Youngstown State partners with Warren-based food company
There was a ribbon-cutting Monday morning in the Cushwa Cafe in Cushwa Hall on campus.
AVI Fresh has taken over all campus culinary and hospitality services.
University President Bill Johnson says AVI has been YSU's concessions provider for years and this closer partnership with the Warren-based company has been a long time coming.
'I know how widespread their presence is across the country. I've heard, I've checked the references, I know people that have experienced their dining facilities, so YSU is in for a real treat,' Johnson said.
This contract between YSU and AVI Fresh is for 15 years.
Katherine Simon contributed to this report.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Please see the risks and assumptions referred to in the Forward-Looking Statements section of this release. Earnings Conference Call Webcast Information Mobileye will host a conference call today, July 24, 2025, at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at and a replay of the webcast will be made available shortly after the event's conclusion. Non-GAAP Financial Measures This press release contains Adjusted Gross Profit and Margin, Adjusted Operating Income and Margin, Adjusted Net Income and Adjusted EPS, which are financial measures not presented in accordance with GAAP. We define Adjusted Gross Profit as gross profit presented in accordance with GAAP, excluding amortization of acquisition related intangibles and share-based compensation expense. 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We believe that these non-GAAP financial measures, when taken collectively, may be helpful to investors because they allow for greater transparency into what measures our management uses in operating our business and measuring our performance, and enable comparison of financial trends and results between periods where items may vary independently of business performance. The non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP measures used by other companies. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure presented in accordance with GAAP. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. About Mobileye Global Inc. Mobileye (Nasdaq: MBLY) leads the mobility revolution with our autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision, mapping, and integrated software and hardware. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems that bolster driving safety, while pioneering such groundbreaking technologies as REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety (RSS). These technologies drive the ADAS and AV fields towards the future of mobility – enabling self-driving vehicles and mobility solutions at scale, and powering industry-leading advanced driver-assistance systems. Through 2024, more than 200 million vehicles worldwide have been built with Mobileye's EyeQ technology inside. Since 2022, Mobileye has been listed independently from Intel (Nasdaq: INTC), which retains majority ownership. 'Mobileye,' the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners. Forward-Looking Statements Mobileye's business outlook, guidance and other statements in this release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including Mobileye's 2025 full-year guidance, projected future revenue and descriptions of our business plan and strategies. These statements often include words such as 'anticipate,' 'expect,' 'suggests,' 'plan,' 'believe,' 'intend,' 'estimates,' 'targets,' 'projects,' 'should,' 'could,' 'would,' 'may,' 'will,' 'forecast,' or the negative of these terms, and other similar expressions, although not all forward-looking statements contain these words. We base these forward-looking statements or projections, including Mobileye's full-year guidance, on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances and at such time. You should understand that these statements are not guarantees of performance or results. The forward-looking statements and projections are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Although we believe that these forward-looking statements and projections are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those expressed in the forward-looking statements and projections. Important factors that may materially affect such forward-looking statements and projections include the following: further deterioration of macroeconomic conditions due to ongoing global economic and political uncertainty (as our current guidance assumes the estimated production and/or demand impact of current tariff conditions); future business, social and environmental performance, goals and measures; our anticipated growth prospects and trends in markets and industries relevant to our business; business and investment plans; expectations about our ability to maintain or enhance our leadership position in the markets in which we participate; future consumer demand and behavior, including expectations about excess inventory utilization by customers; our ability to effectively compete in the markets in which we operate; future products and technology, and the expected availability and benefits of such products and technology; development of regulatory frameworks for current and future technology; changes in regulation and trade policy, including increased tariffs, in regions in which we operate, including the U.S., Europe and China; projected cost and pricing trends; future production capacity and product supply; potential future benefits and competitive advantages associated with our technologies and architecture and the data we have accumulated; the future purchase, use and availability of products, components and services supplied by third parties, including third-party IP and manufacturing services; uncertain events or assumptions, including statements relating to our estimated vehicle production and market opportunity, potential production volumes associated with design wins and other