Gauzy Ltd. (GAUZ) has released an update.
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Gauzy Ltd. has reported a 22.4% revenue increase to $24.4 million in Q2 2024, with significant contributions from its Aeronautics, Safety Tech, and Automotive sectors. Despite this growth, the company experienced a net loss of $23.1 million, although this was slightly mitigated by an improved non-GAAP adjusted net loss. The company’s successful IPO in June 2024 and a strong customer order book have positioned it favorably for continued expansion in its core markets.
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