Pony AI Q4: Revenue Slumps Nearly 30% As Robotaxi Sales Decline, Loss Widens

Pony AI Inc. (NASDAQ:PONY) shares traded lower premarket on Tuesday after the company disclosed fourth-quarter results.

Sales declined 29.8% year over year to $35.52 million, owing to the timing of project-based revenue recognition.

Robotaxi services revenue dipped 61.9% Y/Y to $2.6 million in the fourth quarter due to lower service fees from providing autonomous vehicle engineering solutions.

Meanwhile, Robotruck services revenue surged 72.7% Y/Y to $12.9 million aided by the growth of robotruck fleet operations into new geographies.

Gross profit fell 56.5% Y/Y to $7.5 million, with margin contraction to 21.0% ...