secwatch.observer — SEC 8-K summary
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Issuer:     Cepton, Inc. (—)
CIK:        0001498233
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001498233-24-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498233/000149823324000026/0001498233-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498233/000149823324000026/cptn-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001498233-24-000026

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