hist78
Well-known member
"Autonomous vehicle company Mobileye capped the most challenging year in its history with a 23% drop in fourth-quarter revenue to $490 million.
The company's operating loss, according to accounting standards, totaled $86 million, while the net loss stood at 9 cents per share. After adjusting for write-offs and other accounting expenses, Mobileye posted an adjusted profit of 13 cents per share. While these results represent a significant decline compared to the same period last year, they were in line with forecasts. "
www.calcalistech.com
The company's operating loss, according to accounting standards, totaled $86 million, while the net loss stood at 9 cents per share. After adjusting for write-offs and other accounting expenses, Mobileye posted an adjusted profit of 13 cents per share. While these results represent a significant decline compared to the same period last year, they were in line with forecasts. "

Mobileye ends brutal year with 20% revenue decline and $3 billion loss | CTech
Stock sinks as investors react to weak earnings and ongoing market challenges.