Hesai Group Third Quarter 2024 Earnings: CN¥0.54 loss per share (vs CN¥1.13 loss in 3Q 2023)

Hesai Group (NASDAQ:HSAI) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥539.4m (up 21% from 3Q 2023).
• Net loss: CN¥70.4m (loss narrowed by 50% from 3Q 2023).
• CN¥0.54 loss per share (improved from CN¥1.13 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hesai Group Earnings Insights

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 59% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Hesai Group you should be aware of.

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