---
schema_version: "secwatch.filing_event.v1"
accession: "0001498233-24-000026"
form_type: "8-K"
ticker: null
cik: "0001498233"
company_name: "Cepton, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:13:21.230144+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cepton Q1 2024 revenue $1.9M, up 31% YoY; secures new series production award with global OEM

## Summary
- Revenue $1.9M (+31% YoY); GAAP net loss $6.8M ($0.43/share); Non-GAAP net loss $8.3M ($0.52/share).
- Secured new series production award for near-range lidar with global OEM via Koito; signed ~$10M engineering contract.
- Recorded $4.0M gain from OEM project cancellation cost recovery; cash payment received.
- FY2024 revenue outlook $15-25M; operating expenses expected below $50M.
- Achieved B sample for Cepton Ultra lidar with smallest form factor; launched StudioViz simulation platform.

## SEC filing metadata
- accession: 0001498233-24-000026
- form_type: 8-K
- cik: 0001498233
- company_name: Cepton, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498233/000149823324000026/0001498233-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498233/000149823324000026/cptn-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001498233-24-000026
- JSON: https://secwatch.observer/filing/0001498233-24-000026.json
- Plain text: https://secwatch.observer/filing/0001498233-24-000026.txt

## Key facts
- Earnings Releases
  Cepton, Inc. reported the first quarter 2024 ended March 31, 2024 results: revenue $1.9 million, net income $(6.8) million, or $(0.43) per share, basic and diluted, EPS $(0.43) per share, basic and diluted. Guidance reaffirmed.
  - Period: the first quarter 2024 ended March 31, 2024
  - Revenue: $1.9 million
  - Net income: $(6.8) million, or $(0.43) per share, basic and diluted
  - EPS: $(0.43) per share, basic and diluted
  - Guidance: reaffirmed
  - Result: reported results
  source text: cloud simulation to expedite lidar-based ADAS and AV development at minimized physical implementation costs. Financial Highlights Revenue • First quarter 2024 total revenue was $1.9 million, consisting of $1.1 million product revenue and $0.8 million development revenue • First quarter 2024 total revenue increase by 31% compared to $1.5 million in the prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1498233/000149823324000026/0001498233-24-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.