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Valens Semiconductor Ltd. (NYSE: VLN) is a pioneering leader in high-performance connectivity solutions, established in 2006 and based in Hod Hasharon, Israel. The company is renowned for inventing and leading the market in HDBaseT technology, a groundbreaking solution for the transmission of high-throughput video and data streams across various industries, including audio-video (AV), automotive, industrial, and consumer markets.
Valens provides advanced semiconductor products that facilitate the distribution of uncompressed ultra-high-definition multimedia content over long distances using existing infrastructure. The company's HDBaseT chipsets are widely recognized for delivering high-performance capabilities, making Valens a cornerstone in the AV and automotive sectors.
Core Business Segments
- Audio-Video: Valens' HDBaseT solutions simplify the convergence and distribution of multiple interfaces through a single, long-distance category cable, providing a plug-and-play experience. These solutions are highly relevant for applications such as videoconferencing, education, and medical imaging.
- Automotive: Valens' automotive products enable safe, high-speed in-vehicle connectivity, supporting the evolution of connected and autonomous vehicles. The company's chipsets are integral to the automotive industry's next-generation architectures, focusing on advanced driver-assistance systems (ADAS) and autonomous driving.
Recent Achievements and Partnerships
Valens has demonstrated resilience and innovation in 2023, achieving significant milestones despite global semiconductor industry challenges. The company reported fourth quarter revenues of $21.9 million and full-year revenues of $84.2 million, with automotive revenues reaching a record high.
In collaboration with industry giants, Valens has advanced its technology and broadened its market reach. Notable collaborations include a strategic partnership with Sony Semiconductor Solutions Corporation to develop enhanced ADAS applications and a collaboration with Black Sesame Technologies to integrate A-PHY connectivity into autonomous driving chips.
Financial Condition
Valens maintains a strong financial position with $142.0 million in cash and cash equivalents as of the beginning of 2024. This financial flexibility enables continued investment in innovation and growth.
Future Prospects
Looking ahead, Valens is poised to benefit from long-term trends in various sectors, including videoconferencing, industrial, and medical applications. The company continues to drive innovation with products like the VS6320 chipset for USB3.2 extension, which opens new opportunities across diverse verticals.
The company's commitment to advancing connectivity and safety solutions in the automotive market is evident through its ongoing development of the VA7000 MIPI A-PHY-compliant chipsets and strategic partnerships aimed at enhancing vehicle safety and ADAS technologies.
For more information, visit www.valens.com and follow Valens on Twitter @valensauto.
Valens Semiconductor (NYSE: VLN) has announced a share repurchase program of up to $10 million of its ordinary shares. The program was approved by the Board of Directors as a 'distribution' under Israeli Companies Law. Company creditors have 30 days to object to the distribution following its publication. The repurchases will be executed through open market purchases, private transactions, or other legally permitted methods, including Rule 10b5-1 and Rule 10b-18. The timing and amount of purchases will depend on market conditions, price, and capital availability. The program has no minimum purchase requirement and can be modified or discontinued at any time.
Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, announced its participation in the UBS Global Technology and AI Conference in Scottsdale, AZ from December 2-5, 2024. CEO Gideon Ben-Zvi will be available for one-on-one meetings on December 2. The company specializes in high-performance connectivity solutions, with its chipsets integrated into audio-video installations, videoconferencing systems, and ADAS/autonomous driving applications. Valens' technology serves as the foundation for industry standards like HDBaseT® and MIPI A-PHY.
Valens Semiconductor (NYSE: VLN) hosted its 2024 Investor Day, outlining its strategic growth plan and financial goals. The company targets total revenue of $220-300 million by 2029 with gross margins of 50-60%. Key growth areas include Video-Conferencing, Automotive, Industrial Machine Vision, and Medical markets, with a combined TAM of $5.5 billion. For 2025, Valens projects revenue of $71-76 million, representing 25-33% YoY growth. The company plans to leverage its strong balance sheet of $133.1 million in cash for strategic acquisitions, aiming to contribute $30-40 million in revenue by 2029.
