Gauzy Ltd. Ordinary Shares - GAUZ STOCK NEWS

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.

Gauzy (GAUZ) expects to generate $240 million in revenue over the next 10 years from its dominant 95% market share in cockpit shading for commercial aircraft and business jets. The company's aeronautics business saw a 38.1% increase in revenue to $20.2 million in H1 2024. Gauzy is capitalizing on industry tailwinds, including increased air travel demand and regulatory requirements for part replacement.

The company is expanding into the broader $600 million aircraft shading and lighting market, which is projected to grow at a 6.4% CAGR from 2023 to 2028. Gauzy's long-standing relationships with major OEMs and airlines, along with its technical expertise, position it well for growth in both new aircraft and aftermarket products.

Gauzy (GAUZ) reported strong Q2 2024 results, with revenues of $24.4 million, up 22.4% year-over-year. The company saw significant growth in Aeronautics, Safety Tech, and Automotive segments. Key highlights include:

- Gross margin improved to 27.0%, up 680 basis points
- Net loss increased to $23.1 million
- Non-GAAP Adjusted net loss decreased to $7.8 million
- Cash and equivalents of $63.7 million at quarter-end
- Completed IPO in June 2024, raising approximately $75 million in gross proceeds

Gauzy's CEO, Eyal Peso, highlighted the company's market leadership in vision and light control technologies, with a 95% market share in global aircraft cockpit shading and expansion into over 80 major global metro areas for Smart Vision ADAS/CMS systems.

Gauzy (Nasdaq: GAUZ), a global leader in vision and light control solutions, has announced the release date for its second quarter and first half 2024 financial results. The company will unveil its financial performance on Thursday, August 8, 2024, before the market opens. Following the release, management will host a webcast and conference call at 8:30 a.m. EDT to discuss the results.

Investors can participate in the conference call by dialing U.S. Toll Free (800) 717-1738 or International (646) 307-1865. The call can also be accessed through the "Investors" section of Gauzy's website. An audio replay will be available for approximately one week after the call.

Gauzy (Nasdaq: GAUZ) has announced the implementation of its 'Smart-Vision' Camera Monitoring System (CMS) on Paris buses for the 2024 Olympics. With 11.3 million expected visitors, Gauzy's technology aims to enhance public safety by reducing blind spots and optimizing drivers' visibility. The system replaces traditional side mirrors with high-definition cameras and interior displays, potentially reducing accident costs by up to 40%.

Gauzy's Smart-Vision CMS is already used by leading OEMs like Man, Irizar, Scania, Hess, and Van Hool. The technology improves situational awareness, helping drivers detect pedestrians, cyclists, and other vehicles more easily. This deployment aligns with Paris's commitment to smart mobility solutions and sustainable urban transportation, especially important during the Olympics with increased demand on public transport.

Gauzy (Nasdaq: GAUZ), a leader in vision and light control solutions, has announced strong preliminary revenue ranges for Q2 and H1 2024. Q2 revenues are expected to be between $24.0-$24.5 million, up from $19.9 million in Q2 2023. H1 2024 revenues are projected at $48.7-$49.2 million, compared to $37.4 million in H1 2023. These ranges represent approximately 22% and 31% growth for Q2 and H1 2024, respectively.

CEO Eyal Peso attributed the growth to key customers accelerating their purchasing commitments to meet robust demand. The company is seeing increased adoption of its smart glass technologies by OEMs, major cities replacing bus mirrors with Gauzy's ADAS and CMS systems, and incorporation of its products into new commercial and hospitality projects.

Gauzy (Nasdaq: GAUZ), a global leader in vision and light control solutions, announced the successful closing of its initial public offering (IPO) on June 7, 2024. The company issued 4,411,765 ordinary shares at $17.00 per share, raising $75 million in gross proceeds before underwriting discounts and expenses. Gauzy has also granted underwriters a 30-day option to buy an additional 661,765 shares at the same price.

The IPO proceeds will be utilized for expanding production lines, R&D, marketing, working capital, and bonus payments. Gauzy's shares started trading on the Nasdaq Global Market under the ticker 'GAUZ' on June 6, 2024.

Gauzy (Nasdaq: GAUZ) announced the pricing of its initial public offering (IPO) of 4,411,765 ordinary shares at $17.00 per share, totaling $75 million in gross proceeds before underwriting discounts and other expenses.

The company also granted underwriters a 30-day option to purchase an additional 661,765 shares. Trading on the Nasdaq Global Market begins on June 6, 2024, and the offering closes around June 7, 2024, pending standard conditions.

Proceeds will fund production expansion, R&D, marketing, a second earn-out payment, and working capital. Barclays, TD Cowen, and Stifel are managing the offering, with B. Riley Securities and Beech Hill Securities as co-managers.