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Valens Semiconductor sees Q1 revenue $23.6M-$23.8M, consensus $23.88M
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Valens Semiconductor sees Q1 revenue $23.6M-$23.8M, consensus $23.88M

The company said. "For the first quarter of 2023, revenues are expected to range between $23.6 million and $23.8 million. We expect some of our customers who have accrued inventory during the constrained supply environment to consume their inventory during the first half of the year. Gross margin is expected to range between 63.0% and 63.4%, reflecting the higher portion of revenues from our automotive business. Adjusted EBITDA loss is expected to be in the range of $(6.5) million to $(5.9) million."

Published first on TheFly

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