- Revenue increased 13% year over year to $637 million in the
fourth quarter, consistent with the preliminary results provided on
January 4th, 2024.
- Operating Income and Adjusted Operating Income improved
significantly versus the fourth quarter of 2022. Actual results
were consistent with the preliminary results provided on January
4th, 2024.
- Diluted EPS (GAAP) was $0.08 and Adjusted Diluted EPS
(Non-GAAP) was $0.28 in the fourth quarter of 2023.
- Future business backlog continues to grow, with 2023 design
wins projected to generate future revenue of $7.4 billion across 61
million units.
- Generated net cash from operating activities of $394 million in
the year ended December 30, 2023. Our balance sheet is strong with
$1.2 billion of cash and cash equivalents and zero debt as of
December 30, 2023.
Mobileye Global Inc. (Nasdaq: MBLY) (“Mobileye”) today released
its financial results for the three months and for the year ended
December 30, 2023.
“Our fourth quarter performance was very strong across the board
but is understandably overshadowed by the inventory build-up at our
customers which will impact our growth in 2024. We believe we have
high visibility to the first quarter results, a very meaningful
improvement in Q2 revenue and normalization of revenue in the
second half of 2024, and are focused on executing that,” said
Mobileye President and CEO Prof. Amnon Shashua. “From a business
development and strategy perspective, 2023 was an extremely
successful year across many fronts. We achieved design wins
projected at $7 billion of incremental future estimated revenue for
a second consecutive year, at elevated ASP, remarkable relative to
the $2-$3 billion in 2021. We expanded the vehicle model pipeline
for SuperVision and Chauffeur from 9 to approximately 30, and won
our most significant advanced product program to date with a major
global western OEM that we expect will not only generate multiple
billions of future revenue, but also be an important endorsement in
front of other customers. Further, over the course of 2023,
Chauffeur went from zero OEM production programs to 3 awards across
multiple models. Finally, the introduction of Driving Experience
Platform (DXP) is proving to be in the sweet spot of OEM make vs
buy decisions, enabling the OEM to control the driving experience
while leveraging Mobileye’s efficient silicon and proven sensing,
mapping, and decision-making software.”
Fourth Quarter and Full-Year 2023 Business Highlights
- Business development activity was very robust in 2023, as the
large acceleration of future business generation experienced in
2022 continued. As disclosed in our CES 2024 presentation,
projected future revenue from design wins achieved in 2023 totaled
$7.4 billion across 61 million incremental units. This is more than
3.5x the revenue we generated in 2023.1
- We continue to execute very well in our core ADAS business, as
we launched systems into approximately 300 distinct vehicle models
in 2023. Our future business pipeline of Cloud-Enhanced ADAS volume
and associated REM™ recurring revenue licenses grew significantly
as a result of new program awards and expansion of existing
programs to additional vehicle platforms. The next-generation core
ADAS chip, EyeQ™6L, remains on-track for first customer production
launches in Q2 2024.
- 2023 was a very successful year for SuperVision™. Shipments
were slightly above 100,000 units in 2023. On the execution side,
we delivered to Zeekr consumers the full SuperVision features for
highway and arterial roads in August 2023 and expanded to 22 cities
by year-end as compared to 2 cities at launch. Additionally, we
generated substantial new business awards for this product. We now
have 4 vehicle models in production and a total of approximately 30
models in the future launch pipeline as compared to 1 vehicle in
production and 9 models in the future launch pipeline at the start
of 2023. This expansion was supported by design wins with Porsche,
FAW, Mahindra, and a large global western OEM over the course of
2023.
- The business pipeline for Chauffeur™ took a leap forward in
2023 as we achieved our first set of production program awards with
Polestar, FAW, and a major global western OEM. The favorable view
of Chauffeur eyes-off technology by automakers is based on two key
factors: 1) Chauffeur adds “buying your time back” as an additional
value proposition on top of the safety and convenience benefits of
SuperVision; and 2) the sharing of tech building blocks between
SuperVision and Chauffeur creates a scalable bridge from one to the
other, significantly lowering the investment needs and raising the
probability of success for a consumer AV product. As announced at
CES, we now project 600,000 units of future Chauffeur volume based
only on design wins announced to date.
