2022 Q4 Form 20-F Financial Statement
#000121390023015828 Filed on March 01, 2023
Income Statement
Concept | 2022 Q4 | 2022 Q1 | 2022 |
---|---|---|---|
Revenue | $23.47M | $21.62M | $90.72M |
YoY Change | 13.18% | 61.78% | 28.34% |
Cost Of Revenue | $7.443M | $6.180M | $27.33M |
YoY Change | 24.63% | 61.27% | 35.91% |
Gross Profit | $16.03M | $15.44M | $63.39M |
YoY Change | 8.55% | 61.98% | 25.33% |
Gross Profit Margin | 68.29% | 71.42% | 69.88% |
Selling, General & Admin | $7.668M | $8.510M | $33.55M |
YoY Change | -9.81% | 60.93% | 9.04% |
% of Gross Profit | 47.84% | 55.12% | 52.93% |
Research & Development | $16.46M | $14.13M | $58.21M |
YoY Change | 10.56% | 35.86% | 24.17% |
% of Gross Profit | 102.69% | 91.5% | 91.82% |
Depreciation & Amortization | $361.0K | $320.0K | $1.377M |
YoY Change | 15.71% | 25.3% | |
% of Gross Profit | 2.25% | 2.07% | 2.17% |
Operating Expenses | $24.13M | $22.64M | $91.76M |
YoY Change | 3.15% | 44.31% | 18.18% |
Operating Profit | -$8.100M | -$7.197M | -$28.37M |
YoY Change | -6.09% | 16.95% | 4.81% |
Interest Expense | $819.0K | $2.489M | $828.0K |
YoY Change | -0.12% | -1655.63% | -42.22% |
% of Operating Profit | |||
Other Income/Expense, Net | $309.0K | ||
YoY Change | -161.31% | ||
Pretax Income | -$7.281M | -$4.708M | -$27.23M |
YoY Change | -6.71% | -25.52% | 4.19% |
Income Tax | $41.00K | $346.0K | $451.0K |
% Of Pretax Income | |||
Net Earnings | -$7.317M | -$5.050M | -$27.67M |
YoY Change | -8.23% | -20.8% | 4.27% |
Net Earnings / Revenue | -31.17% | -23.36% | -30.5% |
Basic Earnings Per Share | -$0.28 | ||
Diluted Earnings Per Share | -$0.07 | -$51.98K | -$0.28 |
COMMON SHARES | |||
Basic Shares Outstanding | 98.88M shares | 97.82M shares | |
Diluted Shares Outstanding | 97.82M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q1 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $148.4M | $165.5M | $148.4M |
YoY Change | -14.9% | 91856.67% | -14.9% |
Cash & Equivalents | $20.02M | $44.99M | $20.02M |
Short-Term Investments | $128.4M | $120.5M | $128.4M |
Other Short-Term Assets | $4.793M | $7.737M | $4.793M |
YoY Change | -41.94% | 25690.0% | -41.94% |
Inventory | $23.82M | $12.47M | $23.82M |
Prepaid Expenses | |||
Receivables | $11.51M | $10.21M | $11.51M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $188.5M | $195.9M | $188.5M |
YoY Change | -5.29% | 93203.81% | -5.29% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.790M | $7.520M | $6.614M |
YoY Change | 1.79% | 141.3% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $4.900M | ||
YoY Change | -95.74% | ||
Other Assets | $535.0K | $724.0K | $535.0K |
YoY Change | -35.39% | -35.39% | |
Total Long-Term Assets | $7.149M | $8.244M | $7.149M |
YoY Change | 100.31% | -92.83% | 100.31% |
TOTAL ASSETS | |||
Total Short-Term Assets | $188.5M | $195.9M | $188.5M |
Total Long-Term Assets | $7.149M | $8.244M | $7.149M |
Total Assets | $195.7M | $204.2M | $195.7M |
YoY Change | -3.43% | 77.21% | -3.43% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $10.65M | $10.65M | |
YoY Change | 137.06% | 137.06% | |
Accrued Expenses | $8.017M | $13.62M | |
YoY Change | -28.2% | 22.01% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $24.79M | $19.44M | $24.79M |
YoY Change | 57.9% | 1384.12% | 57.9% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $3.429M | $4.748M | $3.429M |
YoY Change | -27.1% | -48.45% | -27.1% |
Total Long-Term Liabilities | $3.429M | $4.748M | $3.429M |
YoY Change | -27.1% | -48.45% | -27.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.79M | $19.44M | $24.79M |
Total Long-Term Liabilities | $3.429M | $4.748M | $3.429M |
Total Liabilities | $28.22M | $24.19M | $28.22M |
YoY Change | 38.3% | 129.94% | 38.3% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$157.7M | ||
YoY Change | 21.28% | ||
Common Stock | $49.00K | ||
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $167.4M | $180.0M | $167.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $195.7M | $204.2M | $195.7M |
YoY Change | -3.43% | 77.21% | -3.43% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q1 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$7.317M | -$5.050M | -$27.67M |
YoY Change | -8.23% | -20.8% | 4.27% |
Depreciation, Depletion And Amortization | $361.0K | $320.0K | $1.377M |
YoY Change | 15.71% | 25.3% | |
Cash From Operating Activities | -$5.831M | -$8.403M | -$22.10M |
YoY Change | -48.76% | 5151.88% | 2.25% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $317.0K | -$180.0K | $1.109M |
YoY Change | -136.86% | -176.85% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$6.130M | -$2.752M | -$10.62M |
YoY Change | -94.06% | -87.16% | |
Cash From Investing Activities | -$6.447M | -$2.932M | -$11.73M |
YoY Change | -93.8% | -86.06% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $54.00K | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 289.0K | 54.00K | $822.0K |
YoY Change | -101.44% | -99.39% | |
NET CHANGE | |||
Cash From Operating Activities | -5.831M | -8.403M | -$22.10M |
Cash From Investing Activities | -6.447M | -2.932M | -$11.73M |
Cash From Financing Activities | 289.0K | 54.00K | $822.0K |
Net Change In Cash | -11.99M | -11.28M | -$36.77M |
YoY Change | -91.15% | 6950.63% | -223.97% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.831M | -$8.403M | -$22.10M |
Capital Expenditures | $317.0K | -$180.0K | $1.109M |
Free Cash Flow | -$6.148M | -$8.223M | -$23.20M |
YoY Change | -41.56% | 15.06% |
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26544000 | usd |
CY2020 | vln |
Income Loss From Continuing Operations After Income Taxes Minority Interest And Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsAfterIncomeTaxesMinorityInterestAndBeforeIncomeLossFromEquityMethodInvestments
|
19652000 | usd |
CY2022 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
16000 | usd |
CY2021 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
10000 | usd |
CY2020 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
17000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27667000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26534000 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19635000 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.28 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.15 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.25 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
97820782 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33031205 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10448218 | shares |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-68323000 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
406000 | usd |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
5329000 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19635000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-82223000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1246000 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
