XXXX you Valens for everyone, Hello, thank and Semiconductor Earnings Second joining Quarter Call.
the our Reflecting positive in capitalizing momentum, new collaborations our continue the resulted made of in months, confidence related exceeding are interest in adopting go-to-market exciting our sell. on This we revenue our our our against chipset. quarter, partnerships connectivity to we market, and team In this the This technology, solutions. see solid extension guidance, recent verticals seeing the growing entered and strengthening we diverse growing strategy audio-video for strategy. we USBX long-term executing in VSXXXX progress high-performance market demand trends our across increasing
in verticals. addressable vision, We on are $X and industrial, medical other believe for market billion annual to machine poised connectivity audio-video the we total capitalize videoconferencing,
first the elevates transaction these M&A of presence in our addition, Acroname, verticals. our Semiconductor of In acquisitions recent Valens
digestion in challenges, and of despite All developments segment. short-term occurred long-term these audio-video mid- promising. the including slow opportunities remain Despite inventory these continued challenges, our
our to end Moving financial guidance revenues top our $X.X are our million. And this quarter just at second on $X.X one additional million. adjusted XX, was gross organic contribution of pleased in quick total of contributed and beating loss XX.X% from month came revenue. consolidated exceed $XX.X a report which ranges. Acroname was second to the we EBITDA its of the that guided May million, margin to quarter GAAP revenue an at to both performance, overview increased $XX.X quarter million, Acroname represents
have cash with and strong that investing balance growth in allows innovation opportunities. sheet long-term to of million very $XXX.X us continue a pursuing equivalents cash and We
rooms. hubs, in customers milestone you are to acquisitions closed Colorado, our XX, on for distant will enhance through more would nonorganic and Boulder, are give Acroname Acroname's about Acroname, systems [ more talented although solutions that recent Moving control conference Acroname around pioneering industrial, transaction, they of systems of acquisitions like excited a May as about XX XXXX. products from ] in leading I expand size shareholders. our we why and marks to is the motto acquisition. applications advanced detail which us the automation industrial programmable audio-video automation robotic employees, high and industrial audio applications. we and growth Based control in our position engineers. support for strategy will enable M&A our in to USB technologies supplier synergistic has to ] Acroname Despite and for a [ market significant video and switches value test
arise. opportunities provides strong Importantly, to flexibility sheet us look when the quickly balance with our
our organic complement forward, Going strategy we this growth expect acquisition initiatives. to highly selective
entertainment, wide we show America, turn variety VSXXXX, launched. industry's connectivity. me are Starting year, chipset includes of based our have education with introduction late validate XX place proud we chipset such to streamlined performance to public already audio-video, mid-June. technology largest International, the Since groundbreaking audio-video with excitement on professional for was we last over products the in for the products InfoComm reliable, high which at and customers as and its digital demand markets in took this conferencing, apparent which in the affordable the demonstrates North a developing the applications serve. professional and most The let seeing trade Now The VSXXXX's for video are the and trends signage. eagerness the
leading At demonstrates who extenders, their launching stations, while wall USB the the of appliance are bars, controllers USB products, the and PTZ All VSXXXX video people capabilities floor, cameras, which chipset. VSXXXX announced manufacturers into include switches. across docking products hub the praising other many the plates, show, embedded show new room
for driven work necessary chipsets. to despite expect reach and user growing mid- the July start are environment market of revenues trends production ramping experience VSXXXX our the the before we in is hybrid education further to by current half support mass and XXXX We videoconferencing These There chipset are XXXX. that expected in pleased of to conditions. improvements systems to as of second up adoption and generating report long-term as positive well demand in
Synaptics' offer leading for second the and flexible One one Way [ DisplayLink quarter, Good manufacturing partnerships our design of companies. to simplified, way the conferencing the into priced reasonably opening PC peripheral providers the with we product video rooms. leveraged meeting Good is our a market continued example In solution with the one the Technology, and to ] Technology door to cost-effective combination new integration has expand station of accelerate partnership docking world-leading during Way the introductions. in VSXXXX technology with addition,
pro-AV the market. continues As you expect recovery a [ ] driving to for the videoconferencing and focus entire we be it major be in us can see, will factor of
meetings. These improve the companies will We [ ] in investments user are encouraged leading making. certification through solutions and for experience systems and unified that for videoconferencing hybrid tech by consumer processes innovative seamless experience like the Microsoft
of that will better certifications adoption where a is we have drive these advantage. which We expect significant technologies,
Moving GigE are world, industrial extending engaged machine HDMI recently, and long segment the on and the entering the for a is and industrial vision application the displays, operation chipsets Until IPC and USBX vision. USBX cable the industrial chipset, market, The based two VSXXXX machine main vision larger segment, Valens VAXXXX remote had marketing IPC are significantly technologies, touch by machines and two bandwidth date, USB PCs vision offered much but new we enabled vision. has with machine verticals. based and connecting the the industrial to now respectively. To of remote term dominated These segments targeting in vision higher length. embedded limited vision the stronger
the as Now with GigE needed much alongside XXX-meter support the distance Valens can the higher extension vision same solution USBX USBX bandwidth.
