/C O R R E C T I O N -- Valens Semiconductor/
Valens Semiconductor (NYSE:VLN) reported Q2 2025 financial results with revenues of $17.1 million, exceeding guidance and up from $13.6 million in Q2 2024. The company achieved a GAAP gross margin of 63.5% and maintained a strong cash position of $102.7 million.
Cross-Industry Business (CIB) revenues represented 75% of total revenue at $12.8 million, while Automotive segment contributed 25% at $4.3 million. Due to tariff impacts, Valens revised its full-year 2025 revenue guidance to $66-71 million, still representing 14-23% growth from 2024.
The company reported progress in ProAV and Industrial machine vision markets, with VS3000 chipset-based products increasing from 100 to 150. Q2 GAAP net loss was $(7.2) million, improving from $(8.9) million in Q2 2024.
Valens Semiconductor (NYSE:VLN) ha annunciato i risultati finanziari del secondo trimestre 2025 con ricavi di 17,1 milioni di dollari, superando le previsioni e in crescita rispetto ai 13,6 milioni di dollari del secondo trimestre 2024. L'azienda ha raggiunto un margine lordo GAAP del 63,5% e ha mantenuto una solida posizione di cassa di 102,7 milioni di dollari.
I ricavi del settore Cross-Industry Business (CIB) hanno rappresentato il 75% del totale, pari a 12,8 milioni di dollari, mentre il segmento Automotive ha contribuito per il 25% con 4,3 milioni di dollari. A causa degli impatti tariffari, Valens ha rivisto le previsioni di ricavi per l'intero 2025 a 66-71 milioni di dollari, comunque in crescita del 14-23% rispetto al 2024.
L'azienda ha riportato progressi nei mercati ProAV e della visione industriale, con i prodotti basati sul chipset VS3000 aumentati da 100 a 150. La perdita netta GAAP del secondo trimestre è stata di 7,2 milioni di dollari, migliorando rispetto agli 8,9 milioni di dollari del secondo trimestre 2024.
Valens Semiconductor (NYSE:VLN) informó los resultados financieros del segundo trimestre de 2025 con ingresos de 17,1 millones de dólares, superando las previsiones y aumentando desde los 13,6 millones de dólares del segundo trimestre de 2024. La compañía logró un margen bruto GAAP del 63,5% y mantuvo una sólida posición de efectivo de 102,7 millones de dólares.
Los ingresos del negocio Cross-Industry Business (CIB) representaron el 75% del total, con 12,8 millones de dólares, mientras que el segmento Automotriz contribuyó con un 25%, es decir, 4,3 millones de dólares. Debido a los impactos arancelarios, Valens revisó su guía de ingresos para todo el año 2025 a 66-71 millones de dólares, lo que aún representa un crecimiento del 14-23% respecto a 2024.
La compañía reportó avances en los mercados ProAV y de visión industrial, con productos basados en el chipset VS3000 aumentando de 100 a 150. La pérdida neta GAAP del segundo trimestre fue de 7,2 millones de dólares, mejorando desde los 8,9 millones de dólares del segundo trimestre de 2024.
Valens Semiconductor (NYSE:VLN)는 2025년 2분기 재무 실적을 발표하며 매출 1,710만 달러를 기록해 가이던스를 상회하고 2024년 2분기의 1,360만 달러에서 증가했습니다. 회사는 GAAP 총이익률 63.5%를 달성했으며, 1억 270만 달러의 강력한 현금 보유고를 유지했습니다.
Cross-Industry Business(CIB) 매출은 전체 매출의 75%인 1,280만 달러를 차지했고, 자동차 부문은 25%인 430만 달러를 기여했습니다. 관세 영향으로 인해 Valens는 2025년 연간 매출 가이던스를 6,600만~7,100만 달러로 조정했으며, 이는 2024년 대비 14~23% 성장에 해당합니다.
회사는 ProAV 및 산업용 머신 비전 시장에서 진전을 보고했으며, VS3000 칩셋 기반 제품 수는 100개에서 150개로 증가했습니다. 2분기 GAAP 순손실은 720만 달러로, 2024년 2분기의 890만 달러 손실에서 개선되었습니다.
Valens Semiconductor (NYSE:VLN) a publié ses résultats financiers du deuxième trimestre 2025 avec des revenus de 17,1 millions de dollars, dépassant les prévisions et en hausse par rapport à 13,6 millions de dollars au deuxième trimestre 2024. La société a atteint une marge brute GAAP de 63,5% et a maintenu une solide position de trésorerie de 102,7 millions de dollars.
