Shares of Small-cap consumer cyclical company Hesai moved -8.9% this afternoon, and are now trading at $8.1 per share.
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR).
Hesai investors should be aware of the below:
Hesai has moved -61.5% over the last year. Based on its trailing earning per share of -0.81, Hesai has a trailing 12 month Price to Earnings (P/E) ratio of -10.0
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $348 | $416 | $721 | $1,203 |
| Gross Margins | 70.3% | 57.5% | 53.0% | 39.2% |
| Operating Margins | 3.5% | -24.5% | -36.8% | -31.4% |
| Net Margins | -34.54% | -25.8% | -33.97% | -25.01% |
| Net Income (MM) | -$120 | -$107 | -$245 | -$301 |
| Net Interest Income | $19,107 | $20,925 | $32,584 | $58,734 |
| Depreciation & Amort. | -$9,724 | -$19,215 | -$28,231 | -$nan |
| Earnings Per Share | -$1.4 | -$0.85 | -$19.57 | -$0.81 |
| EPS Growth | n/a | 39.29% | -2202.35% | 95.86% |
| Diluted Shares (MM) | 126 | 126 | 126 | 126 |
| Free Cash Flow (MM) | $7 | -$429 | -$510 | n/a |
| Capital Expenditures (MM) | -$40 | -$77 | -$282 | n/a |
| Net Current Assets (MM) | $857 | $1,034 | $2,591 | -$3,849 |
| Current Ratio | 4.32 | 7.25 | 3.92 | 3.26 |
| Long Term Debt (MM) | n/a | n/a | n/a | $18 |
| LT Debt to Equity | nan | nan | nan | -0.01 |
Hesai has growing revenues and a flat capital expenditure trend and an excellent current ratio. Additionally, the company's financial statements display wider gross margins than its peer group and a strong EPS growth Trend. However, the firm suffers from consistently negative margins with a negative growth trend and negative and highly variable cash flows.
