Valens Semiconductor Expects Q3 Revenue Of $14.7M-$15.4M Vs $14.28M Est
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor expects Q3 revenue between $14.7M and $15.4M, surpassing the $14.28M estimate. The company anticipates a gross margin of 52.0%-53.0% and an adjusted EBITDA loss of $(6.8)M to $(6.3)M. Valens is confident in its long-term growth strategy and plans for selective M&A deals.
August 07, 2024 | 10:42 am
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Valens Semiconductor expects Q3 revenue between $14.7M and $15.4M, surpassing the $14.28M estimate. The company anticipates a gross margin of 52.0%-53.0% and an adjusted EBITDA loss of $(6.8)M to $(6.3)M. Valens is confident in its long-term growth strategy and plans for selective M&A deals.
Valens Semiconductor's Q3 revenue projection surpasses market estimates, which is likely to positively impact the stock price in the short term. The company's strong gross margin and confidence in long-term growth, along with plans for future M&A deals, further support a positive outlook.
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