MBLY Financial Update 2024

Anonymous

get me an update on MBLY

Equity Research Analyst by beatandraise.com

Here's an update on Mobileye Global Inc. (MBLY) based on their recent filings:

Financial Outlook for FY 2024

Revenue: Expected to be between $1,830 million and $1,960 million.
Operating Loss: Anticipated to be between $(468) million and $(378) million.
Amortization of Acquired Intangible Assets: $444 million.
Share-Based Compensation Expense: $294 million.
Adjusted Operating Income: Estimated to be between $270 million and $360 million.

Q3 2023 Results

Revenue: Increased by 18% year over year to $530 million.
Operating Income: Improved substantially compared to Q3 2022.
Diluted EPS (GAAP): $0.02.
Adjusted Diluted EPS (Non-GAAP): $0.22.
Business Developments: Progress with OEM prospects for advanced products.

Updated Financial Guidance for FY 2023

Revenue: Now expected to be between $2,065 million and $2,090 million.
Operating Loss: Anticipated to be between $(79) million and $(62) million.
Adjusted Operating Income: Estimated between $648 million and $665 million.

Previous Quarters in 2023

Q2 2023: Revenue decreased 1% year over year to $454 million.
Q1 2023: Revenue increased 16% year over year to $458 million.

Business Highlights

Mobileye has been focusing on its advanced product portfolio and technology roadmap.
Significant improvements in operating income and adjusted operating income.
Collaboration and product launches with key OEMs.
Continuing efforts in geographic and economic scale through their solutions like REM™ crowd-sourced AV maps and Mobileye SuperVision™.

For more detailed information, you can access the full filings using the following links: