Original equipment manufacturer

Nexxen Reports Results for the Fourth Quarter and Year Ended December 31, 2023

Retrieved on: 
Wednesday, March 6, 2024

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, unified advertising technology platform with deep expertise in video and Connected TV (“CTV”), announced today its financial results for the fourth quarter and year ended December 31, 2023. The Company’s financial results for the fourth quarter and year ended December 31, 2023, as well as the fourth quarter ended December 31, 2022, reflect the combined financial performance of Nexxen and Amobee, while comparative figures for the year ended December 31, 2022 include Amobee contribution only from September 12, 2022 through December 31, 2022.

Key Points: 
  • The Company’s financial results for the fourth quarter and year ended December 31, 2023, as well as the fourth quarter ended December 31, 2022, reflect the combined financial performance of Nexxen and Amobee, while comparative figures for the year ended December 31, 2022 include Amobee contribution only from September 12, 2022 through December 31, 2022.
  • CTV Revenue: CTV revenue was $19.9 million in Q4 2023, compared to $33.0 million in Q4 2022.
  • CTV revenue was $85.5 million for the year ended December 31, 2023, reflecting a 12% decrease from $97.2 million for the year ended December 31, 2022.
  • The Company added 372 new supply partners during the twelve months ended December 31, 2023, including 327 in the U.S.

Lantronix Announces Snapdragon 8 Gen 3 Mobile Hardware Development Kit for Qualcomm 8650 System-on-Chip

Retrieved on: 
Wednesday, March 6, 2024

IRVINE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise, today announced its new Snapdragon™ 8 Gen 3 mobile hardware development kit (HDK).

Key Points: 
  • IRVINE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise, today announced its new Snapdragon™ 8 Gen 3 mobile hardware development kit (HDK).
  • A single-board computer (SBC) built on the Snapdragon 8 Gen 3 Platform, the new HDK provides an expandable, feature-rich starting point for the development of new mobile applications and devices utilizing Qualcomm™ Technologies Inc.’s Snapdragon 8650 System-on-Chip (SoC).
  • “Our new hardware development kit is a Qualcomm Snapdragon 8 Gen 3 platform that delivers nearly double the AI performance of the previous model, enabling the development of powerful AI solutions that open up new possibilities in robotics, video and edge AI,” said Brian Jaroszewski, director of Product Line Management at Lantronix.
  • The Snapdragon 8 Gen 3 mobile HDK gives customers, OEMs, hardware vendors and software developers a Qualcomm-based solution that delivers powerful AI capabilities with rich graphics at very low power.

Sibros and Cavli Wireless Announce Groundbreaking Partnership to Empower IoT Connectivity Across Automotive and Beyond

Retrieved on: 
Wednesday, March 6, 2024

By integrating Cavli's IoT modules with the Sibros stack, including the SibrosHubble integration, this partnership is positioned as a comprehensive solution that establishes and manages Cellular IoT-based wireless communication systems.

Key Points: 
  • By integrating Cavli's IoT modules with the Sibros stack, including the SibrosHubble integration, this partnership is positioned as a comprehensive solution that establishes and manages Cellular IoT-based wireless communication systems.
  • This collaboration marks a pivotal step towards creating a universal IoT connectivity platform that is both use case and industry-agnostic.
  • Hemant Sikaria, CEO of Sibros, stated, "This partnership with Cavli Wireless is a leap forward in our mission to expand IoT connectivity.
  • John Mathew, CEO at Cavli Wireless, echoed these sentiments, “Cavli is delighted to partner with Sibros, blending our distinct advantages to create and deliver sustainable IoT solutions globally with unparalleled efficiency.

Robertshaw’s Master Gas Regulator Now Available for All OEM Gas Stoves

Retrieved on: 
Tuesday, March 5, 2024

Unlike gas regulators from other competitors, this lockout feature is integrated into the regulator itself, eliminating the necessity for OEMs to buy additional components to accomplish the same functionality.

Key Points: 
  • Unlike gas regulators from other competitors, this lockout feature is integrated into the regulator itself, eliminating the necessity for OEMs to buy additional components to accomplish the same functionality.
  • Moreover, OEMs have the flexibility to customize how the lockout feature is triggered on the Master Gas Regulator.
  • The Master Gas Regulator stops the flow of gas from entering the delivery system when the stove is turned off—which is when 76% of most methane emissions occur, according to a publication in Environmental Science and Technology .
  • When paired with the Master Gas Regulator, Robertshaw’s exclusive Dralo, Halo and G8 burners offer a significant reduction in GHG emissions, cutting them by 75%.

