Gauzy Ltd. Announces Third Quarter and Nine Months 2024 Results
Gauzy Ltd. - Ordinary Shares (GAUZ)
Company Research
Source: GlobeNewswire
Delivers Third Quarter Revenue Growth of 24.6% Driven by Broad-Based Strength Across Segments Announces Ground-Breaking Customer Wins Across All Divisions with Major OEMs Accelerating Demand, Driving Record Backlog Levels Narrows Adjusted Net Loss for the Quarter, Continuing Path to Improved Profitability Reiterates Fourth Quarter 2024 Guidance Range TEL AVIV, Israel and NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader of vision and light control technologies, today announced financial results for the third quarter and nine months ended September 30, 2024. Third Quarter 2024 Highlights (Compared to Third Quarter 2023) Revenues of $23.3 million increased 24.6% compared to $18.7 millionGross margin of 23.9% declined 290 basis points compared to 26.8%Net loss of $5.5 million compared to a net loss of $21.3 millionNon-GAAP Adjusted net loss of $7.8 million compared to an adjusted net loss of $9.8 millionTotal availa
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- Gauzy (NASDAQ: GAUZ) had its price target lowered by analysts at B. Riley from $15.50 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- Gauzy (NASDAQ: GAUZ) had its price target lowered by analysts at Barclays PLC from $24.00 to $15.00. They now have an "overweight" rating on the stock.MarketBeat
- 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
- Gauzy Ltd. adds Second Production Shift in Europe to Meet Strong Global Demand; Releases Preliminary Third Quarter Revenue Range and Provides Fourth Quarter GuidanceGlobeNewswire
- Ferrari Selects Gauzy’s Smart Glass Technology for Serial Production in Its First-Ever SUVGlobeNewswire