9869000 | usd |
CY2021 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
150179000 | usd |
CY2021 | vln |
Stock Issued During Period Value Merger Transaction Net
StockIssuedDuringPeriodValueMergerTransactionNet
|
129660000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26534000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
182197000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
822000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
12089000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27667000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
167441000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-27667000 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-26534000 | usd |
CY2021 | vln |
Non Cash Interest Income
NonCashInterestIncome
|
87000 | usd |
CY2020 | vln |
Non Cash Interest Income
NonCashInterestIncome
|
524000 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19635000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1377000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
1099000 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
1093000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12089000 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9869000 | usd |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5329000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-4259000 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
496000 | usd |
CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
2821000 | usd |
CY2022 | vln |
Non Cash Interest Income
NonCashInterestIncome
|
-1213000 | usd |
CY2020 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
109000 | usd |
CY2022 | vln |
Change In Fair Value Of Forfeiture Shares
ChangeInFairValueOfForfeitureShares
|
2907000 | usd |
CY2021 | vln |
Change In Fair Value Of Forfeiture Shares
ChangeInFairValueOfForfeitureShares
|
-173000 | usd |
CY2022 | vln |
Reduction In The Carrying Amount Of Rou Assets
ReductionInTheCarryingAmountOfROUAssets
|
1726000 | usd |
CY2021 | vln |
Equity Method Investment Earnings Net Of Dividend Received
EquityMethodInvestmentEarningsNetOfDividendReceived
|
-18000 | usd |
CY2020 | vln |
Equity Method Investment Earnings Net Of Dividend Received
EquityMethodInvestmentEarningsNetOfDividendReceived
|
-11000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4419000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1584000 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
944000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-3462000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
5286000 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
741000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
14494000 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
6163000 | usd |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
449000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-293000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
411000 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
5841000 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
2633000 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-1470000 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
1623000 | usd |
CY2021 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
633000 | usd |
CY2020 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-1555000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-502000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
1184000 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
944000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-1571000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
8000 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
1000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22095000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-21609000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19606000 | usd |
CY2022 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
214522000 | usd |
CY2021 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
121947000 | usd |
CY2020 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
86861000 | usd |
CY2022 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
203902000 | usd |
CY2021 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
39227000 | usd |
CY2020 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
|
116036000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1109000 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1443000 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
861000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-11729000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-84163000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
28314000 | usd |
CY2021 | vln |
Proceeds From Transactions Related To The Merger Net
ProceedsFromTransactionsRelatedToTheMergerNet
|
134185000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
822000 | usd |
CY2021 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1246000 | usd |
CY2020 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
406000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
822000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
135431000 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
406000 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
-3765000 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
816000 | usd |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
1646000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-36767000 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
30475000 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
10760000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56791000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26316000 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
15556000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
20024000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
56791000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
26316000 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
214000 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
417000 | usd |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
139000 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
317000 | usd |
CY2021 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
44000 | usd |
CY2021 | vln |
Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
41000 | usd |
CY2022 | vln |
Operating Rightofuse Assets The Impact Recognized
OperatingRightofuseAssetsTheImpactRecognized
|
4900 | usd |
CY2021 | vln |
Operating Rightofuse Assets The Impact Recognized
OperatingRightofuseAssetsTheImpactRecognized
|
4900 | usd |
CY2020 | vln |
Operating Rightofuse Assets The Impact Recognized
OperatingRightofuseAssetsTheImpactRecognized
|
4900 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
648000 | usd |
CY2021 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
