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PONY Announcement: If You Have Suffered Losses in Pony AI Inc. (NASDAQ: PONY), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
PONYPony Ai(PONY) GlobeNewswire News Room·2025-03-29 02:42

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Pony AI Inc. due to allegations of materially misleading business information issued by the company [1]. Financial Performance - Pony AI reported unaudited financial results for the quarter and full year ended December 31, 2024, with total revenue of 35.5millioninQ42024,adecreaseof29.835.5 million in Q4 2024, a decrease of 29.8% from 50.6 million in Q4 2023, primarily influenced by the timing of project-based revenue recognition [3]. - The company's robotaxi services revenue fell to 2.6millioninQ42024,representingadecreaseof61.92.6 million in Q4 2024, representing a decrease of 61.9% from 6.7 million in Q4 2023, driven by reduced service fees from autonomous vehicle engineering solutions [3]. Market Reaction - Following the announcement of the financial results, Pony AI's American Depositary Shares (ADSs) dropped by 1.07perADS,or8.11.07 per ADS, or 8.1%, closing at 12.14 per ADS on March 25, 2025 [3]. Legal Action - Investors who purchased Pony AI securities may be entitled to compensation through a class action lawsuit being prepared by Rosen Law Firm, which operates on a contingency fee basis [2]. - Interested investors can join the class action by submitting a form or contacting the law firm directly [2]. Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest ever against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].