Gauzy Ltd. Announces Preliminary Revenue Ranges, Demonstrating Strong Double-Digit Growth for the Second Quarter and First Half 2024 that Exceeded Expectations
Gauzy Ltd. - Ordinary Shares (GAUZ)
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, July 15, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control solutions, today provided preliminary unaudited revenue ranges for its second quarter and first half ended June 30, 2024. Second quarter 2024 revenues are expected to be in a range of $24.0 million to $24.5 million compared to $19.9 million in the prior year quarter. First half 2024 revenues are expected to be in a range of $48.7 million to $49.2 million, compared to $37.4 million in the prior year period. These revenue ranges equate to approximately 22% and 31% growth for the second quarter and first half of 2024 at the respective midpoints. “Our exceptional start to 2024 extended into the second quarter with revenue that is expected to exceed expectations,” commented Eyal Peso, Gauzy Co-Founder and Chief Executive Officer. “As expected, the robust pace of revenue growth in the first half is driven by a number of key customers
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