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Gauzy Ltd. Announces Preliminary Revenue Ranges, Demonstrating Strong Double-Digit Growth for the Second Quarter and First Half 2024 that Exceeded Expectations
Gauzy (Nasdaq: GAUZ), a leader in vision and light control solutions, has announced strong preliminary revenue ranges for Q2 and H1 2024. Q2 revenues are expected to be between $24.0-$24.5 million, up from $19.9 million in Q2 2023. H1 2024 revenues are projected at $48.7-$49.2 million, compared to $37.4 million in H1 2023. These ranges represent approximately 22% and 31% growth for Q2 and H1 2024, respectively.
CEO Eyal Peso attributed the growth to key customers accelerating their purchasing commitments to meet robust demand. The company is seeing increased adoption of its smart glass technologies by OEMs, major cities replacing bus mirrors with Gauzy's ADAS and CMS systems, and incorporation of its products into new commercial and hospitality projects
CEO Eyal Peso attributed the growth to key customers accelerating their purchasing commitments to meet robust demand. The company is seeing increased adoption of its smart glass technologies by OEMs, major cities replacing bus mirrors with Gauzy's ADAS and CMS systems, and incorporation of its products into new commercial and hospitality projects
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