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EHang's Q4 Results Miss Street View; Says 2022 Was Challenging With Uncertainties

Benzinga ·  03/22 19:49

EHang Holdings Ltd (NASDAQ: EH) reported fourth-quarter FY22 revenues of RMB15.7 million ($2.3 million), an increase of 90.7% quarter-over-quarter, missing the consensus of $3.53 million.The gross margin remained flattish at 66.1%, compared with 65.9% in 3Q22. Adjusted loss per ADS of $(0.14) or RMB (1.02) missed the consensus loss of $(0.08).Adjusted operating loss was RMB(61.34) million or $(8.89) million, compared with RMB(52.85) million in 3Q.Adjusted operating expenses were RMB73.20 million ($10.61 million), compared with RMB59.67 million in the prior quarter.EH held cash and equivalents of RMB249.3 million ($36.1 million).Sales and deliveries of EHang 216 AAVs were six units versus four units in Q3.Mr. Huazhi Hu, EHang's Founder, Chairman, and

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