Mobileye N.V. beats by $0.01, beats on revs :
- Reports Q3 (Sep) earnings of $0.19 per share, $0.01 better than the Capital IQ Consensus of $0.18; revenues rose 34.4% year/year to $94.9 mln vs the $89.48 mln Capital IQ Consensus.
- Within total revenue, original equipment manufacturing (:OEM) revenue was $72.6 million, compared to $60.8 million in the prior-year period. EyeQ chip volume increased to 1,553 thousand EyeQ units, compared to 1,351 thousand units in the prior-year period. The EyeQ Average Selling Price (:ASP) per unit for the third quarter of 2016 was $45.50, up from $43.50 during the same period last year and $44.50 in Q2. After market (AM) revenue contributed the remaining $22.3 million of total revenue for the third quarter of 2016 compared to $9.8 million in the prior-year period.
- "Strategically, we continue to see rising interest for higher-level autonomous vehicle technology. Most new customer requirements for future programs now include a semi-autonomous feature-set in addition to Advanced Driver Assist System safety features. We have also seen an uptick in discussions relating to Fully Autonomous programs on the heels of our two recently-announced Level 4 programs with BMW and Delphi. I am pleased that our customers continue to recognize the value Mobileye provides across the entire driving spectrum -- from Driver Assist to Fully Autonomous."
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