Financial Data and Key Metrics Changes - The company reported $2.7 million in revenue for Q3 2022, representing a 49% year-over-year increase and a 4% sequential increase, driven by higher revenue from a larger fleet and improved utilization [36] - The loss from operations was $120 million, up 3% year-over-year and up 8% sequentially, while the adjusted EBITDA loss was $94 million, up 16% year-over-year and up 13% sequentially [41][42] - Cash, cash equivalents, and short-term investments totaled approximately $1.07 billion, down 8% sequentially [42] Business Line Data and Key Metrics Changes - The truck reservation count remained steady at 7,500 trucks, with a new order of 100 trucks received after the quarter closed [35] - The company is focused on reducing cost per mile by upgrading its fleet to a uniform hardware platform, which is expected to enhance reliability and reduce operational costs [27][28] Market Data and Key Metrics Changes - The company is concentrating on the Texas Triangle for its operations, which is seen as a critical market for commercialization, allowing for lane density and operational efficiency [95] Company Strategy and Development Direction - The company aims to achieve initial commercialization in 2023, with a focus on safety, transparency, and accountability [18][20] - A partnership with multiple independent auditors will be established to verify safety processes and technology, leading the industry in safety standards [21] - The strategy remains unchanged despite recent leadership changes, with confidence in achieving set milestones [48][49] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges faced due to recent events but expresses confidence in the company's direction and strategy [18][44] - The focus will be on building a reliable, low-cost freight capacity while enhancing safety and efficiency [18][20] Other Important Information - A leadership transition occurred with the removal of the former CEO, Xiaodi Hou, due to a loss of trust and confidence in his judgment [10][14] - The company is undergoing an internal investigation related to the sharing of confidential information without proper agreements [12][13] Q&A Session Summary Question: Confidence in moving the company forward - Management reassured that commercialization plans remain unchanged and milestones will be updated in the coming months [48] Question: Performance of upgraded trucks - The first upgraded truck has not yet been tested on the road, but improvements in reliability are expected due to upgraded components [51] Question: Supply chain readiness for upgrades - Management confirmed that there are no significant supply chain issues anticipated for the upgrades [56] Question: Talent retention during transitions - The company is focused on retaining talent and maintaining a stable workforce during this period [66] Question: Timeline for the removal of support vehicles - The removal of support vehicles is expected to occur in parallel with hardware upgrades, with both milestones targeted for 2023 [92] Question: Customer reactions to organizational changes - Active conversations with key partners have been ongoing, and the strategy remains unchanged, minimizing potential disruptions [86]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40326 TuSimple Holdings Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation ...

TuSimple Holdings, Inc. (TSP) Q2 2022 Results - Earnings Call 2022-08-03 07:48:05 TuSimple Holdings, Inc. (NASDAQ:TSP) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Ryan Amerman - Senior Director of Investor Relations Xiaodi Hou - Co-Founder and CEO Eric Tapia - Interim Chief Financial Officer Conference Call Participants Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Ken Hoexter - Bank of America Colin Rusch - Oppenheimer Todd Fowler - KeyBanc Capital Markets B ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40326 TuSimple Holdings Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to______ Commission file number 001-40326 TuSimple Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 86-2341575 (State or other jurisdiction ...

Hey, and welcome to the TuSimple fourth quarter 2021 earnings conference call. All participants are now in a listen-only mode. Later, we will conduct a question and answer session, and instructions will follow at that time. Keep in mind that this call is being recorded, and there will be a replay available at ir.tusimple.com following this call. I would now like to turn the conference over to James Mann, head of investor relations for TuSimple. Mr. Mann, please go ahead. Thank you, Lateef. Good afternoon, e ...

Operational Achievements - TuSimple has achieved approximately 5.4 million cumulative road miles driven by its autonomous fleet, with 945,000 revenue miles recorded during the three months ended September 30, 2021[105]. - As of September 30, 2021, TuSimple has received 6,875 reservations for its purpose-built L4 autonomous semi-trucks, indicating significant interest from potential users[105]. - The company has mapped approximately 9,900 miles of high-definition digital routes as of September 30, 2021, which supports the expansion of its Autonomous Freight Network (AFN)[105]. - TuSimple is progressing towards the launch of its Driver-Out Pilot Program, with expected on-road validation runs beginning by year-end 2021[104]. Financial Performance - Revenue for the three months ended September 30, 2021, increased by $1.2 million, or 206%, to $1.8 million compared to $0.6 million for the same period in 2020[123]. - Revenue for the nine months ended September 30, 2021, increased by $3.1 million, or 281%, to $4.2 million compared to $1.1 million for the same period in 2020[124]. - Cost of revenue for the three months ended September 30, 2021, increased by $2.2 million, or 162%, to $3.5 million compared to $1.3 million for the same period in 2020[126]. - Cost of revenue for the nine months ended September 30, 2021, increased by $5.8 million, or 195%, to $8.7 million compared to $3.0 million for the same period in 2020[127]. Research and Development - Research and development costs are expected to increase as TuSimple invests in scaling its AFN and expanding its technical workforce, which accounted for approximately 77% of its total employees as of September 30, 2021[106]. - Research and development expenses for the three months ended September 30, 2021, increased by $24.5 million, or 41%, to $84.5 million compared to $60.0 million for the same period in 2020[130]. - Research and development expenses for the nine months ended September 30, 2021, increased by $104.6 million, or 104%, to $204.8 million compared to $100.2 million for the same period in 2020[131]. Operating Expenses - Sales and marketing expenses for the three months ended September 30, 2021, increased by $0.4 million, or 98%, to $0.9 million compared to $0.5 million for the same period in 2020[133]. - Sales and marketing expenses for the nine months ended September 30, 2021, increased by $1.5 million, or 131%, to $2.6 million compared to $1.1 million for the same period in 2020[134]. - General and administrative expenses for the three months ended September 30, 2021, increased by $13.6 million, or 89%, to $28.8 million compared to $15.3 million for the same period in 2020[137]. - General and administrative expenses for the nine months ended September 30, 2021, increased by $56.3 million, or 207%, to $83.5 million compared to $27.2 million for the same period in 2020[136]. Cash Flow and Financing - Net cash used in operating activities increased from $64.8 million in the nine months ended September 30, 2020, to $186.4 million in the same period in 2021[149]. - Net cash provided by financing activities increased from $73.6 million in the nine months ended September 30, 2020, to $1.3 billion in the same period in 2021, primarily due to net proceeds from the IPO[151]. - As of September 30, 2021, the company had $1.4 billion in cash and cash equivalents, excluding restricted cash of $1.5 million[145]. - The company may seek additional equity and/or debt financing, which could dilute existing stockholders' ownership[146]. Future Outlook - TuSimple expects to improve gross margins as more users are added to its AFN and as economies of scale are achieved, with a focus on lowering operational costs[105]. - The company aims to enhance operating efficiency across its business, anticipating increased utilization rates of its network, terminals, routes, and semi-trucks[107]. - TuSimple plans to increase investments in sales, general, and administrative activities to support its growth, including hiring additional personnel and expanding facilities[108]. - Future capital requirements will depend on growth rates, user retention, and spending to support the development of L4 autonomous semi-trucks and AFN[146]. - Future minimum lease payments at September 30, 2021, were $5.3 million for capital leases and $45.3 million for operating leases[152].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40326 TuSimple Holdings Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 86-2341575 (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40326 TuSimple Holdings Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 86-2341575 (State or other jurisdict ...