LIDAR Quarterly Insights Q1 2024 Summary

Just_Super/iStock via Getty Images All Western LiDAR companies listed on US exchanges have delivered their Q1 results. The mixed outcomes indicated a challenging year ahead for consumer auto ADAS sector participants, with expectations of experiencing delays and significant cash expenditures. No new nominations were awarded during this period, but Cepton (CPTN) received a confirmation with a $10M NRE payment from Koito (OTCPK:KOTMY) to develop the truck nomination, announced in December. Q1 2024 Results  ...