Cepton Inc Stock Price, News & Analysis

Cepton, Inc. (NASDAQ: CPTN), a leader in high performance MMT® lidar solutions, announced that CEO Dr. Jun Pei will participate in the Maxim Virtual Growth Conference on March 29, 2022. He is set to join the panel discussion titled “Taking the Wheel: Making Cars and Mobility Smarter” at 11:00 a.m. ET. Interested viewers can register for a live webcast at this link. Cepton's innovative lidar solutions serve various sectors, including automotive and smart cities.

Cepton, Inc. (NASDAQ: CPTN) has been designated as the official sponsor and exclusive lidar supplier for the AutoDrive Challenge™ II, a four-year competition co-hosted by General Motors and SAE International. This program involves ten universities across North America developing autonomous vehicles under SAE Level 4 automation. Cepton will supply its advanced lidar technology to enhance the participants' autonomous driving capabilities, emphasizing the critical role of lidar in the future of automotive safety and autonomous mobility.

Cepton, Inc. (Nasdaq: CPTN) announced significant milestones in its fourth quarter and full-year results for 2021. Following its public listing in February 2022, the company reported a revenue increase of 124% year-over-year to $4.5 million, despite a net loss of $37.1 million. Key developments include a series production award from General Motors for the Ultra Cruise program and ongoing engagements with multiple top automotive OEMs. Cepton aims for $15 million in revenue for 2022 while maintaining liquidity above $100 million by year-end.

Cepton Inc. (Nasdaq: CPTN) has announced it will provide a business update and release its financial results for the full year 2021 on March 10, 2022, after market close. A conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) the same day, accessible via phone at 844-826-3035 and via webcast at investors.cepton.com. Cepton, headquartered in San Jose, CA, specializes in high-performance lidar solutions for various industries, aiming for mass-market commercialization.

Cepton Inc. (NASDAQ: CPTN) has announced a broadcast titled, “Lidar Leading the Way to Safe Self-Driving Cars.” Lidar technology is pivotal for autonomous vehicles, enhancing distance measurement via laser light compared to traditional methods. Cepton's innovative Micro-Motion Technology (MMT) addresses performance and integration challenges in automotive applications. The company holds the largest known ADAS lidar production award for General Motors’ Ultra Cruise program and is collaborating with other top OEMs, aiming for mainstream lidar commercialization.

Cepton Inc. (NASDAQ: CPTN) has been featured in a recent editorial by NetworkNewsWire, highlighting the growing significance of lidar technology in autonomous driving. The company is noted for its patented Micro Motion Technology, which aims to enhance safety in self-driving vehicles. Cepton recently received a substantial ADAS lidar production award to support General Motors’ Ultra Cruise program, marking a key milestone in its partnership with top global OEMs. The publication underscores the imminent mass adoption of autonomous vehicles and Cepton's pivotal role in this transformation.

Cepton, Inc. has partnered with Fibre Based Integrations to develop lidar-based vehicle detection systems in Cape Town, South Africa. This collaboration aims to enhance smart transportation infrastructure by accurately monitoring lane usage and identifying vehicles inappropriately using designated bus lanes. Utilizing Cepton's Helius® Smart Lidar System and Vista®-P lidar sensors, the initiative is focused on improving traffic flow and safety. Lidar technology offers high accuracy, real-time analytics, and privacy protection for city-wide traffic management.

Cepton, Inc. (Nasdaq: CPTN), a leader in high-performance MMT® lidar solutions, has announced its participation in two upcoming investor conferences. The Cowen’s 2nd Annual Mobility Disruption Conference is set for March 2, 2022, with a presentation from 11:40 AM to 12:10 PM ET. The Berenberg Industrial Technologies Conference will follow on March 3, 2022, featuring a panel discussion at 11:00 AM. Cepton management will also hold investor meetings during these events. Webcasts and additional information can be accessed through Cepton's investor relations website.

Trinity Capital has provided a $25 million growth capital facility to Cepton Technologies, aiding in its merger with Growth Capital Acquisition Corp, now Cepton Inc. (Nasdaq: CPTN). The agreement allows Cepton to immediately draw $10 million and an additional $15 million by July 1, 2022. Cepton plans to use these funds to scale operations for its lidar-based technologies across various sectors. Trinity's Managing Director emphasized the strategic fit of Cepton’s innovations in the market.