U.S.-listed shares of EHang Holdings rise on results beat

EHang Holdings

31/05/2023 12:54

** U.S.-listed shares of aerial vehicle technology platform
EHang Holdings Ltd  EH.O  up 3.8% at $11.2 premarket
    ** Co reports quarterly revenue of $3.2 mln, tops average
analysts' estimates of $1.5 mln - Refintiv IBES
    ** Reports adjusted net loss per ADS of $0.08/share versus
expected average loss of $0.13/share
    ** "As of today, more than 90% of the compliance tests in
the final phase (of EH216-S type certification process with the
Civil Aviation Administration of China) have been completed step
by step" - co
    ** Says its ability to continue as a going concern depends
on when it will obtain type certificate of EH216-S in the near
term to launch fully commercial sales of EH216-S Autonomous
Aerial Vehicles
    ** As of last close, U.S.-listed shares of EH up 25.4% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))