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Mobileye 2013 was loss making and valued below $1bn
Mobileye 2014, IPO at $5bn
Mobileye 2017, sold to Intel for $15.3m
Mobileye 2024, $24bn
Good post Sandy, this morning I have been looking at Mobileye in comparison to SM. For SM I have used broker and company data and profit is EBITDA not cash profit.
Mobileye at IPO Aug 2014
"The company estimates that its products were installed in about 3.3 million vehicles worldwide as of March 31. By the end of 2014, it expects its technology to be available in 160 car models from 18 original equipment manufacturers worldwide.
Mobileye's revenue doubled to $81.2 million for the year ended Dec. 31. The company swung to a profit of about $20 million in the year from a loss of $53 million a year earlier."
SM at August 2025
"The company estimates that its products were installed in about 4.3 million vehicles worldwide as of June 30. By the end of 2025, it expects its technology to be available in over 100 car models from 13 OEMs.
Seeing Machines revenue increased to $88.3 million for the year ended June 30. The company swung to a profit of about $20 million in the year from a small loss the year before."
I would add
ARM Holdings
Nvidia
Mobilleye
Ford
Https://www.linkedin.com/posts/magna-international_magnaawards-automotivenews-paceaward-activity-7191136355240873985-xOjW?utm_source=share&utm_medium=member_android
Magna’s Integrated Driver & Occupant Monitoring System, an industry-first solution that integrates an intelligent camera system into the interior mirror to actively detect, predict and react to distracted driving, was one of 13 PACE Award winners out of 33 finalists. Within the mirror is a high‐resolution camera, infrared emitters, and electronic control unit, while advanced software monitors the movement of the driver’s head, eyes and body in real time to detect distracted behavior, drowsiness and fatigue.
The 29th annual PACE Awards were presented by Automotive News. The competition was open to suppliers that contribute products, processes, materials, or services directly to the manufacture of cars or trucks. The Automotive News PACE Award is accepted around the world as the industry benchmark for innovation.
As for buying shares, the CEO has bought over 1.1m since the comments from Martin and his holding is now 9.6m
He must be one of our largest PI holders
Brock, correct monthly cashburn.
Auto revenue will help but the key for me is the cost control, particularly external cost as many companies feel they can't change that.
So the $6m of annualised savings Martin mentioned as done and in place from 1st Jan is very impressive. That $3m saving in H2 is the equivalent of 300k+ cars on the road if we assume $10 per unit at 95% margin.
I like their focus on controlling external costs
I listened to the results presentation again this morning.
The section on cash from one of our largest non II investors is very compelling.
For me getting our cash burn to "less than $1m in Q4" is amazing and makes cashflow breakeven in FY25 extremely likely.
Also worth noting the pres was on 18th March, so 2 weeks away from the start of Q4.
Colin Barnden independent industry expert
https://www.linkedin.com/posts/colin-barnden-1081376_automaker-ceo-ncap-activity-7189196063906385921-hzrK?utm_source=share&utm_medium=member_android
I assume baxter was fully booked so Dr Mike stepped in.
https://www.linkedin.com/posts/mike-lenn%C3%A9-86a1854_ncap24-safety-guardian-ugcPost-7188889664403996673-cmxh?utm_source=share&utm_medium=member_android
Glandore, Sure, the first post in this thread explains this. Thanks a million
Baxter, no one is going to pay you to deramp, grow up and accept your own decisions
The configurator on the VW website is a great source atm, since Friday DMS has been added to
Polo
Arteon
Taigo
Touran
ID.4
ID.5
This might be why Paul was so certain we would hit the target of "100% annual increase in cars on the road", to do that we need 655k over the 2 remaining quarters of FY24.
Https://www.volkswagen-group.com/en/press-releases/volkswagen-group-delivers-robust-2023-results-performance-programs-and-record-number-of-new-product-launches-stabilize-future-development-18279
The portfolio will be significantly upgraded again in 2024 with important bestsellers such as the Golf, Tiguan, Passat, Octavia and Superb, often enhanced with modern hybrid technology, and the all-electric MEB family. All upgrades will further strengthen the Group’s position. In addition, there are completely new all-electric models such as the Porsche Macan Electric and the Audi Q6 e-tron01 on the Premium Platform Electric as well as the MEB-based VW ID.702 and ID.7 Tourer03, the CUPRA Tavascan04 and the VW ID. Buzz01with a long wheelbase.
Due to the numerous product highlights, the Group expects incoming orders in Western Europe to pick up speed in the coming months, compared to the previous year. This also applies to the all-electric vehicles that are already available and for which Volkswagen Group has started the new year with a clearly positive trend, compared to the previous year’s period.
Overall, the Group is confident about a record year for new models in 2024, in which more than 30 new product launches are planned thanks to powerful platforms
A key point from what Colin said yesterday is for DMS to get awarded points from Euroncap it must be installed across all trims not just the top spec trim.
Thats huge as VW will want the points, hence its across all Golf trims, not start with the top spec and a slow drip down to lower trims
Post the link then, it's not available when I try to actually order a vehicle via their website.
One of the funny posts for years is that Advanced driver attention & drowsiness monitor" is "merely a cover term for lane crossings etc"
The standard of deramping is really dropping
Thats not correct Glandore, when I configure an ID4 on the VW website I get
"Technology and safety
Driver alert system, fatigue detection"
Thats not DMS
Jesus we are in loads of models, 5 mins playing with the configurator and I found
ID.7
Golf 8.5
New Tiguan
New Touareg
New T-Cross
New Passat
You just need to go onto the configurator on the VW website, clearly shows the DMS as standard on all trims.
Link below might work
https://www.volkswagen.co.uk/en/new/golf.html#build
Https://www.volkswagen-newsroom.com/en/press-releases/eight-generations-in-50-years-the-year-2024-is-all-about-the-golf-at-volkswagen-18025
The Golf quickly became a true “Volkswagen”, and the first million units were sold as early as 1976. More than 37 million vehicles have been delivered to date. This makes the compact car the most successful European car, the best-selling Volkswagen of all time – and an icon.