EHang Holdings (EH, Financial) saw its stock price rise by over 6%, reaching $15.88. The increase follows the company's announcement that its delivery numbers have exceeded expectations. EHang recently released its third-quarter financial report for 2024, showing a total revenue of 292 million yuan for the first three quarters.
The EH216 series aircraft achieved a cumulative delivery of 138 units this year, with 63 units delivered in the third quarter alone. The company reported a total revenue of 128 million yuan for the third quarter, marking a record high for quarterly revenue. EHang also achieved an adjusted net profit of 15.7 million yuan, maintaining adjusted quarterly profitability for two consecutive quarters and positive operating cash flow for four quarters in a row.
