Valens Semiconductor Reports Strong Q2 2024 Earnings

Valens Semiconductor Ltd. (NYSE:VLN) Q2 2024 Earnings Call Transcript

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

Valens Semiconductor reports quarterly earnings By Investing.com

Valens Semiconductor Ltd. announced its Q2 2024 earnings, reporting revenues of $13.6 million, which surpassed guidance expectations. The organic revenue was $13.2 million, and the company achieved a gross margin of 61.4%. Additionally, Valens acquired Acroname for $7.8 million, which contributed $0.4 million in revenue. Despite an adjusted EBITDA loss of $5.2 million, the company is focused on expanding into the $1 billion annual total addressable market (TAM) in audio and video connectivity, as well as into machine vision and industrial sectors.

Valens

Valens Semiconductor to Participate in Upcoming Investor Conferences

Valens Semiconductor to Participate in Upcoming Investor ...

Valens Semiconductor announced its participation in several upcoming investor conferences, including the Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 13, 2024, where CFO Guy Nathanzon will present and hold one-on-one meetings. Additionally, Valens will engage in one-on-one meetings at the Jefferies Semiconductor, IT Hardware & Communications Technology Summit and the Evercore ISI 2024 Semiconductor, IT Hardware & Networking Conference, both taking place in Chicago, IL. This participation highlights Valens' commitment to engaging with investors and showcasing its leadership in high-performance connectivity.

Valens Semiconductor Reports Q3 Revenue Expectations

Valens Semiconductor sees Q3 revenue $14.7M-$15.4M, consensus $14.28M

Valens Semiconductor has announced its revenue expectations for Q3, forecasting between $14.7 million and $15.4 million, with Acroname expected to contribute $1.2 million to $1.4 million. The company anticipates a gross margin of 52.0% to 53.0%, alongside an adjusted EBITDA loss ranging from $(6.8) million to $(6.3) million. CEO Nathanzon highlighted Valens' strong cash position and the potential for future mergers and acquisitions as part of its growth strategy.

Valens Semiconductor Reports Q2 EPS and Revenue

Valens Semiconductor reports Q2 EPS (4c), consensus (6c)

Valens Semiconductor reported its Q2 earnings, achieving an EPS of 4 cents, which met consensus expectations, and revenue of $13.6 million, surpassing the consensus of $12.71 million. CEO Gideon Ben-Zvi expressed confidence in the company's progress and the positive trends across various verticals, despite facing short-term challenges in the Audio-Video sector. The results reflect Valens' solid execution of its long-term strategy and the growing market demand for its chipsets.

Valens Semiconductor beats revenue guidance in Q2 2024

Earnings call: Valens Semiconductor beats revenue guidance in Q2 2024

Valens Semiconductor reported a revenue of $13.6 million for Q2 2024, exceeding its revenue guidance. The company achieved a GAAP gross margin of 61.4%, although it faced an adjusted EBITDA loss of $5.2 million. Additionally, Valens acquired Acroname to enhance its capabilities in the industrial and audio-video markets. The VS6320 chipset is performing well in the audio-video sector and is anticipated to boost future revenue. Valens remains optimistic about its long-term growth, especially in machine vision and automotive sectors.

Valens Semiconductor Reports Q2 2024 Earnings and Acquires Acroname

Valens looks to acquisitions as markets falls ...

Valens Semiconductor reports quarterly earnings

Valens Semiconductor Surpasses Q2 Revenue Goals

Valens Semiconductor reported Q2 2024 revenues of $13.6 million, down from $24.2 million in Q2 2023, reflecting challenges in the automotive chip market. The company announced its first acquisition of Acroname for $7.8 million, aiming to diversify into automation and control technologies. The acquisition includes potential earn-out payments based on future performance. Despite the revenue decline, Valens anticipates future growth with new products and a strong balance sheet supporting further acquisitions.

Valens Semiconductor Ltd.'s Market Cap Reaches US$243 Million

Valens Semiconductor Ltd.'s (NYSE:VLN) market cap touched US$243m last week, benefiting both individual investors who own 43% as well as institutions

Valens Semiconductor Ltd. has seen its market capitalization rise to US$243 million, reflecting a strong ownership structure with individual investors holding 43% and institutions 31% of the company's stock. Notably, 11 investors control a majority stake, including significant holdings by institutions like Value Base Ltd. and Asset Management Arm. Additionally, insiders own shares worth US$14 million, demonstrating alignment with shareholder interests.

Valens is a leading provider of high-performance connectivity chipsets, with a focus on transforming digital experiences through its revolutionary HDBaseT technology. The company's chipsets are embedded in various devices, enabling the transmission of multiple signals and power over a single cable, making it indispensable for exceptional digital experiences in the professional audio-video market. Valens has gained recognition for its technology, including an Emmy award, and has a customer base comprising major consumer electronic companies worldwide. The company's technology is widely used in leading products across industries, including Logitech's conferencing equipment, Samsung's outdoor Terrace TV, and Siemens' imaging systems. Additionally, Valens has ventured into the autonomous driving industry, with its chips being adopted in Mercedes-Benz's S-Class and chosen as the connectivity standard for ADAS applications by the MIPI Alliance. Valens continues to evolve its technology to enable high-performance long-distance connectivity and set industry standards for digital connectivity.

