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Complete financial analysis of Hesai Group (HSAI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hesai Group, a leading company in the Auto – Parts industry within the Consumer Cyclical sector.
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Hesai Group (HSAI)
About Hesai Group
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is based in Shanghai, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 1.88B | 1.20B | 720.77M | 415.51M | 348.08M |
| Cost of Revenue | 1.22B | 730.68M | 338.97M | 176.60M | 103.38M |
| Gross Profit | 661.38M | 471.99M | 381.80M | 238.91M | 244.71M |
| Gross Profit Ratio | 35.24% | 39.24% | 52.97% | 57.50% | 70.30% |
| Research & Development | 790.55M | 555.18M | 368.44M | 229.65M | 149.82M |
| General & Administrative | 320.14M | 201.01M | 236.71M | 76.55M | 55.11M |
| Selling & Marketing | 148.80M | 104.84M | 69.27M | 49.90M | 38.74M |
| SG&A | 468.94M | 305.84M | 305.98M | 126.46M | 93.85M |
| Other Expenses | -26.52M | -10.82M | -27.33M | -15.38M | -11.01M |
| Operating Expenses | 1.23B | 850.20M | 647.08M | 340.73M | 232.66M |
| Cost & Expenses | 2.45B | 1.58B | 986.05M | 517.33M | 336.04M |
| Interest Income | 99.81M | 58.73M | 32.58M | 20.93M | 19.11M |
| Interest Expense | 3.07M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 86.27M | 53.63M | 28.23M | 19.22M | 9.72M |
| EBITDA | -385.93M | -247.15M | -217.63M | -82.60M | 21.77M |
| EBITDA Ratio | -20.56% | -33.18% | -31.05% | -13.69% | 49.49% |
| Operating Income | -571.59M | -378.22M | -265.29M | -101.81M | 162.53M |
| Operating Income Ratio | -30.45% | -31.45% | -36.81% | -24.50% | 46.69% |
| Total Other Income/Expenses | 96.28M | 77.39M | 19.34M | -5.60M | 28.76M |
| Income Before Tax | -475.31M | -300.83M | -245.94M | -107.42M | -119.29M |
| Income Before Tax Ratio | -25.32% | -25.01% | -34.12% | -25.85% | -34.27% |
| Income Tax Expense | 658.00K | -66.00K | -1.12M | -199.00K | 930.00K |
| Net Income | -475.97M | -300.77M | -244.83M | -107.22M | -120.22M |
| Net Income Ratio | -25.36% | -25.01% | -33.97% | -25.80% | -34.54% |
| EPS | -3.81 | -2.40 | -1.95 | -0.85 | -0.96 |
| EPS Diluted | -3.81 | -2.40 | -1.95 | -0.85 | -0.96 |
| Weighted Avg Shares Out | 124.78M | 125.53M | 125.53M | 125.53M | 125.53M |
| Weighted Avg Shares Out (Dil) | 124.78M | 125.53M | 125.53M | 125.53M | 125.53M |
Hesai's Lidars Get Top Marks for Data Security
PALO ALTO, Calif. , Nov. 6, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI), the global leader in automotive lidar solutions, announced today that its two flagship products -- Pandar128 robotaxi lidar and AT128 ADAS lidar for passenger cars – which...
Hesai Announces Automotive Lidar Design Win with Leapmotor for Its New Series Production Vehicle
PALO ALTO, Calif. , Nov. 3, 2023 /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI) announced an automotive lidar design win with leading Chinese electric vehicle maker Leapmotor.
Hesai's Pandar128 Becomes the World's First Lidar to Obtain ISO/SAE 21434 Cybersecurity Certification
PALO ALTO, Calif. , Oct. 31, 2023 /PRNewswire/ -- Hesai Technology (Nasdaq: HSAI) has just announced its high-performance lidar Pandar128, designed for L4 autonomous mobility applications, has received ISO/SAE 21434 cybersecurity product certification from the renowned international certification institution TÜV...
Ouster Continues its Patent Case Against Hesai in District Court and Seeks to Bar Infringing Products in the United States
SAN FRANCISCO--(BUSINESS WIRE)---- $OUST--Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors, issued the following statement today relating to the Company's complaint filed with the U.S International Trade Commission (“ITC”) and the investigation into...
International Trade Commission Confirms to Terminate Patent Infringement Investigation Brought by Ouster Against Hesai
Hesai Statement Correcting Misleading and False Allegations about the Company Hesai Statement Correcting Misleading and False Allegations about the Company
Hesai Group to Report Third Quarter 2023 Financial Results on Monday, November 13, 2023
SHANGHAI, China, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai,” “Hesai Technology” or the “Company”) (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced that it will report its third quarter 2023 unaudited...
Hesai Announces ADAS Lidar Design Win with Neta Auto's New Series Production Vehicle
PALO ALTO, Calif. , Oct. 10, 2023 /PRNewswire/ -- Today, Hesai Technology (Nasdaq: HSAI) announced an ADAS lidar design win with Neta Auto's new series production vehicle.
Hesai Announces World's First Production Design Win for In-Cabin Lidar with Leading Automotive OEM
PALO ALTO, Calif. , Sept. 22, 2023 /PRNewswire/ -- Today, Hesai Technology (NASDAQ:HSAI), a global leader in lidar solutions for ADAS and autonomous mobility, announced a new design win with FAW Group, one of the largest automotive OEMs in China, for...
Hesai Statement Correcting Recent Misinformation in the Market
PALO ALTO, Calif., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”) (NASDAQ: “HSAI”), the global leader in three-dimensional light detection and ranging (“lidar”) solutions, in response to recent inaccurate and misleading information in the market, issued...
Hesai (HSAI) & Webasto Join Forces for Lidar Integration
The collaboration between Hesai (HSAI) and Webasto marks a significant step forward in the integration of lidar technology in ADAS.
Source: https://incomestatements.info
Category: Stock Reports