OTC$TSPH
TuSimple Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
TuSimple's operations were restructured and the company's technology was advanced with testing and validation of autonomous vehicle systems.
TuSimple reported Q2 2023 results, highlighting a focus on technology advancement through testing and validation, alongside restructuring efforts aimed at aligning capital spending with industry readiness. The company held $835.7 million in cash, equivalents, and investments as of June 30, 2023.
- Operations were restructured to align capital spending with industry readiness, incurring charges of $10.4 million.
- Loss from Operations was reported as $178.0 million and AEBITDA loss of $134.4 million for the first half of 2023.
- Cash, equivalents, and investments totaled $835.7 million as of June 30, 2023.
- The company is focused on development and testing to expand safety, increase reliability, and improve cost-effectiveness.
Headline financials
Revenue & EPS history
TuSimple · Revenue · Quarterly
$92K
Forward guidance
TuSimple plans to focus on the development and testing of their systems to expand safety, increase reliability, and improve cost-effectiveness for the remainder of the year.
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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