05:28 PM EDT, 08/19/2024 (MT Newswires) -- Hesai Group ( HSAI ) reported a Q2 non-GAAP net loss late Monday of 0.34 Chinese renminbi ($0.05) per diluted share, compared with the loss of 0.32 renminbi a year earlier.

A lone analyst polled by Capital IQ expected a loss of 0.40 renminbi.

Net revenue in the quarter ended June 30 rose to 458.9 million renminbi from 440.3 million renminbi a year earlier.

A single analyst surveyed by Capital IQ expected 473 million renminbi.

The company Q3 net revenue of 450 million renminbi to 500 million renminbi. A lone analyst polled by Capital IQ expects 725.6 million renminbi.

Shares of the company fell 5.5% in after-hours activity.

Price: 4.28, Change: -0.25, Percent Change: -5.52