Velodyne Lidar, Inc. (VLDR) Tops Q2 EPS by 3c

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Velodyne Lidar Reports Second Quarter 2022 Financial Results

August 8, 2022 4:05 PM EDT

- Revenue of $11.5 million and billings of $12.5 million

SAN JOSE, Calif.--(BUSINESS WIRE)-- Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW), a leading lidar company known worldwide for its broad portfolio of breakthrough lidar technologies, today announced financial results for its second quarter, which ended June 30, 2022.

We saw strong customer traction in the second quarter across all three of our target markets: industrial and robotics, intelligent infrastructure and autonomous vehicles, said Dr. Ted Tewksbury, CEO of Velodyne Lidar. Thanks to solid execution by our operations team, we delivered sequential revenue growth in the face of... More