General Motors, Magna, and Wipro Team Up to Develop Automotive Software Marketplace: ‘SDVerse’

Retrieved on: 
Tuesday, March 5, 2024

The platform, called SDVerse, aims to revolutionize the automotive software sourcing and procurement process by providing a matchmaking platform for buyers and sellers of embedded automotive software.

Key Points: 
  • The platform, called SDVerse, aims to revolutionize the automotive software sourcing and procurement process by providing a matchmaking platform for buyers and sellers of embedded automotive software.
  • Unlike the traditional captive software development approach, SDVerse focuses on connecting automotive software buyers and sellers through a transparent and efficient digital platform.
  • SDVerse is currently in development and expected to feature hundreds of automotive software products, and participants from across the automotive value chain are invited to join.
  • “The market for automotive software is expected to nearly double this decade, potentially outpacing the growth of software development talent pools,” said Harmeet Chauhan, Global Head Wipro Engineering Edge, Wipro Limited.

Fleet Advantage And FleetNet America by Cox Automotive Partner To Provide Organizations with Transportation Fleets Specialty Financing with Reliable Access To A Nationwide Maintenance Solution

Retrieved on: 
Monday, March 4, 2024

This is important because truck operating costs are rising, and maintenance and repair (M&R) represent a large portion of the increase.

Key Points: 
  • This is important because truck operating costs are rising, and maintenance and repair (M&R) represent a large portion of the increase.
  • FleetNet America by Cox Automotive and its network of 65,000 vetted service providers are leading the managed maintenance industry with 24/7/365 customer service.
  • Additionally, Fleet Services by Cox Automotive, a nationwide leader in on-site maintenance and repair, will support the new program as one of the key service providers.
  • “This partnership allows Fleet Advantage to offer maintenance solutions and alternatives and incorporate the expertise and national network that Cox has assembled.

MOBILEYE GLOBAL INC. (NASDAQ: MBLY) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Mobileye Global Inc.

Retrieved on: 
Monday, March 4, 2024

If you purchased or acquired Mobileye securities, and/or would like to discuss your legal rights and options please visit Mobileye Global Inc.

Key Points: 
  • If you purchased or acquired Mobileye securities, and/or would like to discuss your legal rights and options please visit Mobileye Global Inc.
  • If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2024.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

ECARX's Global Expansion Driven by Strong R&D and International Accreditations

Retrieved on: 
Monday, March 4, 2024

This approach has led to the deployment of ECARX solutions in over 6 million vehicles worldwide from 16 global automotive OEMs and 25 brands to date.

Key Points: 
  • This approach has led to the deployment of ECARX solutions in over 6 million vehicles worldwide from 16 global automotive OEMs and 25 brands to date.
  • Its highly robust internal processes and products have successfully obtained 23 global accreditations that cover quality systems, functional safety, and product functionality.
  • ECARX also leverages its R&D capabilities and accreditations to assist global automakers in deploying Google Automotive Service (GAS), which has rigorous standards and strict requirements for applications.
  • Peter Cirino, Chief Operating Officer of ECARX, emphasized the importance of certifications: "Possessing internationally recognized certifications is crucial for global expansion.

Navitas Semiconductor Announces Record Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 29, 2024

Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.

Key Points: 
  • Gross Margin: GAAP gross margin for the fourth quarter of 2023 was 42.2%, compared to 40.6% in the fourth quarter of 2022 and 32.3% for the third quarter of 2023.
  • Non-GAAP gross margin for the fourth quarter of 2023 was 42.2% compared to 40.6% for the fourth quarter of 2022 and 42.1% for the third quarter of 2023.
  • Loss from Operations: GAAP loss from operations for the quarter was $26.8 million, compared to a loss of $31.2 million for the fourth quarter of 2022 and a loss of $28.6 million for the third quarter of 2023.
  • On a non-GAAP basis, loss from operations for the quarter was $9.7 million compared to a loss of $12.4 million for the fourth quarter of 2022 and a loss of $8.7 million for the third quarter of 2023.

ECARX Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, February 28, 2024

SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.

Key Points: 
  • SHANGHAI, China, Feb. 28, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended December 31, 2023.
  • “ECARX closed out 2023 on a high note, delivering a 31% year-over-year increase in revenues and significantly narrowing our net loss for the full year,” said ECARX Chairman and CEO Ziyu Shen.
  • Total cash of RMB588.2 million (US$82.8 million), including RMB27.1 million (US$3.8 million) in restricted cash, as of December 31, 2023.
  • Full Year 2023 Financial Results:
    On June 30, 2023, ECARX signed transaction agreements to increase its investment and took a controlling financial interest in JICA Intelligent Robotics Co., Ltd. (“JICA”), an entity under common control.