EHang reports Q3 results; updates full year revenue guidance
- EHang (NASDAQ:EH): Q3 Non-GAAP EPADS of -$0.14; GAAP EPADS of -$0.20.
- Revenue of $2M (-81.0% Y/Y)
- Press Release
- Gross margin was 61.8%, representing a continued high gross margin level and a decrease of 6.2 percentage points from the second quarter of 2021 mainly due to the changes in revenue mix.
- The Company adjusted the annual revenue forecast for 2021 to be between RMB50 million and RMB60 million vs. estimated decline of -27.17% Y/Y.
Earlier this week, SA Quant Rating issued a warning on EH that it is at high risk of performing badly as the stock is overpriced and has inferior profitability when compared to other Industrials stocks.
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Comments (8)
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PauloCostaSilva
02 Dec. 2021
Bought in December 2020 for $18. Sold at ATH around $128 around Feb.
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PauloCostaSilva
02 Dec. 2021
@Schoenbert I kept 20% of the stocks after selling 80% of it at ATH. I didn't wanna get rid of 100% because you never know. I thought the report wouldn't hurt too much after 2-3 days but then I saw the panic and just decided ti unload them all ahahahahah ! Thought I would be back in but, I lost total faith in this company. Happy I did it when I did.
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MisterSommer
02 Dec. 2021
@PauloCostaSilva almost 10x holy molly :) hope it was at least 10K shares....
