2023-08-09 06:09:26 ET
- Valens Semiconductor press release ( NYSE: VLN ): Q2 Non-GAAP EPS of $0.00 beats by $0.05 .
- Revenue of $24.2M (+7.6% Y/Y) beats by $0.23M .
- For the third quarter 2023, the company is reaffirming its revenues guidance at the range between $14.0 million and $14.2 million.
- Gross margin guidance is expected to range between 57.6% and 58.0% and Adjusted EBITDA loss is expected to be in the range of $(12.2) million to $(11.9) million.
- For FY23, Revenues are expected to range between $83.8 million and $84.2 million, of which automotive revenues are expected to approximate 30%.
- Gross margin for the full year 2023 is now expected to range between 62.2% and 62.5%.
- Adjusted EBITDA loss in 2023 is now expected to be in the range of $(16.2) million to $(15.6) million.
For further details see:
Valens Semiconductor Non-GAAP EPS of $0.00 beats by $0.05, revenue of $24.2M beats by $0.23M