Kodiak AI reports Q4 EPS (42c), consensus (18c)

Reports Q4 revenue $1.05M, consensus $892,750. “Our financial results for the fourth quarter underscore the strength of our business model, with strong execution across revenue, deployment, and cash discipline,” said Surajit Datta, CFO of Kodiak. “In the fourth quarter, we grew revenue 37% over the prior quarter, outperformed our driverless trucks and Free Cash Flow guidance, strengthened our balance sheet through a debt refinancing and remained focused on scaling our Driver-as-a-Service and asset-light model. As we continue scaling truck deployments, driving cost efficiencies and reducing AV hardware costs, we are focused on achieving profitability and generating positive cash flow over time.”