Gauzy Ltd. announced its financial results for the first quarter ended March 31, 2025, on May 13, 2025. Revenues for the quarter were $22.4 million, a decrease from $24.7 million in the prior year quarter, primarily attributed to timing shifts in deliveries within the Aeronautics and Architecture divisions.
Despite the revenue decline, gross margin expanded to 25.6% in Q1 2025, up from 25.1% in Q1 2024, driven by improved operational efficiencies. Total operating expenses decreased by 9% to $14.4 million, mainly due to lower R&D, G&A, and sales and marketing expenses.
Adjusted EBITDA for Q1 2025 was negative $5.5 million, compared to negative $4.8 million in the prior year quarter. Gauzy reaffirmed its full-year 2025 guidance for revenues between $130 million and $140 million and anticipates achieving positive Adjusted EBITDA for the full year. The company also signed a $10 million debt financing facility with Mizrahi Bank, strengthening its liquidity.
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