Backlog And Revenue VisibilityGauzy exited 3Q24 with a record backlog of $38.3 million, providing visibility into future revenue.
Business ExpansionManagement noted ramping business with Yutong, the first time this bus OEM was announced as well as an award with a European auto OEM for an EV platform to ramp with annual volumes at ~50,000.
Growth OpportunitiesAnalyst initiates coverage of GAUZ with a Buy rating, highlighting multiple growth opportunities ahead, notably in aeronautics and the company's ADAS-focused Safety Tech unit targeting buses and trucks.