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GAUZ

Gauzy Ltd. Ordinary Shares

GAUZ

Gauzy Ltd. Ordinary Shares NASDAQ
$2.39 14.90% (+0.31)

Market Cap $44.80 M
52w High $13.00
52w Low $1.52
Dividend Yield 0%
P/E -19.92
Volume 333.39K
Outstanding Shares 18.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $20.054M $16.796M $-10.736M -53.535% $-0.57 $-6.189M
Q1-2025 $22.367M $14.425M $-10.778M -48.187% $-0.58 $-6.743M
Q4-2024 $31.131M $15.821M $-11.351M -36.462% $-0.61 $-6.732M
Q3-2024 $23.258M $14.323M $-5.497M -23.635% $-0.29 $-2.645M
Q2-2024 $24.409M $13.555M $-23.088M -94.588% $-2.6 $-18.338M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.235M $136.806M $118.946M $17.86M
Q1-2025 $1.176M $134.559M $95.655M $38.904M
Q4-2024 $5.615M $138.245M $89.915M $48.33M
Q3-2024 $9.364M $144.567M $86.222M $58.345M
Q2-2024 $63.785M $193.1M $129.736M $63.364M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-10.736M $-3.307M $-1.929M $5.165M $72K $-5.236M
Q1-2025 $-10.778M $-563K $-1.719M $-2.237M $-4.441M $-2.282M
Q4-2024 $-11.351M $-1.526M $-4.559M $2.635M $-3.717M $-6.085M
Q3-2024 $-6.496M $-14.716M $-2.678M $-37.042M $-54.334M $-17.431M
Q2-2024 $-23.087M $-8.725M $-2.798M $72.727M $61.238M $-11.647M

Five-Year Company Overview

Income Statement

Income Statement Gauzy is clearly still in a build‑out phase. Revenue has been growing from a very small base each year, and gross profit has moved from essentially break‑even to modestly positive. However, operating results remain firmly in the red, with recurring operating and net losses. Those losses widened as the company scaled up, then showed some improvement more recently, but the business is not yet close to break‑even. Earnings per share are deeply negative, reflecting both the young stage of the company and the heavy investment required to commercialize its technologies.


Balance Sheet

Balance Sheet The balance sheet shows a transition from a stressed position toward something more stable, but still fragile. Total assets have grown steadily, which fits with a company building production capacity, IP, and customer relationships. Debt jumped in the middle of the period and has since been reduced, suggesting management has started to de‑lever. Equity moved from negative to positive, likely helped by fresh capital around the IPO. At the same time, the cash position remains thin relative to the ongoing losses, which means the company’s financial cushion is limited and further funding needs are a real possibility if growth and profitability do not ramp up quickly enough.


Cash Flow

Cash Flow Cash flow tells the story of a company that is still firmly in investment mode. Operating cash flow has been consistently negative, which means the core business is consuming cash rather than generating it. Free cash flow is also negative across all years, as even modest capital spending adds to the outflow. While capital expenditures aren’t heavy compared with many industrial tech companies, the combination of ongoing operating losses and negative free cash flow points to continued reliance on external financing (equity, debt, or both) to support operations and growth plans.


Competitive Edge

Competitive Edge Gauzy’s competitive position is built around a specialized niche: controlling light and visibility through smart glass and advanced vision systems. Its key edge is the ability to offer both major smart glass technologies (SPD and PDLC) under one roof, something competitors generally do not match. The company is not just a component maker; it is integrated into the supply chains of major players in automotive and aeronautics, with strong roles as a tiered supplier and significant share in aircraft cockpit shading. A large patent portfolio and proven relationships with big customers create switching costs and help defend its niche. The flip side: this is still a relatively narrow, specialized market, and Gauzy’s success depends on broader adoption of smart glass and camera‑based systems across vehicles, aircraft, and buildings.


Innovation and R&D

Innovation and R&D Innovation is the clear strength of the business. Gauzy sits at the intersection of materials science, optics, and electronics, and it has been aggressively expanding through acquisitions and partnerships. It is pushing smart glass into multiple sectors—cars, planes, buildings, and safety tech—while also layering in AI for driver‑assistance systems and collaborating with major display makers on transparent screens. The company’s vertical integration, from chemistry to finished systems, helps it iterate quickly and keep know‑how in‑house. The opportunity is that many of these technologies could see wider adoption over the next several years; the risk is that turning promising prototypes and pilots into large‑scale, profitable product lines often takes longer and costs more than expected.


Summary

Gauzy is an early‑stage technology hardware company with strong innovation and a still‑developing business model. Financially, it shows the typical profile of a growth‑focused tech manufacturer: rising revenue from a small base, improving but still negative margins, persistent net losses, and ongoing cash burn. The balance sheet has improved around the time of the IPO, but cash remains tight and the company is not yet self‑funding. Strategically, Gauzy has carved out a defensible position in smart glass and vision systems, supported by patents, deep technical know‑how, and embedded roles in key supply chains. Its future will depend on how successfully it can convert these technological and partnership advantages into scalable, profitable product platforms while carefully managing funding needs and execution risk during the ramp‑up phase.