150179000 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
4485000 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><b>NOTE 1 - GENERAL:</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>a.</b></td><td style="text-align: left">Valens Semiconductor Ltd. (hereafter “Valens”, and together with its wholly owned subsidiaries, the “Company”), was incorporated in Israel in 2006.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">Valens is a leading provider of semiconductor products (chips), operates in the audio-video and automotive industries, renowned for its Physical Layer (PHY) technologies, enabling resilient high-speed connectivity over simple, low-cost infrastructure. Valens is the inventor of the HDBaseT Technology, which enables the converged delivery of ultra-high-definition digital video and audio, Ethernet, control signals, USB and power through a single cable. In the audio-video space, Valens’ HDBaseT technology enables plug-and-play digital connectivity between ultra-HD video sources and remote displays. In the automotive domain, Valens’ product offering includes both symmetric and asymmetric connectivity solutions for high bandwidth transmission of native interfaces over a single low-cost wires and connectors. Valens’ advanced PHY technologies for the auto industry provides the safety and resilience required to handle the noisy automotive environment, addressing the needs of Advanced driver-assistance systems (ADAS), Automotive Data Solutions (ADS), infotainment, telematics and backbone connectivity.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>b.</b></td><td style="text-align: left">As of December 31, 2022, and 2021, the Company has wholly owned subsidiaries in the United States, Japan, China, and Germany primarily for the marketing of and support for the Company’s products.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">In March 2010, the Company incorporated, together with Samsung Electronics, LG Electronics and Sony Pictures Technologies Inc., the HDBaseT Licensing LLC (the “LLC’) in Oregon, USA. The Company holds 25% of interest in the LLC. The LLC’s purposes are (i) to hold, obtain, license and/or acquire rights to certain intellectual property associated with or connected to or related to technical specifications developed by the HDBaseT Alliance, an Oregon nonprofit mutual benefit corporation (hereafter the “Alliance”), to enter into licensing arrangements for such intellectual property as required by the intellectual property rights policy of the Alliance; and (ii) to engage in any other lawful act or activity for which limited liability companies may be formed under the Act, and to do all things incidental to such purposes.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>c.</b></td><td style="text-align: left">On September 29, 2021 (the “Closing Date”), the Company consummated a merger transaction (referred to as the “Merger Agreement Closing”) pursuant to a merger agreement, dated May 25, 2021 (the “Merger Agreement”), by and among the Company, PTK Acquisition Corp., a Delaware corporation whose common stock and warrants were then traded on the New York Stock Exchange (“PTK” or “SPAC”) and Valens Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”).</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">As a result of the Merger Agreement Closing, and upon consummation of other transactions contemplated by the Merger Agreement Closing (the “Transactions”), PTK became a wholly owned subsidiary of the Company, and (a) each of the PTK Warrants (total of 18,160,000 warrants (composed of 11,500,000 Public Warrants (“Public Warrants”) and 6,660,000 Private Warrants as both further disclosed in Note 9(b) below) convertible into 9,080,000 PTK common stock), automatically became a Company Warrant and all rights with respect to the PTK common stock underlying the PTK Warrants were automatically converted into rights with respect to Company Ordinary Shares and thereupon assumed by the Company, and (b) each PTK common stock issued and outstanding immediately prior to the Merger Agreement Closing was converted automatically into one Company Ordinary Share (for total of 5,867,763 Ordinary Shares including the Ordinary Shares subject to forfeiture). The total proceeds received by the Company as part of the above Transactions totaled to $29.9 million.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 72pt; ">In connection therewith, the Company issued to the PTK’s sponsor: (a) 2,875,000 Ordinary Shares; and (b) 6,660,000 warrants, each of which entitles the holder thereof to purchase one half (1/2) of a Company Ordinary Share (the “Private Warrants”, refer also to Note 9(b) below) ((a) and (b) together, the “Sponsor Equity”). The Sponsor Equity is subject to certain terms and conditions, as set forth in the Merger Agreement. 35% of the Valens Ordinary Shares that the PTK sponsor received in respect of its PTK common stock (i.e., 1,006,250 Ordinary Shares), are subject to forfeiture if certain price targets for the Valens Ordinary Shares are not achieved within a certain period of time after the Closing Date or if an M&A Transaction (as defined in the Merger Agreement), does not occur at a certain minimum price (the “Forfeiture Shares”). Such Forfeiture Shares are classified as a liability and presented at fair value, although they are considered outstanding shares and are entitled to voting rights and distributions. Please refer in addition to Note 2(x).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">Concurrently with the execution of the Merger Agreement, Valens and certain accredited investors, entered into a series of subscription agreements, providing for the purchase by the PIPE (Private Investment in Public Equity) Investors at the Closing Date of an aggregate of 12,500,000 Valens Ordinary Shares at a price per share of $10.00, for gross proceeds to Valens of $125.0 million (collectively, the “PIPE Financing”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">Pursuant to the Merger Agreement Closing, and immediately prior to the consummation of the Merger and the PIPE Financing, the Company effected a recapitalization transaction whereby (i) all of the Company Preferred Shares were converted on a one-to-one basis into the Company Ordinary Shares, (ii) each Company Ordinary Share that was issued and outstanding immediately prior to the Closing Date, was reverse split into a number of the Company Ordinary Shares, such that each Company Ordinary Share had an implied value of $10.00 per share at the Closing Date, after giving effect to a stock reverse split ratio of 0.662531-to-one Ordinary Share (the “Reverse Stock Split”), ((i) and (ii) collectively the “Recapitalization”), (iii) the Company adopted amended and restated articles of association and (iv) any outstanding stock options of the Company issued and outstanding immediately prior to the Closing Date were adjusted to give effect to the foregoing transactions and remained outstanding and their exercise prices were adjusted accordingly. In addition, the Company eliminated the par value of its Ordinary Shares.