Pony.ai Live Earnings Coverage (May 20th)
Live Updates Live Coverage Updates appear automatically as they are published. Operational & Strategic Milestones 7:32 am Regulatory Leadership: Secured China’s first fully driverless (L4) commercial Robotaxi license in Shenzhen’s Nanshan District in late March and expanded its footprint to over 2,000 km² across Beijing, Guangzhou, Shenzhen, and Shanghai—~20× San Francisco’s area. User Ecosystem Growth: Registered […] The post Pony.ai Live Earnings Coverage (May 20th) appeared first on 24/7 Wall St..
Live Updates
Operational & Strategic Milestones
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Regulatory Leadership: Secured China’s first fully driverless (L4) commercial Robotaxi license in Shenzhen’s Nanshan District in late March and expanded its footprint to over 2,000 km² across Beijing, Guangzhou, Shenzhen, and Shanghai—~20× San Francisco’s area.
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User Ecosystem Growth: Registered users climbed over 20% sequentially, and a strategic tie‑up with Tencent’s Weixin “Mobility Services” will integrate Pony.ai’s Robotaxis into a platform with billions of potential users.
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Global Partnerships & Testing:
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Uber: Middle‑East launch later in 2H ’25, with Uber handling operations and Pony.ai supplying the AV stack.
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ComfortDelGro: Joint pilot in Singapore.
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Europe & Korea: L4 testing permit from Luxembourg’s Ministry of Mobility and Seoul road tests in Gangnam.
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Gen 7 Rollout & Cost Efficiency
Pony.ai’s unveiling of its seventh‑generation autonomous driving system (Gen 7) promises a 70% reduction in bill‑of‑materials cost versus Gen 6, with mass production slated for mid‑2025 and a target fleet of 1,000 vehicles by year‑end. Gen 7 leverages 100% automotive‑grade hardware and modular architecture to boost safety, extend product lifecycle, and drive down per‑unit expenses
Pony.ai (NASDAQ: PONY) delivered first‑quarter 2025 earnings and so far pre-market, the stock is up 5.23%. The quick take on numbers is revenues of US$14.0 million, up 11.6% year‑over‑year, driven by a 200.3% surge in Robotaxi services to US$1.73 million and an ~800% jump in fare‑charging revenues. Robotruck services contributed US$7.78 million (+4.2%) and Licensing & Applications held steady at US$4.47 million . Despite this top‑line growth, Pony.ai’s gross margin contracted to 16.6% from 21.0%, while net loss widened to US$42.99 million (versus US$20.60 million a year ago) and basic & diluted loss per share narrowed to US$0.12 from US$0.23 .
We will get more color when the earnings conference call kicks off at 8 AM eastern, but so far the numbers are received well by investors.
Balance Sheet & Cash Runway
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Liquidity Position: Combined cash, cash equivalents, short‑term investments, restricted cash, and wealth‑management instruments totaled US$738.5 million at March 31, 2025, down from US$825.1 million at year‑end 2024.
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Cash Flow: Operating activities used US$54.2 million; investing used US$93.3 million (primarily in marketable debt securities); financing used US$9.5 million, resulting in a net cash draw of US$156.8 million for the quarter.
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Runway: At this burn rate, Pony.ai has roughly an 18‑month runway before needing additional liquidity.
The post Pony.ai Live Earnings Coverage (May 20th) appeared first on 24/7 Wall St..
