Cepton, Inc. provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, and internationally. The company offers auto grade lidar sensors, including Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; Vista-T, a lidar solution with a range of up to 300m for ultra-long-range applications in ADAS L2+/L3 and AV L4/L5; and Nova, an ultra-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications. It also provides industrial grade lidar sensors, such as Vista-P, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and smart infrastructure applications; and Sora-P, an ultra-high scan rate, compact, and quasi line-scanning lidar solution that delivers high-fidelity profiling of objects moving at high speeds for free flow tolling and other industrial applications. The company was founded in 2016 and is headquartered in San Jose, California.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.cepton.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/14/2023 | $2.50 | Buy → Hold | Craig Hallum |
| 9/20/2022 | Neutral | JP Morgan | |
| 6/29/2022 | $5.50 | Outperform | Northland Capital |
| 3/22/2022 | $4.00 | Sector Perform | RBC Capital Mkts |
| 3/16/2022 | $19.00 | Buy | Craig Hallum |
| 2/23/2022 | $22.00 | Buy | Maxim Group |
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Automotive and semiconductor industry veteran continues to enable business growth by driving commercial strategy and execution as Cepton expands leadership in lidar adoption Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, today announced the appointment of Mitch Hourtienne to Chief Commercial Officer, overseeing the Company's business growth and market success. In the newly created role, Mr. Hourtienne will continue to lead Cepton's business development, product management and marketing teams to solidify the Company's leadership in automotive and smart infrastructure markets and strengthen strategic partn
Stanford Ph.D. and proven industry veteran continues to drive operational excellence as Cepton readies for scale production Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced the appointment of Dr. Liqun Han to Chief Operating Offer, overseeing the Company's product development and operations teams. In the newly created role, Dr. Han will continue to lead execution of Cepton's flagship ADAS lidar program and drive product success to support the Company's growing presence across automotive and smart infrastructure markets. Since joining the Company in 2016, Dr. Han has led Cepton's product
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced the appointment of Paul Anawalt to the newly created position of General Counsel, effective today. Dr. Jun Pei, Cepton's Co-Founder, Chairman and CEO said: "On behalf of the company I would like to welcome Paul to Cepton. He will be a great addition to our executive team. Cepton is enabling safe and autonomous transportation for everyone. As our General Counsel, Paul's work will help Cepton accelerate our commercial success and help shape the lidar industry." Mr. Anawalt joins Cepton from the Intel Corporation and is a seasoned lawyer with more than 25 yea
Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced the appointment of Hull Xu, the Company's Vice President of Finance and Strategy, to the position of Chief Financial Officer, effective today. Mr. Xu will succeed Dr. Winston Fu, Ph.D., who will remain with the Company as an advisor on strategic projects. Dr. Fu will also remain on the board of directors and become Vice Chairman. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220405005512/en/Cepton appoints Hull Xu, the Company's Vice President of Finance and Strategy, to the position of Chief Fin
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
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, 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.
After closing of the proposed transaction, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S., with corporate headquarters in San Jose, CA. Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications. The proposed transaction is poised to accelerate the commercialization of Cepton's lidar technology through increased financial stability and scalability. The integration of Cepton through the proposed transaction is expected to enhance Koito's capabilities in automotive sensing solutions with strengthened technology advancement, product offer
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
Key development contract to jump-start execution of new OEM program Cepton, 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513780038/en/The contract will fuel Cepton's customer-specific product development and progr
Powerful 3D point cloud simulation platform to expedite ADAS and AV development and reduce implementation costs for automotive customers Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, today announced the unveiling of its proprietary lidar simulation platform, StudioViz™. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506815249/en/ Developed by Cepton's in-house software teams, StudioViz aims to streamline lidar adoption processes from productization to deployment, helping automotive Original Equipment Manu
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
World's slimmest lidar packs Cepton's groundbreaking MagnoSteer™ technology and proprietary ASIC chipset, enabling an unprecedented combination of 300 m range and 0.05° resolution at 12 W power consumption Cepton, Inc. ("Cepton" or the "Company") (NASDAQ:CPTN), a Silicon Valley innovator of high-performance lidar solutions, announced today the unveiling of its new flagship automotive lidar, Ultra. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240108365365/en/Ultra is the world's slimmest adaptive, long-range lidar, designed based on real OEM requirements for next-generation consumer vehicle ADAS and automated driving capabili
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
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