- We have made significant progress in building a robust ESG
program as an independent company. After substantial benchmarking,
scoping, and data collection activities over the course of 2023, we
are on track to publish our first Corporate Sustainability Report
as an independent company during 2024.
Fourth Quarter 2023 Financial Summary and Key Highlights
(Unaudited)
GAAP
U.S. dollars in millions
Q4 2023
Q4 2022
% Y/Y
Revenue
$
637
$
565
13
%
Gross Profit
$
344
$
300
15
%
Gross Margin
54.0
%
53.1
%
+91bps
Operating Income
$
73
$
24
204
%
Operating Margin
11.5
%
4.2
%
+721bps
Net Income
$
63
$
30
110
%
EPS - Basic
$
0.08
$
0.04
105
%
EPS - Diluted
$
0.08
$
0.04
105
%
Non-GAAP
U.S. dollars in millions
Q4 2023
Q4 2022
% Y/Y
Revenue
$
637
$
565
13
%
Adjusted Gross Profit
$
439
$
416
6
%
Adjusted Gross Margin
68.9
%
73.6
%
(464)bps
Adjusted Operating Income
$
247
$
217
14
%
Adjusted Operating Margin
38.8
%
38.4
%
+33bps
Adjusted Net Income
$
228
$
215
6
%
Adjusted EPS - Basic
$
0.28
$
0.27
4
%
Adjusted EPS - Diluted
$
0.28
$
0.27
3
%
- Revenue of $637 million increased 13% as compared to fourth
quarter of 2022. EyeQ SoC related revenue grew 16% in the
quarter.
- Average System Price2 was $52.7 in fourth quarter 2023,
compared to $56.2 in the prior year period. While SuperVision
shipments were roughly flat as compared to Q4 2022, SuperVision
revenue as a percentage of total revenue was lower due to growth in
the EyeQ SoC business, resulting in a modest decline in ASP.
- Gross Margin increased by nearly 1 percentage point in the
fourth quarter of 2023 as compared to the prior year period. The
impact of the lower cost attributable to amortization of intangible
assets as a percentage of revenue was partially offset by the
downward impact of the increased cost of our EyeQ SoCs (and
associated price increase to customers).
- Adjusted Gross Margin (a non-GAAP measure) declined by 5
percentage points in the fourth quarter 2023 as compared to the
prior year period. The year over year decrease was primarily due to
downward impact of the increased cost of our EyeQ SoCs (and
associated price increase to customers).
- Operating Margin increased by over 7 percentage points on a
year over year basis. The increase was driven primarily by the cost
attributable to amortization of intangible assets and stock based
compensation as a percentage of revenue which was lower in Q4 2023
as compared to the prior year period.
- Adjusted Operating Margin (a non-GAAP measure) was up slightly
in the fourth quarter 2023 as compared to the prior year period.
Adjusted gross margin declined as explained above. This was fully
offset by operating expenses which were relatively consistent on a
year over year basis but down substantially as a percentage of
revenue in Q4 2023. Our R&D growth plans remained intact but a
year-over-year decline in the USD / Israel Shekel conversion rate
and reimbursements related to employees on military reserve duty
offset spending growth related to headcount and other R&D
activities.
- Operating cash flow for the year ended December 30, 2023 was
$394 million. Purchases of property and equipment was $98 million
for that same period.
1 Mobileye’s revenue for the periods presented represent
estimated volumes based on projections of future production volumes
that were provided by our current and prospective customers at the
time of sourcing the design wins for the models related to those
design wins. See the disclaimer under the heading “Forward-Looking
Statements” below for important limitations applicable to these
estimates.
2 Average System Price is calculated as the sum of revenue
related to EyeQ and SuperVision systems, divided by the number of
systems shipped.
Financial Guidance for the 2024 Fiscal Year
The following information reflects Mobileye’s expectations for
Revenue, Operating Loss and Adjusted Operating Income results for
the year ending December 28, 2024. The following information
reaffirms the preliminary financial outlook for the 2024 fiscal
year that we disclosed in our January 4th, 2024 press release.
