EHang Expects to Report Record Fourth Quarter 2024 Results, Beating Revenue Guidance by 20%
EHang Holdings Limited - ADS (EH)
Company Research
Source: GlobeNewswire
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 of 187% 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 of 287% 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 ope
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