EHang Expects to Report Record Fourth Quarter 2024 Results, Beating Revenue Guidance by 20%
EHang Holdings (Nasdaq: EH) announced preliminary Q4 2024 revenues expected to reach RMB162 million, surpassing guidance by 20% and showing a 187% year-over-year increase from Q4 2023's RMB56.6 million. The company's fiscal year 2024 revenues are projected to hit RMB454 million, exceeding guidance by 6% and marking a 287% increase from 2023's RMB117.4 million.
The strong performance is attributed to heightened market demand for their EH216-S pilotless passenger-carrying aerial vehicles, achievement of key operational milestones, and growing business momentum.
EHang Holdings (Nasdaq: EH) ha annunciato che i ricavi preliminari per il Q4 2024 sono previsti raggiungere RMB162 milioni, superando le previsioni del 20% e mostrando un incremento del 187% rispetto ai RMB56,6 milioni del Q4 2023. I ricavi dell'anno fiscale 2024 dell'azienda sono previsti a RMB454 milioni, superando le previsioni del 6% e segnando un aumento del 287% rispetto ai RMB117,4 milioni del 2023.
Le alte performance sono attribuite all'aumento della domanda di mercato per i loro EH216-S veicoli aerei senza pilota, al raggiungimento di traguardi operativi chiave e alla crescente dinamicità del business.
EHang Holdings (Nasdaq: EH) anunció que se espera que los ingresos preliminares para el Q4 2024 alcancen RMB162 millones, superando la guía en un 20% y mostrando un incremento del 187% en comparación con los RMB56,6 millones del Q4 2023. Se proyecta que los ingresos para el año fiscal 2024 de la compañía lleguen a RMB454 millones, excediendo la guía en un 6% y marcando un aumento del 287% respecto a los RMB117,4 millones de 2023.
El sólido desempeño se atribuye a la mayor demanda del mercado por sus vehículos aéreos tripulados sin piloto EH216-S, la consecución de hitos operativos clave y el creciente impulso empresarial.
EHang Holdings (Nasdaq: EH)는 2024년 4분기 예상 매출이 RMB162 백만에 이를 것으로 보이며, 이는 가이던스를 20% 초과하고 2023년 4분기의 RMB56.6 백만에 비해 187% 증가한 수치입니다. 회사의 2024 회계연도 매출은 RMB454 백만에 이를 것으로 예상되며, 이는 가이던스를 6% 초과하고 2023년의 RMB117.4 백만에 비해 287% 증가한 것입니다.
이러한 강력한 성과는 EH216-S 무인 승객 운송 항공기에 대한 시장 수요 증가, 주요 운영 이정표 달성 및 사업 모멘텀 증가에 기인하고 있습니다.
EHang Holdings (Nasdaq: EH) a annoncé que les revenus préliminaires pour le Q4 2024 devraient atteindre RMB162 millions, dépassant les prévisions de 20% et affichant une augmentation de 187% par rapport aux RMB56,6 millions du Q4 2023. Les revenus de l'exercice fiscal 2024 de l'entreprise devraient atteindre RMB454 millions, dépassant les prévisions de 6% et marquant une augmentation de 287% par rapport aux RMB117,4 millions de 2023.
Cette forte performance est attribuée à une demande accrue sur le marché pour leurs véhicules aériens transportant des passagers sans pilote EH216-S, à l'atteinte d'étapes opérationnelles clés et à une dynamique commerciale croissante.
EHang Holdings (Nasdaq: EH) gab bekannt, dass die vorläufigen Einnahmen für das Q4 2024 voraussichtlich RMB162 Millionen erreichen werden, was die Guidance um 20% übertrifft und einen Anstieg von 187% im Vergleich zu RMB56,6 Millionen im Q4 2023 zeigt. Die Einnahmen des Unternehmens für das Geschäftsjahr 2024 werden auf RMB454 Millionen geschätzt, was die Guidance um 6% übersteigt und einen Anstieg von 287% im Vergleich zu RMB117,4 Millionen im Jahr 2023 bedeutet.
Die starke Leistung wird auf die gestiegene Marktnachfrage nach ihren EH216-S pilotenlosen Passagierfluggeräten, die Erreichung wichtiger operationeller Meilensteine und das wachsende Geschäftsdynamik zurückgeführt.
- Q4 2024 revenue expected at RMB162M, beating guidance by 20%
- 187% year-over-year revenue growth in Q4 2024
- FY 2024 revenue projected at RMB454M, exceeding guidance by 6%
- 287% year-over-year revenue growth for FY 2024
- Strong market demand for EH216-S vehicles
- None.
Insights
This performance signals a important inflection point in EHang's commercialization phase, particularly noteworthy for a company in the emerging UAM sector. The
Looking at the broader financial implications, this growth trajectory could significantly improve EHang's cash position and reduce the need for additional capital raising, a critical factor for investors considering the capital-intensive nature of the aviation industry. The current market cap of
The revenue outperformance marks a significant milestone in the UAM industry's commercialization journey. EHang's success in delivering the EH216-S demonstrates the technical and regulatory viability of autonomous aerial vehicles in commercial applications. This achievement validates the company's technological approach and regulatory compliance strategy.
From a competitive standpoint, EHang's strong market performance positions them advantageously against other UAM players still in the certification phase. The revenue growth indicates successful technology deployment and market acceptance, critical factors in the nascent eVTOL industry. The demand surge suggests that their autonomous flight technology has reached a maturity level suitable for commercial operations, potentially establishing industry benchmarks for safety and reliability.
GUANGZHOU, China, Dec. 30, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced the preliminary revenues for the fourth quarter and fiscal year ended December 31, 2024, beating the previous revenue guidance in the earnings release for the third quarter of 2024.
- Total revenues for the fourth quarter 2024 are expected to reach RMB162 million, representing an increase of
20% from the guidance of RMB135 million, and a year-over-year increase of187% from RMB56.6 million in the fourth quarter of 2023. - Total revenues for the fiscal year 2024 are expected to reach RMB454 million, representing an increase of
6% from the guidance of RMB427 million, and a year-over-year increase of287% from RMB117.4 million in 2023.
The upward performance reflects stronger-than-expected market demand for EHang’s flagship EH216-S pilotless passenger-carrying aerial vehicles, key operational milestones, and growing momentum in the Company’s business.
About EHang
EHang (Nasdaq: EH) is the world’s leading urban air mobility (“UAM”) technology platform company. Our mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone. EHang provides customers in various industries with unmanned aerial vehicle (“UAV”) systems and solutions: air mobility (including passenger transportation and logistics), smart city management, and aerial media solutions. EHang’s flagship product EH216-S has obtained the world’s first type certificate, production certificate and standard airworthiness certificate for pilotless eVTOL issued by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to make flying technologies benefit our life in smart cities. For more information, please visit www.ehang.com.
Safe Harbor Statement
All financial data in this release are preliminary and unaudited and do not present all information necessary for an understanding of our results of operations for the quarter ended December 31, 2024. Our actual results may differ from the preliminary estimates due to the completion of normal quarter-end accounting procedures and adjustments, including the completion of our financial closing and other operational procedures, final adjustments, and other developments that may arise between now and the time the financial results for the three months ended December 31, 2024 are finalized. Our actual financial results and additional details regarding our performance for the fourth quarter ended December 31, 2024 will be provided in accordance with the Company’s standard reporting calendar.
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for, and market acceptance of, our products and solutions and the commercialization of UAM services, our relationships with strategic partners, and current litigation and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that may cause EHang’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements.
Investor Contact: ir@ehang.com
Media Contact: pr@ehang.com
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