We believe Adjusted Operating Income (a non-GAAP metric) is an
appropriate metric as it excludes significant non-cash expenses
including: 1) Amortization charges related to intangible assets
consisting of developed technology, customer relationships and
brands as a result of Intel’s acquisition of Mobileye in 2017 and
the acquisition of Moovit in 2020; and, 2) Stock-based compensation
expense. These statements represent forward-looking information and
may not represent a financial outlook, and actual results may vary.
Please see the risks and assumptions referred to in the
Forward-Looking Statements section of this release.
Full Year 2024
U.S. dollars in millions
Low
High
Revenue
$
1,830
$
1,960
Operating Loss
$
(468
)
$
(378
)
Amortization of acquired intangible
assets
$
444
$
444
Share-based compensation expense
$
294
$
294
Adjusted Operating Income
$
270
$
360
Earnings Conference Call Webcast Information
Mobileye will host a conference call today, January 25, 2024, at
8:00am ET (3:00pm IT) to review its results and provide a general
business update. The conference call will be accessible live via a
webcast on Mobileye’s investor relations site, which can be found
at ir.mobileye.com, and a replay of the webcast will be made
available shortly after the event’s conclusion.
Non-GAAP Financial Measures
This press release contains Adjusted Gross Profit and Margin,
Adjusted Operating Income and Margin, Adjusted Net Income and
Adjusted EPS, which are financial measures not presented in
accordance with GAAP. We define Adjusted Gross Profit as gross
profit presented in accordance with GAAP, excluding amortization of
acquisition related intangibles and share-based compensation
expense. Adjusted Gross Margin is calculated as Adjusted Gross
Profit divided by total revenue. We define Adjusted Operating
Income as operating loss presented in accordance with GAAP,
adjusted to exclude amortization of acquisition related
intangibles, share-based compensation expenses and expenses related
to our initial public offering that was completed on October 28,
2022, during the year ended December 31, 2022. Operating margin is
calculated as Operating Income (Loss) divided by total revenue, and
Adjusted Operating Margin is calculated as Adjusted Operating
Income divided by total revenue. We define Adjusted Net Income as
net loss presented in accordance with GAAP, adjusted to exclude
amortization of acquisition related intangibles, share-based
compensation expense, and expenses related to our initial public
offering that was completed on October 28, 2022, during the year
ended December 31, 2022, as well as the related income tax effects.
Income tax effects have been calculated using the applicable
statutory tax rate for each adjustment taking into consideration
the associated valuation allowance impacts. The adjustment for
income tax effects consists primarily of the deferred tax impact of
the amortization of acquired intangible assets. Adjusted Basic EPS
is calculated by dividing Adjusted Net Income for the period by the
weighted-average number of common shares outstanding during the
period. Adjusted Diluted EPS is calculated by dividing Adjusted Net
Income by the weighted-average number of common shares outstanding
during the period, while giving effect to all potentially dilutive
common shares to the extent they are dilutive.
We use such non-GAAP financial measures to make strategic
decisions, establish business plans and forecasts, identify trends
affecting our business, and evaluate performance. For example, we
use these non-GAAP financial measures to assess our pricing and
sourcing strategy, in the preparation of our annual operating
budget, and as a measure of our operating performance. We believe
that these non-GAAP financial measures, when taken collectively,
may be helpful to investors because they allow for greater
transparency into what measures our management uses in operating
our business and measuring our performance, and enable comparison
of financial trends and results between periods where items may
vary independent of business performance. The non-GAAP financial
measures are presented for supplemental informational purposes
only, should not be considered a substitute for financial
information presented in accordance with GAAP, and may be different
from similarly titled non-GAAP measures used by other companies. A
reconciliation is provided below for each non-GAAP financial
measure to the most directly comparable financial measure presented
in accordance with GAAP. Investors are encouraged to review the
related GAAP financial measures and the reconciliation of these
non-GAAP financial measures to their most directly comparable GAAP
financial measures.
About Mobileye Global Inc.
Mobileye (Nasdaq: MBLY) leads the mobility revolution with its
autonomous driving and driver-assistance technologies, harnessing
world-renowned expertise in computer vision, artificial
intelligence, mapping, and data analysis. Since its founding in
1999, Mobileye has pioneered such groundbreaking technologies as
REM™ crowdsourced mapping, True Redundancy™ sensing, and
Responsibility Sensitive Safety (RSS). These technologies are
driving the ADAS and AV fields towards the future of mobility –
enabling self-driving vehicles and mobility solutions, powering
industry-leading advanced driver-assistance systems and delivering
valuable intelligence to optimize mobility infrastructure. To date,
more than 170 million vehicles worldwide have been built with
Mobileye technology inside. In 2022 Mobileye listed as an
independent company separate from Intel (Nasdaq: INTC), which
retains majority ownership. For more information, visit
https://www.mobileye.com.
