Cepton(CPTN)

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Cepton(CPTN) - 2023 Q4 - Annual Report
2024-03-29 21:59
Part I [Business](index=6&type=section&id=Item%201.%20Business) Cepton specializes in high-performance lidar for Automotive and Smart Infrastructure, navigating a GM award cancellation, Koito acquisition proposal, and a new production award - Cepton focuses on deploying high-performance, mass-market lidar for Automotive (ADAS) and Smart Infrastructure markets, aiming to balance performance, cost, and reliability[19](index=19&type=chunk)[20](index=20&type=chunk) - In December 2023, Koito informed Cepton that GM canceled all outstanding purchase orders related to its series production award. Cepton has submitted a claim for project investment cost recovery[22](index=22&type=chunk) - On December 21, 2023, Cepton received a non-binding acquisition proposal from its partner Koito to acquire all outstanding shares not already owned by Koito and other rollover participants. The board is currently evaluating the offer[23](index=23&type=chunk)[24](index=24&type=chunk) - In March 2024, Cepton and its tier 1 partner, Koito, were notified of a new series production award, with details yet to be finalized[25](index=25&type=chunk) - As of December 31, 2023, the company had **87** full-time employees, with **16** holding PhDs[106](index=106&type=chunk) [Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from financial losses, uncertain lidar market adoption, reliance on key partners, program cancellations, capital needs, competition, and Koito's influence - The company is an early-stage entity with a history of losses and expects to incur significant expenses and continuing losses for the foreseeable future[112](index=112&type=chunk)[117](index=117&type=chunk) - The business is highly dependent on the selection of its lidar products for ADAS and autonomous driving systems by automotive OEMs and tier 1 suppliers. The cancellation of the GM series production award highlights the risk of program changes[112](index=112&type=chunk)[129](index=129&type=chunk)[162](index=162&type=chunk) - Koito holds significant influence over the company through its Preferred Stock ownership, board representation, and investor consent rights on major corporate actions, which may create conflicts of interest[116](index=116&type=chunk)[255](index=255&type=chunk)[258](index=258&type=chunk) - A material weakness in internal control over financial reporting has been identified, related to not maintaining a sufficient complement of resources with appropriate accounting knowledge for a public company[116](index=116&type=chunk)[202](index=202&type=chunk) [Unresolved Staff Comments](index=55&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments from the SEC - There are no unresolved staff comments[287](index=287&type=chunk) [Cybersecurity](index=55&type=section&id=Item%201C.%20Cybersecurity) The company's cybersecurity risk management is integrated into its overall enterprise risk management process, overseen by the Board of Directors - The Board of Directors oversees enterprise risk management, including cybersecurity threats. The Chief Technology Officer (CTO) is responsible for managing and implementing cybersecurity practices[289](index=289&type=chunk) - To date, the company does not believe that known risks from cybersecurity threats have materially affected its business, strategy, or financial condition, and it has not experienced any material cybersecurity incidents[290](index=290&type=chunk)[291](index=291&type=chunk) [Properties](index=55&type=section&id=Item%202.%20Properties) Cepton's headquarters is a leased 92,842 square foot facility in San Jose, California, which houses business development, G&A, R&D, and manufacturing functions - The company's main facility is a leased **92,842 sq. ft.** headquarters in San Jose, CA. It also leases smaller facilities in Santa Clara, CA, and Troy, MI[292](index=292&type=chunk) [Legal Proceedings](index=56&type=section&id=Item%203.%20Legal%20Proceedings) The company states that from time to time it may be involved in various legal claims in the normal course of business, but it currently believes none are likely to have a material adverse effect on its financial position - The Company is not currently involved in any legal proceedings that are expected to have a material adverse effect on its financial position[293](index=293&type=chunk) [Mine Safety Disclosures](index=56&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[294](index=294&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=57&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Cepton's common stock and warrants are listed on The Nasdaq Global Select Market under the symbols "CPTN" and "CPTNW," respectively - Common stock and warrants are listed on Nasdaq under symbols CPTN and CPTNW[297](index=297&type=chunk) - As of March 8, 2024, there were approximately **31** holders of record of common stock[298](index=298&type=chunk) - The company has never declared or paid cash dividends and does not expect to in the foreseeable future[299](index=299&type=chunk) [Reserved](index=57&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=57&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In fiscal year 2023, Cepton's revenue grew 76% to **$13.1 million**, gross profit improved to **$3.6 million**, and operating loss narrowed to **$50.7 million**, with liquidity bolstered by a **$100 million** Koito investment Fiscal Year 2023 vs 2022 Performance | Metric | 2023 (in thousands) | 2022 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | $13,056 | $7,426 | 76% | | Gross Profit | $3,550 | $194 | NM | | Operating Loss | $(50,703) | $(61,448) | (17%) | | Net (Loss) Income | $(48,546) | $9,380 | NM | - As of December 31, 2023, the company had **$56.4 million** in cash, cash equivalents, and short-term investments. Management believes this is sufficient to meet liquidity needs for at least the next twelve months[352](index=352&type=chunk) - In January 2023, the company completed the sale of 100,000 shares of Series A Convertible Preferred Stock to Koito for **$100.0 million**[354](index=354&type=chunk) - The company has an accumulated deficit of **$134.6 million** as of December 31, 2023, and incurred negative cash flows from operating activities of **$35.5 million** for the year[355](index=355&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=68&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposures are from fluctuations in foreign currency exchange rates and interest rates - The company's main market risks are foreign currency exchange rates and interest rates[382](index=382&type=chunk) - Substantially all revenue is denominated in U.S. dollars, while expenses are primarily in the U.S. and Germany. The company does not currently use hedging strategies[385](index=385&type=chunk) - The company does not believe inflation has had a material effect on its business or results of operations[383](index=383&type=chunk) [Financial Statements and Supplementary Data](index=69&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents Cepton's audited consolidated financial statements for 2023 and 2022, including balance sheets, statements of operations, cash flows, and notes detailing key accounting policies and significant events Consolidated Balance Sheet Highlights (in thousands) | | Dec 31, 2023 (in thousands) | Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $50,406 | $31,953 | | Total current assets | $63,649 | $46,214 | | Total assets | $76,449 | $50,316 | | **Liabilities & Equity** | | | | Total current liabilities | $7,069 | $47,042 | | Total liabilities | $15,925 | $48,683 | | Total stockholders' equity (deficit) | $(38,367) | $1,633 | Consolidated Statement of Operations Highlights (in thousands) | | Year Ended Dec 31, 2023 (in thousands) | Year Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | Total revenue | $13,056 | $7,426 | | Gross profit | $3,550 | $194 | | Operating loss | $(50,703) | $(61,448) | | Net (loss) income | $(48,546) | $9,380 | Consolidated Cash Flow Highlights (in thousands) | | Year Ended Dec 31, 2023 (in thousands) | Year Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | $(35,523) | $(57,997) | | Net cash used in investing activities | $(2,362) | $(1,551) | | Net cash provided by financing activities | $54,632 | $88,550 | - A one-for-ten reverse stock split became effective on September 21, 2023. All share and per-share amounts have been retroactively adjusted[411](index=411&type=chunk) - As a result of the GM series production award cancellation, the company has a contingent liability for a potential loss of up to **$1.3 million** to contract manufacturers and a contingent gain from a significant recovery claim submitted to Koito, which was not recognized as of Dec 31, 2023[538](index=538&type=chunk)[539](index=539&type=chunk) [Changes in and Disagreements With Accountants on Accounting and Financial Disclosures](index=108&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20With%20Accountants%20on%20Accounting%20and%20Financial%20Disclosures) The company reports no changes in or disagreements with its accountants on accounting and financial disclosures - None reported[554](index=554&type=chunk) [Controls and Procedures](index=108&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were not effective as of December 31, 2023 - Disclosure controls and procedures were concluded to be not effective as of December 31, 2023[556](index=556&type=chunk) - A material weakness in internal control over financial reporting was identified and continues to exist. The weakness is due to not maintaining a sufficient complement of resources with an appropriate level of accounting knowledge and experience for a public company[557](index=557&type=chunk) [Other Information](index=109&type=section&id=Item%209B.%20Other%20Information) The company reports no other information - None[563](index=563&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=109&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[564](index=564&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=110&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) The company is led by President and CEO Dr. Jun Pei, with a seven-member Board of Directors divided into three staggered classes, four of whom are independent - The executive team is led by Dr. Jun Pei, President, CEO & Chairman of the Board[567](index=567&type=chunk)[568](index=568&type=chunk) - The Board of Directors is comprised of **seven** members and is staggered into three classes, with terms expiring in 2024, 2025, and 2026[583](index=583&type=chunk) - The Board has determined that **four** of its