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">As a result, all Ordinary Shares, options exercisable for Ordinary Shares, exercise prices and income (loss) per share amounts have been adjusted on a retroactive basis, for all periods presented in these consolidated financial statements, to reflect such Reverse Stock Split. The number of Preferred Shares has not been retrospectively adjusted in these consolidated financial statements since the conversion to Ordinary Shares occurred simultaneously with the Reverse Stock Split. The conversion of the Redeemable Convertible Preferred Shares was reflected on the Closing Date. The total number of Preferred Shares converted into Ordinary Shares on September 29, 2021, was 67,242,640 after giving effect of the Reverse Stock Split.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The net proceeds received by the Company as part of the Merger Agreement Closing and the PIPE Financing totaled to $131.6 million; underwriting fees and issuance costs (which consist of certain legal, accounting and other costs) amounted to $23.4 million, out of which an amount of $20.8 million was recorded as a reduction to Shareholders’ Equity, and an amount of $2.6 million was recorded within Statements of Operations ($2.1 million in the General and administrative expenses and $0.5 million was recorded in the Financial income, net).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">In addition, and as part of the Merger Agreement Closing and the PIPE Financing, i) the Company booked within the General and Administrative expenses an amount of approximately $3.4 million, due to options vesting acceleration resulted from the Merger Agreement Closing (refer also to note 11); and ii) the Company recorded the Forfeiture Shares liability of $4.5 million against the Additional Paid In Capital (refer also to note 2(x)).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>d.</b></td><td style="text-align: left">The breakout of the COVID-19 pandemic in 2020 and the global efforts to manage and control it, disrupted what was considered up until then the normal way of operating businesses, education systems, healthcare, and transportation among others. As a result of the pandemic, authorities around the world implemented unprecedented control measures. Those actions had a worldwide impact, including on the imbalance of the global supply chain, and adoption of hybrid work models. Our workforce and operations, and those of our customers, contract manufacturers, suppliers, and logistics providers, were affected as well.</td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The Company experienced some disruption to parts of our global semiconductor supply chain, including procuring necessary components and inputs, such as wafers and substrates, in a timely fashion, with suppliers increasing lead times or placing products on allocation. As a result of these supply chain disruptions, we increased customer order lead times. The pandemic resulted in authorities around the world implementing numerous unprecedented measures, such as travel restrictions quarantines, shelter-in-place order, and factory and office shutdowns, which impacted our workforce and operations and those of our customers, suppliers and logistics providers. Existing or new precautionary measures or modifications in our business practices and policies, may negatively impact our business or operations, especially if the spread of COVID-19 (including any variants) resumes. The degree to which the pandemic ultimately impacts our business and results of operations will depend on future developments beyond our control and to what extent normal economic and operating conditions resume.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">Currently, the macroeconomic environment is uncertain. The Company continues to experience various constraints in its supply chain and may continue to incur some challenges in obtaining certain essential components in a timely manner to meet demand. The Company monitors the implications of the pandemic and macroeconomic environment on its operations and may modify its business practices and policies from time to time. The ability to quantify the impact of the pandemic on the Company’s business remains limited and its effects on the business are unlikely to be fully realized, or reflected in the Company’s financial results, until future periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>e.</b></td><td style="text-align: left"><b>Military Tensions Between Russia and Ukraine</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">In February 2022, Russian forces launched a military invasion of Ukraine. In response, the United States, the European Union, United Kingdom and other governments have imposed significant economic sanctions on Russia, and Russia has responded with counter-sanctions. The war in Ukraine has disrupted international commerce and the global economy.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">Although the Company does not currently operate in Ukraine or Russia and therefore does not experience any impact from the war in Ukraine, the duration and severity of the effects on its business and the global economy are inherently unpredictable. Management will continue to monitor the effects of the war in Ukraine and its potential further impacts on the Company.</p> | |
CY2022Q4 | us-gaap |
Convertible Preferred Stock Shares Reserved For Future Issuance
ConvertiblePreferredStockSharesReservedForFutureIssuance
|
9080000 | shares |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Type
DebtConversionConvertedInstrumentType
|
one | |
CY2022 | vln |
Ordinary Shares Subject To Forfeiture
OrdinarySharesSubjectToForfeiture
|
5867763 | shares |
CY2022 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
29900000 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
6660000 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
10 | |
CY2021Q3 | us-gaap |
Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
|
67242640 | shares |
CY2022 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
3400000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4500000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width: 0.5in"><b>b.</b></td><td style="text-align: left"><b>Use of estimates in preparation of financial statements</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the balance sheet date, amounts of contingent assets and liabilities and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates under different assumptions or circumstances.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0.15pt; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "><span style="font-size: 10pt">On an ongoing basis, management evaluates its estimates, including those related to write-down for excess and obsolete inventories, the valuation of stock-based compensation awards</span>, <span style="font-size: 10pt">estimated useful lives of fixed assets and forfeiture shares liability. Such estimates often require the selection of appropriate valuation methodologies and models, and significant judgment in evaluating ranges of assumptions and financial inputs. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p> | |
