XPEV - Xpeng reports beat on strong deliveries initiates guidance: Q4 Earnings
Xpeng (XPEV -2.0%) has reported beat on both lines with revenue from vehicles sales of $1.28B (+199.3% Y/Y) in fourth quarter results. Total Revenue of $1.34B (+200.1% Y/Y) beats consensus by $40M. Vehicle deliveries increased 63% sequentially to 41,751 units in 4Q21. Deliveries exceeded the monthly delivery benchmark of 15,000 units for two consecutive months in November and December 2021. For full year, deliveries rose 263% Y/Y to 98,155. Q4 deliveries of the P7 smart sports sedan were 21,342 (+150% Y/Y); Deliveries of the P5 smart family sedan reached 5,030 in Dec. following its mass-delivery launch in Oct. Gross margin was 12% compared to 14.4% a year ago; Vehicle margin was 10.9% vs. 6.8% in 4Q20. Non-GAAP EPADS of -$0.22 beats by $0.18. The company ended the quarter with $6.83B in cash and cash equivalents, restricted cash, short-term deposits, short-term investments and long-term deposits. Q1 2022 Guidance: Revenue is expected to be in the range
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Xpeng reports beat on strong deliveries, initiates guidance: Q4 Earnings