MBLY
Mobileye Global Inc
Q3 2024 Report
Mobileye Global Inc (MBLY) QQ3 2024 Financial Results: Navigating a Complex Market Landscape...
Read full report
Executive Summary
Mobileye Global Inc, a leader in advanced driver-assistance systems (ADAS), reported a revenue of $490 million for Q4 2024, marking a 0.82% increase quarter-over-quarter and an impressive 105.02% increase year-over-year. Despite the significant revenue growth, the company posted a net loss of $71 million, resulting in an EPS of -$0.0875, reflecting challenges surrounding inventory digestion. According to CEO Prof. Amnon Shashua, operating cash flow was robust, finishing at $400 million for 2024, consistent with the prior year, highlighting effective working capital management despite ongoing market adjustments. Furthermore, Mobileye remains focused on strategic growth opportunities in its core markets, particularly in China, which is pivotal to the company’s long-term outlook.
Key Performance Indicators
Revenue
490.00M
QoQ: 0.82% | YoY:105.02%
Gross Profit
241.00M
49.18% margin
QoQ: 1.69% | YoY:346.30%
Operating Income
-86.00M
QoQ: 96.94% | YoY:63.87%
Net Income
-71.00M
QoQ: 97.38% | YoY:67.43%
EPS
-0.09
QoQ: 97.39% | YoY:67.59%
Revenue Trend
Margin Analysis
Key Insights
For Q4 2024, Mobileye experienced notable metrics including: A gross profit of $241 million, leading to a gross profit margin of 49.2%. Operating expenses totaled $327 million, with R&D expenses accounting for $281 million, underscoring the company’s commitment to innovation and technology development. The operating income was reported at -$86 million, with an operating margin of -17.5%. Mobileye reported a current ratio of 6.53, reflecting strong liquidity. YoY revenue growth of 105.02% e...