CY2022Q4 | vln |
Short Term Deposits Interest Rate
ShortTermDepositsInterestRate
|
0.042 | pure |
CY2021Q4 | vln |
Short Term Deposits Interest Rate
ShortTermDepositsInterestRate
|
0.006 | pure |
CY2022 | us-gaap |
Sales Commissions And Fees
SalesCommissionsAndFees
|
615000 | usd |
CY2021 | us-gaap |
Sales Commissions And Fees
SalesCommissionsAndFees
|
790000 | usd |
CY2022 | vln |
Rate Of Monthly Salary Allocated Against Monthly Deposit
RateOfMonthlySalaryAllocatedAgainstMonthlyDeposit
|
0.0833 | pure |
CY2022 | vln |
Description Of Severance Payment Valuation
DescriptionOfSeverancePaymentValuation
|
Chinese subsidiary: The Chinese subsidiary liability for severance pay for its local employees is calculated in accordance with the Chinese law. The severance payment is calculated as the product of A x B, where A is the lower of a) most recent monthly salary paid to employees or b) cap of RMB 24,633 (approximately $3,600), and B is the length of employment in the Company (years). The Company does not make deposits in third party funds, hence, records the potential liability within Other long-term liabilities in the balance sheet. | |
CY2022 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width:0.5in"><b>m.</b></td><td style="text-align: left"><b>Revenue recognition</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The Company applies ASC 606, “Revenue from Contracts with Customers” (“ASC 606”). Under ASC 606, an entity recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration that the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the entity performs the following five steps:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top; text-align: left"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left">(i)</td><td style="text-align: left">Identify the contract(s) with a customer;</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top; text-align: left"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left">(ii)</td><td style="text-align: left">Identify the performance obligations in the contract;</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top; text-align: left"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left">(iii)</td><td style="text-align: left">Determine the transaction price;</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top; text-align: left"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left">(iv)</td><td style="text-align: left">Allocate the transaction price to the performance obligations in the contract;</td> </tr></table><p style="margin-top: 0; margin-bottom: 0"> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top; text-align: left"> <td style="width: 1in"/><td style="width: 0.25in; text-align: left">(v)</td><td style="text-align: left">Recognize revenue when (or as) the performance obligation is satisfied.</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The Company uses the following practical expedients that are permitted under ASC 606:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top"> <td style="width: 1in"/><td style="width: 0.25in">●</td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that the Company otherwise would have recognized is one year or less. These costs are included in sales and marketing expenses. </span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top"> <td style="width: 1in"/><td style="width: 0.25in">●</td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">When a contract with a customer includes a material right to acquire future goods or services that are similar to the original goods or services in the contract and are provided in accordance with the terms of the original contract, the Company allocates the transaction price to the optional goods or services by reference to the goods or services expected to be provided and the corresponding expected consideration. </span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 99.25pt; text-align: left; text-indent: 0in; "> </p><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; "><tr style="vertical-align: top"> <td style="width: 1in"/><td style="width: 0.25in">●</td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">The Company applies the practical expedient of allowing it to disregard the effects of a financing component if the period between when the Company transfers the promised services to the customer and when the customer pays for the services will be one year or less.</span></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The Company generates revenues mainly from selling semiconductor products (chips). Revenues are recognized when the customer (which includes distributors) obtains control over the Company’s product, typically upon shipment to the customer. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; ">The Company does not grant a right of return, refund, cancelation or termination. From time to time, the Company provides certain distributors with the right to free or discounted goods products in future periods that provides a material right to the customer. In such cases, such right is accounted for as a separate performance obligation. As of December 31, 2022, and 2021, the deferred revenues for such material rights were $0 thousand and $54 thousand, respectively. The amounts of revenues recognized in the period that were included in the opening deferred revenues balance were $54 and $76 thousand for the years ended December 31, 2022, and December 31, 2021, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; "> </p>The Company generally provides to its customers a limited warranty assurance that the sold products are in compliance with the applicable specifications at the time of delivery. Under the Company’s standard terms and conditions of sale, liability for certain failures of product during a stated warranty period is usually limited to repair or replacement of defective items. To the extent the Company sells extended warranty, the recognition | |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
0 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
54000 | usd |
CY2022 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
54000 | usd |
CY2021 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
76000 | usd |
CY2022 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
