Valens Semiconductor Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	84.16	90.72	70.68	56.91	60.04
Revenue Growth (YoY)	-7.22%	28.34%	24.20%	-5.21%	-
Cost of Revenue	31.57	27.33	20.11	13.43	12.59
Gross Profit	52.59	63.39	50.58	43.48	47.46
Selling, General & Admin	31.34	33.55	30.77	21.54	22.74
Research & Development	48.17	58.21	46.88	44.73	52.7
Operating Expenses	79.51	91.76	77.65	66.27	75.44
Operating Income	-26.92	-28.37	-27.07	-22.79	-27.98
Interest Expense / Income	-5.64	1.77	-1.1	-3.3	0
Other Expense / Income	-1.73	-2.92	0.16	-0.02	-2.46
Pretax Income	-19.55	-27.22	-26.13	-19.47	-25.52
Income Tax	0.11	0.45	0.41	0.16	0.41
Net Income	-19.66	-27.67	-26.53	-19.64	-25.93
Shares Outstanding (Basic)	102	98	33	10	10
Shares Outstanding (Diluted)	102	98	33	10	10
Shares Change	4.26%	196.15%	216.14%	9.72%	-
EPS (Basic)	-0.19	-0.28	-1.15	-3.25	-4.13
EPS (Diluted)	-0.19	-0.28	-1.15	-3.25	-4.13
Free Cash Flow	-7.54	-23.2	-23.05	-20.47	-23.05
Free Cash Flow Per Share	-0.07	-0.24	-0.70	-1.96	-2.42
Gross Margin	62.49%	69.88%	71.56%	76.40%	79.04%
Operating Margin	-31.98%	-31.27%	-38.29%	-40.04%	-46.61%
Profit Margin	-23.36%	-30.50%	-37.54%	-34.50%	-43.19%
Free Cash Flow Margin	-8.96%	-25.58%	-32.61%	-35.96%	-38.39%
EBITDA	-21.68	-22.34	-26.13	-21.68	-24.48
EBITDA Margin	-25.76%	-24.63%	-36.97%	-38.09%	-40.78%
Depreciation & Amortization	3.51	3.1	1.1	1.09	1.04
EBIT	-25.19	-25.45	-27.23	-22.77	-25.52
EBIT Margin	-29.93%	-28.05%	-38.52%	-40.01%	-42.50%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).