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Mobileye 2% lower pre-market in spite of above-expected Q3 revenue, EPS

Published 11/15/2016, 09:15 AM
Mobileye 2% lower pre-market in spite of above-expected Q3 revenue, EPS
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  • Results – revenue $94.9M (+34.3%, consensus $89.52M), EPS $0.19 (consensus $0.18), net income $46M (vs. $34.8M Y/Y), free cash flow $36.9M (vs. $25.6M Y/Y), cash, cash equivalents, restricted cash and marketable securities at September 30 $584.4M (vs. $543.1M at June 30)
  • Highlight metrics – original equipment manufacturing [OEM] revenue $72.6M of total revenue (vs. $60.8M Y/Y), EyeQ chip volume 1.553K units (vs. 1.351K units Y/Y), EyeQ average selling price per unit $45.50 (vs. $43.50 Y/Y), After market [AM] revenue $22.3M of total revenue (vs. $9.8M Y/Y)
  • Mobileye (NYSE:MBLY) co-founder, president and CEO Ziv Aviram: "Strategically, we continue to see rising interest for higher-level autonomous vehicle technology. Most new customer requirements for future programs now include a semi-autonomous feature-set in addition to Advanced Driver Assist System safety features. We have also seen an uptick in discussions relating to Fully Autonomous programs on the heels of our two recently-announced Level 4 programs with BMW and Delphi. I am pleased that our customers continue to recognize the value Mobileye provides across the entire driving spectrum – from Driver Assist to Fully Autonomous."
  • Prior quarters overview
  • Conference call
  • Press release

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