beat the analyst consensus estimate of $2.46 million by 101.26 percent. This is a 214.15 percent increase over sales of $1.58 million the same period last year.

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Cepton (NASDAQ:CPTN) is set to give its latest quarterly earnings report on Thursday, 2024-03-28. Here's what investors need to know before the announcement. Analysts estimate that Cepton will report an earnings per share (EPS) of $-0.74. Cepton bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.34, which was followed by a 4.76% drop in the share price the next day.

- SEC Filing

Gainers BIO-key Intl (NASDAQ:BKYI) shares rose 6.1% to $3.82 during Thursday's after-market session. The company's market cap stands at $3.5 million. Movella Holdings (NASDAQ:MVLA) stock rose 5.22% to $0.78. The company's market cap stands at $39.7 million. Airspan Networks Hldgs (AMEX:MIMO) stock moved upwards by 4.89% to $0.1. The company's market cap stands at $7.2 million. Verb Tech (NASDAQ:VERB) stock increased by 4.04% to $0.18. The company's market cap stands at $3.4 million. Intrusion (NASDAQ:INTZ) shares rose 3.33% to $0.26. The market value of their outstanding shares is at $9.0 million. Cepton (NASDAQ:CPTN) shares increased by 3.12% to $3.3. The company's market cap stands a

Craig Hallum downgraded Cepton from Buy to Hold and set a new price target of $2.50

JP Morgan initiated coverage of Cepton with a rating of Neutral

Northland Capital initiated coverage of Cepton with a rating of Outperform and set a new price target of $5.50

RBC Capital Mkts initiated coverage of Cepton with a rating of Sector Perform and set a new price target of $4.00

Craig Hallum initiated coverage of Cepton with a rating of Buy and set a new price target of $19.00

Maxim Group initiated coverage of Cepton with a rating of Buy and set a new price target of $22.00