Reports Q3 revenue $23.14M, consensus $22.65M. "Q3 2022 revenues were a record for Valens Semiconductor, reflecting the growing demand for our industry leading connectivity products," said Gideon Ben-Zvi, CEO of Valens Semiconductor. "Our audio-video business continued expanding into new applications and verticals – from corporate, education, and industrial, to medical and more. In automotive, we expect to double our revenues in 2022 compared to 2021 and expect to further double in 2023 compared to 2022. Also exciting in the automotive space, we received initial RFIs for our VA7000 A-PHY chipsets, an important milestone towards the expected adoption of this advanced connectivity solution, as potential automotive OEM and Tier 1 customers make continued progress in their evaluations. We are on track for first design wins next year with mass production expected to start in 2025.
Published first on TheFly
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