Valens Semiconductor Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Valens Semiconductor (NYSE:VLN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$16.0m (up 13% from 3Q 2023).
• Net loss: US$10.4m (loss narrowed by 17% from 3Q 2023).
• US$0.098 loss per share (improved from US$0.12 loss in 3Q 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 4.5%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 5.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Valens Semiconductor that you should be aware of.

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