Sep. 10 at 1:40 PM
$PONY let’s face it:
This is a company on a sequential decline in a market (Robotaxi) that is growing at 101% CAGR (analyst believe it can capture even more, not sure how they are able to achieve that this year).
It’s now at
$1.5M revenue per quarter (again Robotaxi) which represents 7% of their total revenue. Or
$2.23M YTD.
It has commercial deployments in 4 major cities in China. That’s not going to change this year.
They’ll have a few opportunities to scale up in 2026 (Dubai, Qatar and maybe Hong Kong).
The other business relies on one-off adc hardware deliveries (software attach rates unknown). While low margin Robotruck services seems to be struggling, from what I assume can only be the one big customer (~70% of the volume) they have and partially own.
So what we’re looking at is an estimated ~
$6-7M a year “Robotaxi Services company” valued at
$5.4B.