0 | pure |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"/><td style="width:0.5in"><b>v.</b></td><td style="text-align: left"><b>Concentrations of credit risk</b></td></tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent">Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents, investments in short-term deposits and trade accounts receivable. As of December 31, 2022, and 2021, the Company had cash and cash equivalents totaling $20,024 thousand and $56,791 thousand, respectively, as well as short-term deposits of $128,363 thousand and $117,568 thousand as of December 31, 2022, and 2021, respectively, which are deposited in major Israeli, U.S, Japanese, German and Chinese financial institutions. The Company’s management believes that these financial institutions are financially sound.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left; text-indent: 0in; background-color: transparent"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left">The Company extends different levels of credit to customers and does not require collateral deposits. As of December 31, 2022, and 2021, the Company did not have allowances for doubtful accounts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left"> </p> | |
CY2022Q4 | vln |
Number Of Market Service Provided
NumberOfMarketServiceProvided
|
20024000 | usd |
CY2021Q4 | vln |
Number Of Market Service Provided
NumberOfMarketServiceProvided
|
56791000 | usd |
CY2022 | us-gaap |
Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
|
128363000 | usd |
CY2021 | us-gaap |
Undistributed Continuing Operation Earnings Loss Allocation To Participating Securities Basic
UndistributedContinuingOperationEarningsLossAllocationToParticipatingSecuritiesBasic
|
117568000 | usd |
CY2022Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
4900000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
9870000 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
4718000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
13946000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
4604000 | usd |
CY2022Q4 | us-gaap |
Inventory Gross
InventoryGross
|
23816000 | usd |
CY2021Q4 | us-gaap |
Inventory Gross
InventoryGross
|
9322000 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
23000 | usd |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2020 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
73000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9540000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8114000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6750000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5373000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2790000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2741000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1377000 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
1099000 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
1093000 | usd |
CY2022Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
3203000 | usd |
CY2021Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
3464000 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
514000 | usd |
CY2021Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
40000 | usd |
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
142000 | usd |
CY2021Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
142000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2262000 | usd |
CY2021Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2977000 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6121000 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6623000 | usd |
CY2021 | vln |
Lessee Operating Lease Liability Payments Due Next Twelve Month
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonth
|
1821000 | usd |
CY2021Q4 | vln |
Lessee Operating Lease Liability Payment Due Year Two
LesseeOperatingLeaseLiabilityPaymentDueYearTwo
|
348000 | usd |
CY2021 | vln |
Lessee Operating Lease Liability Payment Due Year Three
LesseeOperatingLeaseLiabilityPaymentDueYearThree
|
30000 | usd |
CY2021Q4 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
2199000 | usd |
CY2021 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
2670000 | usd |
CY2020 | us-gaap |
Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
|
2527000 | usd |
CY2022Q4 | us-gaap |
Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
|
P3Y | |
CY2022 | us-gaap |
Payments To Acquire Leases Held For Investment
PaymentsToAcquireLeasesHeldForInvestment
|
31000 | usd |
CY2022Q4 | us-gaap |
Area Of Land
AreaOfLand
|
5500 | sqm |
CY2022Q4 | us-gaap |
Net Investment In Lease Threshold Period Past Due
NetInvestmentInLeaseThresholdPeriodPastDue
|
P2Y | |
CY2022 | vln |
Extended Lease
ExtendedLease
|
P1Y | |
CY2022 | us-gaap |
Payments For Rent
PaymentsForRent
|
132000 | usd |
CY2022 | us-gaap |
Sale Leaseback Transaction Monthly Rental Payments
SaleLeasebackTransactionMonthlyRentalPayments
|
1000 | usd |
CY2022Q4 | vln |
Share Price1
SharePrice1
|
7.4 | |
CY2022Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
2783000 | usd |
CY2021Q4 | us-gaap |
Purchase Obligation
PurchaseObligation
|
6563000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
1006250 | shares |
CY2022 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
2252000 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
2093000 | usd |
CY2022 | us-gaap |
Impairment Excluding Lessor Asset Under Operating Lease
ImpairmentExcludingLessorAssetUnderOperatingLease
|
4900 | usd |
CY2022 | vln |
Operating Lease Liabilities Arising From Obtaining Operating Rightofuse Assets Excluding The Impac
OperatingLeaseLiabilitiesArisingFromObtainingOperatingRightofuseAssetsExcludingTheImpac
|
648000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3824000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1811000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1624000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3435000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.1309 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1949000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1855000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
134000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3938000 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
503000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3435000 | usd |
CY2022 | vln |
Additional Royalties
AdditionalRoyalties
|
0.1 | |
CY2022Q4 | vln |
Total Value Of Open Purchase Orders
TotalValueOfOpenPurchaseOrders
|
19418000 | usd |
CY2021Q4 | vln |
Total Value Of Open Purchase Orders
TotalValueOfOpenPurchaseOrders
|
50591000 | usd |
CY2022Q4 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice1
|
5.37 | |
CY2021Q4 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice1
|
7.7 | |
CY2022 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.01 | |
CY2022Q4 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
18 | |
CY2022Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
3330000 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
|
0.25 | pure |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
