Cepton, Inc. Reports Fourth Quarter and Full Year 2021 Results and Provides 2022 Business Updates and Milestones

Condensed Consolidated Statements of Operations:

 

 

Three months ended
December 31,

 

Year ended
December 31,

 

(in thousands)

 

2021

 

 

2020

 

2021

 

 

2020

 

Revenue

 

$

1,278

 

 

 

$

577

 

 

$

4,502

 

 

$

2,006

 

Cost of Revenue

 

 

1,520

 

 

 

 

1,179

 

 

 

7,678

 

 

 

3,746

 

Gross Profit

 

 

(242

)

 

 

 

(602

)

 

 

(3,176

)

 

 

(1,740

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

10,398

 

 

 

 

5,445

 

 

 

34,983

 

 

 

17,836

 

Operating Loss

 

 

(10,640

)

 

 

 

(6,047

)

 

 

(38,159

)

 

 

(19,576

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

1

 

 

 

 

24

 

 

 

1,114

 

 

 

(32

)

Loss before provision for income taxes

 

 

(10,639

)

 

 

 

(6,023

)

 

 

(37,045

)

 

 

(19,608

)

Provision for income taxes

 

 

(4

)

 

 

 

(5

)

 

 

(20

)

 

 

(26

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

(10,643

)

 

 

 

(6,028

)

 

 

(37,065

)

 

 

(19,634

)


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