NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) A
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Posted On: 11/10/2023 3:13:08 PM
NetworkNewsBreaks – Cepton Inc. (NASDAQ: CPTN) Announces Q3 2023 Results
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has announced business updates and financial results for the third quarter ended Sept. 30, 2023. Among the highlights, the company reported $3.8 million in total revenue for the third quarter of 2023, an increase of 112% compared to the prior year comparable period and 38% sequentially. The company attributed revenue growth to record shipment volumes. “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.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, has announced business updates and financial results for the third quarter ended Sept. 30, 2023. Among the highlights, the company reported $3.8 million in total revenue for the third quarter of 2023, an increase of 112% compared to the prior year comparable period and 38% sequentially. The company attributed revenue growth to record shipment volumes. “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.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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