Mobileye (MBLY) shares rally after topping Q3 consensus estimates
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Mobileye Discloses Third Quarter 2022 Results and Business Update
December 7, 2022 6:45 AM ESTRevenue increased 38% year over year to $450 million in the third quarter. Future business backlog continues to grow, with design wins achieved in 2022 (through Oct 1, 2022) projected to generate future volume of 54 million systems by 2030. This compares to 24 million systems delivered in 2022 (through Oct 1, 2022).1 Our newer advanced ADAS products, such as SuperVisionTM contributed meaningfully to our revenue growth and resulted in Average System Price2 increasing to $53.0 in third quarter 2022 from $45.7 in the prior year period. Generated net cash from operating activities of $395 million in the 9 months ended October 1, 2022.
JERUSALEM--(BUSINESS WIRE)-- Mobileye... More