directors are independent: Dr. Jun Ye, Mr. George Syllantavos, Dr. Mei (May) Wang, and Mr. Xiaogang (Jason) Zhang[676](index=676&type=chunk) - Two directors, Mr. Takayuki Katsuda and Mr. Hideharu (Harry) Konagaya, are designees of Koito and are not considered independent[658](index=658&type=chunk)[677](index=677&type=chunk) [Executive Compensation](index=114&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation includes base salary, potential annual cash bonuses, and long-term equity awards, with CEO Dr. Jun Pei's total compensation at **$0.56 million** for 2023, and non-employee directors receiving cash and RSU grants 2023 Named Executive Officer Compensation | Name and Principal Position | Year | Salary ($) | Stock Awards ($) | All Other Compensation ($) | Total ($) | | :--- | :--- | :--- | :--- | :--- | :--- | | Dr. Jun Pei, CEO | 2023 | 320,000 | 238,273 | — | 558,273 | | Mr. Mitchell Hourtienne, CCO | 2023 | 280,000 | 302,683 | 72,390 | 655,073 | | Dr. Dongyi Liao, CTO | 2023 | 280,000 | 328,483 | — | 608,483 | - No discretionary cash bonuses were awarded to any of the Named Executive Officers for 2023[617](index=617&type=chunk) - Employment agreements for NEOs provide for severance payments (12-18 months of base salary) and accelerated equity vesting upon termination without cause or for good reason, with enhanced benefits if termination occurs in connection with a change in control[619](index=619&type=chunk)[620](index=620&type=chunk) - Non-employee directors receive an annual cash retainer of **$0.04 million**, additional retainers for committee service, and an annual RSU award valued at approximately **$0.12 million**[624](index=624&type=chunk)[625](index=625&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=119&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) As of March 8, 2024, Koito Manufacturing Co., Ltd. is a significant beneficial owner at **29.9%**, with CEO Dr. Jun Pei at **16.2%**, and all current directors and executive officers as a group owning approximately **35.8%** Security Ownership of >5% Beneficial Owners (as of March 8, 2024) | Name of Beneficial Owner | Number of Shares Beneficially Owned | Percentage (%) | | :--- | :--- | :--- | | Koito Manufacturing Co., Ltd. | 5,946,705 | 29.9% | | Dr. Jun Ye (Director) | 2,591,695 | 16.3% | | Dr. Jun Pei (CEO & Director) | 2,579,098 | 16.2% | | Mark McCord | 1,031,771 | 6.5% | | Yupeng Cui | 963,098 | 6.0% | | All directors and executive officers as a group (11 individuals) | 5,923,451 | 35.8% | [Certain Relationships and Related Transactions, and Director Independence](index=121&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The company's most significant related party relationship is with Koito Manufacturing Co., Ltd., a major stockholder and strategic partner, which invested **$100 million** in January 2023, granting significant rights and later submitting an acquisition proposal - On January 19, 2023, the company sold 100,000 shares of Series A Convertible Preferred Stock to Koito for **$100.0 million**[657](index=657&type=chunk) - An Investor Rights Agreement grants Koito the right to designate two directors to the Board and requires Koito's consent for numerous significant corporate actions, including issuing senior securities, incurring substantial debt, and making large acquisitions[658](index=658&type=chunk)[659](index=659&type=chunk) - Koito is a major customer, accounting for **52%** of total revenues in 2023. In December 2023, Koito cancelled all purchase orders related to the GM series production award[670](index=670&type=chunk)[545](index=545&type=chunk) - On December 21, 2023, Cepton received a non-binding indication of interest from Koito to acquire 100% of the outstanding shares not already owned by Koito and other rollover participants[672](index=672&type=chunk) [Principal Accounting Fees and Services](index=125&type=section&id=Item%2014.%20Principal%20Accounting%20Fees%20and%20Services) The company's independent registered public accounting firm is KPMG LLP. All services and fees were pre-approved by the Audit Committee Accounting Fees Billed by KPMG LLP | Fee Category | 2023 ($) | 2022 ($) | | :--- | :--- | :--- | | Audit Fees | $670,000 | $680,000 | | Audit-Related Fees | — | — | | Tax Fees | — | — | | All Other Fees | — | — | | **Total Fees** | **$670,000** | **$680,000** | Part IV [Exhibits and Financial Statement Schedules](index=126&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the documents filed as part of the Annual Report on Form 10-K, including the Business Combination Agreement, corporate governance documents, material contracts, and various certifications [Form 10-K Summary](index=127&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable - None[687](index=687&type=chunk)
Cepton(CPTN) - 2023 Q4 - Earnings Call Transcript
2024-03-29 02:28
Cepton, Inc. (NASDAQ:CPTN) Q4 2023 Earnings Conference Call March 28, 2024 5:30 PM ET Company Participants Dennis Chang - Interim CFO Jun Pei - Co-Founder and CEO Mitch Hourtienne - Chief Commercial Officer Conference Call Participants Shadi Mitwalli - Craig-Hallum Kevin Garrigan - WestPark Capital Auguste Richard - Northland Capital Matthew Galinko - Maxim Group Operator Greetings, and welcome to the Q4 and Full Year 2023 Cepton Business Update and Earnings Call. [Operator Instructions] As a reminder, this ...