Les revenus du secteur Cross-Industry Business (CIB) représentaient 75% du chiffre d'affaires total, soit 12,8 millions de dollars, tandis que le segment automobile a contribué pour 25%, soit 4,3 millions de dollars. En raison des impacts tarifaires, Valens a révisé ses prévisions de revenus pour l'ensemble de l'année 2025 à 66-71 millions de dollars, ce qui représente toujours une croissance de 14 à 23 % par rapport à 2024.
La société a signalé des progrès sur les marchés ProAV et de la vision industrielle, avec une augmentation des produits basés sur le chipset VS3000 passant de 100 à 150. La perte nette GAAP du deuxième trimestre s’est élevée à 7,2 millions de dollars, en amélioration par rapport à 8,9 millions de dollars au deuxième trimestre 2024.
Valens Semiconductor (NYSE:VLN) meldete die Finanzergebnisse für das zweite Quartal 2025 mit Umsätzen von 17,1 Millionen US-Dollar, was die Prognosen übertraf und gegenüber 13,6 Millionen US-Dollar im zweiten Quartal 2024 anstieg. Das Unternehmen erzielte eine GAAP-Bruttomarge von 63,5% und hielt eine starke Barposition von 102,7 Millionen US-Dollar.
Die Umsätze im Bereich Cross-Industry Business (CIB) machten 75% des Gesamtumsatzes in Höhe von 12,8 Millionen US-Dollar aus, während der Automotive-Segment mit 25% bzw. 4,3 Millionen US-Dollar beitrug. Aufgrund von Zollauswirkungen hat Valens seine Umsatzprognose für das Gesamtjahr 2025 auf 66-71 Millionen US-Dollar angepasst, was dennoch ein Wachstum von 14-23% gegenüber 2024 bedeutet.
Das Unternehmen berichtete Fortschritte in den Märkten ProAV und industrielle Maschinenvision, wobei die auf dem VS3000-Chipsatz basierenden Produkte von 100 auf 150 stiegen. Der GAAP-Nettogewinn im zweiten Quartal betrug −7,2 Millionen US-Dollar und verbesserte sich gegenüber −8,9 Millionen US-Dollar im zweiten Quartal 2024.
- Revenue exceeded guidance at $17.1 million, up 25.5% year-over-year
- Strong gross margin of 63.5% GAAP (67.2% non-GAAP)
- Healthy cash position of $102.7 million
- 50% increase in VS3000 chipset-based products from 100 to 150
- Improved net loss to $(7.2) million from $(8.9) million year-over-year
- Lowered full-year 2025 revenue guidance due to tariff impacts
- Automotive revenue declined to $4.3 million from $5.5 million year-over-year
- Q3 2025 guidance shows sequential revenue decline to $15.1-15.6 million
- Used $10.2 million for share repurchase, reducing cash balance from $112.5 million to $102.7 million
In the news release, Valens Semiconductor Reports Second Quarter 2025 Results, issued 06-Aug-2025 by Valens Semiconductor over PR Newswire, we are advised by the company that the second table, last row, should read "(14,758)" rather than "(14,578)" as originally issued inadvertently. The complete, corrected release follows:
Valens Semiconductor Reports Second Quarter 2025 Results
Key Financial Highlights:
- Q2 revenues:
$17.1 million - Q2 gross margin:
63.5% GAAP;67.2% non-GAAP - Cash, cash equivalents and short-term deposits:
$102.7 million - Given tariffs, lower full-year 2025 revenue guidance
HOD HASHARON,
"We are pleased with our performance in Q2, where we exceeded our guidance and delivered revenues of
"Although we've adjusted our full-year guidance due to the unpredictable impact of tariffs, our confidence in the company's long-term strategy and market opportunity remains unchanged," said Guy Nathanzon, CFO of Valens Semiconductor.
