Israeli smart glass co Gauzy files for Nasdaq IPO

• Published date: 21 April 2024
• Author: Shiri Habib-Valdhorn
• Publication title: Globes (Rishon LeZion, Israel)

In the prospectus, Gauzy disclosed that it has revenue of $78 million in 2023, up 59% from the previous year. Net loss grew from $37.9 million in 2022 to $79.3 million in 2023. At the end of 2023, the company had only $4.6 million in cash

The company, which was founded in 2009, has developed a technology that allows better control of the passage of light through the glass for the automotive and aviation industries, while the company believes that its products could also have applications in other fields. Gauzy's technology replaces traditional mechanical products with advanced solutions that...