earnings
confidence high
sentiment neutral
materiality 0.75
TuSimple Q2 rev $1.5M, CFIUS re-characterizes transaction under review
TuSimple Holdings Inc.
2022-Q2 EPS reported
-$4.15
revenue$2,426,000
- Q2 revenue $1.5M (+5x YoY, +57% QoQ); net loss from ops $121M; adjusted EBITDA -$66M.
- R&D expense $76M (+$54M YoY); SBC $53M (incl $43M IPO-vest); cash $1.5B at quarter end.
- FY 2021 guidance: rev $5-7M; R&D $200-220M (ex SBC); G&A $50-60M (ex SBC); adj EBITDA $(260-280)M.
- Operational: ~4.6M cumulative road miles, ~8,500 mapped AFN miles, ~6,775 truck reservations, Ryder partnership.
- CFIUS now reviewing 2017 acquisition of TuSimple LLC by predecessor; 45-day review pending; outcome uncertain.