2023-08-17 05:04:08 ET
- EHang press release ( NASDAQ: EH ): Q2 Non-GAAP EPADS of -$0.06.
- Revenue of $1.4M (-31.5% Y/Y) misses by $1.93M .
- Sales and deliveries of EH216 series AAVs were 5 units, compared with 11 units in the first quarter of 2023.
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Business Outlook: The Company continues to receive increasing inquiries, demands, and orders from customers for AAV uses in aerial tourism, urban transportation, emergency rescue, and smart city management, which are driven by its first-mover advantages, favorable policies in the UAM sector, and expected upcoming commercialization. The Company’s EH216-S order pipeline in China has reached more than 100 units and continues growing. Most of these orders are conditional upon the Company’s completion of the type certification.
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EHang Non-GAAP EPADS of -$0.06, revenue of $1.4M misses by $1.93M