It’s a well-known saying that those who are declared dead live longer. This is also the case with the Israeli company and mega-unicorn ‘Mobileye‘.
Here, too, the company was written down by a left business press. Sure, that leads to price slumps. Unfortunately, many so-called business media act irresponsibly. If you look once more at Israeli business newspapers, you think you are holding left-wing political magazines in your hand. Facts are often framed here, as in the case of J.P. Morgan as reported on VonNaftali.
Back to Mobileye: Last year Mobileye went public and was able to realize a market value of around $17 billion, which many considered a disappointment. $50 billion was expected. In today’s trading, however, Mobileye was able to realize a market value of around $35 billion. A market value of $50 billion is within reach and on the horizon.
The press release said: “Mobileye’s fourth quarter performance highlights included a revenue increase of 59% year-over-year to $565 million.” and “Business development activity was very robust in 2022. As disclosed in our CES presentation, projected future revenue (through 2030) from design wins achieved in just 2022 alone totaled $6.7 billion across 63.6 million incremental units. This is more than 3.5x the revenue we generated in 2022 and the projected average system price indicates strong traction for our advanced solutions.“
Welcome back Mobileye.