Valens Semiconductor Ltd Stock Price, News & Analysis

Valens Semiconductor (NYSE: VLN) has announced a strategic collaboration with Intel to develop MIPI A-PHY-compliant technologies for automotive applications. This partnership aims to enhance the A-PHY ecosystem, enabling third-party automotive suppliers to expedite their time to market for innovative solutions. With MIPI A-PHY established as a leading standard for advanced connectivity, the alliance seeks to optimize integration for vehicle autonomy and improve connectivity for high-resolution displays. The collaboration positions Valens to significantly expand its influence within the automotive technology market.

Verkada has secured $205 million in a Series D funding round, raising its valuation to $3.2 billion. The funding, led by Linse Capital, will accelerate investments in existing and new product lines, expand hiring, and support geographic growth. Since 2020, Verkada has quadrupled its customer base and team size, nearly doubling revenue year-over-year. Their six product lines offer an integrated security solution, serving over 13,000 organizations worldwide, including several Fortune 500 companies.

Keysight Technologies (NYSE: KEYS) announced a new automotive serializer/deserializer (SerDes) receiver compliance test solution for MIPI A-PHY devices. Developed in collaboration with BitifEye Digital Test Solutions and Valens Semiconductor (NYSE: VLN), this solution enables automotive manufacturers to validate receiver performance in harsh conditions. Key features include a comprehensive test framework, custom fixtures for stress testing, and automatic report generation. This initiative supports the growing demand for high-speed digital interfaces in next-generation in-vehicle networks.

Valens Semiconductor (NYSE: VLN) announced the successful completion of interoperability testing between a Sony Semiconductor Solutions transmitter and a Valens receiver using MIPI A-PHY technology. This milestone demonstrates key communication features, including error correction and high-speed data transmission. Valens aims to expand the MIPI A-PHY ecosystem, a critical connectivity standard in the automotive sector. The collaboration with Sony is expected to enhance the integration of advanced technology into their image sensors, ultimately benefiting automotive customers.

Valens Semiconductor (NYSE: VLN) and Leopard Imaging have partnered to create the industry's first off-the-shelf MIPI A-PHY camera module, aimed at expediting the market entry of A-PHY-based systems for automotive OEMs and Tier 1 suppliers. With a growing demand for MIPI A-PHY connectivity solutions in Advanced Driver-Assistance Systems (ADAS), the new camera module promises to simplify integration and enhance performance. This collaboration aims to leverage the advanced capabilities of Valens’ VA7000 chipsets, expected to drive broader adoption in the automotive market.

Valens Semiconductor (NYSE: VLN) will co-host two webinars in September 2022, showcasing the capabilities of its VA7000 chipsets for high-speed in-vehicle video connectivity. The first webinar, in English, is on September 7 at 10:00 AM ET, featuring industry leaders discussing MIPI A-PHY integration in Advanced Driver-Assistance Systems (ADAS). The second webinar, in Chinese, is scheduled for September 8 at 2:00 PM BJT. The VA7000 chipsets are the first to implement the MIPI A-PHY standard, enhancing ADAS and sensor connectivity.

Valens Semiconductor (NYSE: VLN) will participate in key investor events in September 2022. CFO Dror Heldenberg will attend the Credit Suisse 23rd Asian Technology Conference virtually on September 5-6. CEO Gideon Ben-Zvi and VP Investor Relations Daphna Golden will join Citi's 2022 Global Technology Conference in New York on September 7. The team will also participate in the Jefferies Israel Tech Track on September 22 in Tel Aviv. Valens is renowned for its high-speed connectivity solutions and advancements in automotive technology.

Valens Semiconductor (NYSE: VLN) reported record second-quarter revenues of $22.5 million, representing a 28.4% increase year-over-year and a 4.0% growth sequentially. The company improved its full-year guidance, anticipating revenues between $89.1 million and $89.8 million, doubling automotive revenues from 2021. Despite a net loss of $(10.0) million, Valens expects to achieve adjusted EBITDA breakeven by late 2023. The gross margin for Q2 2022 was 70.2%. Strong demand for both audio-video and automotive segments underpins this growth.