Valens Semiconductor is a leading provider of semiconductor products, pushing the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the professional audio-visual and automotive industries. 
Valens’ Emmy® award-winning HDBaseT technology is the leading standard in the professional AV market with tens of millions of Valens’ chipsets integrated into thousands of HDBaseT-enabled products, including switches, matrixes, displays, projectors, AV receivers, extenders, and more. 
Valens Automotive is a key enabler of the evolution of autonomous driving, providing the ultra-high-speed solution necessary to connect the growing number of in-vehicle sensors, cameras, radars, and lidars. The automotive chipsets are on the road in premium vehicles around the world, and the underlying technology has been selected to become the basis for the new international standard for automotive connectivity. Founded in 2006, Valens is based in Tel Aviv, Israel with offices in the US, Europe and Asia. 

To learn more, visit www.valens.com and follow Valens on Twitter @ValensAuto

MediaTek

Magma Venture Partners

Samsung Catalyst Fund

Axess Ventures

Goldman Sachs

Delphi

EG Capital Advisors

Israel Growth Partners

Oppenheimer & Co.

F+ Ventures

Linse Capital

Valens Semiconductor

We're excited to introduce Valens' new brand identity!
Valens has evolved over the past 17 years, and our new brand, which includes a new visual identity, logo, and website, represents our unique company culture, values, and high-performance technology. 
Our chipsets are the hidden gems that power innovation across industries. 
It's time to let our gems shine.
Read our press release https://lnkd.in/ddygShVD to learn more about the evolution of our brand and check out our new site! https://www.valens.com/

Valens Semiconductor is bringing ADAS functionality to the trucking industry. 
Introducing Valens' VA700R Series, offering multi-gig connectivity over an unprecedented link distance of 40m. Truckers finally have a resilient solution for seamless 360° surround view, making the roads safer. #autonomousdriving #adas https://lnkd.in/dCcJXqbc

Intel Corporation will gain a stronger foothold in the global auto market with a partnership to produce chips for Valens Semiconductor... #semiconductormanufacturing #intelfoundryservices #intel #chiplets #autoindustry Gideon Ben-Zvi 

https://lnkd.in/ePwEpzkz

Exciting first day at #CES2024 as we showcased live demos of our high-performance VA7000 chipsets for ADAS, displayed the expanding MIPI A-PHY ecosystem product gallery, and unveiled the award-winning VS6320 chipset for USB3.2 extension. Looking forward to three more days to connect, collaborate, and explore our cutting-edge technology with industry leaders. MIPI Alliance

Join us at CES 2024 (LVCC West Hall, W317) for an exclusive glimpse into the future of high-performance connectivity technology! Learn more about our groundbreaking solutions on display at the show in our press release:
https://lnkd.in/d3ZZMnvv #ces2024

“One of the goals of Intel Foundry Services is to identify transformative technologies, and harness Intel’s breakthrough process technology and global ecosystem to accelerate innovation and unlock new opportunities for our customers. The MIPI A-PHY chipset is an obvious fit – a next-generation technology with the potential for broad market adoption that can help advance automotive performance and safety and further the autonomous vision.” Stuart Pann, Senior Vice President and General Manager, Intel Foundry Services Intel Corporation MIPI Alliance 
https://lnkd.in/dRiihVWj

As we wrap up this dynamic year, we are embracing the holiday season to recharge, Renew, and prepare for the larger opportunities that lay ahead this coming year. From all of us at Valens Semiconductor, may 2024 bring you much happiness and growth!

Chag Hanukkah Sameach from Valens! 
May the fire from our menorahs spread light to us all.

Register now to discover how our cutting-edge VS6320 chipset empowers the fastest-growing interface in #ProAV. 
#avtweeps AVIXA

We’re excited to announce that our VS6320 chipset has been named CES® 2024 Innovation Awards Honoree in the Embedded Technologies category! 
It’s an honor to be acknowledged by the prestigious CES Innovation Awards program for the 5th time. This achievement wouldn't be possible without the hard work and dedication of our incredible team at Valens. 
 
Join us at CES 2024 LVCC, West Hall, #W317, January 9–12) to explore our latest innovations in in-vehicle connectivity for enhanced ADAS, autonomous and vehicle safety, as well as the award-winning VS6320 audio-video USB3 extension solution.

#CES2024 #CES24
https://lnkd.in/dgv_2suG

Valens Semiconductor Ltd. engages in the provision of semiconductor products that enables high-speed video and data transmission for the audio-video and automotive industries. It offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable. The company offers audio-video solutions for the enterprise, education, digital signage, medical and residential, and industrial markets; and automotive solutions, which provide chipsets that support advanced driver-assistance systems, automated driving systems, infotainment, telecommunications, and basic connectivity. It serves customers through distributors and representatives in Israel, China, Hong Kong, the United States, Mexico, Japan, and internationally. The company was incorporated in 2006 and is headquartered in Hod Hasharon, Israel.

COM:VALENS

Valens

Last Close

2.07

22/11 21:00

Market Cap

289.33M

Beta: -

Volume Today

566.47K

Avg: -

Analysis Not Available