EHang Holdings Ltd. (NASDAQ:EH) reported mixed second-quarter results Tuesday. The company posted an adjusted loss of 12 cents per share. That was narrower than the consensus estimate of a 15-cent loss.
Revenue Misses Estimates
Revenue fell 31.3% year over year to $11.48 million, missing the $16.62 million consensus estimate.
EHang sold and delivered 36 electric vertical takeoff and landing aircraft during the quarter. The total included 35 EH216 series aircraft and one VT35.
Gross margin narrowed to 61.2% from 61.5% a year earlier. EHang reported an adjusted operating loss of $9.1 million and an adjusted net loss of $8.6 million.
