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Pony.ai FY2024 Revenue Hits Record High After 3-Yrs Growth

1. Pony.ai reported FY2024 revenue of $75 million, up 4.3%. 2. Robotaxi service revenue increased to $7.3 million from tier-1 city expansion. 3. R&D expenses rose 14% supporting Gen-7 robotaxi development. 4. Company holds $825.1 million in cash and equivalents for scaling. 5. Three Gen-7 models to debut in 2025, enhancing market competitiveness.

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Why Bullish?

The 4.3% revenue growth suggests a positive trajectory for PONY's financials, similar to prior successful product launches leading to short-term spikes.

How important is it?

The article outlines significant revenue growth and strategic partnerships that could positively impact investor sentiment.

Why Short Term?

Near-term product deployments and sales can quickly influence stock prices, as seen in tech rollouts.

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TSLANIOLI
, /PRNewswire/ -- On March 25th, Pony.ai (Nasdaq: PONY) announces unaudited Q4 and FY2024 financial results. FY total revenue rose to US$75.0 million, up 4.3% from FY2023, largest L4 autonomous mobility company in China by revenue. FY robotaxi service revenue was US$7.3 million, driven by service expansion in tier-1 Chinese cities. Co. expects growth to continue, supported by Gen-7 models deployment. Non-GAAP R&D expenses rose 14% vs 2023 to support Gen-7 robotaxi R&D. Cash and cash equivalents, short-term investments and restricted cash, and long-term debt instruments for wealth management were US$825.1 million as of end-2024. Ample funding to facilitate robotaxi scaling. Firmly promotes "robotaxi first, China first, tier-1 cities first" strategy. Join hands with GAC Aion/BAIC BJEV in Q4 for robotaxi R&D, mass production. To debut 3 Gen-7 robotaxi models in cooperation with Toyota, GAC, BAIC in 2025. PonyWorld, the key tech behind co.'s Virtual Driver capabilities helped improve safety record by 16X; Reduce commercial insurance cost per vehicle to <50% of traditional taxis. CEO James Peng: Eager to execute our mass production roadmap, accelerate beyond the inflection point of scaled commercialization, and build a world where autonomous mobility is safer, more efficient, and accessible than ever before. Learn more: Pony AI Inc. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results Media Contact: [email protected] SOURCE Pony.ai WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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