Valens Semiconductor (NYSE: VLN) is hosting its 2024 Investor Day in New York City, where management will present the company's strategy and financial goals. The company projects 2025 revenue between $71-76 million, representing 25-33% YoY growth. By 2029, Valens aims to achieve total revenue of $220-300 million with gross margins of 50-60%, broken down across Professional Audio-Video ($90-100M), Industrial Machine Vision ($35-50M), and Automotive ($65-110M) segments. For 2024, the company updated its revenue guidance to $57.2-57.5 million, including Audio-video ($32.8-33.0M), Automotive ($21.4-21.5M), and Acroname ($3M) revenues.
Valens Semiconductor (NYSE: VLN) will unveil innovative connectivity solutions at Medica 2024, including a chip for advanced endoscopes based on the VA7000 chipset. This chip offers exceptional EMC reliability during electrosurgery, high-resolution video, and low power consumption, making it ideal for single-use endoscopy. The disposable endoscope market in the US is growing at a 17% CAGR and is expected to reach USD 7.32 billion by 2030. Valens will also display the VS6320 and VS3000 chipsets for USB3.2 and human-machine interface extensions. Valens' solutions will be showcased at the Israeli Pavilion, Hall 15, Stand #E30, from November 11-14.
Valens Semiconductor (NYSE: VLN) reported Q3 2024 results exceeding guidance across all metrics. Revenue reached $16.0 million, with audio-video segment contributing 60% ($9.4M) and automotive segment 40% ($6.6M). The company secured three automotive design wins from European OEMs for VA7000 MIPI A-PHY chipsets, expected to be integrated into vehicles starting 2026. GAAP gross margin was 56.4%, while GAAP net loss was $(10.4) million. The company maintains a strong balance sheet with $133.1 million in cash and no debt. Q4 2024 revenue guidance is between $16.0-16.3 million.
Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, has announced that it will release its third quarter 2024 financial results before the market opens on Wednesday, November 6, 2024. CEO Gideon Ben Zvi and CFO Guy Nathanzon will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the company's financial results and business outlook.
Investors can access the call by dialing specific numbers for the U.S., UK, Israel, or other locations. A live webcast of the conference call will be available through the investor relations section of Valens Semiconductor's website. A replay of the call will also be made available on the company's website shortly after its conclusion.
Valens Semiconductor (NYSE: VLN) has launched a breakthrough USB3 industrial grade extender, marking its expansion into the industrial sector. This innovative product extends the range of industrial-grade USB3 cameras from 5 meters to up to 100 meters over a single Category 6a cable. Based on the VS6320 chip, it supports USB3.2 Gen1 traffic, USB2.0, control signals, and 25W of power transmission.
The extender simplifies system architecture, reduces installation costs, and features a robust, fanless design with flexible mounting options. It also offers diagnostic capabilities for continuous link quality monitoring. The product will debut at the VISION exhibition in Stuttgart, October 8-10, 2024, alongside other VS6320 and VA7000 based innovations.
Valens Semiconductor (NYSE: VLN) has announced the integration of its VA7000 and VS6320 chipsets into cutting-edge machine vision products from various companies. This marks Valens' initial penetration into a $460 million Total Addressable Market by 2029. The machine vision market is expected to reach $7.8B by 2029, driven by factory and warehouse automation growth.
The VA7000 chipset, compliant with the MIPI A-PHY standard, offers high-performance sensor connectivity, while the VS6320 provides USB 3.2 extension capabilities. These chipsets are powering products by Teledyne e2v, Airy3D, FRAMOS, D3 Embedded, and Leopard Imaging, among others.
Valens' chipsets enable advanced machine vision solutions, offering benefits such as reduced power, size, and cost of cameras, as well as extended link distances for USB-based industrial cameras. The company will showcase these solutions at the VISION event in Stuttgart, on October 8-10, 2024.
Valens Semiconductor (NYSE: VLN) has secured three automotive design wins from leading European OEMs for its VA7000 MIPI A-PHY chipsets. These OEMs plan to integrate Valens' chipsets into vehicle models with Start of Production in 2026, covering an estimated 500,000 vehicles annually. Upon commercialization, Valens projects these wins to generate over $10 million in annual revenue for 5-7 years.
The selection followed intensive testing, with Valens' A-PHY solution outperforming competitors across various parameters. These design wins, achieved in collaboration with leading Automotive Tier-1s, are expected to cement A-PHY's position as the standard for next-generation sensor connectivity in the automotive industry, potentially leading to further adoption and market share growth for Valens.
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