Brief: Valens Semiconductor Reports Third Quarter 2022 Results

Valens Semiconductor

09/11/2022 11:20

Nov 9 (Reuters) - Valens Semiconductor Ltd  VLN.N :
    * VALENS SEMICONDUCTOR REPORTS THIRD QUARTER 2022 RESULTS
    * SEES FY REVENUE $90.3 MILLION TO $90.4 MILLION
    * IN AUTOMOTIVE, EXPECT TO DOUBLE OUR REVENUES IN 2022
VERSUS 2021
AND EXPECT TO FURTHER DOUBLE IN 2023 COMPARED TO 2022
    * QUARTERLY REVENUES OF $23.1 MILLION, UP 21.3% FROM Q3 2021
AND
UP 2.9% FROM Q2 2022
    * FOR Q4 OF 2022, REVENUES ARE EXPECTED TO RANGE BETWEEN
$23.1
MILLION AND $23.2 MILLION
    * FOR FULL YEAR 2022, COMPANY NOW EXPECTS REVENUES TO RANGE
BETWEEN $90.3 MILLION AND $90.4 MILLION
    * QTRLY NON-GAAP LOSS PER SHARE (IN U.S. DOLLARS) $0.02
    * Q3 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $22.6
MILLION --
REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $-0.31, REVENUE VIEW $89.5
MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nPn68Bj1la 
Further company coverage:  VLN.N 
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