NEW YORK and TEL AVIV, Israel, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ), a global leader in vision and light control solutions, today announced that its senior management will attend the B. Riley Securities Consumer & TMT Conference on Wednesday, September 10, 2025 in New York. About Gauzy Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to supp ...

Core Insights - Gauzy Ltd. has been selected as the exclusive smart glass supplier for a Fortune 100 financial services leader, marking a significant milestone for the company [1][4] - The initial installations of Gauzy's smart glass have been completed in multiple office locations across the United States, including Texas, Florida, and Pennsylvania, with plans for expansion as new facilities are built and existing sites modernized [2] - The engagement with the financial services leader highlights Gauzy's role in the modernization of office environments, focusing on adaptability, customer experience, and sustainability [3] Strategic Significance - The program with the Fortune 100 financial services leader validates Gauzy's technology and execution capabilities, establishing a repeatable template for financial service environments [4] - This engagement reflects the company's focus on scalable platforms that create operational efficiencies for customers and drive recurring demand for its materials, controls, and services [5] Market Impact - The nationwide scalability of this engagement positions Gauzy as a standard supplier for new office construction and modernization projects, creating potential for recurring demand [8] - Gauzy's dynamic glazing technology can reduce building energy use by up to 20–30%, aligning with sustainability goals and reinforcing its relevance in ESG-focused markets [8] - Early installations demonstrate the company's execution capability, while the planned multi-phase rollout provides visibility into a pipeline of future deployments [8] Company Overview - Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies [6] - The company serves leading brands across various industries, including aeronautics, automotive, and architecture, in over 60 countries [6]

Company Performance - Gauzy Ltd. reported a quarterly loss of $0.66 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.40, representing an earnings surprise of -65.00% [1] - The company posted revenues of $20.05 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 30.75%, compared to revenues of $24.41 million a year ago [2] - Over the last four quarters, Gauzy Ltd. has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Movement and Outlook - Gauzy Ltd. shares have declined approximately 34.8% since the beginning of the year, while the S&P 500 has gained 9.6% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at -$0.14 for the coming quarter and -$0.73 for the current fiscal year [7] Industry Context - The Electronics - Miscellaneous Products industry, to which Gauzy Ltd. belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Gauzy Ltd.'s stock performance [5]

Financial Data and Key Metrics Changes - The company generated revenues of $20.1 million for Q2 2025, with a gross margin of 21.4%, down from 27% in the prior year period [14][15] - Total operating expenses increased to $16.8 million from $14.5 million year-over-year, primarily due to higher corporate expenses and increased depreciation and R&D expenses [16][17] - Adjusted EBITDA was negative $8.7 million, compared to negative $3.9 million in the prior year [17] - Free cash flow improved to an outflow of $5.2 million from negative $11.5 million year-over-year [18] - The company ended the quarter with total liquidity of $36.2 million, including $35 million available under an undrawn credit line [18][19] Business Line Data and Key Metrics Changes - The backlog of orders reached a record $43 million to be shipped in 2025, indicating strong customer demand [6][14] - The aeronautics segment is the largest contributor to the backlog, with $21.3 million associated with this division [48] - The warehouse division reported a gross margin of 23%, down from 37% in the prior year, reflecting lower segment revenue and a change in product mix [15] Market Data and Key Metrics Changes - The global automotive smart glass market is projected to grow from $16 billion in 2024 to over $25 billion by 2028, with the company positioned to capitalize on this growth [8] - The marine lab market is valued at $6.2 billion, with the company expanding its presence in this sector [9] Company Strategy and Development Direction - The company aims to strengthen its balance sheet through debt financing, having closed on $15 million under favorable terms [5][19] - Strategic expansion into the marine sector and the aeronautics division is a focus, with new product launches planned for early 2026 [10][11] - The company is committed to non-dilutive capital sources to fund operations until achieving cash flow profitability [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting full-year guidance despite shipment delays due to external factors, including a conflict in the region [6][29] - The second half of 2025 is expected to be significantly stronger than the first half, supported by a record backlog of orders [6][20] - Management emphasized the importance of operational discipline and cash management strategies to improve cash flow productivity [18] Other Important Information - The company has made significant board changes to align with its public company evolution, welcoming back a former director with expertise in global expansion and M&A [12] - The company is focused on enhancing its innovation pipeline across all business divisions [23] Q&A Session Summary Question: Can you elaborate on the timing dynamics affecting revenue? - Management acknowledged shifts in delivery timing and expressed confidence in meeting annual guidance despite some deliveries moving to the second half of the year [26][29] Question: What is the confidence level for the second half revenue ramp? - Management confirmed the company is prepared to deliver $45 million to $50 million quarters, aligning with sales order cadence [31][32] Question: Can you discuss liquidity dynamics going forward? - Management highlighted a $35 million credit line available for use and expressed confidence in achieving cash flow positive status [36][38] Question: What are the levers expected to achieve positive EBITDA this year? - Management indicated that achieving over $31 million in revenue would lead to positive adjusted EBITDA, with improved gross margins expected in the second half [43][45] Question: How does the backlog mix look for key contributors? - The aeronautics segment is the largest contributor to the backlog, with management confident in meeting targets for this division [47][48] Question: How will working capital items change to support increased shipping capacity? - Management noted that 80% of the business is factored, allowing for immediate cash flow upon invoicing, which supports production planning [50][52]