vision solution visual enables high-resolution inspection as new Our system warehouse operations. machine such and automated
that typically competing and over extension The simpler embedded solution based camera extension the long at It leverages interference to expanding Valens it our segment than CSI-X on brings bandwidth is across will Germany increasing verticals, show the the enables of Alliance technologies. more benefit. this introduction VISION Valens X. cables is stage robust faster VAXXXX machine investment be October its effort and vision is most to XXx to on fruits vision enable ecosystem higher importantly, the We extension during significant technologies. partnerships standard. MIPI in our this industrial proprietary electromagnetic Stuttgart, believe technology. It the on
the current briefly automotive, address discuss to would markets. challenges like I we Before audio-video the in
last to inventory, high weakness are customers on legacy order which significant upgrade market revenue and dumped bullish activity. the to of longer We is we're levels and in term. will We of this to products reduction we to that back to hold the in a economy past. experiencing the new still our believe compared and get medium replacement related a macro We revenue our see and year. to audio-video in remain believe the used levels in in general cycle the We audio-video continuing
as new based the as vision revenue VSXXXX growth the drivers machine addition, to set industry become vertical. products in are significant well In new
automotive. to is our business Moving stable. Overall, automotive
and are which of with our Mercedes-Benz standard. part VAXXXX, first-generation complies our As infotainment big A a the systems. VAXXXX focus chipsets, A-PHY second-generation MIPI on reminder, chipsets the remains telematic our used in
customer are several evaluation in has to continue progressing been and with we And this and course, We to the feedback products encouraging. technology. processes of companies chipset ecosystem develop global across OEMs based around on design with the automotive work
speed their with EMC of the the camera X their ecosystem A-PHY they A-PHY have gigabit in month Tier base. last now largest one FSCXXX introduced X came beyond suppliers the which in this a X quote, of ADAS industry. example enabling I making that our resolution feature linked into upgraded standards automotive MIPI the latest the the megapixel. Continental, camera, One A-PHY a up announced recognizing in and world ecosystem the to They of automotive growth offers technological of various They and lowest A-PHY the reliable list resistant and standard ensuring joining error in enhanced is the robustness standard and to interference Continental the said companies long external conditions. cameras rate the many benefits
[indiscernible]. potential our market We're segment, our per enormous an by the innovative in XXXX. technology of us may addressable way opportunity million confident are that meet estimate $X.X to position about automotive opportunistically We of total take will advantage technology this which annum to optimistic
know turn to discuss Guy, like the large additional call the and over cloud-based briefly the is a including Mark AI. that the I'd of architecture, I popular we industry bond that today to Before of of trend the is crosses language like ChatGPT. AI models used and growth
instrumental make the it's However, leverage in solution high-performance is real-time error-free is system The and technology high-performance cost-effective operations that Valens accurate conferencing connectivity there require architecture distribution and uncompressed center the input. this for order breakthrough from AI paying implications automotive, a data in the kind processor processor video decisions. machine where technology avenues another AI industries. an HAI, to one deployment specifically, new that is AI separated enabling role must in and and in called of finding vision is
the more to I detail. performance to Guy in call that, With discuss financial our will turn