“Mobileye,” the Mobileye logo and Mobileye product names are
registered trademarks of Mobileye Global. All other marks are the
property of their respective owners.
Forward-Looking Statements
Mobileye’s business outlook and other statements in this release
that are not statements of historical fact, including statements
about our beliefs and expectations, are forward-looking statements
and should be evaluated as such. Forward-looking statements include
information concerning possible or assumed future results of
operations, including Mobileye’s 2024 full-year guidance, projected
future revenue and descriptions of our business plan and
strategies. These statements often include words such as
“anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,”
“estimates,” “targets,” “projects,” “should,” “could,” “would,”
“may,” “will,” “forecast,” or the negative of these terms, and
other similar expressions, although not all forward-looking
statements contain these words. We base these forward-looking
statements or projections, including Mobileye’s full-year guidance,
on our current expectations, plans and assumptions that we have
made in light of our experience in the industry, as well as our
perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances and at such time. You should understand
that these statements are not guarantees of performance or results.
The forward-looking statements and projections are subject to and
involve risks, uncertainties and assumptions and you should not
place undue reliance on these forward-looking statements or
projections. Although we believe that these forward-looking
statements and projections are based on reasonable assumptions at
the time they are made, you should be aware that many factors could
affect our actual financial results or results of operations and
could cause actual results to differ materially from those
expressed in the forward-looking statements and projections.
Important factors that may materially affect such
forward-looking statements and projections include the following:
future business, social and environmental performance, goals and
measures; our anticipated growth prospects and trends in markets
and industries relevant to our business; business and investment
plans; expectations about our ability to maintain or enhance our
leadership position in the markets in which we participate; future
consumer demand and behavior, including expectations about excess
inventory utilization by customers; future products and technology,
and the expected availability and benefits of such products and
technology; development of regulatory frameworks for current and
future technology; projected cost and pricing trends; future
production capacity and product supply, potential future benefits
and competitive advantages associated with our technologies and
architecture and the data we have accumulated; the future purchase,
use and availability of products, components and services supplied
by third parties, including third-party IP and manufacturing
services; uncertain events or assumptions, including statements
relating to our addressable markets, estimated vehicle production
and market opportunity, potential production volumes associated
with design wins and other characterizations of future events or
circumstances; future responses to and effects of the COVID-19
pandemic; adverse conditions in Israel, including as a result of
war and geopolitical conflict, which may affect our operations and
may limit our ability to produce and sell our solutions; any
disruption in our operations by the obligations of our personnel to
perform military service as a results of current or future military
actions involving Israel; availability, uses, sufficiency and cost
of capital and capital resources, including expected returns to
stockholders such as dividends, and the expected timing of future
dividends; tax- and accounting-related expectations.
The estimates included herein are based on projections of future
production volumes that were provided by our current and
prospective OEMs at the time of sourcing the design wins for the
models related to those design wins. For the purpose of these
estimates, we estimated sales prices based on our management’s
estimates for the applicable product bundles and periods. Achieving
design wins is not a guarantee of revenue, and our sales may not
correlate with the achievement of additional design wins. Moreover,
our pricing estimates are made at the time of a request for
quotation by an OEM (in the case of estimates related to contracted
customers), so that worsening market or other conditions between
the time of a request for quotation and an order for our solutions
may require us to sell our solutions for a lower price than we
initial expected. These estimates may deviate from actual
production volumes and sale prices (which may be higher or lower
than the estimates) and the amounts included for prospective but
uncontracted production volumes may never be achieved. Accordingly,
these estimations are subject to and involve risks, uncertainties
and assumptions and you should not place undue reliance on these
forward-looking statements or projections.
