- EHang Holdings Ltd (NASDAQ:EH) reported fourth-quarter FY21 revenues of RMB8.7 million ($1.4 million), compared with RMB13 million in 3Q21 and RMB54.6 million in 4Q20.
- The gross margin was 60.1%, compared with 61.8% in Q3. The decrease reflects changes in the revenue mix.
- Adjusted loss per ADS was $(0.22) or RMB(1.46) compared to RMB(0.20) a year ago.
- Adjusted operating loss was RMB(83.8) million or $(13.1) million, compared with RMB(48.9) million in Q3 and RMB(10.64) million a year ago.
- The company held cash and equivalents of RMB312.1 million ($49 million) as of December 31, 2021.
- Sales and deliveries of the EH216 AAVs were 4 units, compared with 8 units in Q3.
- The company noted that under the 100 Air Mobility Routes Initiative, over 4,000 operational trial flights of the EH216 have been conducted in practical scenarios at 9 operation spots to date.
- FY22 Outlook: EHang expects revenue of RMB190 million - RMB210 million.
- Price Action: EH shares traded lower by 0.96% at $12.44 on the last check Tuesday.
