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NEWS
Gauzy Ltd. adds Second Production Shift in Europe to Meet Strong Global Demand; Releases Preliminary Third Quarter Revenue Range and Provides Fourth Quarter Guidance
Gauzy (NASDAQ: GAUZ) has expanded production capacity by adding a second shift at its Lyon, France facility to meet strong global demand. The company expects Q3 2024 revenues between $23.0-23.5 million, up approximately 24% from Q3 2023's $18.7 million. Q4 2024 guidance projects revenues of $28-34 million, representing roughly 41% growth from Q4 2023's $22.0 million.
The company reports that $4 million of initially scheduled Q3 shipments in the Aeronautics segment will be delivered in Q4, with the remainder in 2025. Recent developments include partnerships with Ferrari and the Capital District Transportation Authority of New York, along with the launch of next-generation AI-powered ADAS for commercial trucks.
The company reports that $4 million of initially scheduled Q3 shipments in the Aeronautics segment will be delivered in Q4, with the remainder in 2025. Recent developments include partnerships with Ferrari and the Capital District Transportation Authority of New York, along with the launch of next-generation AI-powered ADAS for commercial trucks.
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