Hesai Group (NASDAQ:HSAI) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
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Hesai Group Third Quarter 2024 Earnings: CN¥0.54 Loss per Share (Vs CN¥1.13 Loss in 3Q 2023)
Hesai's Q3 revenue soared, and the stock price skyrocketed by 40% in one day! The price of core products will be halved next year!
Lidar manufacturer Hesai Technology believes that in the future, the prevalence of their core products in electric vehicles could be comparable to that of airbags, and their third-quarter report also proves that this is not mere rhetoric.
Turning point of profitability is approaching! Hesai (HSAI.US) performance greatly exceeds expectations, closing up 44% on the first trading day after the results.
In recent years, the capital markets have become more prudent. The market has placed higher demands on companies' profitability and long-term development. Against this background, whether enterprises can completely rely on their own strength to "continue their lives" and even achieve profitability without external funding has become a critical issue facing their development. Taking the global smart automobile industry chain as an example, although many star companies have emerged, the number of companies that have achieved profitability is not many. Especially in the field of lidar, Yole Intelligence pointed out in the "2024 Global Lidar Market Report" that many companies are facing funding challenges.
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Profit is imminent, revenue exceeds expectations, how impressive is the third-quarter report of HSAI.US (HSAI.US)?
Hesai's core financial data has consistently exceeded market expectations, and we believe it will continue to seize the market opportunities and deliver stronger performance to meet the expectations of the market and investors.
U.S. Stock Outlook | All three equity index futures are rising, and the Federal Reserve's minutes from the November mmf policy meeting will be released soon.
On November 26 (Tuesday) pre-market trading, the three major equity index futures of US stocks all rose together.
Hesai Group Sees Strong Growth in Lidar Market
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Hesai Technology reported a net loss of 0.249 billion yuan in the first three quarters and expects to achieve profitability in Q4 and for the entire year.
① In the first three quarters, Hesai Technology's total lidar delivery volume was 0.2798 million units; ② Hesai Technology appointed Andrew Fan as the company's chief financial officer, effective from November 25, 2024; ③ It is expected that the lidar shipment volume in the fourth quarter will reach 0.2 million units, achieving quarterly revenue of 0.1 billion dollars and a profit of 20 million dollars, as well as achieving overall profitability for the year.
Hesai Group's Strong Q3 2024 Performance and Outlook