“We are making front-loaded investment to drive our commercialisation at a quicker pace,” said chief financial officer Leo Wang, according to the statement.
(March 26): Pony AI Inc delivered its first profitable quarter ever, bolstered by a windfall from an early investment, rather than its main robotaxi business.
Net income reached US$75.5 million in the three months ended December, helping the full-year loss narrow by 72% to US$76.8 million, according to a company statement on Thursday. Revenue climbed 20% for the year to US$90 million.
