- Revenue: $490M, -23% YoY
- Net loss: $71M vs net income of $63M YoY
- Adjusted EPS: $0.13 vs $0.28 YoY
- Generated operating cash flow of $400M for FY2024, slightly higher than FY2023
CEO Amnon Shashua: "I'm proud of our accomplishments in 2024. Against a challenging backdrop, we executed dozens of production program launches on-time for our customers and shipped the 200 millionth EyeQ system in our history."
🌱Revenue & Growth
- EyeQ SoC volumes decreased 20% YoY
- Average System Price: $50.0 vs $52.7 in Q4 2023
- Full year revenue: $1.65B vs $2.08B in FY2023
💰Profits & Financials
- Gross Margin: 49% vs 54% YoY
- Operating Margin: -18% vs +11% YoY
- Adjusted Operating Margin: 21% vs 39% YoY
- Cash and equivalents: $1.4B with zero debt
- Operating cash flow: $400M for FY2024
📌Business Highlights
- Launched ADAS programs into 313 car models
- Managed 80 active ADAS development projects
- Won over 95% of ADAS programs awarded by top customers
- EyeQ6 High achieves 10x frame-per-second processing vs EyeQ5 High
🔮Future Outlook
- FY2025 Revenue guidance: $1.69B-$1.81B
- FY2025 Operating Loss guidance: $(574)M-$(489)M
- FY2025 Adjusted Operating Income guidance: $175M-$260M
- RFQ-stage development programs: 25M future units for Surround ADAS, 8-16M for SuperVision, 1-3M for Chauffeur