Valens Semiconductor Raises Q2 Guidance In Anticipation Of Improved Customer Demand, Now Sees Revenue Of $12.5M-$13.0M Vs Prior View Of Relatively Flat To Q1 (Est $11.35M)
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor has updated its Q2 revenue guidance to $12.5M-$13.0M, up from an initial estimate of $11.35M, citing slightly improved customer demand despite a challenging macroeconomic environment. The company also provided updates on expected gross margin and adjusted EBITDA loss.
May 08, 2024 | 10:49 am
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Valens Semiconductor raises its Q2 revenue guidance to $12.5M-$13.0M from an earlier estimate of $11.35M, indicating improved customer demand.
The upward revision in revenue guidance by Valens Semiconductor is a positive signal for investors, indicating stronger than expected customer demand. This could lead to increased investor confidence and potentially a positive short-term impact on VLN's stock price.
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