Q2 2025 Financial Highlights:
- Q2 revenues reached
$17.1 million $16.5 -$16.8 million $16.8 million $13.6 million
- Q2 Cross-Industry Business ("CIB") revenues accounted for approximately75% of total revenues at$12.8 million $11.7 million dollars$8.1 million
- Q2 Automotive revenues accounted for approximately25% of total revenues at$4.3 million $5.1 million dollars$5.5 million - Q2 GAAP gross margin was
63.5% (non-GAAP gross margin was67.2% ), within the guidance. This is compared to a GAAP gross margin of62.9% for Q1 2025 and61.4% for Q2 2024 (non-GAAP gross margin of66.7% in Q1 2025 and64.5% in Q2 2024). On a segment basis, Q2 gross margin from the CIB was67.8% and gross margin from Automotive was50.5% . This compares to a Q1 2025 gross margin of69.1% and48.4% , respectively, and a Q2 2024 gross margin of75.4% and40.9% , respectively. The increase in Q2 automotive gross margin compared to Q2 2024 was due to an optimization of our product cost. The decrease in gross margin of the CIB compared to Q1 2025 was due to a change in product mix. - Q2 GAAP net loss amounted to
$(7.2) million $(8.3) million dollars$(8.9) million dollars - Q2 adjusted EBITDA was a loss of
$(4.0) million $(4.9) -$(4.4) million $(4.3) million dollars$(5.2) million dollars - Cash balance as of June 30, 2025, was
$102.7 million $112.5 million $10.2 million
Q2 2025 Business Highlights:
- Enabled the launch of the first MIPI A-PHY standard platform in the industrial machine vision market, developed by D3 Embedded
- Supported a rise in the number of products based on the VS3000 chipset from around 100 to 150 by the end of 2024
- Received strong endorsements for the MIPI A-PHY standard in automotive from Mobileye and a leading European OEM at the annual MIPI Alliance meeting
- Won two prestigious industry awards and supplied the chipsets behind four additional customer wins for Apantac, Rethink AV, Hall Technologies, and Msolutions
Financial Outlook for Q3 2025
For Q3 2025, Valens Semiconductor expects revenues to range between
Disclaimer: Valens Semiconductor does not provide GAAP net profit (loss) guidance as certain elements of net profit (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts. Adjusted EBITDA is a non-GAAP measure. See the tables below for additional information regarding this and other non-GAAP metrics used in this release.
Conference Call Information
Valens Semiconductor will host a conference call today, Wednesday, August 6, 2025, at 8:30 a.m. Eastern Time (ET) to discuss its second quarter 2025 financial results and business outlook. To access this call, dial (at least 10 minutes before the scheduled time) +1 (888) 281-1167 (
NYSE Rule 203.01 Annual Financial Report Announcement
Pursuant to Rule 203.01 of the New York Stock Exchange Manual, Valens Semiconductor Ltd. hereby announces to holders of its ordinary shares that its Annual Report on Form 20-F for 2024 (including its full year 2024 audited financial statements), filed with the
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our anticipated future results, including financial results, our five-year plan, currency exchange rates, and contract wins, and future economic and market conditions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor's ("Valens") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor. These forward-looking statements are subject to a number of risks and uncertainties, including the cyclicality of the semiconductor industry; the effect of inflation and a rising interest rate environment on our customers and industry; the ability of our customers to absorb inventory; competition in the semiconductor industry, and the failure to introduce new technologies and products in a timely manner to compete successfully against competitors; if Valens fails to adjust its supply chain volume due to changing market conditions or fails to estimate its customers' demand; disruptions in relationships with any one of Valens' key customers; any difficulty selling Valens' products if customers do not design its products into their product offerings; Valens' dependence on winning selection processes; even if Valens succeeds in winning selection processes for its products, Valens may not generate timely or sufficient net sales or margins from those wins; sustained yield problems or other delays or quality events in the manufacturing process of products; our ability to effectively manage, invest in, grow, and retain our sales force, research and development capabilities, marketing team and other key personnel; our ability to timely adjust product prices to customers following price increase by the supply chain; our ability to adjust our inventory level due to reduction in demand due to inventory buffers accrued by customers; our expectations regarding the outcome of any future litigation in which we are named as a party; our ability to adequately protect and defend our intellectual property and other proprietary rights; our ability to successfully integrate or otherwise achieve anticipated benefits from acquired businesses; the market price and trading volume of the Valens ordinary shares may be volatile and could decline significantly; further deterioration of macroeconomic conditions due to ongoing global political and economic uncertainty, including with respect to
About Valens Semiconductor
Valens Semiconductor is a leader in high-performance connectivity, enabling customers to transform the digital experiences of people worldwide. Valens' chipsets are integrated into countless devices from leading customers, powering state-of-the-art audio-video installations, next-generation videoconferencing, and enabling the evolution of ADAS and autonomous driving. Pushing the boundaries of connectivity, Valens sets the standard everywhere it operates, and its technology forms the basis for the leading industry standards such as HDBaseT® and MIPI A-PHY. For more information, visit https://www.valens.com.