Financial Performance - Q2 2025 revenues reached $20.1 million [9], while gross margin was 21.4% [9] - The company raised $15 million in bank debt at favorable rates and terms [9] - Q2 2025 revenue increased by 22.4% year-over-year compared to Q2 2024 [27] - Adjusted EBITDA for Q2 2025 was $(8.7) million, a year-over-year growth of -$4.8 million [27] - The company reaffirms full year 2025 revenue guidance of $130-140 million, representing a 26-35% year-over-year growth [9, 34] Backlog and Pipeline - Purchase order backlog reached $43 million, up $7 million [9] - The company has a contracted backlog of $409 million minimum revenue expected to realize over 10 years [17] - The company expects to realize over $1 billion in contracted & uncommitted revenue over 10 years [17] - Over 80% of 2024 revenues are recurring in nature [25] Segment Performance - Aeronautics revenue for Q2 2025 was $6.9 million, a decrease of 31.7% year-over-year [30] - Architecture revenue for Q2 2025 was $2.5 million, a decrease of 5.2% year-over-year [30] - Automotive revenue for Q2 2025 was $1.4 million, an increase of 54.1% year-over-year [30] - Safety-Tech revenue for Q2 2025 was $9.3 million, a decrease of 14.1% year-over-year [30]

Core Insights - Gauzy Ltd. reported a record backlog of purchase orders amounting to $42.9 million at the end of the quarter, indicating strong demand and business momentum [5][6] - The company announced new product lines, including commercial aircraft cabin shading and advanced driver-assistance systems (ADAS) for buses, which are expected to enhance its market position [5][14] - The company secured new strategic customers in architecture, aeronautics, and safety technology sectors, further diversifying its client base [5][14] Financial Performance - For the second quarter of 2025, revenues were $20.1 million, down from $24.4 million in the same quarter of 2024, primarily due to shifts in delivery timing [6][8] - Gross margin decreased to 21.4% from 27.0% year-over-year, attributed to lower revenues against a fixed cost base [6][9] - The net loss for the second quarter was $10.7 million, an improvement from a net loss of $23.1 million in the prior year [6][11] Operational Highlights - The company closed on $15 million of debt financing with Mizrahi Bank, which includes $5 million drawn in July, enhancing its liquidity position [5][13] - Total available liquidity at the end of the quarter was $36.2 million, consisting of $1.2 million in cash and a $35 million undrawn credit facility [6][13] - The company reaffirmed its full-year revenue guidance, expecting revenues to be in the range of $130 million to $140 million for 2025 [16] Market Developments - General Motors began delivering Cadillacs featuring the largest smart glass panel in the industry, utilizing Gauzy's SPD technology, marking a significant milestone in the electric vehicle sector [5][14] - Gauzy is expanding into the high-margin marine market, having secured nine contracts to date, which could provide additional revenue streams [5][14] - The company is also supporting major brands like Moderna with its smart glass technology for commercial spaces [5][14]

