EHang Reports Second Quarter 2020 Unaudited Financial Results
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UPDATE: EHang Holdings Ltd. (EH) Tops Q2 EPS by 1c, Revenues Beat
August 25, 2020 6:11 AM EDT(Updated - August 25, 2020 6:11 AM EDT)
EHang Holdings Ltd. (NASDAQ: EH) reported Q2 EPS of ($0.02), $0.01 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $5.1 million versus the consensus estimate of $4.88 million.
Financial and Operational Highlights
Total revenues were RMB35.7 million (US$5.1 million), up 62.7% year over year, driven by significant growth across all revenue streams. Air mobility solutions contributed 63.5% of the total revenues in the second quarter of 2020.Gross margin was 57.6%, a slight decrease of 0.9 percentage point year over year due to change in revenue mix. Gross... More