QualityStocksNewsBreaks — Cepton Technologies Inc. (NASDAQ: CPTN) Releases Q4, FY2021 Financial Results and Corporate Update
Cepton Technologies (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance Micro Motion Technology(RM) (“MMT”) lidar solutions, has reported its financial and business updates for the fourth quarter and full year ending Dec. 31, 2021. Highlights of the report included the company’s public listing in February 2022, which resulted in cash and available liquidity of $175 million. The report also noted that key production milestones have been completed with tier-1 partner Koito Manufacturing; those milestones support CPTN’s General Motors Ultra Cruise program. In addition, the company advanced engagements with four other top-10 automotive OEMs for mass-market vehicle adoption of Cepton…