Welcome to our dedicated page for Valens Semiconductor news (Ticker: VLN), a resource for investors and traders seeking the latest updates and insights on Valens Semiconductor stock.
Valens Semiconductor Ltd. (NYSE: VLN) is a high-performance connectivity company whose semiconductor chipsets are used across automotive, audio-video, industrial, machine vision, medical, education, and videoconferencing markets. The VLN news page on Stock Titan aggregates announcements, press releases, and third-party coverage related to the company’s technology, design wins, and corporate developments.
Recent news highlights include design wins for Valens’ VA7000 MIPI A-PHY-compliant chipsets with premium global automotive OEMs, where the devices are integrated into ADAS systems for vehicles serving the Chinese market. Other coverage features collaborations around MIPI A-PHY-enabled e-mirror solutions and machine vision platforms, demonstrating how Valens’ connectivity technology is applied in automotive imaging and industrial imaging ecosystems.
Investors and followers of VLN stock can use this news feed to track updates on Valens’ participation in industry events and conferences, such as investor conferences and the Consumer Electronics Show (CES), where the company showcases its connectivity solutions across automotive and professional audio-video markets. Press releases also discuss the broader MIPI A-PHY and HDBaseT standards ecosystems in which Valens plays a role.
The Valens Semiconductor news page is useful for monitoring topics such as automotive ADAS connectivity, MIPI A-PHY ecosystem progress, professional audio-video and videoconferencing applications, machine vision initiatives, and key corporate announcements filed on Form 6-K. Users researching VLN can review this stream to understand how the company’s connectivity technology is being adopted and where it is being demonstrated or discussed in the market.
Valens Semiconductor (NYSE: VLN) announced its participation in key investor conferences in November 2021. It will engage in one-on-one and small group meetings at the Roth 10th Annual Technology Virtual Event on November 17, 2021. Additionally, Valens will present at the Ladenburg Thalmann Virtual Technology Expo 2021 on November 18, 2021 at 10:30 a.m. EST. The company specializes in high-speed connectivity solutions for the audio-video and automotive sectors, utilizing Emmy® award-winning HDBaseT technology.
Valens Semiconductor Ltd. (NYSE: VLN) reported record revenue of $19.1 million for Q3 2021, a 48.8% increase year-over-year. Audio-video revenues rose to $17.1 million, a 38.5% increase, while automotive revenues surged over 300% to $2.0 million. Gross profit reached $13.8 million, with a margin of 72.4%. The company secured record bookings of $36.0 million and ended the quarter with a backlog of $73.4 million. Following a merger with PTK Acquisition Corp., Valens strengthened its balance sheet with $205.6 million in cash and no debt.
Valens Semiconductor (NYSE: VLN) announced a partnership with LG Innotek to produce MIPI A-PHY compliant system-in-package modules for automotive applications. This collaboration aims to enhance the integration of cameras, sensors, and displays in vehicles. Following the successful development of prototypes, the partnership signifies a second-source supply for A-PHY technology, which is poised to dominate automotive connectivity. Valens emphasizes that this initiative aligns with the automotive ecosystem's shift towards standardization, increasing the potential for expansive adoption of A-PHY solutions in the market.
Valens (NYSE: VLN) will report its third quarter 2021 financial results on November 11, 2021, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results and business outlook, accessible via phone or live webcast on Valens' investor relations website. Valens specializes in high-speed connectivity solutions for audio-video and automotive markets, utilizing its Emmy® award-winning HDBaseT technology. This technology is crucial for professional AV markets and supports advancements in autonomous vehicle connectivity.
Valens (NYSE: VLN) has announced a report from automotive benchmarking firm A2MAC1 highlighting significant cost savings for automotive OEMs using MIPI A-PHY technology. This technology, designed for advanced driver-assistance systems and autonomous driving, can reduce system costs by up to 15% compared to proprietary solutions. Key savings are identified in wire harness, camera, and ECU designs, with up to a 63% reduction in wiring and connector costs. Valens plans to release its A-PHY compliant VA7000 chipset family engineering samples in Q4 2021.
Valens announced its participation in the Evercore ISI Autotech & AI Forum on September 22, 2021, at 10:15 a.m. EDT. CEO Gideon Ben-Zvi and CFO Dror Heldenberg will discuss the company's high-speed connectivity solutions. Valens, which plans to merge with PTK Acquisition Corp. (NYSE: PTK), will be listed under the symbol VLN post-transaction, expected in fall 2021. This merger aims to enhance Valens' position in the automotive and audio-video markets, leveraging its Emmy® award-winning technology.
Valens Semiconductor Ltd. announced Q2 2021 financial results, reporting revenue of $17.5 million, a 9.2% increase from Q2 2020. Gross profit was $12.5 million with a margin of 71.2%, down from 79.1% due to lower margins from increased automotive sales. The company achieved record bookings of $35.3 million, driving a book-to-bill ratio of 2.02. Valens raised its full-year revenue guidance to $69 million. A merger with PTK Acquisition Corp. is expected to close in fall 2021, providing up to $240 million in proceeds. Valens continues to expand its automotive presence with mass production of its VA6000 chipsets.