Valens (VLN) has released an update.
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Valens Semiconductor reported a strong third quarter for 2024, surpassing guidance in all metrics, driven by demand for its high-performance connectivity solutions. The company secured three automotive design wins with European OEMs and noted significant adoption of its VS6320 chips in the audio-video market, highlighting its potential in the machine vision sector. Despite a net loss, Valens maintains a solid cash position, positioning itself for future growth opportunities.
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