TuSimple reports Q4 EPS (61c), consensus (57c)

Reports Q4 revenue $1.858M, consensus $2.52M. “At TuSimple, we believe in the positive impact that autonomous trucking will bring to the global freight industry,” said Cheng Lu, CEO at TuSimple. “I am thankful for our passionate employees and partners who share in the vision, and continue to deliver results advancing our technology and capabilities globally. The past year has been one of change, and we took proactive steps as part of our strategy to best position ourselves for long-term success. We improved corporate governance and restructured the organization in an effort to better align with overall industry timelines. We worked tirelessly to advance our technology as evidenced by our growing global IP portfolio. We continued to achieve industry firsts including being the first to perform driver-out commercial vehicle operations on public roads in China, and the first to publicly announce a third-party safety audit in the U.S. market, which was conducted by TundefinedV SundefinedD. We believe that there’s only one path to enabling continuous autonomous freight operations, and that starts with having driver-out capabilities. Going forward, we expect to build on our industry-leading technology platform, and focus on our goals to solve the toughest challenges to make our vision a reality.”