Valens Semiconductor Ltd

NYSE:VLN   4:00:00 PM EDT
5.17
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Valens Semiconductor Reports Third Quarter 2022 Results

Published: 11/09/2022 11:26 GMT
Valens Semiconductor Ltd (VLN) - Valens Semiconductor Reports Third Quarter 2022 Results.
Sees FY Revenue $90.3 Million to $90.4 Million.
In Automotive, Expect to Double Our Revenues in 2022 Versus 2021 and Expect to Further Double in 2023 Compared to 2022.
Quarterly Revenues of $23.1 Million, Up 21.3% From Q3 2021 and Up 2.9% From Q2 2022.
For Q4 of 2022, Revenues Are Expected to Range Between $23.1 Million and $23.2 Million.
For Full Year 2022, Company Now Expects Revenues to Range Between $90.3 Million and $90.4 Million.
Qtrly Non-GAAP Loss per Share (in U.S. Dollars) $0.02.
Q3 Earnings per Share View $-0.08, Revenue View $22.6 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $-0.31, Revenue View $89.5 Million -- Refinitiv Ibes Data (analyst estimates).