Core Insights - The company reported a fourth quarter revenue growth of 41.8%, reaching $31.1 million, driven by strong performance across all segments, particularly in Safety Tech and Aeronautics [1][8] - The adjusted net loss for the quarter narrowed to $3.7 million from $11.2 million in the prior year, marking a significant improvement in profitability [1][11] - The company achieved its first-ever quarter of positive adjusted EBITDA at $0.2 million, compared to a negative $6.0 million in the same quarter last year [1][11] - Full-year sales surpassed $100 million for the first time, with over 80% of sales coming from recurring customers [1][5] - The company introduced a 10-year committed and contracted backlog, indicating strong long-term demand across segments [1] - Initial guidance for 2025 anticipates healthy double-digit revenue growth and the first full year of positive adjusted EBITDA [1][19] Fourth Quarter 2024 Highlights - Revenue for the fourth quarter increased to $31.1 million, a 41.8% increase from $22.0 million in Q4 2023 [7][8] - Gross profit for the quarter was $11.4 million, up 81.4% from $6.3 million in the prior year, with a gross margin improvement to 36.5% from 28.5% [9][10] - Total operating expenses rose to $15.8 million, a 5.5% increase compared to $15.0 million in Q4 2023, primarily due to increased stock-based compensation [10] Full Year 2024 Highlights - Total revenue for the full year reached $103.5 million, a 32.8% increase from $78.0 million in 2023 [7] - The gross margin for the full year improved to 28.7%, up 310 basis points from 25.6% in the previous year [7] - The net loss for the year was $53.2 million, reduced from a loss of $79.3 million in 2023 [7] Segment Performance - **Safety-Tech Division**: Revenue increased by 73.0% to $13.0 million, with gross profit rising 212.7% to $3.0 million [12] - **Aeronautics Division**: Revenue grew by 26.7% to $13.4 million, with gross profit increasing 62.2% to $6.8 million [13] - **Architecture Division**: Revenue rose by 31.8% to $4.1 million, with gross profit up 54.8% to $1.5 million [16] - **Automotive Division**: Revenue decreased by 14.7% to $0.7 million, reflecting timing impacts of full-year orders [17] Financial Position - As of December 31, 2024, the company had total liquidity of $40.6 million, including $5.6 million in cash and a $35.0 million undrawn credit facility [18] - Total debt stood at $38.4 million, with a significant portion being short-term receivable financings [18] Future Outlook - The company expects full-year revenue for 2025 to be in the range of $130 million to $140 million, representing approximately 30% growth compared to 2024 [19] - The anticipated positive adjusted EBITDA for 2025 is expected to be supported by a strong recurring revenue base and operational leverage [19]

Core Viewpoint - Gauzy Ltd. will release its financial results for Q4 and the full year ended December 31, 2024, on March 11, 2025, before market opening, followed by a conference call at 8:30 a.m. EDT to discuss the results [1]. Company Overview - Gauzy Ltd. is a fully-integrated company specializing in light and vision control technology, focusing on smart glass technologies and advanced driver assistance systems (ADAS) [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, serving over 30 countries [4]. - Gauzy collaborates with leading brands across various sectors, including aeronautics, automotive, and architecture, through a certified distribution channel and partner network [4].

Core Viewpoint - Gauzy Ltd. has received an exemption renewal from the FMCSA, allowing the company to replace traditional mirrors on public transit buses with its Smart-Vision camera monitor system across all 50 states, pending state approvals, which could lead to retrofitting over 900,000 buses in the U.S. [1][2][4] Group 1: Company Developments - The FMCSA approval positions Gauzy to accelerate the adoption of advanced driver assistance systems (ADAS) in commercial vehicles throughout the U.S. [4] - Gauzy's Smart-Vision CMS is already operational on approximately 300 public buses in the U.S., with ongoing efforts to retrofit existing buses and outfit new ones [5] - The company has demonstrated the effectiveness of its Smart-Vision system in international markets, equipping over 2,500 buses in London, covering about 30% of the market [6] Group 2: Strategic Partnerships - Luminator Technology Group, a strategic partner of Gauzy and the largest distributor of its Smart-Vision CMS in North America, is positioned to leverage the FMCSA approval to enhance safety in mobility [2][7] - The partnership aims to significantly increase the number of buses equipped with Gauzy's ADAS nationwide, contributing to safer urban environments [7] Group 3: Market Potential - With over 900,000 licensed buses in the U.S. that can be retrofitted with the Smart-Vision system, Gauzy has the potential to generate a substantial new revenue stream [2] - The extension of the FMCSA exemption is seen as a strategic win for Gauzy, enabling growth in its Safety Tech division and expanding implementation across various markets [3]

