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November 4, 2015

ISRAEL: Mobileye records Q2 total revenue up 57% to US$52.8m

Mobileye has unveiled second quarter total revenue of US$52.8m up 57% year-over-year, with non-GAAP net income of US$23.7m.

Mobileye has unveiled second quarter total revenue of US$52.8m up 57% year-over-year, with non-GAAP net income of US$23.7m.

“The second quarter demonstrated continued strong performance, highlighted by new EyeQ3 launches and increased demand for existing programmes,” said Mobileye president and CEO, Ziv Aviram.

“During the quarter, we saw further support for regulatory implementation of ADAS and continued customer interest in the adoption of autonomous driving.

"Looking forward, Mobileye will continue to develop innovative technologies to maintain our leadership position and benefit from the accelerating autonomous industry trends.”

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