Cepton, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Date
Businesswire· 2024-03-12 13:00
SAN JOSE, Calif.--(BUSINESS WIRE)--Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today it will provide a business update and release its financial results for the fourth quarter and full year 2023 following the close of the market on Thursday, March 28, 2024. Cepton will hold a conference call and webcast at 2:30 p.m. PT (5:30 p.m. ET) that same day. What: Cepton, Inc. Fourth Quarter and Full Year 2023 Results When: Thursday, ...
Cepton(CPTN) - 2023 Q3 - Quarterly Report
2023-11-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Cepton, Inc. (Exact name of registrant as specified in its charter) | Delaware | 001-39959 | 27-2447291 | | --- | --- | --- | | (State or other jurisdi ...
Cepton(CPTN) - 2023 Q3 - Earnings Call Transcript
2023-11-12 13:31
Cepton, Inc. (NASDAQ:CPTN) Q3 2023 Earnings Conference Call November 9, 2023 5:30 PM ET Company Participants Hull Xu - Chief Financial Officer Jun Pei - Co-Founder & Chief Executive Officer Mitch Hourtienne - Senior Vice President of Business Development Conference Call Participants Tom Narayan - RBC Capital Markets Kevin Garrigan - WestPark Capital Matthew Galinko - Maxim Group Richard Shannon - Craig-Hallum Operator Hello and welcome to the Third Quarter 2023 Cepton Inc. Business Update and Earnings Call. ...
Cepton(CPTN) - 2023 Q2 - Quarterly Report
2023-08-08 16:00
Business Developments - Cepton has received a significant ADAS lidar series production award from General Motors, initially covering four vehicle models and later expanded to nine models, with production expected to start at the end of 2023[12][22]. - The company is engaged with all of the top 10 global automotive OEMs, indicating strong market interest and potential for future series production awards[23][29]. - Cepton's lidar solutions are positioned for mass-market adoption, focusing on high performance, reliability, and competitive pricing to meet automotive industry standards[10][11]. Financial Performance - Total revenue for the three months ended June 30, 2023, was $2.8 million, reflecting a $228,000 increase, or 9%, from $2.6 million in the same period of 2022[49]. - Lidar sensor and prototype revenue increased by $1.3 million, or 92%, to $2.8 million for the three months ended June 30, 2023, compared to $1.4 million for the same period in 2022[51]. - Gross profit for the three months ended June 30, 2023, was $434,000, a significant improvement of $957,000 compared to a loss of $523,000 in the same period of 2022[49]. - Net loss for the three months ended June 30, 2023, was $14.2 million, a decrease of $15.0 million compared to a net income of $843,000 in the same period of 2022[49]. - The company reported a net loss of $28.9 million for the six months ended June 30, 2023, compared to a net income of $42.0 million for the same period in 2022[86][87]. - Cash used in operating activities was $21.2 million for the six months ended June 30, 2023, an improvement from $32.3 million used in the same period in 2022[85][86]. Expenses and Costs - Total operating expenses for the three months ended June 30, 2023, were $15.6 million, a slight decrease of $25,000 compared to $15.6 million in the same period of 2022[49]. - Research and development expenses increased by $0.5 million, or 3%, to $16.6 million for the six months ended June 30, 2023, from $16.1 million for the same period in 2022[57]. - Selling, general, and administrative expenses decreased by $2.3 million, or 15%, to $12.9 million for the six months ended June 30, 2023, from $15.2 million for the same period in 2022[65]. - Lidar sensor and prototype cost of revenue decreased by $0.2 million, or 7%, to $2.3 million for the three months ended June 30, 2023, from $2.5 million for the same period in 2022[54]. - Development revenue decreased by $0.9 million, or 78%, to $0.3 million for the six months ended June 30, 2023, from $1.2 million for the same period in 2022[53]. Cash Flow and Financing - The company had cash, cash equivalents, and short-term investments totaling $69.6 million as of June 30, 2023, which is expected to meet liquidity needs for at least the next twelve months[76]. - Financing activities provided $54.6 million of cash during the six months ended June 30, 2023, primarily from the issuance of Preferred Stock to Koito[90]. - The issuance of 100,000 shares of Series A Convertible Preferred Stock to Koito raised $100.0 million, with conversion rights starting January 19, 2024[79]. - Interest income turned into a net interest income of $1.2 million for the six months ended June 30, 2023, compared to a net interest expense of $1.3 million for the same period in 2022[73]. - Investing activities used $33.8 million of cash during the six months ended June 30, 2023, primarily for short-term investments[88]. Market Conditions and Future Outlook - Supply chain shortages have led to increased lead times for products, potentially causing mismatches between supply and demand[27]. - The global economic environment remains volatile, impacting consumer confidence and economic growth, which could affect Cepton's business operations[18]. - The company expects to continue investing in research and development, which may lead to further operating losses in the future[80]. - Gross margins are expected to initially decrease as series production begins but are projected to improve as production volumes increase and material costs decrease[31][38]. - The company aims to drive down product costs to facilitate mass-market adoption of lidar in automotive applications[26].
