Microvast Reports First Quarter 2024 Financial Results
Record company Q1 revenue, increased 73.2% year over year to $81.4 million Gross margin increased from 10.3% to 21.2%, a 10.9 percentage point improvement year over year STAFFORD, Texas–(BUSINESS WIRE)–Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial […]
indie Semiconductor Reports First Quarter 2024 Results
Delivers 29% Year-over-year Top Line Growth to $52.4M with Non-GAAP Gross Margin of 50.3% Guides Q2 2024 Revenue to be flat to up 5% Sequentially with Non-GAAP Gross Margin Expansion Well Positioned for Sustained Above Market Growth Driven by ADAS and User Experience 2H 2024 New Program Ramps ALISO VIEJO, Calif.–(BUSINESS WIRE)–indie Semiconductor, Inc. (Nasdaq: […]
ESAB Corporation Board Declares Increased Dividend
NORTH BETHESDA, Md.–(BUSINESS WIRE)– “We are proud to announce a double-digit increase in our dividend for our second straight year as a public company,” stated Shyam P. Kambeyanda, President and CEO of ESAB Corporation. “The dividend reflects our ability to successfully execute our strategic goals, generate strong cash flow quarter-over-quarter and deliver value to our […]
Getaround Releases First Quarter 2024 Results
Total Revenues Up 49% and Gross Booking Value Up 41% Year-Over-Year Leadership Transition, Capital Raise and Operational Streamlining Support Renewed Focus on Achieving Profitable Growth SAN FRANCISCO–(BUSINESS WIRE)–Getaround (NYSE: GETR) (“Getaround” or “the Company”), the world’s first connected carsharing marketplace, today announced financial results for the first quarter of 2024 ended March 31, 2024. “Since […]
OPAL Fuels Reports First Quarter 2024 Results
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–OPAL Fuels Inc. (“OPAL Fuels” or the “Company”) (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biogas into low carbon intensity renewable natural gas (RNG) and renewable electricity, today announced financial and operating results for the three months ended March 31, 2024. “First quarter financial and operational results […]
Ouster Announces Record Revenue and Margin for First Quarter 2024
Record revenue of $26 million, up 51% year over year GAAP gross margin of 29% and record non-GAAP gross margin of 36% SAN FRANCISCO–(BUSINESS WIRE)– First Quarter 2024 Highlights $26 million in revenue, up 51% year over year and 6% sequentially. Shipped approximately 4,500 sensors for revenue. GAAP gross margin of 29%, compared to (2%) […]
EnerSys Recognized in VIQTORY™ 2024 Top Military Friendly® Supplier Diversity Program
READING, Pa.–(BUSINESS WIRE)– In the $1B-$5B category (based on FY23 total net sales figures), EnerSys was ranked among the Top 10 Military Friendly® Supplier Diversity Programs. Participation in the survey was open to all organizations, with no associated fees. “At EnerSys, we strongly believe that our suppliers are the experts in their respective fields,” said […]
SoundHound AI Reports 73% Q1 Revenue Growth to $11.6 Million; First Quarter Closes With $226 Million in Cash
Company Raises Full Year Revenue Outlook SANTA CLARA, Calif.–(BUSINESS WIRE)–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter 2024. “Our first quarter sets the tone for 2024 as another year of strong growth for SoundHound. Voice AI is fast becoming a must-have tool […]
Helios Technologies Reports First Quarter 2024 Financial Results; Strong Sequential Growth for a Solid Start to the Year
Delivered net sales of $212.0 million up 10% over 4Q23 with Hydraulics up 7% and Electronics up 17% sequentially; Notably Electronics up 6% over the year-ago period Demonstrated sequential margin improvement over 4Q23 across both gross (+310 bps) and operating (+340 bps) margins despite some unfavorable mix Achieved diluted EPS of $0.28 in 1Q24 and […]
Aurora Announces First Quarter 2024 Results
PITTSBURGH–(BUSINESS WIRE)–Aurora Innovation, Inc. (NASDAQ: AUR) today announced its first quarter 2024 results. Aurora’s shareholder letter and financial results are available on its investor relations website at “During the first quarter, we continued to improve the Aurora Driver’s autonomy performance, advance our launch lane Safety Case, and execute with financial discipline,” said Chris Urmson, Co-Founder […]