VALENS SEMICONDUCTOR LTD. | |||||
Three Months Ended June 30, |
Six Months Ended June 30, | ||||
2025 | 2024 | 2025 | 2024 | ||
Revenues | 17,059 | 13,597 | 33,887 | 25,156 | |
Gross Profit | 10,835 | 8,344 | 21,417 | 15,159 | |
Gross Margin | 63.5 % | 61.4 % | 63.2 % | 60.3 % | |
Net loss | (7,184) | (8,869) | (15,492) | (18,911) | |
Working Capital[1] | 105,998 | 142,349 | 105,998 | 142,349 | |
Cash, cash equivalents and short-term deposits[2] | 102,721 | 130,630 | 102,721 | 130,630 | |
Net cash used in operating activities | (211) | (225) | (7,761) | (1,615) | |
Non-GAAP Financial Data | |||||
Non-GAAP Gross Margin[3] | 67.2 % | 64.5 % | 67.0 % | 63.3 % | |
Adjusted EBITDA Loss[4] | (4,016) | (5,168) | (8,362) | (12,237) | |
Non-GAAP Earnings Loss per share (in | |||||
VALENS SEMICONDUCTOR LTD. | ||||||||
Three Months Ended June 30, |
Six Months Ended June 30, | |||||||
2025 | 2024 | 2025 | 2024 | |||||
REVENUES | 17,059 | 13,597 | 33,887 | 25,156 | ||||
COST OF REVENUES | (6,224) | (5,253) | (12,470) | (9,997) | ||||
GROSS PROFIT |
10,835 |
8,344 |
21,417 |
15,159 | ||||
OPERATING EXPENSES: | ||||||||
Research and development expenses | (10,198) | (9,961) | (20,788) | (20,106) | ||||
Sales and marketing expenses | (5,166) | (4,368) | (10,773) | (8,756) | ||||
General and administrative expenses |
(3,697) |
(3,397) |
(7,364) |
(6,968) | ||||
Change in earnout liability |
837 |
(28) |
663 |
(28) | ||||
TOTAL OPERATING EXPENSES |
(18,224) |
(17,754) |
(38,262) |
(35,858) | ||||
OPERATING LOSS | (7,389) | (9,410) | (16,845) | (20,699) | ||||
Change in fair value of Forfeiture Shares | - | 10 | - | 35 | ||||
Financial income, net | 225 | 540 | 1,463 | 1,774 | ||||
LOSS BEFORE INCOME TAXES | (7,164) | (8,860) | (15,382) | (18,890) | ||||
INCOME TAXES | (21) | (21) | (114) | (38) | ||||
LOSS AFTER INCOME TAXES | (7,185) | (8,881) | (15,496) | (18,928) | ||||
Equity in earnings of investee | 1 | 12 | 4 | 17 | ||||
NET LOSS | (7,184) | (8,869) | (15,492) | (18,911) | ||||
EARNINGS PER SHARE DATA:
BASIC AND DILUTED NET LOSS PER | ||||||||
WEIGHTED AVERAGE NUMBER OF SHARES IN COMPUTING NET LOSS PER ORDINARY | 103,551,779 | 105,079,508 |
104,403,869 | 104,563,467 | ||||
Other comprehensive income: | ||||||||
Change in unrealized gains on cash flow | 1,276 | - | 734 | - | ||||
TOTAL COMPREHENSIVE LOSS | (5,908) | (8,869) | (14,758) | (18,911) | ||||
VALENS SEMICONDUCTOR LTD. | ||||||
ASSETS | June 30, 2025 | December 31, 2024 | ||||
CURRENT ASSETS Cash and cash equivalents | 46,589 | 35,423 | ||||
Short-term deposits | 56,132 | 95,532 | ||||
Restricted Short-term deposit | 1,168 | 1,138 | ||||
Trade accounts receivable | 8,133 | 7,751 | ||||
Prepaid expenses and other current assets | 3,812 | 3,904 | ||||
Inventories | 11,497 | 10,155 | ||||
TOTAL CURRENT ASSETS | 127,331 | 153,903 | ||||
LONG-TERM ASSETS | ||||||
Property and equipment, net | 3,346 | 3,555 | ||||
Operating lease right-of-use assets | 7,260 | 7,458 | ||||
Intangible assets | 4,232 | 4,702 | ||||
Goodwill | 1,847 | 1,847 | ||||
Other assets | 777 | 687 | ||||
TOTAL LONG-TERM ASSETS | 17,462 | 18,249 | ||||
TOTAL ASSETS | 144,793 | 172,152 | ||||
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES[7] | 21,333 | 20,327 | ||||
LONG-TERM LIABILITIES | ||||||
Non-current operating leases liabilities | 6,874 | 6,645 | ||||
Earnout liability | - | 2,413 | ||||
Other long-term liabilities | 91 | 79 | ||||
TOTAL LONG-TERM LIABILITIES | 6,965 | 9,137 | ||||
TOTAL LIABILITIES | 28,298 | 29,464 | ||||
TOTAL SHAREHOLDERS' EQUITY | 116,495 | 142,688 | ||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 144,793 | 172,152 | ||||
VALENS SEMICONDUCTOR LTD. | ||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||
2025 | 2024 | 2025 | 2024 | |||
CASH FLOW FROM OPERATING ACTIVITIES: | ||||||
