SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) — Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (lidar) solutions, today announced its unaudited financial results for the three months and full year ended December 31, 2023. “2023 was another record year for Hesai as we continued to substantially outperform our lidar peers and extend our leading market share. We delivered stellar full-year financial and operational results, including robust revenue growth, soaring shipments and solid blended gross margin, all surpassing our prior expectations. Furthermore, we achieved positive operating cash flow, being the only company in the lidar industry to reach that mark,” said Yifan “David” Li, Hesai’s Co-Founder and CEO. “The EV revolution…
Published Date: 2024-03-11
Source: Market Screener
Categories: Business, Investing, Society, Issues, Opportunities