Cepton(CPTN) - 2023 Q2 - Earnings Call Transcript
2023-08-07 23:57
Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $2.8 million, representing a 9% increase year-over-year and an 88% increase compared to the previous quarter, marking a new record for the company [7][40] - The company achieved a record gross margin of 15.6% on a GAAP basis, primarily driven by a favorable revenue mix and fixed cost leverage [46][64] Business Line Data and Key Metrics Changes - The company reported a significant increase in shipments to both automotive and smart infrastructure customers, with automotive shipments expected to double each sequential quarter for the remainder of the year [58][61] - The revenue mix was approximately two-thirds from automotive and one-third from smart infrastructure [74] Market Data and Key Metrics Changes - The U.S. market remains the largest for Level 2 plus and Level 3 ADAS features, with increasing interest from major automotive OEMs in integrating LiDAR technology [61][62] - The company is in final discussions for what is believed to be the largest automotive OEM series production award this year [5][24] Company Strategy and Development Direction - The company is focused on scaling production capabilities and enhancing manufacturing efficiency to meet increasing demand from automotive OEMs [58][90] - There is a strong emphasis on developing automotive perception software to complement LiDAR technology, positioning the company favorably in the market [42][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production milestones and highlighted the importance of partnerships with OEMs like General Motors and Koito [3][19] - The company anticipates a rebound in gross margins as unit volumes grow and economies of scale are achieved [21][23] Other Important Information - The second quarter GAAP net loss was $14.2 million, with available liquidity of approximately $168 million as of June 30, 2023 [64] - The company has received its first production order for LiDAR installations across multiple airports in the U.S., indicating expansion into new markets [45][58] Q&A Session Summary Question: What are the expectations for gross margin dynamics as automotive volumes ramp up? - Management indicated that gross margins are expected to scale back initially but should rebound as production volumes increase, with a target of mid-40s gross margin at maturity [9][23] Question: How many outstanding decisions are expected to be made this year, and what is the company's position? - The company is in final rounds with multiple OEMs and believes it holds a leading position due to its experience and partnerships [10][24] Question: Can you provide insights on the potential for expanding the smart tolling contract? - Management noted that there are opportunities for expanded scope within the smart tolling contract, with significant potential for growth in the coming years [50][80] Question: How does the company view the integration challenges faced by General Motors? - Management highlighted that General Motors handles sensor fusion and perception software in-house, which allows for better control and fewer integration issues compared to competitors [72][81]
Cepton(CPTN) - 2023 Q2 - Earnings Call Presentation
2023-08-07 23:00
《《EPTON Q2'23 August 7, 2023 2 This presentation of Cepton, Inc. ("Cepton" or the "Company") includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this presentation are forward-looking statements. The statements included in this presentation that refer to projections, forecasts or other characterizations of future events or c ...
Cepton(CPTN) - 2023 Q1 - Earnings Call Transcript
2023-05-13 23:31
Cepton, Inc. (NASDAQ:CPTN) Q1 2023 Results Conference Call May 9, 2023 5:30 PM ET Company Participants Hull Xu - CFO Jun Pei - Co-Founder and CEO Mitch Hourtienne - SVP, Business Development Conference Call Participants Richard Shannon - Craig-Hallum Gus Richard - Northland Matthew Galinko - Maxim Group Operator Good day, and welcome to Ceptons' First Quarter 2013 Earnings Call and Business Update. At this time, all lines in a listen-only mode. Following the presentation, we will conduct a question-and-answ ...
Cepton(CPTN) - 2023 Q1 - Quarterly Report
2023-05-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Cepton, Inc. (Exact name of registrant as specified in its charter) | Delaware | 001-39959 | 27-2447291 | | --- | --- | --- | | (State or other jurisdictio ...