Cepton (NASDAQ:CPTN) Issues Earnings Results, Beats Expectations By $0.26 EPS

Cepton (NASDAQ:CPTN) issued its earnings results on Monday. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.26, Zacks reports. The company had revenue of $10.43 million during the quarter, compared to the consensus estimate of $11.00 million.

Cepton Trading Up 0.3 %

Shares of CPTN traded up $0.01 during mid-day trading on Wednesday, reaching $3.04. 3,007 shares of the stock traded hands, compared to its average volume of 33,264. The company has a market cap of $48.40 million, a price-to-earnings ratio of -1.18 and a beta of 0.07. Cepton has a 1 year low of $2.38 and a 1 year high of $6.50. The firm has a fifty day moving average price of $2.71 and a 200 day moving average price of $2.74.

Analyst Ratings Changes

Separately, Westpark Capital reissued a “hold” rating on shares of Cepton in a report on Wednesday.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.