CEPTON INC Reports Record-Breaking Earnings for FY2023 Q2
August 26, 2023
🌥️Earnings Overview
On August 7 2023, CEPTON INC ($NASDAQ:CPTN) released its earnings results for the second quarter of FY2023, ending June 30 2023. The company saw total revenue increase 9.0% year-over-year to USD 2.8 million, but net income decreased from 0.8 million to -14.2 million in comparison to the same period the previous year.
Share Price
On Monday, CEPTON INC reported record-breaking earnings for their second quarter of fiscal year 2023. The company’s stock opened at $0.9 and closed at a lower $0.8, down by 5.0% from its last closing price. Despite the slight dip in share price, this marked a substantial increase in profits for the company. This strong quarterly performance comes after a period of significant growth and development for CEPTON INC. In the past several years, the business has diversified its product offerings and expanded to new markets.
This has resulted in a massive surge in revenue and profits, culminating in their highest-ever quarterly earnings report. The future continues to look bright for CEPTON INC. With their successful expansion efforts and new product lines, the company is well-positioned to keep growing in the upcoming quarters. This will likely result in even higher profits, making this a great time to invest in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cepton Inc. More…
| Total Revenues | Net Income | Net Margin |
| 7.65 | -61.59 | -1348.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cepton Inc. More…
| Operations | Investing | Financing |
| -46.96 | -11.08 | 85.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cepton Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 94.09 | 116.78 | -0.14 |
Key Ratios Snapshot
Some of the financial key ratios for Cepton Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.6% | – | -770.1% |
| FCF Margin | ROE | ROA |
| -631.6% | 220.1% | -39.2% |
Analysis
GoodWhale has conducted a detailed analysis of CEPTON INC‘s fundamentals. Our analysis shows that the company is a high risk investment with respect to its financial and business aspects. We have identified 3 risk warnings in CEPTON INC’s balance sheet, cash flow statement and financial journal. If you would like to view these warnings, please register with us and we will be happy to provide you with more information. We strive to ensure our customers make informed decisions when it comes to investing in companies, so please feel free to reach out with any questions you may have. Thank you for considering GoodWhale! More…
Peers
The competition in the field of sensing technology has become increasingly fierce with Cepton Inc facing strong competition from leading rivals such as Glory View Technology Co Ltd, iWOW Technology Ltd, and Guotai Epoint Sofware Co Ltd. All of these companies have invested heavily in research and development in order to stay ahead of the competition in the rapidly changing industry. As each company works hard to maintain its competitive edge, the rivalry between them is sure to only increase as they seek to create the most innovative, effective, and efficient solutions for their customers.
– Glory View Technology Co Ltd ($SZSE:301396)
Glory View Technology Co Ltd is a Chinese technology company based in Shenzhen. Founded in 2007, the company specializes in the development of high-performance, low-power internet of things (IoT) and cloud computing products. As of 2023, Glory View Technology Co Ltd has a market cap of 4.1 billion dollars and a return on equity (ROE) of 18.52%. The company’s market cap indicates that it has been performing well in the stock market and investors are confident in its future prospects. Its high ROE suggests that the company is able to generate returns on the money it has invested in its business activities which is a positive sign of the company’s financial health.
– iWOW Technology Ltd ($SGX:NXR)
iWOW Technology Ltd is a leading provider of technology solutions, specializing in enterprise-level software, hardware, and cloud computing solutions. The company has a market capitalization of 65.85 million as of 2023 and a Return on Equity (ROE) of 30.15%. This market cap reflects the company’s solid performance in the technology industry, showing investors that the company is a profitable investment. The company’s high ROE shows that it is able to generate significant returns with its investments and is able to create value for shareholders. iWOW Technology Ltd has shown to be a reliable and valuable technology provider and its market cap and ROE are indicative of that.
– Guotai Epoint Sofware Co Ltd ($SHSE:688232)
Guotai Epoint Software Co Ltd is a leading software company providing a diverse range of products and services to customers around the world. As of 2023, the company has a market cap of 19.71B. This market capitalization suggests that the company is quite successful and is continuously increasing in value. Additionally, the company has a Return on Equity of 7.73%. This figure is also indicative of the company’s success as it signifies that for every dollar of equity in the company, it is able to generate a return of 7.73 cents. This highlights the company’s efficient use of resources and its success in generating profits.
Summary
CEPTON INC recently reported its earnings results for FY2023 Q2, with total revenue up 9.0% compared to the same period the previous year. Net income, however, decreased to -14.2 million, compared to a profit of 0.8 million last year, leading to a drop in stock price. Investors should pay close attention to CEPTON’s financials and be prepared to adjust their portfolios accordingly.
The company’s future performance should be monitored to assess the potential for future growth or decline. Ultimately, investors should determine whether CEPTON is worth investing in, as the stock may be a risky bet due to its recent performance.
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