15449513 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.73 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
239610 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
6.28 | |
CY2022 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodGross
|
1635347 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.5 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
105627 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0.86 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
13948149 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.85 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
11649042 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.77 | |
CY2021 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
407000 | usd |
CY2020 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
164000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022 | vln |
Options Respectively Granted
OptionsRespectivelyGranted
|
239610 | |
CY2021 | vln |
Options Respectively Granted
OptionsRespectivelyGranted
|
321777 | |
CY2020 | vln |
Options Respectively Granted
OptionsRespectivelyGranted
|
3347705 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Number Of Shares Period Increase Decrease
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNumberOfSharesPeriodIncreaseDecrease
|
8116000 | shares |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P1Y10M20D | |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
6160000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9823000 | usd |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5329000 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4377000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1295000 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2592000 | usd |
CY2021 | vln |
Issuance Costs Attributed To Forfeiture Shares
IssuanceCostsAttributedToForfeitureShares
|
473000 | usd |
CY2022 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
2298000 | usd |
CY2021 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
311000 | usd |
CY2020 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
849000 | usd |
CY2020 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
109000 | usd |
CY2022 | vln |
Other
Other
|
-309000 | usd |
CY2021 | vln |
Other
Other
|
31000 | usd |
CY2020 | vln |
Other
Other
|
32000 | usd |
CY2022 | vln |
Finance Income Net
FinanceIncomeNet
|
-1770000 | usd |
CY2021 | vln |
Finance Income Net
FinanceIncomeNet
|
1102000 | usd |
CY2020 | vln |
Finance Income Net
FinanceIncomeNet
|
3300000 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-27667000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-26534000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-19635000 | usd |
CY2022 | vln |
Net Income Loss Attributable To Common Stock Holders Basic And Diluted
NetIncomeLossAttributableToCommonStockHoldersBasicAndDiluted
|
-27667000 | usd |
CY2021 | vln |
Net Income Loss Attributable To Common Stock Holders Basic And Diluted
NetIncomeLossAttributableToCommonStockHoldersBasicAndDiluted
|
-37864000 | usd |
CY2020 | vln |
Net Income Loss Attributable To Common Stock Holders Basic And Diluted
NetIncomeLossAttributableToCommonStockHoldersBasicAndDiluted
|
-33965000 | usd |
CY2022 | vln |
Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
|
97820782 | shares |
CY2021 | vln |
Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
|
33031205 | shares |
CY2020 | vln |
Weighted Average Number Of Share Outstanding Basic
WeightedAverageNumberOfShareOutstandingBasic
|
10448218 | shares |
CY2022 | vln |
Earnings Per Shares Basic
EarningsPerSharesBasic
|
-0.28 | |
CY2021 | vln |
Earnings Per Shares Basic
EarningsPerSharesBasic
|
-1.15 | |
CY2020 | vln |
Earnings Per Shares Basic
EarningsPerSharesBasic
|
-3.25 | |
CY2022 | vln |
Annual Rates
AnnualRates
|
0.07 | pure |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
407000 | usd |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
164000 | usd |
CY2022 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
451000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0884 | pure |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-27232000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-26137000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-19488000 | usd |
CY2022 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
360000 | usd |
CY2021 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
306000 | usd |
CY2020 | us-gaap |
Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
|
97000 | usd |
CY2022 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
91000 | usd |
CY2021 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
101000 | usd |
CY2020 | us-gaap |
Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
|
67000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
451000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
407000 | usd |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
164000 | usd |
CY2022 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
360000 | usd |
CY2021 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
306000 | usd |
CY2020 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
97000 | usd |
CY2022 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
91000 | usd |
CY2021 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
101000 | usd |
CY2020 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
67000 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
451000 | usd |
CY2022 | vln |
Proceeds From Transactions Related To The Merger Net
ProceedsFromTransactionsRelatedToTheMergerNet
|
usd | |
CY2020 | vln |
Proceeds From Transactions Related To The Merger Net
ProceedsFromTransactionsRelatedToTheMergerNet
|
usd | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-27232000 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-26137000 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-19488000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.23 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.23 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.23 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-6263000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-6011000 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-4482000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-3000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
1000 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
4000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
5505000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3773000 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3224000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
852000 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
2338000 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1321000 | usd |
CY2022 | vln |
Effective Income Tax Rate Reconciliation Tax Prepayment Percent
EffectiveIncomeTaxRateReconciliationTaxPrepaymentPercent
|
