Gauzy Ltd. adds Second Production Shift in Europe to Meet Strong Global Demand; Releases Preliminary Third Quarter Revenue Range and Provides Fourth Quarter Guidance
Gauzy Ltd. - Ordinary Shares (GAUZ)
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control solutions, today announced that it has added a second production shift at its facility in Lyon, France to expand its overall capacity and meet continued strong demand. The Company is also providing preliminary unaudited revenue ranges for its third quarter ended September 30, 2024 and revenue guidance for its fourth quarter ended December 31, 2024. Third quarter 2024 revenues are expected to be in a range of $23.0 million to $23.5 million compared to $18.7 million in the third quarter 2023, equating to approximately 24% growth at the midpoint. For the fourth quarter 2024, revenue is expected to be in a range of $28 million to $34 million compared to $22.0 million in the fourth quarter 2023, equating to approximately 41% growth at the midpoint. “Strong demand for our cutting-edge vision and light control technologies continued in the
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- Gauzy (NASDAQ: GAUZ) had its price target lowered by analysts at TD Cowen from $24.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
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