Mobileye Global (NASDAQ:MBLY) reported its financial results for the fourth quarter and full year ended December 30, 2023.
The company posted a 13% year-over-year increase in quarterly revenue to $637 million. This aligns with Mobileye's preliminary figures released on January 4, 2024.
Mobileye also showed significant growth in both Operating Income and Adjusted Operating Income compared to the prior year's fourth quarter.
For Q4, Mobileye reported GAAP Diluted EPS of $0.08 and Non-GAAP Adjusted Diluted EPS of $0.28.
The company's 2023 design wins are expected to generate future revenues of $7.4 billion across 61 million units, demonstrating the growth of Mobileye's business backlog.
Mobileye ended 2023 in a strong financial position, with $1.2 billion in cash and cash equivalents and no debt as of December 30, 2023.