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March 8, 2021, 6:22 a.m. EST

XPeng stock falls toward 4-month low after wider-than-expected loss, while revenue rises fourfold

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By Tomi Kilgore

Shares of XPeng Inc. /zigman2/quotes/219982686/composite XPEV +1.87% slumped 3.3% toward a fifth-straight loss and four-month low in premarket trading Monday, after the China-based electric vehicle maker reported a wider-than-expected fourth-quarter loss although revenue beat forecasts, as deliveries increased fourfold. The net loss narrowed to RMB787.4 million ($120.7 million), or RMB1.05 a share, from RMB1.35 billion in the same period a year ago. Excluding nonrecurring items, the adjusted loss per share was RMB95 cents, compared with the FactSet loss consensus of RMB92 cents. Total revenue rose 345.5% to RMB2.85 billion ($437.0 million), beating the FactSet consensus of RMB2.71 billion, as deliveries jumped 302.9% to 12,964 vehicles. For the first quarter, the company said it expects total revenue to rise 531% from a year ago to RMB2.6 billion and deliveries to increase 450% to about 12,500 vehicles. There is currently no FactSet consensus for first-quarter revenue. The stock, which has tumbled 21.0% the past four days, closed Friday at the lowest price since Nov. 4. It has dropped 42.4% over the past three months, shares of China-based rival Nio Inc. /zigman2/quotes/204905836/composite NIO +2.50% has lost 18.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.61% has gained 3.8%.

/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 31.85
+0.58 +1.87%
Volume: 6.22M
April 21, 2021 1:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$25.09 billion
Rev. per Employee
$166,548
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/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 37.86
+0.92 +2.50%
Volume: 48.78M
April 21, 2021 1:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$56.38 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
4,160.05
+25.11 +0.61%
Volume: 1.06B
April 21, 2021 1:15p
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