secwatch.observer — SEC 8-K summary
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Issuer:     Cepton, Inc. (—)
CIK:        0001498233
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001498233-24-000018
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498233/000149823324000018/0001498233-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498233/000149823324000018/cptn-20240328.htm
  HTML page:      https://secwatch.observer/filing/0001498233-24-000018

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