TuSimple Q3 revenue $1.8M, net loss $116M; Driver-Out pilot on track for year end

TuSimple Holdings Inc.

2021-Q3 EPS reported -$4.08 revenue$4,211,000

Revenue $1.8M, up ~3x YoY; net loss from operations $116M; Adjusted EBITDA loss $81M.
R&D expense $85M, G&A $29M; cash & equivalents $1.4B; guidance refined upward for R&D and G&A.
160,000 autonomous miles completed for UPS; 13% fuel savings; Geotab study shows reduced harsh driving events.
Driver-Out pilot progressing; initial Driver-Out runs expected by year end; mapped miles reach 9,900.
Added Michelle Sterling (ex-Qualcomm CHRO) to board; hired Dr. Jing Zhu as SVP Software Engineering.

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