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Velodyne Lidar (NASDAQ: VLDR, VLDRW) has secured a multi-year agreement to provide lidar sensors to Boston Dynamics, a leader in mobile robotics. This partnership will enhance Boston Dynamics' robots with advanced navigation and perception capabilities, allowing them to operate autonomously in various challenging environments. The lidar sensors are designed for real-time data processing for mapping, object classification, and tracking, enabling robots to safely navigate complex settings without human intervention. This collaboration aims to improve automation across multiple industries.
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) announced the deployment of its Intelligent Infrastructure Solution (IIS) in Helsinki, Finland for traffic data collection and roadway safety enhancement. The initiative showcased IIS's 97% accuracy in counting vehicles, bicycles, and pedestrians, while detecting near-miss collision scenarios. This project, directed by Forum Virium Helsinki in conjunction with local partners, aims to improve traffic management and safety for vulnerable road users. Future steps include enhancing vehicle classification and integrating IIS with traffic signal systems.
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) announced that Sally Frykman, its Chief Marketing Officer, has been named a finalist for the Woman of the Year award from Sensors Converge and Fierce Electronics. This recognition highlights Frykman's leadership in global marketing efforts and her contributions to advancing the company's vision and goals. The award winners will be revealed on June 28 at the Sensors Converge conference in San Jose, California.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) has announced its participation in key June conferences aimed at investors. The events include the Needham and Co. 6th Annual Automotive Technology Day on June 7, featuring a fireside chat and individual meetings, and the Deutsche Bank Global Auto Industry Conference on June 14, with a formal presentation and private meetings. These conferences present an opportunity for Velodyne's management to engage with investors and share insights on their lidar technologies.
Velodyne Lidar reported Q1 2022 revenue of $6.2 million, achieving the high end of guidance, with billings at $11.5 million. The company expects Q2 2022 revenue between $9.5 million and $12.0 million, and billings of $12.0 million to $14.0 million. The report included a GAAP net loss of $49.1 million, or $(0.25) per share, compared to $(0.19) in Q4 2021. Despite supply chain challenges, Velodyne experienced strong demand and made pricing adjustments to mitigate costs.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) has appointed Mark Weinswig as Chief Financial Officer effective May 16, 2022. He succeeds Drew Hamer, who is leaving to focus on family and future career opportunities. Weinswig brings over 25 years of financial leadership experience and aims to enhance profitability and operational excellence in Velodyne's lidar solutions. CEO Ted Tewksbury expressed confidence in Weinswig's ability to drive strategic planning and gross margin improvements, aligning with the company's goal of profitable revenue growth.
Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) showcased its Intelligent Infrastructure Solution (IIS) during a visit from U.S. Transportation Secretary Pete Buttigieg in San Jose, California. The IIS aims to enhance transportation safety and efficiency through advanced lidar technology. Secretary Buttigieg highlighted the program's role in future infrastructure investments under the Bipartisan Infrastructure Law. Velodyne's IIS, featuring sensors and AI software from Bluecity, is deployed globally and aims to address critical road safety issues, especially for vulnerable communities.
Velodyne Lidar will showcase its innovative lidar sensors and software at XPONENTIAL 2022 in Orlando, from April 26 to 28, highlighting critical advancements for autonomous solutions.
Key products on display include the Velarray M1600, Puck, and Ultra Puck sensors, aimed at enhancing safety and efficiency.
Additionally, VP Christina Aizcorbe will discuss the commercialization of automated trucking on April 25, illustrating real-world applications that promise economic growth.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) announced it will report its first quarter 2022 financial results on May 5, 2022, at 1:30 p.m. PT (4:30 p.m. ET). Management will host a conference call to discuss the results, accessible via live call at 844-890-1797 or via webcast at investors.velodynelidar.com. An archived version will also be available after the call. Velodyne is known for its extensive portfolio of lidar technologies, serving industries such as autonomous vehicles, robotics, and smart cities.
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