Expanded Purchase Order Backlog
Backlog of purchase orders increased from below $31 million at year-end 2024 to almost $36 million at the end of March 2025, indicating strong demand for Gauzy's products.
Significant Business Milestones
Air France KLM Group selected Gauzy's shading system for Boeing 777, Mercedes-Benz implemented Smart Glass technologies in 75% of the glazing in the Vision V show car, and Cadillac Celestiq EV with SPD sunroof commenced production.
Improved Gross Margin
Gross margin increased to 25.6% from 25.1% in the prior year period, showing a 50 basis points expansion due to operational efficiencies.
Positive Revenue Guidance for 2025
Revenue expected to be in the range of $130 million to $140 million, representing more than 30% growth at the midpoint compared to 2024.
New Debt Facility
Secured a new $10 million debt facility with Mizrahi, with favorable terms including a 370 basis point interest rate reduction.