Core Insights - Pony AI's second-quarter earnings report met high expectations but resulted in a nearly 4% decline in stock price due to solid yet unimpressive performance [1] Financial Performance - Revenue increased by 76% year over year to just under $21.5 million, primarily driven by a more than tenfold rise in licensing and applications revenue, which reached $10.4 million compared to slightly over $1 million in the same quarter of 2024 [2] - Net loss widened to slightly over $46 million ($0.13 per share) on a non-GAAP basis, compared to a deficit of $30 million in the previous year [3] Operational Updates - Since the launch of mass production of robotaxis two months ago, over 200 Gen-7 models equipped with Pony AI technology have been produced, keeping the company on track to meet its target of 1,000 units by the end of the year [4]
Why Investors Slammed the Brakes on Pony AI Stock Today