JERUSALEM — (BUSINESS WIRE) — January 4, 2024 — Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today releases preliminary FY2023 results and a preliminary financial outlook for FY2024.
FY2023 and Q4 2023 Preliminary Financial Results
The table below sets forth preliminary estimated financial results for our fourth quarter and full year of 2023. We have not yet finalized our financial results for the fourth quarter and our actual results could differ from those set forth below as we complete our financial close and our auditors complete their audit.
Our preliminary results reflect revenue consistent with the guidance provided on October 26, 2023 and Operating Income (Loss) and Adjusted Operating Income that are moderately better than expected.
|
|
Preliminary Results Full Year 2023 |
|
Previous Guidance Full Year 2023 |
||||||||||||
U.S. dollars in millions |
|
Low |
|
High |
|
Low |
|
High |
||||||||
Revenue |
|
$ |
2,076 |
|
|
$ |
2,080 |
|
|
$ |
2,065 |
|
|
$ |
2,090 |
|
Operating Loss |
|
$ |
(39 |
) |
|
$ |
(33 |
) |
|
$ |
(79 |
) |
|
$ |
(62 |
) |
Amortization of acquired intangible assets |
|
$ |
474 |
|
|
$ |
474 |
|
|
$ |
474 |
|
|
$ |
474 |
|
Share-based compensation expense |
|
$ |
252 |
|
|
$ |
252 |
|
|
$ |
253 |
|
|
$ |
253 |
|
| Adjusted Operating Income |
|
$ |
687 |
|
|
$ |
693 |
|
|
$ |
648 |
|
|
$ |
665 |
|
|
|
|
Preliminary Results Q4 2023 |
|
Previous Implied Guidance Q4 2023 |
||||||||
| U.S. dollars in millions |
|
Low |
|
High |
|
Low |
|
High |
||||
| Revenue |
|
$ |
634 |
|
$ |
638 |
|
$ |
623 |
|
$ |
648 |
| Operating Income |
|
$ |
67 |
|
$ |
73 |
|
$ |
27 |
|
$ |
44 |
| Amortization of acquired intangible assets |
|
$ |
112 |
|
$ |
112 |
|
$ |
112 |
|
$ |
112 |
| Share-based compensation expense |
|
$ |
62 |
|
$ |
62 |
|
$ |
63 |
|
$ |
63 |
| Adjusted Operating Income |
|
$ |
241 |
|
$ |
247 |
|
$ |
202 |
|
$ |
219 |
