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Dec 31, 2024
WeRide Inc Q4 2024 Earnings Report
WeRide reported a decline in revenue and a higher net loss in Q4 2024.
Key Takeaways
WeRide's Q4 2024 revenue declined slightly to $19.3 million, down from $19.8 million in Q4 2023. The company reported a net loss of $81.2 million, widening from a $51.9 million loss a year ago. Adjusted net loss stood at $33.6 million. The decline in service revenue and increased R&D expenses were key contributors to the widening loss.
Total revenue declined slightly to $19.3 million from $19.8 million YoY.
Net loss widened to $81.2 million from $51.9 million in Q4 2023.
Adjusted net loss was $33.6 million, compared to $15.8 million in Q4 2023.
Product revenue grew 44.7% YoY to $7.1 million, driven by increased robotaxi sales.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
WeRide expects continued growth in product sales, particularly in robotaxis and robovans, but anticipates near-term profitability challenges due to ongoing R&D investments and international expansion.
Positive Outlook
- Strong product revenue growth driven by robotaxi sales.
- Successful expansion into international markets, including the Middle East and Europe.
- Strategic partnerships with Uber, Renault, and Swiss Transit Lab to scale operations.
- Operational approvals for driverless robotaxis in Beijing and Guangzhou.
- Advancements in ADAS technology with new end-to-end models.
Challenges Ahead
- Declining service revenue due to reduced ADAS R&D contracts.
- Higher R&D expenses impacting short-term profitability.
- Operating losses remain high due to increased personnel costs.
- Macroeconomic uncertainty affecting customer demand and pricing.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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