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Stock Movement | Pony.ai drops over 10%, adjusted losses widened last quarter
Xiaoma Zhixing (02026) reported an increased adjusted loss last quarter, causing the stock price to fall temporarily by up to 15.6%, reaching a low of 73.2 yuan.
As of 9:50 a.m., the stock was at 74.05 yuan, down 14.6%, with a turnover of 26.5 million yuan.
The company announced that its adjusted loss for the fourth quarter ending last year widened to 48.64 million yuan, and the loss for the same period in 2024 was 41.11 million yuan. The full-year adjusted loss for last year increased to 179 million yuan, with the same period in 2024 recording a loss of 131 million yuan.
Total revenue for the fourth quarter was 29.125 million yuan, down 17.99% year-on-year, mainly due to the timing of revenue recognition for technology licensing and application projects, partially offset by growth in autonomous driving mobility services and autonomous truck services. Among these, autonomous driving mobility service revenue was 6.657 million yuan, up 1.6 times, with passenger vehicle fare revenue increasing more than fivefold.