Why Pony AI Trounced the Market on Tuesday With a Nearly 6% Gain
The U.S.-listed equity of Chinese autonomous-vehicle developer Pony AI (NASDAQ: PONY) accelerated well higher on Tuesday. Following the company's unveiling of its latest quarterly results, investors in this country sent its American depositary receipts (ADRs) almost 6% higher. That was miles ahead of the S&P 500 index's 0.4% decline.In its first quarter, Pony AI collected a bit under $14 million in revenue, up by nearly 12% from the slightly more than $12.5 million in the same period of 2024. Its adjusted net loss deepened to almost $34 million, against the $25.4 million deficit in the year-ago quarter. Thanks to a much higher ADR count, however, the net loss per ADR narrowed considerably, to $0.10 from $0.28. Image source: Getty Images.Continue reading
The U.S.-listed equity of Chinese autonomous-vehicle developer Pony AI (NASDAQ: PONY) accelerated well higher on Tuesday. Following the company's unveiling of its latest quarterly results, investors in this country sent its American depositary receipts (ADRs) almost 6% higher. That was miles ahead of the S&P 500 index's 0.4% decline.
In its first quarter, Pony AI collected a bit under $14 million in revenue, up by nearly 12% from the slightly more than $12.5 million in the same period of 2024. Its adjusted net loss deepened to almost $34 million, against the $25.4 million deficit in the year-ago quarter. Thanks to a much higher ADR count, however, the net loss per ADR narrowed considerably, to $0.10 from $0.28.
Image source: Getty Images.
