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Cepton, Inc. - CPTN STOCK NEWS

Welcome to our dedicated page for Cepton news (Ticker: CPTN), a resource for investors and traders seeking the latest updates and insights on Cepton stock.

Cepton, Inc. (symbol: CPTN) specializes in providing innovative lidar-based solutions for various markets, including automotive, smart cities, smart spaces, and smart industrial applications. The company's patented MMT-based lidar technology is a cornerstone of its product offerings, ensuring reliable, scalable, and cost-effective solutions that deliver long-range, high-resolution 3D perception for a variety of smart applications.

Core Business: Cepton's core business revolves around its pioneering lidar technology, which is instrumental in enhancing automation and safety. The company's products are integral to the development of autonomous vehicles, advanced driver-assistance systems (ADAS), and smart city infrastructures.

Recent Achievements: Cepton has made significant strides in expanding its market presence and technological capabilities. Recently, the company announced partnerships with leading automotive manufacturers to integrate its lidar technology in next-generation vehicles. Additionally, Cepton's lidar solutions are being adopted in smart city projects to enhance traffic management and public safety.

Current Projects: Cepton is actively involved in projects aimed at advancing autonomous driving technologies. The company is also collaborating with city planners and industrial partners to deploy its lidar systems in smart city and smart industrial applications, aiming to improve efficiency and safety.

Financial Condition: Cepton has shown a robust financial performance with steady revenue growth, driven by increasing demand for its lidar solutions. The company continues to invest in research and development to maintain its competitive edge and expand its product portfolio.

Partnerships and Alliances: Cepton's strategic partnerships with automotive giants and technology firms underscore its commitment to innovation and market expansion. These collaborations enhance the company's ability to deliver cutting-edge solutions that meet the evolving needs of its diverse clientele.

Products: Cepton offers a range of lidar products designed to cater to specific market needs. These include high-precision sensors for vehicles, versatile lidar systems for smart city applications, and robust solutions for industrial automation.

Through its dedication to innovation and excellence, Cepton is poised to continue playing a pivotal role in the advancement of lidar technology and its applications across various sectors.

Rhea-AI Summary
Cepton, Inc. (Nasdaq: CPTN) has received a non-binding indication of interest from Koito Manufacturing Co., Ltd. to acquire 100% of the outstanding shares of the company not already owned by Koito or certain other potential rollover participants. The terms of the potential agreement are contingent on various conditions, and Cepton's Board of Directors will carefully evaluate Koito's indication of interest within the context of the ongoing review of various alternatives. No assurance can be given that a definitive transaction will eventually be consummated.
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CPTN - Cepton, Inc. Announces Record Shipment Volumes and Financial Results for Q3 2023. Revenue increased by 112% YoY, reaching $3.8 million. The company achieved record shipment volumes for the automotive end market and secured design wins at major airports. Cepton expects full year 2023 revenue to be between $9 million and $11 million.
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Cepton, Inc. announced a partnership with The Indoor Lab to deploy lidar-based AI analytics at Tampa International Airport, aiming to revolutionize airport operations and provide round-the-clock operational analytics and leverage artificial intelligence for managing both indoor and outdoor spaces.
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Cepton, Inc. to provide business update and release financial results for Q3 2023
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Cepton, Inc. has announced a 1-for-10 reverse stock split, effective September 21, 2023. The Company's Common Stock will begin trading on a split-adjusted basis on September 22, 2023. The terms of outstanding warrants and equity-based awards were proportionately adjusted. The exercise price for the Company's warrants trading under the symbol 'CPTNW' is now $115.00.
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Cepton appoints Mitch Hourtienne as Chief Commercial Officer to drive business growth and market success
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Cepton, Inc. announces a 1-for-10 reverse stock split of its common stock, effective on September 21, 2023. The stock will begin trading on a split-adjusted basis on September 22, 2023. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the company’s outstanding common stock. The exercise price for the company's warrants trading under the symbol 'CPTNW' will be $115.00.
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Cepton, Inc. to participate in investor conferences in September 2023
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Cepton, Inc. will release its financial results for the second quarter of 2023 on August 7. A conference call and webcast will be held on the same day.
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FAQ

What is the current stock price of Cepton (CPTN)?

The current stock price of Cepton (CPTN) is $3.25 as of January 6, 2025.

What is the market cap of Cepton (CPTN)?

The market cap of Cepton (CPTN) is approximately 51.7M.

What does Cepton, Inc. specialize in?

Cepton, Inc. specializes in providing lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications.

What is Cepton's core technology?

Cepton's core technology is their patented MMT-based lidar technology, which provides reliable, scalable, and cost-effective long-range, high-resolution 3D perception.

What are some recent achievements of Cepton, Inc.?

Cepton has recently announced partnerships with leading automotive manufacturers and is seeing its lidar solutions adopted in smart city projects for enhanced traffic management and public safety.

What current projects is Cepton, Inc. involved in?

Cepton is involved in projects advancing autonomous driving technologies and collaborating on smart city and industrial applications to improve efficiency and safety.

How is Cepton, Inc. performing financially?

Cepton has shown robust financial performance with steady revenue growth, driven by increasing demand for its innovative lidar solutions.

Who are some of Cepton, Inc.'s partners?

Cepton has strategic partnerships with automotive giants and technology firms, enhancing its ability to deliver cutting-edge solutions.

What products does Cepton, Inc. offer?

Cepton offers a range of lidar products, including high-precision sensors for vehicles, versatile systems for smart cities, and robust solutions for industrial automation.

What markets does Cepton, Inc. serve?

Cepton serves markets such as automotive, smart cities, smart spaces, and smart industrial applications.

How does Cepton, Inc.'s lidar technology benefit smart cities?

Cepton's lidar technology enhances smart cities by improving traffic management, public safety, and overall city infrastructure through high-resolution 3D perception.

What makes Cepton, Inc.'s lidar solutions cost-effective?

Cepton's use of patented MMT technology ensures that their lidar solutions are not only reliable and scalable but also cost-effective, making them accessible for a wide range of applications.
Cepton, Inc.

Nasdaq:CPTN

CPTN Rankings

CPTN Stock Data

51.69M
6.53M
59.31%
5.42%
0.18%
Scientific & Technical Instruments
Motor Vehicle Parts & Accessories
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