Robosense Technology's Loss Narrows in Q1

MT Newswires Live

06/02

Robosense Technology (HKG:2498) narrowed its loss attributable to shareholders in the first quarter of 2025 to 99.6 million yuan from 131.8 million yuan a year earlier, according to a filing with the Hong Kong bourse on Friday.

Loss per share stood at 0.22 yuan, compared with a per-share loss of 0.31 yuan a year ago.

Revenue fell 9.2% to 327.8 million yuan from 361 million yuan in the prior-year period, mainly due to a decline in LiDAR sales for advanced driver-assistance systems.

Shares of the AI-driven robotics company closed about 6% lower on Monday.

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