Cepton Inc Stock Price, News & Analysis

Cepton, Inc. (Nasdaq: CPTN) announced its fourth quarter and full year 2022 results, reporting a revenue of $7.4 million, up 65% year-over-year. Significant achievements included closing a $100 million investment from Koito Manufacturing and preparing for OEM production launches of its lidar technology. The fourth quarter net loss was $15.3 million, while full-year net income reached $9.4 million. For 2023, Cepton expects revenue between $15 million and $20 million, maintaining operating expenses aligned with 2022 levels. Noteworthy advancements included the unveiling of the Vista®-X120 Plus lidar and securing a multi-million dollar contract for smart infrastructure.

Cepton, Inc. (NASDAQ: CPTN), a leader in high performance lidar solutions, has announced a business update and the financial results release for Q4 and full year 2022. The results will be disclosed after market close on March 14, 2023, followed by a conference call at 2:30 p.m. PT (5:30 p.m. ET). Interested parties can join the live call via toll-free numbers or through a webcast available on Cepton's Investor Relations page. This call will provide insights into Cepton's financial performance and future outlook.

Cepton, Inc. (NASDAQ: CPTN) has secured a multi-million dollar sales contract with a major U.S. highway tolling operator. This contract involves deploying Cepton's Sora series lidar sensors across several major tollways in the Tri-State area and Northern California, marking it as the largest commercial lidar deployment in tolling to date. The Sora lidars promise enhanced accuracy for electronic toll collection, reducing traffic congestion and potential revenue loss due to inaccuracies. Cepton aims to advance the use of lidar in smart infrastructure sectors, contributing to the broader infrastructure rebuilding initiative.

Cepton, Inc. (Nasdaq: CPTN), a leader in high-performance lidar solutions, announced its participation in two upcoming conferences. The Baird 2023 Vehicle Technology & Mobility Conference will take place virtually on February 15, 2023, featuring a fireside chat with CEO Dr. Jun Pei and CFO Hull Xu. Following this, the Citi 2023 Global Industrial Tech & Mobility Conference will occur in Miami, FL from February 21 to 23, 2023, with Hull Xu representing the company. Cepton aims to strengthen investor relations through these events, which will also include investor meetings for potential discussions. For more details, visit Cepton's investor page.

Cepton, Inc. (NASDAQ: CPTN), a leader in high-performance lidar solutions, announced the completion of a $100 million investment from its partner, Koito Manufacturing Co., Ltd., on January 19, 2023. This funding, in the form of convertible preferred stock, was approved by Cepton's stockholders on January 11, 2023. The investment is convertible into common stock at $2.585 per share starting from the first anniversary. Cepton plans to utilize this capital for growth and to enhance collaboration in automotive OEM programs, aiming for commercialization and scaling of its lidar products.

Cepton, Inc. (CPTN) announced that its shareholders have approved the issuance of 100,000 shares of Series A Convertible Preferred Stock to Koito Manufacturing for $100 million. This decision was made during a special meeting held on January 11, 2023, and the investment is expected to close on January 19, 2023. The stock issuance aligns with Cepton's ongoing collaboration with Koito, particularly in developing ADAS lidar solutions for the automotive sector. The final voting results will be disclosed in a Form 8-K filing with the SEC.

Cepton, Inc. (CPTN) has unveiled its new lidar, the Vista-X120 Plus, at CES 2023, boasting superior performance and power efficiency. This innovative lidar features a 500% increase in data rate and a 50% reduction in height, optimizing it for mass-market adoption. Recognized in the CES 2023 Innovation Awards, the Vista-X120 Plus aims to enhance vehicle safety and autonomy. With a target price below $500, its advanced capabilities position it for significant growth in the automotive sector. The company is focused on deploying this technology across leading global OEMs.

Cepton, Inc. (NASDAQ: CPTN), a leader in high-performance lidar solutions, will participate in the 21st Annual J.P. Morgan Tech/Auto Forum on January 5, 2023, at the Bellagio Hotel in Las Vegas, NV. CEO Dr. Jun Pei and CFO Hull Xu will engage in a fireside chat at 2:20 p.m. PST, which will be available for live audio streaming. Cepton is recognized for its innovations in automotive, smart cities, and industrial applications, aiming to commercialize lidar technology for various industries and having established partnerships with top global OEMs.

Cepton (NASDAQ: CPTN) announced plans to showcase its multi-lidar vehicle integration solutions at CES 2023 in Las Vegas from January 5-8. The company will present a Chevy Silverado and a Ford F-150 equipped with its latest lidar technology, enhancing both near-range and long-range detection capabilities. The new Vista®-X120 Plus lidar product, recognized as a CES 2023 Innovation Award honoree, will also be unveiled at the event. Cepton is collaborating with Koito to further advance automotive lighting solutions.