Cepton, Inc. (NASDAQ:CPTN) Q4 2023 Earnings Conference Call March 28, 2024 5:30 PM ET

Company Participants

Dennis Chang - Interim CFO
Jun Pei - Co-Founder and CEO
Mitch Hourtienne - Chief Commercial Officer

Conference Call Participants

Shadi Mitwalli - Craig-Hallum
Kevin Garrigan - WestPark Capital
Auguste Richard - Northland Capital
Matthew Galinko - Maxim Group

Operator

Greetings, and welcome to the Q4 and Full Year 2023 Cepton Business Update and Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Dennis Chang, Interim CFO. Thank you, Dennis. You may begin.

Dennis Chang

Thank you, and welcome to Cepton's fourth quarter and full year 2023 earnings call and business update. With me today are Jun Pei, Co-Founder and Chief Executive Officer; and Mitch Hourtienne, Chief Commercial Officer.

During the call, we may refer to our unaudited GAAP and non-GAAP measures in our earnings release. The non-GAAP financial measures should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with U.S. GAAP. Reconciliations for non-GAAP measures are included in our earnings release. I would like to remind everyone that comments made in this conference call may include forward-looking statements regarding the company's expected operational and financial performance for future periods. These statements are based on the company's current expectations and are subject to the safe harbor statements relating to forward-looking statements contained in our earnings release and the presentation slides that accompany this call. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks, uncertainties or other factors, including those discussed in the earnings release or during today's call and those described in our filings with the U.S. Securities and Exchange Commission.

We are not undertaking any commitment to update these statements as a result of future events, except as required by law. As a quick reminder, this call is being recorded, and you can find the earnings release and presentation slides that accompany this call as well as the webcast replay of this call at www.investors.cepton.com.

Now I would like to turn the call over to Jun.

Jun Pei

Thank you, Dennis, and good afternoon, everyone. Thank you for joining Cepton's fourth quarter and full year 2023 earnings call.

We will provide a business update and review our financial results with you. There's quite a bit of news though within the industry these past few months, and specifically regarding Cepton. First, I'd like to congratulate our team on exceeding our FY '23 revenue guidance with a record $13.1 million in recorded revenue and preparing us for growth with the launch of our new LiDAR product, Cepton Ultra at CES 2024.