Mobileye (MBLY) - 2024 Q2 - Quarterly Results
Mobileye (MBLY)2024-08-01 10:38Exhibit 99.1 Mobileye Releases Second Quarter 2024 Results, Updates Guidance and Provides Business Overview · Revenue decreased 3% year over year to $439 million in the second quarter. Revenue increased 84% versus the first quarter of 2024 due to reduced consumption of excess inventory at Tier 1 customers compared to the first quarter. · More than 110% increase in number of systems shipped as compared to the first quarter of 2024 led to significant improvement in Operating Loss and Adjusted Operating Profit ...