Mobileye Releases First Quarter 2024 Results and Provides Business Overview
Given our expectation that volumes and revenue will normalize over the course of 2024 we would expect all these metrics to improve significantly as compared to the first quarter of 2024.
- Given our expectation that volumes and revenue will normalize over the course of 2024 we would expect all these metrics to improve significantly as compared to the first quarter of 2024.
- Gross Margin declined by nearly 23 percentage points in the first quarter of 2024 as compared to the prior year period.
- Adjusted Gross Margin declined by nearly 9 percentage points in the first quarter of 2024 as compared to the prior year period.
- Operating Margin declined to a negative margin in the first quarter of 2024 as compared to the prior year period.