Equity Research Analyst by beatandraise.com

MBLY Financial Update 2024

Equity Research Analyst by beatandraise.com

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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:

  1. FY 2024 Outlook and CES Presentation
  2. Q3 2023 Results
  3. Q2 2023 Results
  4. Q1 2023 Results
  5. Q4 2022 and Full-Year 2022 Results