China's Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet
Sales grew 11.6% year-over-year to $13.98 million (101.6 million Chinese yuan), mainly driven by rapid growth in Robotaxi services revenues. The analyst consensus estimate for sales was 90.11 million Chinese yuan.
Robotaxi services revenue climbed 200.3% Y/Y to $1.7 million in the quarter, primarily attributable to expanding its public-facing fare-charging operations in Tier-one cities in China and refined operational strategies for diverse user groups.Meanwhile, Robotruck services revenue surged 4.2% Y/Y to $7.8 million, mainly due to contributions from new clients.
Gross profit fell 11.8% Y/Y to $2.3 million, with a margin contraction of 440 bps to 16.6%, mainly due to changes in the revenue mix with increased ADC sales for new robot delivery clients in the first quarter.
The company reported a loss of 10 cents (or 0.73 Chinese yuan) per share, compared to a loss of 28 cents in the prior year's quarter. The analyst consensus loss estimate was 0.07 Chinese yuan.
As of March 31, 2025, cash and cash equivalents, short-term investments, and restricted cash stood at $738.5 million.
Co-founder and Chief Executive Officer Dr. James Peng said the unveiling of the seventh-generation autonomous driving system (Gen 7) enabled it to reduce bill-of-materials (BOM) costs by 70% and made it confident about expanding the fleet to 1,000 vehicles by year-end.
Co-founder and Chief Technology Officer Dr. Tiancheng Lou said its Gen 7 Robotaxis accomplished full-scenario L4 autonomous driving on automotive-grade chips. It remains on track to scale mass production and deployment in 2025.
Price Action: PONY shares are trading higher by 17.6% to $19.90 premarket at last check Tuesday.
Read Next:Image by Tada Images via Shutterstock
Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
Get the latest stock analysis from Benzinga?
This article China's Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Apple (AAPL) Upgrading Siri with AI-Powered Apple Intent
Apple Inc. (NASDAQ:AAPL) is one of the tech stocks with strong return on equity. On August 10, it was announced that the company is working on a significant upgrade to its AI voice control, which will change how people use iPhones. Reports indicate that the company is working on an upgraded version of App Intents that will make Siri the true hands-free controller for devices. App Intents will enable people to use their voice to instruct Siri to perform complex operations, such as finding a specific photo, editing it, and sending it off. Thanks to artificial intelligence integration, the digital assistant can comment on an Instagram photo or scroll through a shopping app and add items to a cart. With the new upgrades, Apple is exploring ways to make its voice control operate with precision inside interfaces. The upgrades would mark an important milestone and fulfillment of a promise that Siri made 15 years ago. It will also be a significant upgrade to the company's hardware. Without App Intents, Apple's products would be less compelling than those offered by Amazon and Google. Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also sells a variety of related services, including software, digital content, and subscription-based services. The stock boasts of a high return on equity of 149.81%, affirming its ability to convert shareholder equity to profit. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best NYSE Penny Stocks to Invest in Now and 10 Best 52-Week High Stocks to Buy According to Analysts. Disclosure: None. This article is originally published at Insider Monkey. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
a minute ago
- Yahoo
Wix.com (WIX) Announces $200 Million Increase to Share Repurchase Program
Ltd. (NASDAQ:WIX) is one of the best falling stocks to buy now. On August 11, the company announced an increase to its share repurchase program by an additional $200 million. This move expands the total authorized repurchase capacity to $500 million. Of the previously authorized $400 million, $100 million had already been utilized before this expansion. Copyright: gmast3r / 123RF Stock Photo Since the beginning of 2025, Wix has repurchased $300 million of its ordinary shares as part of this program. The repurchase program allows Wix to buy back its ordinary shares and/or convertible notes through various methods, including open market purchases, privately negotiated transactions, and plans compliant with U.S. securities laws and regulations. The program is flexible. It does not obligate Wix to acquire any specific amount of securities and can be suspended or discontinued at the company's discretion. The additional $200 million repurchase authorization will be implemented subject to Israeli legal requirements. This includes a 30-day period during which creditors may object to the repurchase plan as per Israeli company regulations. Ltd. (NASDAQ:WIX) is an Israeli software company. It operates a cloud-based platform that enables users to create, manage, and grow websites and digital experiences without coding. The company serves over 250 million registered users globally through products like Wix Editor, Wix Studio, and Velo, a no-code/low-code development environment. While we acknowledge the potential of WIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Copper Stocks to Buy According to Hedge Funds and 10 Best EV Penny Stocks to Buy According to Hedge Funds. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
a minute ago
- Bloomberg
Finding Global Common Ground on AI
Lead Edge Capital Managing Partner Mitchell Green says US and Chinese leaders know they have to work together, and the implementation of AI is going to be a global effort. He speaks with Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