characterizations of future events or circumstances; adverse conditions in Israel, including as a result of war and geopolitical conflict, which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; availability, uses, sufficiency and cost of capital and capital resources, including expected returns to stockholders such as dividends, and the expected timing of future dividends; and tax- and accounting-related expectations. The estimates included herein are based on projections of future production volumes that were provided by our current and prospective OEMs at the time of sourcing the design wins for the models related to those design wins. For the purpose of these estimates, we estimated sales prices based on our management's estimates for the applicable product bundles and periods. Achieving design wins is not a guarantee of revenue, and our sales may not correlate with the achievement of additional design wins. Moreover, our pricing estimates are made at the time of a request for quotation by an OEM (in the case of estimates related to contracted customers), so that worsening market or other conditions between the time of a request for quotation and an order for our solutions may require us to sell our solutions for a lower price than we initially expected. These estimates may deviate from actual production volumes and sale prices (which may be higher or lower than the estimates) and the amounts included for prospective but uncontracted production volumes may never be achieved. Accordingly, these estimations are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements or projections. Detailed information regarding these and other factors that could affect Mobileye's business and results is included in Mobileye's SEC filings, including the company's Annual Report on Form 10-K for the year ended December 28, 2024, particularly in the section entitled 'Item 1A. Risk Factors'. Copies of these filings may be obtained by visiting our Investor Relations website at or the SEC's website at Mobileye Global Inc. Condensed Consolidated Balance sheets (unaudited) U.S. dollars in millions June 28, 2025 December 28, 2024 Assets Current assets Cash and cash equivalents $ 1,709 $ 1,426 Trade accounts receivable, net 217 212 Inventories 325 415 Other current assets 146 121 Total current assets 2,397 2,174 Non-current assets Property and equipment, net 454 458 Intangible assets, net 1,387 1,609 Goodwill 8,200 8,200 Other long-term assets 140 138 Total non-current assets 10,181 10,405 TOTAL ASSETS $ 12,578 $ 12,579 Liabilities and Equity Current liabilities Accounts payable and accrued expenses $ 199 $ 190 Employee related accrued expenses 115 105 Related party payable 4 4 Other current liabilities 29 34 Total current liabilities 347 333 Non-current liabilities Long-term employee benefits 69 62 Deferred tax liabilities 36 47 Other long-term liabilities 60 50 Total non-current liabilities 165 159 TOTAL LIABILITIES $ 512 $ 492 TOTAL EQUITY 12,066 12,087 TOTAL LIABILITIES AND EQUITY $ 12,578 $ 12,579 Expand Mobileye Global Inc. Condensed Consolidated Cash Flows (unaudited) Six months Ended U.S. dollars in millions June 28, 2025 CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ (169 ) $ (304 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation of property and equipment 36 30 Share-based compensation 134 124 Amortization of intangible assets 222 222 Exchange rate differences on cash and cash equivalents (8 ) 5 Deferred income taxes (11 ) (11 ) (Gains) losses on equity and debt investments, net (1 ) 1 Other 4 (1 ) Changes in operating assets and liabilities: Decrease (increase) in trade accounts receivable (5 ) 133 Decrease (increase) in other current assets 12 8 Decrease (increase) in inventories 90 (94 ) Increase (decrease) in accounts payable, accrued expenses and related party payable 4 (52 ) Increase (decrease) in employee-related accrued expenses and long term benefits 17 3 Increase (decrease) in other current liabilities (6 ) 5 Decrease (increase) in other long-term assets (2 ) (2 ) Increase (decrease) in other long-term liabilities 5 3 Net cash provided by operating activities 322 70 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property and equipment (28 ) (46 ) Purchases of debt and equity investments (44 ) (18 ) Maturities and sales of debt and equity investments 33 — Net cash used in investing activities (39 ) (64 ) CASH FLOWS FROM FINANCING ACTIVITIES Share-based compensation recharge — (11 ) Net cash provided by (used in) financing activities — (11 ) Effect of foreign exchange rate changes on cash and cash equivalents 8 (5 ) Increase (decrease) in cash, cash equivalents and restricted cash 291 (10 ) Balance of cash, cash equivalents and restricted cash, at beginning of year 1,438 1,226 Balance of cash, cash equivalents and restricted cash, at end of period $ 1,729 $ 1,216 Expand Mobileye Global Inc. Three Months Ended Six months Ended U.S. dollars in millions June 28, 2025 June 29, 2024 June 28, 2025 June 29, 2024 Amount % of Revenue Amount % of Revenue Amount % of Revenue Amount % of Revenue Net Income (Loss) $ (67 ) (13 )% $ (86 ) (20 )% $ (169 ) (18 )% $ (304 ) (45 )% Add: Amortization of acquired intangible assets 111 22 % 111 25 % 222 24 % 222 33 % Add: Share-based compensation expense 69 14 % 62 14 % 134 14 % 124 18 % Less: Income tax effects (11 ) (2 )% (11 ) (2 )% (22 ) (2 )% (21 ) (3 )% Adjusted Net Income $ 102 20 % $ 76 17 % $ 165 18 % $ 21 3 % Expand Supplemental Information - Average System Price (unaudited) 3 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 EyeQ and SuperVision revenue (U.S. dollars in millions) $ 413 $ 457 $ 464 $ 415 $ 481 Number of systems shipped (in millions) 7.6 8.6 9.3 8.5 9.7 Average system price (U.S. dollars) $ 54.4 $ 53.3 $ 50.0 $ 49.0 $ 49.7 3 Average System Price is calculated as the sum of revenue related to EyeQ™ and SuperVision systems, divided by the number of systems shipped. Expand
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