Core Insights - Gauzy Ltd. announced the election of Alejandro Weinstein to its Board of Directors, effective November 1, 2025, following the annual general meeting of shareholders [1] - The company aims to adopt a leaner board structure to reduce corporate expenses and maintain agility [1] Company Leadership - Alejandro Weinstein has over 30 years of managerial experience, including serving as CEO of CFR Pharmaceuticals S.A., where he led the company to a multi-billion-dollar sale to Abbott Laboratories [2] - His expertise in global expansion, mergers and acquisitions, and public company leadership is expected to support Gauzy's growth and strategic objectives [2][3] Board Changes - Gal Gitter concluded his service on the Board after his term expired, and Danny Allouche is also stepping down, both recognized for their significant contributions during their tenures [3] - Eyal Peso, CEO and Chairman of Gauzy, expressed gratitude for the contributions of both departing board members, highlighting their roles in the company's growth and strategic direction [3] Company Overview - Gauzy Ltd. specializes in vision and light control technologies, focusing on research, development, manufacturing, and marketing [4] - The company operates globally with subsidiaries in multiple countries, serving various industries including aeronautics, automotive, and architecture [4]

Core Viewpoint - Gauzy Ltd. will release its financial results for the second quarter ended June 30, 2025, on August 13, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Gauzy Ltd. is a fully-integrated company specializing in light and vision control technologies, focusing on research, development, manufacturing, and marketing [4]. - The company is headquartered in Tel Aviv, Israel, with subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates [4]. - Gauzy serves leading brands across various industries, including aeronautics, automotive, and architecture, in over 60 countries [4]. Conference Call Details - The conference call will take place at 8:30 a.m. EDT on August 13, 2025, and can be accessed via U.S. Toll Free (800) 717-1738 or International (646) 307-1865 [2]. - An audio replay of the conference call will be available for one week after the event, accessible through U.S. Toll Free (844) 512-2921 or International Toll (412) 317-6671 with access code 1112120 [3].

Company Overview - Gauzy Ltd. (GAUZ) shares increased by 9.4% to close at $6.51, following a notable trading volume, despite a 35.5% loss over the past four weeks [1] - The company is experiencing growing demand for its smart glass and safety technologies, supported by a record order backlog and strategic partnerships with major automakers such as General Motors and Mercedes-Benz [2] Recent Developments - Gauzy achieved a significant milestone with the first customer delivery of General Motors' Cadillac CELESTIQ, which features their patented SPD smart glass technology, underscoring its leadership in advanced automotive smart materials [2] Financial Expectations - The company is projected to report a quarterly loss of $0.40 per share, reflecting a year-over-year change of +54.6%, with expected revenues of $28.96 million, an increase of 18.6% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Gauzy Ltd. is part of the Zacks Electronics - Miscellaneous Products industry, where another company, Teradyne (TER), has seen a 1.6% decline in its stock price, closing at $97.05, while returning 14.8% over the past month [4]

NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Gauzy Ltd. (NASDAQ: GAUZ), a global leader in light and vision control technologies, joined by Research Frontiers (NASDAQ: REFR), today announced the first customer delivery of General Motors' Cadillac CELESTIQ, their first fully electric vehicle sedan featuring patented SPD (Suspended Particle Device) smart glass technology supplied by Gauzy. As part of Gauzy's ongoing production program with GM and longstanding involvement in bringing SPD technology to market, t ...