Valens (VLN) has released an update.
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Valens Semiconductor reported a decline in revenue for the nine months ending September 30, 2024, with figures dropping from $62.2 million in 2023 to $41.2 million in 2024. Despite a decrease in total assets from $180.6 million to $171.9 million, the company managed to increase its cash and cash equivalents to $35.4 million. Investors might find interest in the company’s strategies to manage its operating expenses and liabilities amid changing financial dynamics.
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