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Dec 31, 2024
EHang Q4 2024 Earnings Report
EHang reported record-high quarterly revenue growth in Q4 2024, with a 190.2% increase YoY, alongside improved profitability metrics.
Key Takeaways
EHang delivered strong financial performance in Q4 2024, with revenue surging 190.2% year-over-year to $22.5 million. The company reported significant growth in EH216 series eVTOL sales, with 78 units delivered. While operating loss improved, adjusted net income reached $5.0 million, marking its third consecutive quarter of non-GAAP profitability.
Total revenue increased 190.2% YoY to $22.5 million.
EH216 series eVTOL deliveries reached 78 units, a 239.1% increase YoY.
Adjusted net income improved to $5.0 million from an adjusted net loss of $3.0 million in Q4 2023.
Gross margin remained strong at 60.7% despite a slight decline from the prior-year period.
EHang
EHang
EHang Revenue by Segment
Revenue by Segment
EH216 eVTOL Revenue
CapyFin.com Forward Guidance
EHang expects total revenue to reach $123.3 million in FY 2025, reflecting a 97% year-over-year growth, supported by continued expansion in eVTOL sales and commercial operations.
Positive Outlook
- Revenue expected to grow 97% in FY 2025.
- Increasing demand for EH216-S eVTOL in China and international markets.
- Strong pipeline of new orders and strategic partnerships.
- Continued investment in production capacity expansion.
- Favorable regulatory progress in urban air mobility.
Challenges Ahead
- Gross margin slightly declined due to revenue mix changes.
- Operating loss remains despite revenue growth.
- Intensifying competition in the urban air mobility sector.
- High R&D and administrative expenses impacting profitability.
- Regulatory approval process for commercial eVTOL operations still ongoing.