RoboSense Losses a Bull on Likely Delayed Profitability

Dow Jones
Sep 08

0301 GMT - RoboSense Technology's likely delayed profitability turns DBS Group Research analysts bearish on the Chinese supplier of light detection and ranging products. The management's 2026 revenue guidance was lower than expected, the analysts say in a note, adding that the company expects meaningful gross margin improvement to only occur in 2H 2027. The analysts now expect a loss in 2026, with RoboSense's profit inflection point likely to be in 2027. They also cut their 2026 gross-margin estimate to 21.9% from 25.7% to reflect continued pricing pressure in the advanced-driver-assistant systems LiDAR segment and elevated raw-material costs, among other factors. DBS downgrades its rating to hold from buy and trims its target price to 20.00 Hong Kong dollars from HK$35.00. Shares are down 2.3% at HK$17.65.

 

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