VLN - Valens Semiconductor Non-GAAP EPS of -$0.03 beats by $0.05 revenue of $23.47M beats by $0.32M
- Valens Semiconductor press release ( NYSE: VLN ): Q4 Non-GAAP EPS of -$0.03 beats by $0.05 .
- Revenue of $23.47M (+13.2% Y/Y) beats by $0.32M .
- "For the first quarter of 2023, revenues are expected to range between $23.6 million and $23.8 million(consensus of $23.88M). We expect some of our customers who have accrued inventory during the constrained supply environment to consume their inventory during the first half of the year. Gross margin is expected to range between 63.0% and 63.4%, reflecting the higher portion of revenues from our automotive business. Adjusted EBITDA loss is expected to be in the range of $(6.5) million to $(5.9) million.
-
"For the full year 2023, the company expects revenues to range between $97 million and $100 million(consensus $112.01M). We expect sales growth to be a little bit steeper in the second half of the year. Gross margin for the full year 2023 is expected to range between 62.0% and 62.7%, as we anticipate substantially more automotive revenue in 2023 compared to 2022, up from 18% of our total annual revenues in 2022, to a range of 27%-29% in 2023.
"Adjusted EBITDA loss in 2023, is expected to be in the range of $(15.4) million to $(13.6) million. We remain on track to achieve Adjusted EBITDA breakeven by the end of 2023, and to be cashflow positive starting in 2024," concluded Heldenberg.
-
For further details see:
Valens Semiconductor Non-GAAP EPS of -$0.03 beats by $0.05, revenue of $23.47M beats by $0.32M