Home / China News / News detail

RoboSense's revenue surges 91.5% YoY in Q1-Q3 2024

Gabriella From Gasgoo| December 02 , 2024 18:33 BJT

Beijing (Gasgoo)- LiDAR solution provider RoboSense released its unaudited financial results for the nine months ending September 30, 2024, reporting robust growth across key metrics.  

RoboSense's revenue surges 91.5% YoY in Q1-Q3 2024

The group achieved a total revenue of 1.13 billion yuan in the first three quarters of this year, representing a 91.5% year-on-year soar and surpassing its full-year revenue for 2023. Revenue from LiDAR products for ADAS applications shot up 190.5% from the previous year to 940 million yuan, reflecting strong market demand.  

RoboSense's gross profit for the first three quarters of this year reached 170 million yuan, marking a 375.4% surge compared to the same period in 2023. In the third quarter (Q3) alone, the company's gross profit zoomed up 210.2% year over year to 71.21 million yuan. The group's gross profit margin also improved steadily, rising from 12.3% in Q1 2024 to 17.5% in Q3, driven by better cost control and economies of scale.  

In the first three quarters of this year, RoboSense delivered 381,900 units of LiDAR products, indicating a 259.6% year-on-year growth. Of these, 365,800 units were for ADAS applications, up (+292.9% YoY). The group's cumulative LiDAR deliveries had surpassed 720,000 units by the end of Q3.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com