Yes, I agree with you. I was not too concerned by the revenue miss in this quarter. The most important thing in their CC was that they reaffirmed the ARR of 750m- 1B. This is huge.
They still have almost 2.5B in cash and cash equivalents, so the fact that they are losing a lot in EBITDA is not concerning. This is a new company in hypergrowth mode. It will be volatile, as we saw yesterday. But I think that they have a very bright future ahead. I think that AV ride itself has the potential to be a massive growth area for them. I think their food delivery robots, and the autonomous vehicles in South Korea, are a huge growth area. As is their AI business.
Its my number 3 holding. Im happy to keep holding.
Jonathan
PS. Edit… The revenue “miss” was explained as a timing issue, so it’s more a delay than a miss.