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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.
WeRide Inc
WeRide Inc
WeRide Inc Revenue by Segment
WeRide Inc Revenue by Geographic Location
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.comInternational Revenue
CapyFin.com 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.
- Near-term pressure on margins as the company expands internationally.
Revenue & Expenses
Visualization of income flow from segment revenue to net income