Jul. 25 at 1:47 PM
$WRD how Q2 beats on revenue but maybe not on bottom line:
WRD trades like Q2 will be a big miss. Will it?
The PR from July 17 says WeRide " operates a global Level 4 autonomous driving fleet of over 3,000 vehicles."
Q1 reported a fleet of 2800.
So they added >200 AV that's going to be a mix with Slovakia buying the entire lineup but then most likely a majority are taxis.
WeRide said in diff PR the ysold 100 sweeps for delivery by YE. Perhaps these sweeps are part of the >200?
Q2 revenue consensus rev is
$25MM USD.
200+ AV added could be
$10MM -
$15MM depending on mix
Service Rev in Q1 was
$13.5MM
Service Rev for Q2 will be more than
$13.5MM
The above rev adds up to
$24MM-
$25MM
WRD 3.0 will add more rev
So Q2 SHOULD beat top line
WeRide spent had a huge net loss in Q1 thenbought back a lot of shares in Q2.
WeRide said
$3MM in Q1 to expand sales team. Will we see results from that?
Beats top line. ? on bottom line. Gonna be close.
