Israeli advanced leadership assistance company (Adas) Mobileye Global Inc (NASDAQ: MBLE) ended a difficult year by overcoming balconies in its financial results in the fourth quarter, but guidance for investors disappointed 2025 and witnessed a sharp decrease in the price of his share in the pre -market trading in Wall Street.
The company announced revenues of $ 490 million in the fourth quarter, a 23 % decrease from the corresponding quarter of 2023, but higher than the expected analysts of $ 478 million. The annual revenue in 2024 amounted to $ 1.65 billion, a decrease of 20.4 % from 2023.
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Mobileye recorded a GAAP operating loss of $ 3.2 million in 2024, and a net loss of $ 3.1 million compared to a draw in 2023. In the fourth quarter, the loss of acceptable accounting principles in general was $ 71,000, compared to a net profit of $ 63,000 in the opposite quarter.
A net profit other than the principles of accounting generally accepted in the fourth quarter reached $ 107,000, a decrease of 53 % from the corresponding quarter of 2023, and the share profits were $ 0.13, higher than the expectations of analysts of $ 0.11.
Looking at the future, the company expects revenue to the growth of revenues, although it provides lukewarm instructions in relation to analysts’ expectations, which predicts $ 1.69-1.81 billion in 2025, compared to the market expectations of $ 1.96 billion. Mobileye expects a modified operating profit ranging between 175 and 260 million dollars this year.
Amnon Shashua is optimistic about the future of Mobileye
“I am proud of our accomplishments in 2024. against a difficult background, we implemented dozens of production program on time for our customers and shipping the million Eyeq system in our history. In 2024, while generating $ 400 million of flow Operating monetary, we also made outstanding progress in the columns of technology that supports our supervision, driver and the leadership of advanced solutions that lead the largest pipeline in our history.
“Our independent driving system structure is designed to improve both accuracy and expansion, and support the real transport revolution. We look forward to a strong rhythm to launch high -base products in Eyeq6 starting in 2026.”
Mobileye is currently trading in Wall Street with a maximum of $ 13 billion, a decrease of 39 % during the past year. The share price has now decreased by 8 % in pre -market trading.
It was published by Globes, Israel Business News – En.globes.co.il – on January 30, 2025.
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