Xpeng Reports Negative Non-GAAP EPADS and Misses Revenue Expectations

Trending News 🌧️

The company reported Non-GAAP EPADS (earnings per ads) of -$0.37, which fell short of the estimated -$0.33 by $0.04.

Additionally, the company’s revenue of $587.31M was $125.36M lower than the expected $712.67M. This news has sent shockwaves through the market, as investors had high hopes for Xpeng’s performance. The company designs, develops, manufactures and sells electric vehicles and driving components on an “internet-connected” platform. Xpeng’s goal is to provide customers with an innovative and convenient electric vehicle experience. These impressive figures demonstrate that Xpeng Inc ($NYSE:XPEV). remains a formidable player in the electric vehicle industry, despite its recent earnings miss.

Earnings

In its earning report of FY2022 Q4 ending December 31 2022, XPENG INC reported a total revenue of 5140.35M CNY with a net income loss of 2361.18M CNY. This marks a 39.9% decrease in total revenue from the previous year, although the company has seen a steady increase in total revenue from 2851.35M CNY to 5140.35M CNY in the last 3 years. Moreover, the non-GAAP EPADS for the quarter was also reported to be a negative figure. These results have missed the market’s expectations and have caused XPENG INC’s stock to decline in price.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Xpeng Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Xpeng Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Xpeng Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Xpeng Inc are shown below. More…

Stock Price

The company’s stock opened at $8.3 and closed at $8.6, a decrease of 5.0% from its previous closing price of 9.1. This came as a disappointment to investors, as the company had previously projected growth in its fourth quarter performance. Xpeng’s stock has been volatile in recent days, and the news of missed expectations has sent the stock further down.

In addition to the negative non-GAAP EPS report, the company also reported lower than expected revenue for the quarter. This has caused some analysts to question if the company will be able to meet its future growth projections. Live Quote…

Analysis

At GoodWhale, we have conducted a detailed analysis of XPENG INC‘s financials. Upon our assessment, we have concluded that XPENG INC is a high risk investment in terms of financial and business aspects. We have identified three risk warnings in their income sheet, balance sheet and cashflow statement. In particular, our analysis reveals that XPENG INC may have issues with liquidity, working capital and solvency. There is also a high risk of their ability to pay debt on time. To get a more thorough analysis of the risk warnings, register on GoodWhale.com and check it out. We hope that this information helps you make a more informed decision when it comes to investing in XPENG INC. Good luck in your investing journey! More…

Summary

The non-GAAP earnings per share (EPADS) was -$0.37, missing analysts’ consensus estimate by $0.04. Revenue of $587.31M also missed analysts’ consensus estimate by $125.36M. The stock price moved down following this earnings announcement.

Investing analysis suggests that the company is facing short-term difficulties and investors may be wary to invest in Xpeng Inc stock due to the miss on the earnings estimates. In the long run, however, investors should be aware of the company’s potential for growth in the electric vehicle sector and the attractive valuation of the stock with regards to its peers.