Connected Car
Gentex Corp., a supplier of digital vision, connected car, dimmable glass and fire protection products, has reported financial results for the fourth quarter and calendar year ended Dec. 31, 2022. The gross margin in the fourth quarter of 2022 was 31.2%, compared with a gross margin of 34.3% in the fourth quarter of 2021. In the fourth quarter of 2022 net income was $86.2 million, as compared to net income of $84.2 million in the fourth quarter of 2021. For calendar year 2022, the gross margin was 31.8%, compared to a gross margin of 35.8% for calendar year 2021. Automotive net sales during the fourth quarter of 2022 were $482.9 million, as compared to $409.6 million in the fourth quarter of 2021.