Net loss for the period | (7,184) | (8,869) | (15,492) | (18,911) | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Income and expense items not involving cash flows: | ||||||
Depreciation and amortization | 758 | 479 | 1,528 | 935 | ||
Stock-based compensation | 3,775 | 3,735 | 7,941 | 7,499 | ||
Exchange rate differences | 19 | 741 | 159 | 1,266 | ||
Realized and unrealized losses on non-designated derivative instruments | 821 | - | 617 | - | ||
Interest on short-term deposits | 254 | 642 | 771 | 917 | ||
Change in fair value of forfeiture shares | - | (10) | - | (35) | ||
Change in earnout liability | (837) | 28 | (663) | 28 | ||
Reduction in the carrying amount of ROU assets | 274 | 239 | 692 | 723 | ||
Equity in earnings of investee, net of dividend received | 4 | 12 | 1 | 17 | ||
Changes in operating assets and liabilities, net of effects of | ||||||
Trade accounts receivable | 1,418 | 180 | (382) | 4,915 | ||
Prepaid expenses and other current assets | 53 | 101 | 878 | 308 | ||
Inventories | (698) | 1,054 | (1,460) | 2,401 | ||
Other assets | 19 | (8) | (96) | 66 | ||
Current Liabilities | 1,271 | 1,659 | (1,864) | (1,102) | ||
Change in operating lease liabilities | (173) | (204) | (403) | (622) | ||
Other long-term liabilities | 15 | (4) | 12 | (20) | ||
Net cash used in operating activities | (211) | (225) | (7,761) | (1,615) | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Investment in short-term deposits | (22,500) | (49,379) | (52,505) | (87,219) | ||
Maturities of short-term deposits | 38,557 | 47,059 | 91,835 | 104,038 | ||
Purchase of property and equipment | (119) | (235) | (537) | (265) | ||
Derivative instruments of non-designated hedges | (407) | - | (672) | - | ||
Cash paid for business combination, net of cash acquired | - | (7,800) | - | (7,800) | ||
Net cash provided by (used in) investing activities | 15,531 | (10,355) | 38,121 | 8,754 | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Repurchase of Ordinary Shares | (10,176) | - | (19,761) | - | ||
Exercise of stock options | 197 | 510 | 385 | 636 | ||
Net cash provided by (used in) financing activities | (9,979) | 510 | (19,376) | 636 | ||
Effect of exchange rate changes on cash and cash equivalents | 251 | (324) | 182 | (330) | ||
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 5,592 | (10,394) | 11,166 | 7,445 | ||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 40,997 | 35,100 | 35,423 | 17,261 | ||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 46,589 | 24,706 | 46,589 | 24,706 | ||
SUPPLEMENT DISCLOSURE OF CASH FLOW INFORMATION | ||||||
Cash paid for taxes | 58 | 28 | 77 | 63 | ||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND | ||||||
Trade accounts payable on account of property and equipment | 194 | 279 | 194 | 279 | ||
Fair value of earnout liability assumed in business combination | - | 2,036 | - | 2,036 | ||
Operating lease liabilities arising from obtaining operating right-of-use assets | 281 | 4,802 | 494 | 4,833 | ||
VALENS SEMICONDUCTOR LTD. | ||||||||
The following table provides a reconciliation of Net loss to Adjusted EBITDA, a non-GAAP measure. Adjusted EBITDA is Although we provide guidance for Adjusted EBITDA, we are not able to provide guidance for projected Net profit (loss), | ||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||
2025 | 2024 | 2025 | 2024 | |||||
Net Loss | (7,184) | (8,869) |
(15,492) |
(18,911) | ||||
Adjusted to exclude the following: | ||||||||
Change in fair value of Forfeiture Shares | - | (10) |
- |
(35) | ||||
Change in earnout liability | (837) | 28 |
(663) |
28 | ||||
Financial income, net | (225) | (540) |
(1,463) |
(1,774) | ||||
Income taxes | 21 | 21 |
114 |
38 | ||||
Equity in earnings of investee | (1) | (12) |
(4) |
(17) | ||||
