Cepton reports 2023 revenue up 76% to $13.1M; net loss $48.5M; Koito acquisition interest still under evaluation

Cepton, Inc.

Full year 2023 revenue $13.1M (+76% YoY); Q4 product revenue $2.5M (+152% YoY).
GAAP net loss $8.3M in Q4 ($0.52/share); full year GAAP net loss $48.5M ($3.08/share).
Non-GAAP net loss $6.4M in Q4 ($0.41/share); full year non-GAAP net loss $38.9M ($2.47/share).
Received non-binding indication of interest from Koito to acquire 100% of shares; under evaluation.
Launched Cepton Ultra next-gen lidar at CES 2024; developed MagnoSteer scanning technology.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cepton, Inc. reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 28, 2024 , Cepton, Inc., a Delaware corporation (the “ Company ”), announced financial results for its fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001498233-24-000018

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