Detailed information regarding these and other factors that
could affect Mobileye’s business and results is included in
Mobileye’s SEC filings, including the company’s Annual Report on
Form 10-K for the year ended December 31, 2022, particularly in the
section entitled “Item 1A. Risk Factors”. Copies of these filings
may be obtained by visiting our Investor Relations website at
ir.mobileye.com or the SEC’s website at www.sec.gov.
Full Year 2023 Financial Results
Mobileye Global Inc. Consolidated Statements of
Operations (unaudited)
Three Months Ended
Year Ended
U.S. dollars in millions, except share
and per share amounts
December 30,
2023
December 31,
2022
December 30,
2023
December 31,
2022
Revenue
$
637
$
565
$
2,079
$
1,869
Cost of revenue
293
265
1,032
947
Gross profit
344
300
1,047
922
Research and development, net
225
224
889
789
Sales and marketing
28
29
118
120
General and administrative
18
23
73
50
Total operating expenses
271
276
1,080
959
Operating income (loss)
73
24
(33
)
(37
)
Interest income with related party
—
9
—
18
Interest expense with related party
—
(4
)
—
(24
)
Other financial income (expense), net
11
5
49
11
Income (loss) before income
taxes
84
34
16
(32
)
Benefit (provision) for income taxes
(21
)
(4
)
(43
)
(50
)
Net income (loss)
$
63
$
30
$
(27
)
$
(82
)
Earnings (loss) per attributed to Class
A and Class B stockholders:
Basic and diluted
$
0.08
$
0.04
$
(0.03
)
$
(0.11
)
Weighted-average number of shares used
in computation of earnings (loss) per share attributed to Class A
and Class B stockholders (in millions):
Basic
806
788
805
759
Diluted
812
791
805
759
Mobileye Global Inc. Consolidated Balance sheets
(unaudited)
U.S. dollars in millions
December 30, 2023
December 31, 2022
Assets
Current assets:
Cash and cash equivalents
$
1,212
$
1,024
Trade accounts receivable, net
357
269
Inventories
391
113
Other current assets
106
110
Total current assets
2,066
1,516
Non-current assets:
Property and equipment, net
447
384
Intangible assets, net
2,053
2,527
Goodwill
10,895
10,895
Other long-term assets
116
119
Total non-current assets
13,511
13,925
TOTAL ASSETS
$
15,577
$
15,441
Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses
$
229
$
189
Employee related accrued expenses
87
88
Related party payable
39
73
Other current liabilities
48
34
Total current liabilities
403
384
Non-current liabilities:
Long-term employee benefits
56
56
Deferred tax liabilities
148
162
Other long-term liabilities
46
45
Total non-current liabilities
250
263
TOTAL LIABILITIES
$
653
$
647
TOTAL EQUITY
14,924
14,794
TOTAL LIABILITIES AND EQUITY
$
15,577
$
15,441
Mobileye Global Inc. Consolidated Cash Flows
(unaudited)
Year Ended
U.S. dollars in millions
December 30,
2023
December 31,
2022
CASH FLOWS FROM OPERATING
ACTIVITIES
Net income (loss)
$
(27
)
$
(82
)
Adjustments to reconcile net income
(loss) to net cash provided by operating activities:
Depreciation of property and equipment
39
23
Share-based compensation
252
174
Amortization of intangible assets
474
544
Exchange rate differences on cash and cash
equivalents
5
6
Deferred income taxes
(14
)
(9
)
Interest on Dividend Note to related
party, net
—
18
Interest with related party, net
16
12
Other
1
(2
)
Changes in operating assets and
liabilities:
Decrease (increase) in trade accounts
receivables
(88
)
(114
)
Decrease (increase) in other current
assets
8
(10
)
Decrease (increase) in inventories
(278
)
(16
)
Increase (decrease) in accounts payable,
accrued expenses and related party payable
10
58
Increase (decrease) in employee-related
accrued expenses and long term benefits
(1
)
(52
)
Increase (decrease) in other
current-liabilities
(7
)
(16
)
Decrease (increase) in other long term
assets
(3
)
17
Increase (decrease) in long term
liabilities
