Total revenue at Mobileye grew 38% to $450 million in the third quarter ended Oct. 1. Analysts were expecting revenue of $447 million, according to Refinitiv data.

Net loss, however, widened to $45 million from $26 million.

A push to incorporate assistive-driving capabilities to bolster safety features in cars has led to greater adoption of self-driving technology, helping companies such as Mobileye.

Mobileye, which counts BMW, Nissan, Volkswagen, among others as its customers, forecast revenue of $1.83 billion to $1.85 billion for the full year ending Dec. 31 and adjusted operating income of $637 million to $653 million.

Shares of the company were almost flat at $30.60 in premarket trading.

Mobileye listed on the Nasdaq on Oct. 26 after raising $861 million in an initial public offering. Its stock has risen 45% from the IPO price of $21, valuing the company at $24.45 billion.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Shilpi Majumdar)