Mobileye N.V., together with its subsidiaries, designs and develops software and related technologies for camera-based advanced driver assistance systems primarily in Israel. It operates through two segments, Original Equipment Manufacturing and After Market. The company offers proprietary software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights. It serves original equipment manufacturers, tie...
13 Hartom Street
PO Box 45157
Founded in 1999
Mobileye N.V. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Revises Earnings Guidance for the Full Year 2015
Nov 3 15
Mobileye N.V. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, revenue was $70,645,000 against $34,677,000 a year ago. Operating profit was $27,369,000 against operating loss of $9,088,000 a year ago. Profit before taxes on income was $28,241,000 against loss before taxes on income was $11,715,000 a year ago. Net income for the period was $24,213,000 against net loss for the period of $13,113,000 a year ago. Basic and diluted earnings per share were $0.10 against loss per share of $0.09 a year ago. Non-GAAP net income was $34,929,000 against $9,661,000 a year ago. Non-GAAP diluted net income per share was $0.15 against $0.04 a year ago. Net cash provided by operating activities was $26,220,000 against $10,862, 000 a year ago. Purchase of property and equipment was $620,000 against $481,000 a year ago. Free cash flow was $25,600, 000 against $10,381,000 a year ago. The strong growth compared to the previous quarter was largely the result of the 3 new programs that were launched during second quarter of 2015 and benefited from the first full quarter of deliveries in this third quarter. The increase in revenue compared to the same quarter last year is related to greater product awareness, in general, as well as the implementation of regulatory incentives programs, which started in late third quarter last year and continue to drive the aftermarket segment.
For the nine months, revenue was $169,053,000 against $103,979,000 a year ago. Operating profit was $57,074,000 against operating loss of $20,933,000 a year ago. Profit before taxes on income was $58,200,000 against loss before taxes on income was $22,809,000 a year ago. Net income for the period was $49,626,000 against net loss for the period of $32,483,000 a year ago. Basic and diluted earnings per share were $0.21 against loss per share of $0.45 a year ago. Non-GAAP net income was $76,817,000 against $33,437,000 a year ago. Non-GAAP diluted net income per share was $0.32 against $0.15 a year ago. Net cash provided by operating activities was $71,304,000 against $39,257,000 a year ago. Purchase of property and equipment was $4,141,000 against $3,937,000 a year ago. Free cash flow was $67,163,000 against $35,320,000 a year ago.
For the full year 2015, the company expects revenue to be in the range of $238 million to $240 million, slightly up from the previous guidance of between $235 million and $239 million. Given profitability growth, the company increasing guidance for non-GAAP net income, which excludes share-based compensation, to be in the range of $110 million to $112 million, above prior guidance of $105 million to $107 million or $0.46 to $0.47 per share, above prior guidance of $0.44 to $0.45 per share.
Mobileye N.V. Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 10:20 AM
Oct 27 15
Mobileye N.V. Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 10:20 AM. Venue: The Westin Times Square, New York, New York, United States. Speakers: Ofer Maharshak, Chief Financial Officer and Senior Vice President.