OTC$TSPH
TuSimple Holdings Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
TuSimple's Q1 2021 results were shared for the first time as a publicly traded company, highlighting progress in technology development, ecosystem partnerships, and Autonomous Freight Network expansion.
TuSimple reported Q1 2021 revenue of $944,000, a ~4x increase year-over-year. The company increased its R&D headcount to 821 and its global headcount to 978. TuSimple also increased its issued patents to 280 and drove ~3.7 million road miles. The company's cash position at the end of the quarter was $509 million.
- Increased 1st Wave Reservations: Increased reservations by 1,200 for a total of 5,775 by quarter-end, with an additional 1,000 reservations added in April, bringing the current reservation book to 6,775 trucks.
- Extended their Lead in Real-World Road Miles: Continued growth in real-world road miles with ~3.7M cumulative miles by quarter-end, a ~3x increase over the last 12 months.
- Enhanced their Technology Leadership: Increased their issued patents 13% quarter-over-quarter to total 280 by quarter-end and grew R&D headcount 17% quarter-over-quarter to total 821 by quarter-end.
- Generated ~$1M of Q1 Revenue: Accelerating revenue generation from paid freight loads which enables further development of their autonomous technology and their AFN commercial relationships.
Headline financials
Revenue & EPS history
TuSimple · Revenue · Quarterly
$944K
Forward guidance
TuSimple provided full year 2021 guidance with revenue of $5 - $7 million, R&D investment of $165 - $185 million (excluding stock-based compensation), G&A spend of $45 – $55 million (excluding stock-based compensation), Capital Expenditures of $5 – $8 million and expects to end 2021 with a cash position in excess of $1.3B
Tailwinds
- Revenue of $5 - $7 million, driven in part by accelerating utilization of our fleet and enhanced AFN partner operations
- R&D investment of $165 - $185 million excluding stock-based compensation expense
- G&A spend of $45 – $55 million excluding stock-based compensation expense
- Capital Expenditures of $5 – $8 million
- Expect to end 2021 with a cash position in excess of $1.3B
Historical earnings impact
How earnings announcements have historically affected this stock's price.
+3.5%
Avg return
Earnings day
+12.2%
Avg return
5 days after
+100.0%
Avg return
30 days after
60%
9 / 15 earnings
Positive
+20.2%
Q4 2022
Best reaction
-9.9%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2023 | +0.0% | +12.2% | +100.0% | |
| Q3 2023 | -5.2% | — | — | |
| Q1 2023 | +7.6% | — | — | |
| Q2 2023 | +7.6% | — | — | |
| Q4 2022 | +20.2% | — | — | |
| Q3 2022 | +6.6% | — | — | |
| Q2 2022 | +8.0% | — | — | |
| Q1 2022 | +5.6% | — | — | |
| Q4 2021 | +11.9% | — | — | |
| Q4 2019 | +11.9% | — | — | |
| Q3 2021 | -5.3% | — | — | |
| Q3 2020 | -5.3% | — | — | |
| Q2 2021 | -9.9% | — | — | |
| Q4 2020 | -2.7% | — | — | |
| Q1 2021 | +2.1% | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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