Gauzy Ltd. ( (GAUZ) ) has shared an announcement.
Gauzy Ltd. announced its financial results for the fourth quarter and full year 2024, reporting record revenues and a significant improvement in profitability. The company achieved a 41.8% increase in fourth-quarter revenue and delivered its first-ever quarter of positive adjusted EBITDA, marking a milestone in its path to profitability. Full-year sales surpassed $100 million, with over 80% from recurring customers, reflecting strong demand across all segments. The company introduced a 10-year backlog and provided guidance for 2025, expecting double-digit revenue growth and its first full year of positive adjusted EBITDA. Strategic partnerships and technological advancements, such as the introduction of black SPD smart glass, position Gauzy well for future growth and expansion in the smart glass industry.
More about Gauzy Ltd.
Gauzy Ltd. is a global leader in vision and light control technologies, focusing on smart glass and advanced driver-assistance systems (ADAS). The company operates in various segments, including Safety-Tech, Aeronautics, Architecture, and Automotive, with a strong market presence and strategic partnerships to enhance its industry positioning.
YTD Price Performance: -18.20%
Average Trading Volume: 54,891
Technical Sentiment Consensus Rating: Strong Buy
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