Valens Semiconductor Ltd. - VLN STOCK NEWS

Valens Semiconductor (NYSE: VLN) has completed the first phase of installations of its audio-video products in Florida's largest public school district, which serves over 330,000 students. This initiative is part of the ESSER Funded Conference Cameras project aimed at enhancing hybrid learning capabilities. The district's strategic plan focuses on improving technology infrastructure for better educational outcomes. Valens' HDBaseT technology supports efficient connectivity for multiple devices in classrooms, enabling effective teaching and learning environments.

Valens Semiconductor (NYSE: VLN) will release its fourth quarter and full year 2022 financial results on March 1, 2023, before market opening. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results and the company's business outlook. Valens is positioned as a leader in high-speed connectivity solutions for the audio-video and automotive sectors. Notably, its HDBaseT® technology is widely adopted, with millions of chipsets integrated globally. Investors can access the live webcast of the call through Valens' investor relations website.

Valens Semiconductor (NYSE: VLN) announced plans to unveil innovative audio-video connectivity solutions at ISE 2023 in Barcelona from Jan. 31 to Feb. 3, 2023. Highlighted products include a groundbreaking videoconferencing multi-camera solution featuring the new VA7000 chipset and enhanced capabilities of the VS3000 Stello chipset family. The company will exhibit over 40 HDBaseT 3.0-supported products, marking a significant increase from the previous year. Senior VP Gabi Shriki emphasized the growing demand across corporate, education, and digital signage sectors, depicting a strong market interest in Valens' technologies.

On January 18, 2023, the HDBaseT Alliance announced its plans for Integrated Systems Europe (ISE) 2023, showcasing the largest collection of HDBaseT Spec 3.0 devices ever. Attendees can expect exhibits, live demos from Valens Semiconductor (NYSE: VLN), an installer skills challenge, and an exclusive interview series. The booth will feature over 40 products capable of delivering uncompressed 4K@60Hz along with a range of AV solutions from various members. The Power Wall will highlight doubled offerings from the previous year, reflecting increased market demand. A press conference is scheduled for February 1, aiming to reveal innovations in the video conferencing arena.

Valens Semiconductor (NYSE: VLN) will showcase its advanced automotive connectivity solutions at CES 2023 (Jan. 5-7) in Las Vegas, focusing on high-speed connectivity for ADAS and the trucking industry. The VA7000 chipset family will be highlighted, emphasizing its benefits such as enhanced bandwidth and error-free links. Collaborations with major industry players like Aptiv and Sunny Optical will be featured. Valens aims to enhance vehicle safety and support the shift towards software-defined vehicles through innovative technologies, making significant strides in the automotive sector.

Linse Capital, headquartered in San Juan, Puerto Rico, has successfully raised $700 million for its flagship Linse Capital Fund I (LCFI) along with two co-investment vehicles for portfolio companies Skydio and Verkada. The firm has raised over $1.1 billion since its inception in 2015, with a focus on industrial technology investments in sectors like transportation and energy. Notably, Linse Capital was a leading early investor in ChargePoint (CHPT) and aims to make concentrated investments of $100 million to $400 million in selected companies annually.

Valens Semiconductor (NYSE: VLN) announced that its VA7000 A-PHY-compliant chipsets have been validated by the Japan Automotive Software Platform and Architecture (JASPAR) after passing rigorous Electromagnetic Compatibility (EMC) tests. This validation is crucial for integrating these chipsets into Advanced Driver-Assistance Systems (ADAS) in vehicles from Japanese automotive giants such as Toyota, Nissan, and Honda. The MIPI A-PHY standard, recognized for its high bandwidth and low error rates, strengthens OEM confidence in Valens' technology for safety-critical applications.

Valens Semiconductor (NYSE: VLN) has been recognized as a CES Innovation Awards Honoree in three categories: Embedded Technologies, Vehicle Tech & Advanced Mobility, and In-Vehicle Entertainment & Safety. This achievement highlights Valens' innovative solutions like the VA7000 chipset family, which provides advanced connectivity for automotive and medical applications. The company is well-positioned to benefit from the increasing demand for high-speed, reliable connectivity in the automotive industry as it transitions to software-defined vehicles.

Valens Semiconductor (NYSE: VLN) reported record quarterly revenues of $23.1 million for Q3 2022, rising 21.3% year-over-year and 2.9% from Q2 2022. The GAAP gross margin is 69.7%, a decrease from 72.4% in Q3 2021. The company anticipates doubling automotive revenues in 2022, with strong demand for its VA7000 A-PHY chipsets. Valens raised its full-year revenue guidance to $90.3 million to $90.4 million, and aims for Adjusted EBITDA breakeven by the end of 2023. As of September 30, 2022, Valens reported $166.6 million in working capital, with no debt.