360000 | usd |
CY2021 | vln |
Effective Income Tax Rate Reconciliation Tax Prepayment Percent
EffectiveIncomeTaxRateReconciliationTaxPrepaymentPercent
|
306000 | usd |
CY2020 | vln |
Effective Income Tax Rate Reconciliation Tax Prepayment Percent
EffectiveIncomeTaxRateReconciliationTaxPrepaymentPercent
|
97000 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
451000 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
407000 | usd |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
164000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17670000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
21221000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
10861000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
|
7526000 | usd |
CY2022Q4 | vln |
Deferred Tax Assets Issuance Costs
DeferredTaxAssetsIssuanceCosts
|
1009000 | usd |
CY2022Q4 | vln |
Employee And Payroll Accrued Expenses
EmployeeAndPayrollAccruedExpenses
|
700000 | usd |
CY2021Q4 | vln |
Deferred Tax Assets Issuance Costs
DeferredTaxAssetsIssuanceCosts
|
2338000 | usd |
CY2020 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
usd | |
CY2021Q4 | vln |
Employee And Payroll Accrued Expenses
EmployeeAndPayrollAccruedExpenses
|
763000 | usd |
CY2022Q4 | vln |
Operating Lease Liabilities
OperatingLeaseLiabilities
|
742000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
|
1364000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
38000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
44000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
32384000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
31892000 | usd |
CY2022Q4 | vln |
Operating Lease Rightofuse Assets
OperatingLeaseRightofuseAssets
|
832000 | usd |
CY2022Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
832000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
31552000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
31892000 | usd |
CY2022Q4 | vln |
Less Valuation Allowance For Deferred Tax Assets
LessValuationAllowanceForDeferredTaxAssets
|
-31552000 | usd |
CY2021Q4 | vln |
Less Valuation Allowance For Deferred Tax Assets
LessValuationAllowanceForDeferredTaxAssets
|
-31892000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
31552000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
31892000 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
340000 | usd |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-9595000 | usd |
CY2020 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-4500000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.50 | pure |
CY2022 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2022 | vln |
Revenue
Revenue
|
90715000 | usd |
CY2020 | vln |
Revenue
Revenue
|
70684000 | usd |
CY2019 | vln |
Revenue
Revenue
|
56910000 | usd |
CY2022Q4 | vln |
Long Lived Assets
LongLivedAssets
|
6614000 | usd |
CY2021Q4 | vln |
Long Lived Assets
LongLivedAssets
|
2741000 | usd |
CY2022 | vln |
Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
usd | |
CY2020Q4 | vln |
Long Lived Assets
LongLivedAssets
|
2353000 | usd |
CY2020 | vln |
Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
IssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
|
usd | |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2022 | vln |
Options Grants In Period
OptionsGrantsInPeriod
|
239610 | shares |
CY2021 | vln |
Options Grants In Period
OptionsGrantsInPeriod
|
321777 | shares |
CY2020 | vln |
Options Grants In Period
OptionsGrantsInPeriod
|
3347705 | shares |
CY2022Q4 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice
|
6.28 | |
CY2021Q4 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice
|
1.04 | |
CY2020Q4 | vln |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisableWeightedAverageExercisePrice
|
0.86 | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
515103 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
|
7398 | shares |
CY2022 | vln |
Fair Value
FairValue
|
The fair value of the stock options that were granted during the year ended December 31, 2022, is $362 thousand, which is expected to be recognized over a 3-4-years vesting period, and the fair value of the RSUs is $2,603 thousand, which is expected to be recognized over a 1-4-years vesting period. | |
CY2022Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
362000 | usd |
CY2022 | vln |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue
|
2603000 | usd |
CY2022 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
401000 | usd |
CY2021 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
172000 | usd |
CY2020Q1 | vln |
Term Of Employment
TermOfEmployment
|
P5Y | |
CY2021Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
|
814272 | shares |
CY2021Q3 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
3396000 | usd |
CY2022 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
1545000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
142000 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
142000 | usd |
CY2020 | vln |
Change In Fair Value Of Forfeiture Share
ChangeInFairValueOfForfeitureShare
|
usd | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.25 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
97820782 | shares |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2021 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2020 | vln |
Change In Fair Value Of Forfeiture Shares
ChangeInFairValueOfForfeitureShares
|
usd | |
CY2021 | vln |
Reduction In The Carrying Amount Of Rou Assets
ReductionInTheCarryingAmountOfROUAssets
|
usd | |
CY2020 | vln |
Reduction In The Carrying Amount Of Rou Assets
ReductionInTheCarryingAmountOfROUAssets
|
usd | |
CY2022 | vln |
Equity Method Investment Earnings Net Of Dividend Received
EquityMethodInvestmentEarningsNetOfDividendReceived
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
usd | |
CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2020 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2022 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | |
CY2020 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
4485 | usd |
CY2020 | vln |
Issuance Costs Attributed To Forfeiture Shares
IssuanceCostsAttributedToForfeitureShares
|
usd | |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
usd | |
CY2020 | vln |
Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
|
10448218 | shares |
CY2021 | vln |
Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
|
33031205 | shares |
CY2022 | vln |
Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
|
97820782 | shares |
CY2022 | vln |
Earnings Per Shares Diluted
EarningsPerSharesDiluted
|
-0.28 | |
CY2021 | vln |
Earnings Per Shares Diluted
EarningsPerSharesDiluted
|
-1.15 | |
CY2020 | vln |
Earnings Per Shares Diluted
EarningsPerSharesDiluted
|
-3.25 | |
CY2022 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
usd | |
CY2020 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2020 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001863006 |