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Hesai Group Sponsored ADR (HSAI)
NASDAQ:HSAI
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.19Last Year’s EPS
-$1.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 25, 2024
|% Change Since: 158.53%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with significant achievements such as surpassing revenue guidance, strong shipment growth, and projected full-year profitability. However, challenges with U.S. government relations and market concentration in China were noted. Overall, the positive developments and projections significantly outweigh the challenges.Company Guidance
In the third quarter of 2024, Hesai Group exceeded its revenue guidance, achieving net revenue of RMB 539.4 million, or USD 76.9 million, and delivering over 134,000 LiDAR units, marking nearly 50% sequential growth for the second consecutive quarter. The company aims for a projected revenue of USD 100 million and an estimated net profit of USD 20 million in the fourth quarter, anticipating full-year profitability on a non-GAAP basis for 2024. The gross margin for the third quarter was approximately 47.7%, bolstered by effective cost management and a flywheel approach to cost and scale optimization. For the fourth quarter, shipments are expected to reach 200,000 units, with a projected gross margin exceeding 40%. Hesai remains optimistic about its significant design wins and expanding global reach, positioning itself as a key player in both the ADAS and autonomous mobility markets.Surpassing Revenue Guidance
Hesai Group surpassed the high end of its revenue guidance for Q3 2024, delivering net revenue of RMB 539.4 million (USD 76.9 million) and maintaining a strong growth trajectory.
Strong LiDAR Shipment Growth
The company delivered over 134,000 LiDAR units in Q3 2024, marking the second consecutive quarter of nearly 50% sequential growth in shipments.
Projected Full Year Profitability
Hesai is projecting full-year profitability on a non-GAAP basis for 2024, aiming to become the first automotive LiDAR company worldwide to achieve this milestone.
New Platform Wins and Collaborations
Secured a new platform win with Leapmotor and a collaboration with a leading EV manufacturer in China, reflecting trust and confidence in Hesai's technology.
Record-Breaking Fourth Quarter Projection
The company expects Q4 net revenues to reach nearly USD 100 million with an estimated net profit of USD 20 million and positive operating cash flow.
Global Expansion
Hesai announced two newly secured development projects with top OEMs in Japan, highlighting growing influence in ADAS and AM markets.
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HSAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HSAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 25, 2024 | $4.75 | $6.86 | +44.42% |
| Aug 19, 2024 | $4.53 | $4.17 | -7.95% |
| May 20, 2024 | $5.26 | $4.53 | -13.88% |
| Mar 11, 2024 | $5.37 | $5.16 | -3.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hesai Group Sponsored ADR (HSAI) report earnings?
Hesai Group Sponsored ADR (HSAI) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Hesai Group Sponsored ADR (HSAI) earnings time?
Hesai Group Sponsored ADR (HSAI) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HSAI EPS forecast?
HSAI EPS forecast for the fiscal quarter 2024 (Q4) is $0.19.
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