Talha Qureshi
2 min read
In This Article:
On May 26, Chinese UAV company EHang Holdings Limited (NASDAQ:EH) released its unaudited results for Q1 2025. The company reported quarterly revenue of RMB26.1 million, reflecting a 57% decrease year-over-year.
The quarterly net loss also widened from RMB63.4 million in Q1 2024 to RMB78.4 million in Q1 2025. Despite the decline in revenue, the gross margins improved 0.5% from 61.9% a year ago to 62.4% in the latest quarter.
A drone taking off from a commercial warehouse, representing the company's custom manufacturing capabilities.
Conor Yang, Chief Financial Officer of EHang Holdings Limited (NASDAQ:EH) attributed revenue decline to the timing of customer procurement plans and expressed his confidence in a better second quarter driven by a ramp-up in sales and deliveries.
The fiscal first quarter of 2025 was a defining one for the company as in March 2025, its EH216-S operators received the first Air Operator Certificates (AOCs) from the Civil Aviation Administration of China (CAAC). This essentially authorizes the company to operate commercial human-carrying pilotless eVTOL flight services in China. Moreover, its next-gen VT35 is also progressing through the certification process by CAAC and will expand its portfolio beyond the EH216 series in urban air mobility.
EHang Holdings Limited (NASDAQ:EH) also maintained its revenue guidance of achieving RMB900 million for fiscal 2025.
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