What happens to Weride shares on Wednesday?

Weride Inc. (NASDAQ:World) The shares trade higher Premarket session on Wednesday After the first quarter financial results.

The company represents $ 10 million and 1.8% increase in total income in the first quarter of 2025 Over the year.

Jennifer thatWeride’s CFO said in this quarter, the growth of income, the international areas in the Middle East and Europe have been improved by a commercial traction supported by numerous expansion and new placement.

Thanks to the increase in the sale of robotaxis and robosweepers in the first quarter, the product revenues reached $ 1.3 million.

Read: Weride Stock Climbs to Tencent Cloud Deal to Accelerate Global Robotaxi

Weride’s Robotaxi case reached $ 22.2 million in the first quarter, 22.3% of total income, up to 11.9%.

The gross profit margin is relatively stable in the quarter compared to the fourth quarter of 2024.

Tony HanWeride’s founder, chairman and General Director, commented, “With more than 1,200 autonomous driving vehicles engaged in the road and full-driving commercial transactions, we are autonomous driving around the world, which is more accessible and affordable.”

“In addition, we are developing our amazment solutions that ended the real value of the OEMS today. These efforts are placed as a global leader in shaping the future of autonomous mobility,” he said.

Weride reported a quarterly diluted net damage per announcement of 18 kopecks. As was March 31, the company has $ 610.3 million and equivalent.

In a separate release, it has a stock purchase program to a stock of up to $ 100 million Shares within the next 12 months.

The adoption of the sharing program reflects our business, our financial health and our confidence in our long-term worldview, “he said.

The company is waiting to finance the sold outside the existing monetary balance. Weride appeared in the first quarter with cash and equivalents worth $ 610.3 million.

Weride, in the first quarter of 2025, said the total fleet size has increased more than 1,200 units. The autonomous driving system is more than 2,000 than 2000 days with zero adjustment discipline for failure.

Weride and Uber Technologies, Inc. (NYSE:Uber) We have recently created an important partnership to expand the commercial Robotaxi services. This cooperation is aimed at providing 15 new cities in the Abu Dhabi, successful placement in Abu Dhabi and the upcoming launch of Dubai. According to the company, Uber, adding previous investments, made an additional $ 100 million capital to add previous investments.