RoboSense Technology Shrinks Loss in Q2

MT Newswires Live08-16

RoboSense Technology (HKG:2498) recorded a decline in attributable loss for the three months ended June 30 to 137.4 million yuan from 426.7 million yuan a year prior, a Thursday bourse filing said.

Loss per share was 0.31 yuan in the quarter, down from 4.40 yuan a year prior, according to the technology company.

Revenue rose to 366.1 million yuan during the second quarter from 184.1 million yuan in the corresponding period last year.

For the first half of 2024, attributable loss fell to 269.2 million yuan, or 0.62 yuan per share, from 771.2 million yuan, or 7.94 yuan per share, in H1 2023. Revenue also rose by 121% to 727.1 million yuan from 329 million yuan a year prior.

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