LubberJML
Oct 3, 4:58 PM
$WRD the below graphic shows the darkside post IP trhoug hQ2 2026. What are the upsdies going forward.
1. Guidance for full year profitability in 2029.
2. Guidance for 1st profitable qtr in 2028 (my assumption is that comes in Q4).
3. Guidance for 100K ADAS builds in 2026 (70K left into YE, 35K per qtr).
4. Guidance for 500K ADAS builds for 2027.
5.Guidance for full year 2026 AV of 5,000 (1,600 more by YE per Q2 comments at 800 more taxis and 800 more AV or 400 of each per qtr for Q3 and Q4).
6. 100 Sweeps to hit this year in China on a 3 year P.O.
7. GRAB adds 40 more taxis in next 2 months.
So WeRide has 9 more qtr to get to full year profitability. Revenue will need to ramp each qtr and net losses will need to narrow by
$7MM per qtr to erase the current net loss.
YTD 2026 revenue in not on track bcs Q1 was so small. Q2 picked up. The above numbers suggest YE will track for the required 2026 revenue growth.
They must collect on the A/R issue. That open balance is deadly.
It's doable.
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