Thunder Power Holdings reports Q3 results

2025-11-17 16:25:31 ET

• Thunder Power Holdings press release ( OTC:AIEV ): Q3 revenues were nil, as Thunder Power continued to focus on pre-commercial development of premium electric vehicles.
• Loss per share was $0.01 for the quarter and $0.03 for the nine months.
• General and administrative expenses were $0.4 million for the quarter and approximately $1.7 million for the nine months.
• Net loss for the three months ended September 30, 2025, was $0.4 million; for the nine-month period ended September 30, 2025, net loss totaled $1.7 million.
• Cash on hand as of September 30, 2025, was $16,441.
• Management has noticed material uncertainty regarding the company's ability to continue as a going concern, citing significant operating losses, constrained cash inflow, it's delisting from Nasdaq, and uncertainty surrounding its access to the capital markets.
• Cash used in operating activities for the nine months was $1.4 million, primarily driven by net loss and modest increases in related party and accrued payables.

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