Valens (VLN) has released an update.
Valens Semiconductor Ltd. has released its unaudited condensed consolidated interim financial statements for the period ending June 30, 2024, revealing a mix of gains in cash and cash equivalents, a decrease in short-term deposits, and a notable increase in long-term assets. The balance sheets show a decrease in total assets compared to the previous period, and the income statement indicates a reduction in overall revenue and gross profit compared to the previous year, amidst higher operating expenses.
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