Valens Semiconductor Ltd. (VLN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Yoni, and I will be your conference operator today. At this time, I would like to welcome everyone to Valence Semiconductor's first quarter 2025 earnings conference call and webcast. All participant lines have been placed in a listen-only mode. Opening remarks by Valence Semiconductor Management will be followed by a question and answer session. I will now turn the call over to Michal Ben-Ari, Investor Relations, for Valence Semiconductor. Please go ahead. Thank you and welcome everyone to Valence Semiconductor's first quarter 2025 earnings call. With me today are Gideon Bensley, Chief Executive Officer, and Guy Natanzon, Chief Financial Officer. Earlier today, we issued a press release that is available on the investor relations section of our website under investors.valence.com. As a reminder, today's earning call may include forward-looking statements and projections which do not guarantee future events or performance. These statements are subject to the safe harbor language in today's press release. Please refer to our annual report on Form 20F filed with the SEC on February 26, 2025 for a discussion of the factors that will cause actual results to differ materially from those expressed or implied. We do not undertake any duty to revise or update such statements to reflect new information, subsequent events, or changes in strategy. We will be discussing certain non-GAAP measures on this call, which we believe are relevant in assessing the financial performance of the business, and you can find reconciliation of these metrics within our earnings release. With that, I will now turn the call over to Gideon. Thank you, Michal. Hello, everyone, and thank you for joining us. Valence kicked off 2025 on a high note, delivering solid performance a...