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Mobileye Global | 8-K: Mobileye Releases Third Quarter 2024 Results and Provides Business Overview

Mobileye Global | 8-K: Mobileye Releases Third Quarter 2024 Results and Provides Business Overview

Mobileye Global | 8-K:Mobileye發佈2024年第三季度業績並提供業務概覽
美股SEC公告 ·  2024/10/31 18:46

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Mobileye reported Q3 2024 revenue of $486 million, down 8% YoY primarily due to a 9% reduction in EyeQ volumes, mainly from decreased shipments to China OEMs and modest global vehicle production declines. The company maintained its full-year 2024 revenue guidance midpoint at $1.62-1.66 billion.The quarter saw a significant non-cash goodwill impairment charge of $2.6 billion due to market capitalization falling below book equity value, resulting in a GAAP operating loss of $2.8 billion. Adjusted operating income was $78 million with a 16% margin, down from 34% in Q3 2023. The company generated operating cash flow of $196 million in the first nine months of 2024.Despite near-term challenges, Mobileye continues to focus on strategic objectives including maintaining ADAS market position outside China and deepening relationships with top 10 customers. The company is progressing with Volkswagen Group production programs for SuperVision, Chauffeur, and Drive systems, while also announcing the wind-down of internal FMCW Lidar development to optimize costs.
Mobileye reported Q3 2024 revenue of $486 million, down 8% YoY primarily due to a 9% reduction in EyeQ volumes, mainly from decreased shipments to China OEMs and modest global vehicle production declines. The company maintained its full-year 2024 revenue guidance midpoint at $1.62-1.66 billion.The quarter saw a significant non-cash goodwill impairment charge of $2.6 billion due to market capitalization falling below book equity value, resulting in a GAAP operating loss of $2.8 billion. Adjusted operating income was $78 million with a 16% margin, down from 34% in Q3 2023. The company generated operating cash flow of $196 million in the first nine months of 2024.Despite near-term challenges, Mobileye continues to focus on strategic objectives including maintaining ADAS market position outside China and deepening relationships with top 10 customers. The company is progressing with Volkswagen Group production programs for SuperVision, Chauffeur, and Drive systems, while also announcing the wind-down of internal FMCW Lidar development to optimize costs.
Mobileye報告2024年第三季度營業收入爲48600萬,同比下降8%,主要由於EyeQ銷量減少9%,這主要是由於對中國原始設備製造商(OEM)的出貨量減少以及全球汽車生產的小幅下降。該公司保持2024年全年營業收入指導的中點在162-166億。本季度因市場市值低於賬面股權價值,產生了顯著的非現金商譽減值費用26億,導致GAAP經營損失達到28億。調整後的經營收入爲7800萬,利潤率爲16%,低於2023年第三季度的34%。該公司在2024年前九個月生成了19600萬的經營現金流。儘管面臨短期挑戰,Mobileye仍然專注於戰略目標,包括在中國以外維持ADAS市場地位,以及深化與前十名客戶的關係。該公司正在推進與大衆汽車集團的SuperVision、Chauffeur和Drive系統的生產項目,同時宣佈結束內部FMCW激光雷達的發展,以優化成本。
Mobileye報告2024年第三季度營業收入爲48600萬,同比下降8%,主要由於EyeQ銷量減少9%,這主要是由於對中國原始設備製造商(OEM)的出貨量減少以及全球汽車生產的小幅下降。該公司保持2024年全年營業收入指導的中點在162-166億。本季度因市場市值低於賬面股權價值,產生了顯著的非現金商譽減值費用26億,導致GAAP經營損失達到28億。調整後的經營收入爲7800萬,利潤率爲16%,低於2023年第三季度的34%。該公司在2024年前九個月生成了19600萬的經營現金流。儘管面臨短期挑戰,Mobileye仍然專注於戰略目標,包括在中國以外維持ADAS市場地位,以及深化與前十名客戶的關係。該公司正在推進與大衆汽車集團的SuperVision、Chauffeur和Drive系統的生產項目,同時宣佈結束內部FMCW激光雷達的發展,以優化成本。
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