Future Revenue VisibilityGauzy exited with a record backlog of $38.3 million, providing strong future revenue visibility.
Operational GrowthAdditional labor was approved by the French works councils to add a 2nd shift and the management team does not anticipate future delivery shortfalls.
Partnership And ExpansionManagement noted ramping business with Yutong, the first time this bus OEM was announced as well as an award with a European auto OEM for an EV platform to ramp with annual volumes at ~50,000.