MirrorEye Revenue Growth
MirrorEye revenue increased by 24% relative to the fourth quarter of 2024, driven by strong sales in the bus market and the ramp-up of OEM programs.
Adjusted Gross Margin Improvement
Adjusted gross margin improved by 210 basis points in the first quarter, driven by material cost improvements and reduced quality-related costs.
Free Cash Flow Increase
Free cash flow was approximately $4.9 million, an increase of approximately $1.5 million versus the first quarter of the prior year.
Record Sales for SMART 2 Tachograph
The SMART 2 tachograph set a record for quarterly sales, driven by continued strong demand.
Stoneridge Brazil Growth
Stoneridge Brazil's first quarter sales totaled $14.4 million, representing an increase of $2 million or approximately 16% growth relative to the fourth quarter of last year.