GRAND RAPIDS, Mich., Dec. 03, 2024 (GLOBE NEWSWIRE) -- PhotoniCare Inc., a medical device company dedicated to delivering innovation to frontline care that demonstrably enhances patient outcomes, is pleased to announce that it has secured $4.6 million in Series B financing, formed a manufacturing partnership with Gentex Corporation for its first-in-class, FDA-cleared OtoSight™ Middle Ear Scope, and finalized the relocation of its headquarters from Champaign, Illinois to Grand Rapids, Michigan. The new money ...

ZEELAND, Mich., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), the Zeeland, Michigan-based supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that its Board of Directors recently declared a quarterly cash dividend of $0.12 (12 cents) per share that will be payable January 22, 2025, to shareholders of record of the common stock at the close of business on January 8, 2025. About the CompanyFounded in 1974, Gentex Corporation (The ...

Gentex Corporation's (GNTX) third-quarter 2024 earnings per share (EPS) of 53 cents beat the Zacks Consensus Estimate of 50 cents and increased 18% year over year. This Zeeland-based automotive products supplier reported net sales of $609 million, which missed the Zacks Consensus Estimate of $611 million but rose 6% from the year-ago period. The company recorded a gross margin of 33.5%, reflecting a rise of 30 basis points from the third quarter of 2023 due to higher sales and reduced purchasing costs. Stay ...

Core Insights - Gentex (GNTX) reported revenue of $608.53 million for Q3 2024, a year-over-year increase of 5.7% and an EPS of $0.53 compared to $0.45 a year ago, with a slight revenue miss against the Zacks Consensus Estimate of $611.33 million, resulting in a surprise of -0.46% [1] - The company delivered an EPS surprise of +6.00%, with the consensus EPS estimate being $0.50 [1] Revenue and Earnings Performance - Revenue from Automotive Products was $596.50 million, slightly below the three-analyst average estimate of $598.51 million, representing a year-over-year change of +5.7% [2] - Other revenue was reported at $12 million, compared to the average estimate of $12.99 million, reflecting a +6.2% change year-over-year [2] Auto-Dimming Mirror Shipments - Total Interior Mirrors shipped were 7.86 million, slightly below the average estimate of 7.91 million [2] - Total Exterior Mirrors shipped were 4.36 million, compared to the average estimate of 4.47 million [2] - Total Auto-Dimming Mirror Units shipped were 12.22 million, against the average estimate of 12.38 million [2] - North American Mirror Units shipped totaled 3.82 million, below the average estimate of 3.96 million [2] - International Exterior Mirrors shipped were 2.83 million, matching the average estimate [2] - North American Exterior Mirrors shipped were 1.53 million, below the average estimate of 1.64 million [2] - Total International Mirror Units shipped were 8.4 million, slightly below the average estimate of 8.42 million [2] - International Interior Mirrors shipped were 5.57 million, compared to the average estimate of 5.59 million [2] - North American Interior Mirrors shipped totaled 2.29 million, below the average estimate of 2.32 million [2] Stock Performance - Gentex shares have returned -4.2% over the past month, while the Zacks S&P 500 composite has increased by +1.4% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance against the broader market in the near term [3]

Gentex (GNTX) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6%. A quarter ago, it was expected that this maker of automatic-dimming rearview mirrors and other products would post earnings of $0.52 per share when it actually produced earnings of $0.37, delivering a surprise of -28.85 ...

Exhibit 99.1 https://files.reportify.cc/media/production/GNTXa040 GENTEX REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS ZEELAND, MI -- (GLOBE NEWSWIRE - October 25, 2024) - Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 Summary • Net sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to ...

ZEELAND, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 Summary Net sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to the third quarter of 2023, versus light vehicle production that was down 6% quarter over quarter in the Company's primary ...

In its upcoming report, Gentex (GNTX) is predicted by Wall Street analysts to post quarterly earnings of $0.51 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $624.87 million, representing a year-over-year increase of 8.5%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over th ...

The market expects Gentex (GNTX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

MOUNT PEARL, NL, Sept. 24, 2024 /PRNewswire/ - Solace Power Inc. ("Solace"), a global leader in highperformance, leading-edge wireless power technology, is pleased to announce the appointment of Neil Desai, ICD.D, as Chair of its Board of Directors, effective immediately. Neil Desai, ICD.D, has joined Solace Power as Chair of its Board of Directors. (CNW Group/Solace Power) Neil Desai, ICD.D, has joined Solace Power as Chair of its Board of Directors. (CNW Group/Solace Power) Desai is an accomplished execut ...