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Cepton (CPTN)
NASDAQ:CPTN
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.27Last Year’s EPS
-$0.41Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 2.07%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
Cepton demonstrated strong progress with advancements in their Ultra LiDAR system, securing significant contracts and projects with global OEMs, and introducing innovative tools like StudioViz. Despite reporting a net loss, the company's growth in revenue and strategic partnerships indicate positive momentum.Company Guidance
During Cepton's Q1 2024 earnings call, the company provided guidance indicating an expected full-year revenue of $15 million to $25 million, with operating expenses anticipated to be below $50 million. Cepton announced a significant $10 million engineering services contract with Koito for work in Q2 2024, marking a milestone in their collaboration with a global OEM for near-range LiDAR sensors. The company also reported a total revenue of $1.9 million for the first quarter, an increase of 31% from the prior year, and a GAAP net loss of $6.8 million. Cepton expects to achieve positive cash flow for Q2 2024, driven by the development revenue from the Koito contract and other ongoing OEM projects.Successful Advancement of Ultra LiDAR System
Cepton's Ultra LiDAR system advanced to the B sample stage quicker than anticipated, demonstrating exceptional performance in live demonstrations across three continents, receiving overwhelmingly positive feedback from OEMs.
Significant Engineering Services Contract with Koito
Cepton secured a $10 million engineering services contract with Koito to support a new OEM project, expected to contribute to positive cash flow for Q2 2024.
Revenue Growth
Cepton's total revenue for Q1 2024 increased by 31% to $1.9 million compared to the prior year.
Series Production Project with Global OEM
Cepton secured a series production project with a global OEM in collaboration with Koito, expanding their production awards beyond North America.
Introduction of StudioViz Simulator
Cepton announced StudioViz, a LiDAR simulator aiming to accelerate OEM development and reduce data collection costs, incorporating manufacturing variances.
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CPTN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPTN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.14 | $3.12 | -0.64% |
| Aug 12, 2024 | $3.04 | $3.03 | -0.33% |
| May 13, 2024 | $3.02 | $2.89 | -4.30% |
| Mar 28, 2024 | $2.78 | $3.39 | +21.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cepton (CPTN) report earnings?
Cepton (CPTN) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Cepton (CPTN) earnings time?
Cepton (CPTN) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPTN EPS forecast?
CPTN EPS forecast for the fiscal quarter 2024 (Q4) is -$0.27.
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