7
(5
)
Net cash provided by operating
activities
394
546
CASH FLOWS FROM INVESTING
ACTIVITIES
Purchase of property and equipment
(98
)
(111
)
Repayment of loan due from related
party
—
1,635
Issuance of loan to related party
—
(336
)
Other
—
(1
)
Net cash provided by (used in)
investing activities
(98
)
1,187
CASH FLOWS FROM FINANCING
ACTIVITIES
Net transfers from Parent
—
84
Dividend paid
—
(337
)
Share-based compensation recharge
(100
)
(280
)
Proceeds from initial public offering, net
of offering costs
—
1,034
Equity transaction in connection with the
legal purchase of Moovit entities
—
(900
)
Repayment of Dividend Note with related
party
—
(918
)
Net cash provided by (used in)
financing activities
(100
)
(1,317
)
Effect of foreign exchange rate changes on
cash and cash equivalents
(5
)
(6
)
Increase in cash, cash equivalents and
restricted cash
191
410
Balance of cash, cash equivalents and
restricted cash, at beginning of year
1,035
625
Balance of cash, cash equivalents and
restricted cash, at end of year
$
1,226
$
1,035
Mobileye Global Inc. Reconciliation of GAAP Gross
Profit and Margin to Non-GAAP Adjusted Gross Profit and Margin3
(unaudited)
Three Months Ended
Year Ended
U.S. dollars in millions
December 30, 2023
December 31, 2022
December 30, 2023
December 31, 2022
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Gross Profit
$
344
54
%
$
300
53
%
$
1,047
50
%
$
922
49
%
Add: Amortization of acquired intangible
assets
95
15
%
114
20
%
406
20
%
469
25
%
Add: Share-based compensation expense
—
—
%
2
—
%
2
—
%
2
—
%
Adjusted Gross Profit
$
439
69
%
$
416
74
%
$
1,455
70
%
$
1,393
75
%
3Adjusted gross margin is calculated as adjusted gross profit as
a percentage of revenue
Mobileye Global Inc. Reconciliation of GAAP Operating
Income and Margin to Non-GAAP Adjusted Operating Income and
Margin4 (unaudited)
Three Months Ended
Year Ended
U.S. dollars in millions
December 30, 2023
December 31, 2022
December 30, 2023
December 31, 2022
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Operating Income (Loss)
$
73
11
%
$
24
4
%
$
(33
)
(2
%)
$
(37
)
(2
%)
Add: Amortization of acquired intangible
assets
112
18
%
131
23
%
474
23
%
544
29
%
Add: Share-based compensation expense
62
10
%
62
11
%
252
12
%
174
9
%
Add: Expenses related to the IPO
—
—
%
—
—
%
—
—
%
4
—
%
Adjusted Operating Income
$
247
39
%
$
217
38
%
$
693
33
%
$
685
37
%
4Adjusted operating margin is calculated as adjusted operating
income as a percentage of revenue
Mobileye Global Inc. Reconciliation of GAAP Net Income
to Non-GAAP Adjusted Net Income (unaudited)
Three Months Ended
Year Ended
U.S. dollars in millions
December 30, 2023
December 31, 2022
December 30, 2023
December 31, 2022
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Amount
% of
Revenue
Net Income (Loss)
$
63
10
%
$
30
5
%
$
(27
)
(1
%)
$
(82
)
(4
%)
Add: Amortization of acquired intangible
assets
112
18
%
131
23
%
474
23
%
544
29
%
Add: Share-based compensation expense
62
10
%
62
11
%
252
12
%
174
9
%
Add: Expenses related to the Mobileye
IPO
—
—
%
—
—
%
—
—
%
4
—
%
Less: Income tax effects
(9
)
(1
%)
(8
)
(1
%)
(40
)
(2
%)
(35
)
(2
%)
Adjusted Net Income
$
228
36
%
$
215
38
%
$
659
32
%
$
605
32
%
Supplemental Information - Average System Price
Q4 2022
Q1 2023
Q2 2023
Q3 2023
Q4 2023
EyeQ and SuperVision revenue (U.S. dollars
in millions)
$
543
$
438
$
430
$
507
$
611
Number of systems shipped (in
millions)
9.7
8.1
8.3
9.4
11.6
Average system price (U.S. dollars)
$
56.2
$
53.9
$
51.7
$
53.8
$
52.7
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240124005068/en/
Dan Galves Investor Relations investors@mobileye.com
Justin Hyde Media Relations justin.hyde@mobileye.com
Mobileye Global (NASDAQ:MBLY)
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