Welcome to our dedicated page for Gauzy news (Ticker: GAUZ), a resource for investors and traders seeking the latest updates and insights on Gauzy stock.
Gauzy Ltd. reports developments in vision and light control technologies for architecture, automotive, safety technology and aeronautics. The company develops suspended particle device and liquid crystal materials for smart glass applications, as well as AI-powered driver assistance products such as Smart-Vision CMS, camera monitoring systems, smart mirrors and related safety systems for commercial vehicles.
Recurring company updates include product integrations and partnerships, operating and financial results, private financing and other capital-structure actions, shareholder voting and governance matters, and Nasdaq listing compliance. Company updates also cover court-supervised reorganization proceedings involving French subsidiaries, including Gauzy SAS, Safety Tech and Vision Systems, and related operational continuity disclosures.
Gauzy (NASDAQ: GAUZ) has appointed Lilach Payorski to its Board of Directors and as Chair of its Audit Committee. Payorski brings over 25 years of leadership experience in financial and operational roles across multinational companies. She currently serves on the boards of NASDAQ-listed companies Oddity Tech and Kamada Her previous roles include CFO and Senior VP of Corporate Finance at Stratasys , and positions at PMC-Sierra, Check Point Software Technologies, Wind River Systems, and Ernst & Young. Payorski holds a B.A. in Accounting and Economics from Tel Aviv University and has expertise in capital fundraising, mergers and acquisitions, and business strategy.
Gauzy (Nasdaq: GAUZ) will present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference on November 20, 2024, in New York. The company will showcase its Smart-Vision® Camera Monitor System (CMS) on a mirrorless Prevost bus in Times Square from 5:00pm to 8:00pm ET.
The Smart-Vision® system, which replaces traditional mirrors with cameras and displays to reduce blind spots and improve safety, is currently operational in over 80 cities worldwide, including various districts in New York, with the Capital District Transportation Authority (CDTA) being the latest adopter. Both conference attendees and non-participants can experience the system firsthand through a short bus ride by scheduling via IR@gauzy.com.
Gauzy reported Q3 2024 financial results with revenues of $23.3 million, up 24.6% year-over-year. The company posted a net loss of $5.5 million, improved from $21.3 million loss in Q3 2023. Key highlights include a 68.1% growth in Safety-Tech division revenue to $11.2 million, while Aeronautics revenue decreased 7.6% to $7.8 million.
Notable business milestones include increased orders from Yutong (250% YoY), a major European OEM contract for LCG® Smart Glass, and a Ferrari supply agreement. The company maintains Q4 2024 revenue guidance of $28-34 million and reports total available liquidity of $44.4 million.
Gauzy (NASDAQ: GAUZ) and Research Frontiers Inc. (NASDAQ: REFR) announced their CEOs' joint interview with Benzinga All Access, discussing Ferrari's selection of Gauzy as its strategic supplier for Suspended Particle Device (SPD) technology. The technology, licensed by Gauzy from Research Frontiers, will be used in mass production for a Ferrari model.
The SPD smart glass market is projected to grow at a 9.9% CAGR from 2024-2031, reaching $13.4 billion by 2031. The technology is already used by luxury automakers like McLaren, Mercedes, and Cadillac. Gauzy is also the leading Tier 1 supplier for cabin shading in business jets, partnering with Gulfstream, Embraer, and Bombardier.
Gauzy (NASDAQ: GAUZ) has expanded production capacity by adding a second shift at its Lyon, France facility to meet strong global demand. The company expects Q3 2024 revenues between $23.0-23.5 million, up approximately 24% from Q3 2023's $18.7 million. Q4 2024 guidance projects revenues of $28-34 million, representing roughly 41% growth from Q4 2023's $22.0 million.
The company reports that $4 million of initially scheduled Q3 shipments in the Aeronautics segment will be delivered in Q4, with the remainder in 2025. Recent developments include partnerships with Ferrari and the Capital District Transportation Authority of New York, along with the launch of next-generation AI-powered ADAS for commercial trucks.
Gauzy (GAUZ) announced its selection as a strategic supplier for Ferrari, implementing its Suspended Particle Device (SPD) Smart Glass technology in Ferrari's first-ever SUV's panoramic roof. This marks Ferrari's first mass-production implementation of smart glass technology. Gauzy's SPD light control glass (LCG®) technology allows electrical control of glass transparency, reducing glare and heat while eliminating traditional shading systems. The global automotive smart glass market is projected to reach $12.3 billion by 2032. The technology is already featured in McLaren, Mercedes, and Cadillac vehicles, with expectations for wider adoption in mass-market cars.
Gauzy (Nasdaq: GAUZ) announces that its Smart-Vision® camera monitor system (CMS) has fully replaced traditional side mirrors on the Capital District Transportation Authority (CDTA) of New York's public buses. This implementation is part of CDTA's multi-year phase-in program to improve road safety. The system was installed by Luminator Technology Group, Gauzy's exclusive distribution partner for transit agencies in North America.
Gauzy estimates its cumulative sales for commercial vehicle CMS/ADAS will surpass $100 million by the end of 2025. The company is capturing market share across North America, Europe, Asia, and Australia as transportation officials show increased interest in ADAS. The Smart-Vision® CMS is compatible with 40- and 60-feet long bus models, eliminates the need for mirrors, and is proven to reduce fuel consumption and minimize collision risks.
Gauzy (Nasdaq: GAUZ) is set to unveil its AI-powered advanced driver assistance system (ADAS) for commercial trucks at IAA TRANSPORTATION 2024. The system, chosen by Ford Trucks for integration, features the Smart-Vision® camera monitor system (CMS) which replaces traditional mirrors with high-definition cameras and displays. This innovation aims to improve road safety, reduce fuel consumption, and send real-time alerts to drivers.
Key features include increased visibility, elimination of blind spots, AI-driven predictive capabilities, and backward panning functionality. The system also offers collision avoidance/detection technology and surveillance mode for added security. Gauzy's ADAS meets strict safety and cybersecurity standards, positioning the company to capitalize on the $2.2 trillion global commercial trucking industry.
Gauzy (Nasdaq: GAUZ), a global leader in vision and light control solutions, has announced significant share purchases by key company figures. CEO Eyal Peso, CTO Adrian Lofer, CFO Meir Peleg, and long-term investor Alejandro Weinstein collectively acquired 48,472 ordinary shares at an average price of $10.35 per share, totaling a $501,400 investment.
These open market purchases occurred during August and September 2024. CEO Peso emphasized that this investment demonstrates the leadership's strong belief in Gauzy's vision and potential. He highlighted the company's robust orderbook, pipeline of new technologies, and expanding market presence as indicators of continued success.
Gauzy (Nasdaq: GAUZ), a global leader in vision and light control solutions, has announced its participation in the B. Riley Securities Consumer & TMT Conference. The event is scheduled for Thursday, September 12, 2024, in New York. Senior management from Gauzy will be attending this significant industry gathering, which focuses on consumer goods, technology, media, and telecommunications sectors.
This conference provides an excellent opportunity for Gauzy to showcase its innovative products and connect with industry professionals, potential investors, and analysts. As a publicly traded company, Gauzy's presence at such events can be important for maintaining investor relations and exploring new business opportunities in the rapidly evolving tech landscape.