Core Insights - Gauzy Ltd. has announced a strategic collaboration with MABA Industrial to introduce its Smart-Vision camera monitor system (CMS) for commercial vehicles in South Korea, capitalizing on the country's focus on road safety [1][2][3] - The partnership is expected to enhance Gauzy's market presence in South Korea, which sees over 255,000 commercial vehicle sales annually, and aligns with the National Transport Safety Plan aimed at protecting vulnerable road users [1][2][3] - The Smart-Vision system is designed to replace traditional mirrors with high-definition cameras, improving safety and operational efficiency for commercial vehicles in urban environments [4][5] Company Overview - Gauzy Ltd. specializes in light and vision control technology, focusing on the development and marketing of smart glass technologies and advanced driver assistance systems (ADAS) [6][7] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries, serving leading brands across various industries [6][7] Industry Context - The introduction of the Smart-Vision system in South Korea is timely, given the government's emphasis on road safety and the growing demand for sustainable transportation solutions, particularly in the electric bus segment [2][3] - The Asia-Pacific region is projected to experience GDP growth of 4.1% in 2025, which may further drive interest in AI-powered solutions like ADAS for fleet modernization [3]

Core Insights - Gauzy Ltd. has been invited to participate in a prestigious economic forum in India, aimed at exploring new business opportunities and strengthening bilateral trade relations between Israel and India [1][2] - The company aims to leverage its innovative light and vision control technology to accelerate growth in India, which is projected to be the world's third-largest economy by 2030, with a GDP growth rate of 6.5% in 2025 and 2026 [1][2] - Gauzy is rapidly expanding its operations in India, capitalizing on the country's robust economic growth driven by a rising middle class and significant public infrastructure investments exceeding $1 trillion [2] Company Overview - Gauzy Ltd. specializes in light and vision control technologies, focusing on research, development, manufacturing, and marketing to enhance user experiences across various industries [4] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries including Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates [4] - Gauzy serves leading brands in sectors such as aeronautics, automotive, and architecture across over 30 countries through direct fulfillment and a certified distribution channel [4] Market Engagement - The upcoming economic forum in New Delhi will feature several major Indian companies and institutions, providing Gauzy with a platform to engage with key decision-makers and industry leaders [3] - Gauzy has already established partnerships with significant players in the Indian market, including a large real estate developer and multiple glass fabrication and window film installation partners [2] - The company's Polymer Dispersed Liquid Crystal (PDLC) adhesive smart glass film is being installed in new buildings and is featured in Indian Railways' vistadome coaches, showcasing its technology's application in various sectors [2]

Core Insights - Gauzy Ltd. has been invited to participate in a prestigious economic forum in India, aimed at exploring new business opportunities and strengthening bilateral trade relations between Israel and India [1][2] - The company aims to leverage its innovative light and vision control technology to capitalize on India's rapid economic growth, projected to reach a GDP growth rate of 6.5% in 2025 and 2026 [1][2] - Gauzy is strategically prioritizing its expansion in India, where it has already established relationships with key players in various sectors, including real estate and transportation [2][3] Company Overview - Gauzy Ltd. is a fully-integrated company focused on the research, development, manufacturing, and marketing of light and vision control technologies [4] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries, including Germany, France, the United States, and China [4] - Gauzy serves leading brands across various industries, including aeronautics, automotive, and architecture, in over 30 countries [4] Market Opportunities - India is identified as a massive growth opportunity for Gauzy, driven by an expanding middle class, a youthful population, and significant public infrastructure investments exceeding $1 trillion [2] - The company has begun installing its Polymer Dispersed Liquid Crystal (PDLC) adhesive smart glass film in new buildings and has secured multiple orders in the hospitality sector [2] - Gauzy's technology is already featured in Indian Railways' vistadome coaches, enhancing passenger experiences with scenic views [2]

