TuSimple achieves first Driver Out semi-truck runs; Q4 revenue $2M (+178% YoY); FY22 rev guidance $9-11M

TuSimple Holdings Inc.

2021-FY EPS reported -$4.36 revenue$6,261,000

Completed world's first fully driverless semi-truck runs on open public roads (7 runs, 550+ miles, no human onboard).
Q4 2021 revenue $2M (+178% YoY); full year revenue $6M (+240% YoY). Net loss from ops $116M in Q4.
FY 2022 guidance: revenue $9-11M, Adj. EBITDA loss $400-420M, ending cash ~$900M.
Cumulative AFN-mapped miles 11,200; revenue miles 1,017k; truck reservations 6,975.
R&D expense $82M in Q4, up >$50M YoY; ended year with >$1.3B cash.

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