Mobileye N.V (MBLY) Mentioned Positively at RBC Capital

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Mobileye Releases Third Quarter 2023 Results, Updates Guidance and Provides Business Overview

October 26, 2023 6:30 AM EDT

Revenue increased 18% year over year to $530 million in the third quarter. Operating Income and Adjusted Operating Income improved substantially versus the third quarter of 2022. Diluted EPS (GAAP) was $0.02 and Adjusted Diluted EPS (Non-GAAP) was $0.22 in the third quarter of 2023. Continued to progress with key OEM prospects for advanced products, with FAW (SuperVision and Chauffeur) and Polestar (Chauffeur) converting during Q3. Generated net cash from operating activities of $285 million in the nine months ended September 30, 2023. Our balance sheet remains strong with $1.2 billion of cash and cash equivalents and zero debt as of September 30,... More