Company Overview - Stoneridge operates in three segments: Control Devices (32% of total 2024 revenue), Electronics (62% of total 2024 revenue), and Stoneridge Brazil (6% of total 2024 revenue)[6] - Stoneridge anticipates ~$120M+ in revenue from MirrorEye in 2025[26] - Stoneridge projects ~$300M+ in OEM revenue by 2029 from MirrorEye[27] MirrorEye® CMS - MirrorEye offers a 2-3% improvement in fuel efficiency, leading to a reduction in CO2 emissions[20] - MirrorEye has been adopted by 40+ North American fleet partners[22] - MirrorEye was launched in the EU in Q1 2024 by Volvo and in North America in Q1 2025[23] Q1 2025 Performance - Stoneridge reported a 210 bps improvement in adjusted gross margin compared to Q4 2024[33] - The company's free cash flow in Q1 2025 was $4.9M, a $1.5M improvement compared to Q1 2024[34,40] - MirrorEye revenue grew by ~24% compared to Q4 2024[34] - Stoneridge achieved a $28M year-over-year reduction in inventory[34] - Quality-related costs improved by $2.5M compared to Q4 2024[34]