Certain batch production incident income | (323) | - | (323) | - | ||||
Depreciation and amortization | 758 | 479 |
1,528 |
935 | ||||
Stock-based compensation expenses | 3,775 | 3,735 |
7,941 |
7,499 | ||||
Adjusted EBITDA Loss | (4,016) | (5,168) |
(8,362) |
(12,237) | ||||
VALENS SEMICONDUCTOR LTD. | ||||
The following tables provide a calculation of the GAAP Loss per share and reconciliation | ||||
Three Months Ended June 30, | Six Months Ended June 30, | |||
GAAP Loss per Share | 2025 | 2024 | 2025 | 2024 |
GAAP Net Loss used for computing Loss per Share | (7,184) | (8,869) |
(15,492) |
(18,911) |
Earnings Per Share Data: | ||||
GAAP Loss per Share (in |
|
| ||
Weighted average number of shares used in calculation of net loss per share | 103,551,779 | 105,079,508 |
104,403,869 |
104,563,467 |
Three Months Ended |
Six Months Ended | |||
Non-GAAP Loss per Share[8] | 2025 | 2024 | 2025 | 2024 |
GAAP Net Loss | (7,184) | (8,869) |
(15,492) |
(18,911) |
Adjusted to exclude the following: | ||||
Stock based compensation | 3,775 | 3,735 |
7,941 |
7,499 |
Depreciation and amortization | 758 | 479 |
1,528 |
935 |
Certain batch production incident income | (323) | - | (323) | - |
Change in earnout liability | (837) | 28 |
(663) |
28 |
Change in fair value of Forfeiture Shares | - | (10) |
- |
(35) |
Total Non-GAAP Loss used for computing Loss per Share | (3,811) | (4,637) |
(7,009) |
(10,484) |
Earnings Per Share Data: | ||||
Non-GAAP Earnings (Loss) per Share (in |
|
| ||
Weighted average number of shares used in calculation of net loss per share | 103,551,779 | 105,079,508 |
104,403,869 |
104,563,467 |
1. Working Capital is calculated as Total Current Assets, less Total Current Liabilities, as of the last day of the period.
2. As of the last day of the period.
3. GAAP Gross Profit excluding share-based compensation and depreciation expenses, divided by revenue. For the three months ended June 30, 2025, and 2024, share-based compensation and depreciation & amortization expenses were
4. Adjusted EBITDA is defined as Net profit (loss) before financial income (expense), net, income taxes, equity in earnings of investee and depreciation and amortization, further adjusted to exclude share-based compensation and change in fair value of Forfeiture Shares and earnout liability, which may vary from period-to-period, and certain batch production incident income. We caution investors that amounts presented in accordance with our definition of Adjusted EBITDA may not be comparable to similar measures disclosed by other issuers, because not all issuers calculate Adjusted EBITDA in the same manner. Adjusted EBITDA should not be considered as an alternative to Net loss or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Please refer to the appendix at the end of this press release for a reconciliation to the most directly comparable measure in accordance with GAAP.
5. See reconciliation of GAAP to non-GAAP financial measures.
6. See note 5.
7. The current liabilities include an amount of
8. The company calculates its non-GAAP Loss per Share as GAAP Net Loss adjusted to exclude the following: Stock based compensation, depreciation and amortization, and the change in fair value of Forfeiture Share and earnout liability, divided by the weighted average number of shares used in calculation of net loss per share.
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For more information, please contact:
Investor Contacts:
Michal Ben Ari
Investor Relations Manager
Valens Semiconductor Ltd.
michal.benari@valens.com
Miri Segal
MS-IR IR for Valens
msegal@ms-ir.com
Media Contact:
Yoni Dayan
Head of Communications
Valens Semiconductor Ltd.
yoni.dayan@valens.com
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SOURCE Valens Semiconductor
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