Cross-Industry Business revenue rose to USD 13.1 million, while Automotive revenue fell to USD 5 million; four automotive programs advanced toward production.
Q3 revenue forecast at USD 21.3-21.7 million; full-year revenue guidance raised to USD 78-81 million.
Q2 revenue tops view as net loss widens
Valens Semiconductor posted Q2 revenue of USD 18.1 million, up 6.13% from a year earlier, above its USD 17.2-17.6 million view.
GAAP net loss widened to USD 8.1 million; GAAP gross margin slipped 2 percentage points to 61.5%.
Adjusted EBITDA loss narrowed to USD 4.2 million; cash, cash equivalents and short-term deposits totaled USD 83.4 million at June 30.
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