)
Visual
test
Cepton
Cepton (CPTN) investor relations material
Cepton has been acquired
Cepton Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary7 Nov, 2024
Executive summary
Revenue for Q3 2024 was $0.5 million, down 86% year-over-year, mainly due to the GM series production award cancellation; net loss attributable to common stockholders was $11.8 million, a 5% improvement from Q3 2023.
Development revenue surged to $10.9 million for the nine months ended September 30, 2024, driven by a new engineering services contract with Koito.
Cepton entered into a merger agreement with Koito, expected to close in Q1 2025, with shareholders to receive $3.17 per share in cash.
Entered final stages of RFQ with a Top 10 global automotive OEM for long-range lidar and advanced near-range lidar development opportunities.
Cash and cash equivalents stood at $47.7 million as of September 30, 2024, with management expecting sufficient liquidity for at least the next twelve months.
Financial highlights
Total revenue for Q3 2024 was $0.5 million, down from $3.8 million in Q3 2023; nine-month revenue was $12.9 million, up 59% year-over-year due to higher development revenue.
Gross loss for Q3 2024 was $0.08 million, compared to a gross profit of $0.49 million in Q3 2023; nine-month gross profit was $6.7 million, up from $0.9 million.
Operating loss for Q3 2024 was $10.9 million, an 11% improvement year-over-year; nine-month operating loss was $23.0 million, a 45% improvement.
Non-GAAP net loss for Q3 2024 was $7.5 million; non-GAAP net loss attributable to common stockholders was $8.6 million ($0.53 per share).
Cash used in operations for the nine months ended September 30, 2024 was $8.7 million, a significant improvement from $30.5 million in the prior year period.
Outlook and guidance
Management expects the Koito merger to close in Q1 2025, subject to regulatory and shareholder approvals.
Current cash position is expected to cover liquidity needs and capital expenditures for at least the next twelve months.
Future revenue growth is anticipated from new series production awards and increased adoption of lidar in automotive and smart infrastructure markets.
Focus remains on executing strategy, deepening OEM partnerships, and driving lidar adoption across industries.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Cepton
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Cepton Inc. is a technology company specializing in the development of lidar-based solutions for various industries, including automotive, smart cities, and industrial applications. The company’s lidar technology enables precise 3D sensing, used for applications such as autonomous driving, advanced driver assistance systems (ADAS), and traffic monitoring. Cepton focuses on providing scalable and energy-efficient lidar systems to support the advancement of autonomous and connected technologies. The company is headquartered in San Jose, California, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage