Mobileye Global Inc Reports Q1 Loss Amid Revenue Growth
Mobileye (NASDAQ:MBLY) reported a GAAP net loss of $3.8 billion in Q1 due to non-cash goodwill impairment, despite revenue rising 27% YoY to $558 million driven by strong demand for its EyeQ solution. The company announced a $250 million share repurchase plan and ended the quarter with $1.21 billion in cash.
Tickers: $MBLY
Topics: earnings goodwill impairment guidance revenue share buyback