Robosense Technology Expects 2024 Loss to Shrink Up To 90%

MT Newswires Live02-25

Robosense Technology (HKG:2498) expects a net loss attributable to the owners of about 430 million yuan to 520 million yuan for the year ended Dec. 31, 2024, a reduction of about 88% to 90% compared with the corresponding period of the previous year, according to a Monday filing with the Hong Kong Bourse.

The company attributed the reduction in loss to the company's improved gross margins for LiDAR products, lower share-based compensation, and reduced fair value changes in financial instruments.

The producers of LiDar products plan to publish their annual results by the end of March.

The company's shares were up over 2% at the close of trade.

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