- Cepton, Inc. recently published its 4Q22 and FY22 financial results
- The company revealed that it had generated FY22 revenues of $7.4 million, up by 65% relative to FY21 results. Furthermore, Cepton guided for FY23 revenues of $15-20 million
- Cepton is at the forefront of lidar technology development, a position they’ve further consolidated with the recent launch of their award-winning Vista® X-120 Plus sensors
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and pioneer within high-performance MMT® lidar solutions, recently announced their financial results for the fourth quarter and full year ending December 31, 2022 (https://ibn.fm/6wp95). The company reported full year 2022 revenues of $7.4 million, within the target guidance provided by Cepton earlier in the year and equivalent to a 65 percent increase year over year. Meanwhile, full year GAAP net income was equivalent to $9.4 million or $0.06 per share. During their release, Cepton provided guidance for their 2023 figures, forecasting full year 2023 revenues to come in at between $15 million to $20 million; meanwhile, the company revealed that they expected 2023 operating expenses to be in line with 2022’s results (i.e., $61.4 million).
The past year has been a momentous one for the company, punctuated by a series of operational and financial highlights. Whether it was unveiling their award-winning Vista® X-120 Plus, the slimmest software definable, top-end automotive lidar for real-time adaptive 3D perception; winning a…
NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN
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