Mobileye Sees 70 Percent Increase In Revenue In Q3/2014

November 23, 2014 | The collision-avoidance technology developer Mobileye saw its revenue increase 70 percent, to $34.7 million, in the third financial quarter of 2014. The company’s share price also jumped 5 percent in pre-market trading on Wall Street, giving Mobileye a market cap of over $10 billion. The company also announced a $13.1 million GAAP-based net loss, at $0.09 per share, in the same quarter, compared with $5.5 million in net profits in the corresponding quarter of last year. Mobileye was founded in 1999 by Ziv Aviram and Prof. Amnon Shashua.