Core Insights - Gauzy's Smart-Vision ADAS technology is operational on over 2,500 buses in London, capturing approximately 30% of the market share in the U.K. capital [1][4] - The partnership with Journeo plc enables Gauzy to expand into key European markets including Norway, Iceland, Sweden, and Denmark [1] - The Smart-Vision system enhances road safety by replacing traditional mirrors with high-definition cameras, providing improved visibility and collision prevention [5][7] Company Overview - Gauzy Ltd. specializes in light and vision control technologies, with a focus on safety and sustainability across various industries [8] - The company is headquartered in Tel Aviv, Israel, and operates in over 30 countries, serving leading brands in aeronautics, automotive, and architecture [8] - Journeo plc is a provider of Intelligent Transport Systems, focusing on enhancing efficiency and sustainability in public transport networks [9] Market Dynamics - The global ADAS market is projected to exceed $125 billion by 2029, indicating significant growth potential for companies like Gauzy and Journeo [6] - The collaboration between Gauzy and Journeo aims to reduce on-road accidents and fatalities, positioning both companies as leaders in urban safety technology [2][3]

Core Insights - Gauzy's Smart-Vision® advanced driver assistance system (ADAS) is operational on over 2,500 buses in London, capturing approximately 30% of the market share in the U.K. capital [2][4] - The partnership with Journeo enables Gauzy to expand into key European markets including Norway, Iceland, Sweden, and Denmark [2][3] - The strategic collaboration aims to enhance road safety for drivers, passengers, and pedestrians in high-traffic urban areas [3][7] Company Overview - Gauzy Ltd. specializes in light and vision control technology, focusing on research, development, manufacturing, and marketing of these technologies [8] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries including Germany, France, the U.S., Canada, China, Singapore, and the UAE [8] - Gauzy serves leading brands across various industries such as aeronautics, automotive, and architecture in over 30 countries [8] Partnership Dynamics - The collaboration with Journeo, a provider of Intelligent Transport Systems, enhances system efficiency and sustainability in public transport [9] - Journeo's expertise and established relationships within the transport community are expected to drive the adoption of Gauzy's Smart-Vision® system [4][6] - Both companies are committed to improving safety in public transportation, leveraging their combined resources to expand the deployment of the Smart-Vision® system [7] Technology and Market Potential - The Smart-Vision® system replaces traditional mirrors with high-definition cameras and displays, improving driver visibility and safety [5] - The global ADAS market is projected to exceed $125 billion by 2029, indicating significant growth potential for Gauzy and Journeo [6] - The system has received various safety certifications, including UN homologations and IATF and ISO certifications, ensuring compliance with safety standards [7]

Company's first-ever SPD product with distinguishable black appearance can be seen on display at Gauzy's Booth #6516 in Automotive West Hall Enables Gauzy to further solidify its already dominant position in SPD Smart Glass, a market expected to reach $13.4 billion in value by the end of 2031 World's most powerful tech event provides Gauzy the opportunity to showcase several additional light and vision control products, including introducing its transformative Solar-Powered energy harvesting Light Control ...

Gauzy selected for its excellent performance in delivery and support of its Smart-Vision® Camera Monitor System (CMS) in the third quarter of 2024 Gauzy's innovative safety system installed on more than 25 different models and configurations of Yutong buses throughout the United Kingdom, Europe, North America, Australia and the Middle East TEL AVIV, Israel and NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Gauzy (NASDAQ:GAUZ), a leading provider of light and vision control technology, is thrilled to announce t ...