Stock Analysis
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- NYSE:VLN
Valens Semiconductor First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Valens Semiconductor (NYSE:VLN) First Quarter 2024 Results
Key Financial Results
- Revenue: US$11.6m (down 52% from 1Q 2023).
- Net loss: US$10.0m (loss widened by 87% from 1Q 2023).
- US$0.097 loss per share (further deteriorated from US$0.053 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Valens Semiconductor Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 33%.
Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 4.3% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Valens Semiconductor has 2 warning signs we think you should be aware of.
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Find out whether Valens Semiconductor is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:VLN
Valens Semiconductor
Engages in the provision of semiconductor products for the audio-video and automotive industries.
Flawless balance sheet and fair value.