EHang Expects to Report Record Results in Q4 2024, Exceeding Expected Revenue by 20% Investing.com

GUANGZHOU, China, Dec. 30, 2024 (GLOBE NEWSWIRE) — EHang Holdings Limited (EHang or the Company) (Nasdaq: EH ), the world’s leading Urban Air Mobility (UAM) technology platform, today announced preliminary fourth quarter earnings and fiscal for the year ended December 31, 2024, beating previous earnings guidance for the third quarter of 2024.

• In total (EPA:) revenues for the fourth quarter of 2024 It is expected to reach RMB 162 million, an increase of 20% over guidance of RMB 135 million, and an increase of 187% year-over-year from RMB 56.6 million in the fourth quarter of 2023.
• Total revenues for fiscal year 2024 is expected to reach RMB 454 million, up 6% from RMB 427 million guidance, and up 287% year-on-year from RMB 117.4 million in 2023.

The rising performance reflects higher-than-expected market demand for EHang’s flagship EH216-S passenger drone, key operational milestones and growing momentum in the company’s business.

About EHang

EHang (Nasdaq: EH) is the world’s leading urban air mobility (UAM) technology platform. Our mission is to enable safe, autonomous and environmentally friendly air mobility available to everyone. EHang provides unmanned aerial vehicle (UAV) systems and solutions to customers in a variety of industries: aerial mobility (including passenger transport and logistics), smart city management and aerial media solutions. EHang’s flagship product EH216-S has received the world’s first type approval, production certificate and standard certificate of airworthiness for unmanned eVTOL by the Civil Aviation Administration of China. As the forerunner of cutting-edge UAV technologies and commercial solutions in the global UAM industry, EHang continues to explore the boundaries of the sky to bring flying technologies to benefit our lives in smart cities. For more information, visit www.ehang.com.

Safe harbor statement

All financial information in this press release is preliminary and unaudited and does not represent all the information necessary to understand our results of operations for the quarter ended December 31, 2024. Our actual results may differ from preliminary estimates due to the end of normal quarter – end accounting procedures and adjustments , including the completion of our financial closing and other operating procedures, final adjustments and other events that may occur between now and the financial results for the three months ended December 31 2024 are finalized. Our actual financial results and additional details regarding our performance for the fourth quarter ended December 31, 2024 will be provided in accordance with the Company’s standard reporting calendar.

This press release contains statements that may constitute forward-looking statements under the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as are will, expects, predicts, aims, future, intends, plans, believes, estimates, probably will and similar statements. Statements that are not historical facts, including statements about management’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those relating to certifications, our expectations regarding demand for and market acceptance of our products and solutions, and commercialization of the UAM Service, our relationships with strategic partners, and current and potential litigation involving us. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. Although they believe that these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management’s control. These statements involve risks and uncertainties that could cause EHang’s actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in these forward-looking statements.

Contact for investors: ir@ehang.com

Media contact: pr@ehang.com