Cepton reports Q2 EPS (8c), consensus (9c)

Reports Q2 revenue $2.8M, consensus $2.7M. “We set new company records for shipment volumes across both automotive and smart infrastructure end markets during the second quarter,” said Jun Pei, Cepton’s Co-Founder and CEO. “Our strong execution capabilities while maintaining our commitment to quality and reliability will be key differentiating factors as our shipments continue to grow for the remainder of this year to meet our OEM customer needs.”