Lyft reported its results for the second quarter, including revenue of $990.7M, up from $765M in Q2 2021. The ride-hailing app had 19.86 million active riders in Q2, up from 17.8 million the previous quarter and 17.1 million in Q2 2021. More: - Lyft reported a net loss of $377.2M, from a net loss of $251.9M during the same period in 2021.
- Revenue per active rider increased 11.8% YoY to $49.89.
- The company's adjusted EBITDA, its highest yet, was $79.1M, improving from $55.3M in Q2 2021. Its margin reached 8%, up from 3.1% during the same period in 2021.
- At the end of Q2, Lyft had $1.8B in cash, cash equivalents, and long-term investments.
- $LYFT was up 13.74% for the day and 44.86% WoW on Friday morning.
| |
 On Thursday, Tesla held its annual shareholder meeting at Gigafactory Texas, where Elon Musk reported the delivery of its 3 millionth vehicle. "I'll be surprised if it's not over 100 million in 10 years," Musk said. More: - Tesla expects the Model Y to be the highest selling vehicle by revenue in 2022 and the highest by unit volume in 2023.
- Musk said the company might announce a new factory by the end of the year. Tesla plans to ultimately have "10 or 12" gigafactories with outputs of 1.5 to 2 million units per site.
- The total energy produced by Tesla solar panels exceeded the energy used at its factories and to charge all Tesla vehicles at Superchargers and homes.
- Battery recycling is occurring at Gigafactory Nevada at a rate of 50 packs per week.
- Musk said we are past the peak of inflation, believing we are in a "relatively mild recession" that could last about 18 months.
| |
 A message from SQUARE When your tools work together, your business works like magic. Square hardware and software are built to work together – and no matter what tools you choose, it’s all reliable, easy to use, and designed to work in sync. Take payments in person, online or on the go. No matter what kind of business you run, Square has the tools you need to never miss a sale. Get tools that come together to bring out the best in your business. New US-based Inside.com readers receive: - Flexible, all-in-one solution trusted by millions of business owners
- Free processing on up to $1,000 in credit card transactions for the first 180 days.
- Afterwards, you pay the standard 2.6% + $0.10 per swipe for all major credit cards.
Get Started Free
| |
 Virgin Galactic is delaying the start of its commercial space flights to Q2 2023 as it works on refurbishing its VMS Eve carrier aircraft. The company had a loss of $111M versus a loss of $94M in Q2 2021. More: - The company had an adjusted EBITDA loss of $93M, from a loss of $56M during the same period in 2021.
- Earlier this week, Virgin Galactic announced it acquired land in New Mexico to set up its Future Astronaut Campus.
- In late July, the space company revealed it was reserving the first 1,000 passenger seats for its commercial flights through the Virtuoso travel agency.
- $SPCE was down $13.76% for the day and down 4.34% WoW on Friday morning.
| |
 Arrival is reportedly pausing its electric car and bus projects, prioritizing the launch of its vehicle platform. Production for the electric transporter is expected to begin in Q3. More: - The company has reportedly delayed testing of the electric bus in Q2 with U.K.-based First Bus.
- The Arrival Car, optimized for ride-hailing in collaboration with Uber*, was expected to begin production by the end of 2023.
- In mid-July, Arrival revealed it planned a reorganization by September, warning it may result in a 30% reduction in its workforce.
- $ARVL was down 4.12% for the day but up 7.71% WoW, on Friday morning.
*Note: Inside.com founder and CEO Jason Calacanis is an investor in Uber.
| |
 A message from WIND RIVER Can the VxWorks real-time operating system fill your embedded system needs? A real-time operating system (RTOS) is an operating system with two key features: predictability and determinism. In an RTOS, repeated tasks are performed within a tight time boundary, while in a general-purpose operating system, this is not necessarily so. Predictability and determinism, in this case, go hand in hand: We know how long a task will take, and that it will always produce the same result. - Determinism: Repeating an input will result in the same output.
- High performance: RTOS systems are fast and responsive, often executing actions within a small fraction of the time needed by a general OS.
- Safety and security: As RTOSes are frequently used in critical systems, such as robotics or flight controllers, they must have higher security standards and more reliable safety features.
- Priority-based scheduling: Actions are scheduled according to their assigned priority; the most important tasks come first.
- Small footprint: Versus their hefty general OS counterparts, RTOSes weigh in at just a fraction of the size: Windows 10, with post-install updates, takes up approximately 20 GB. VxWorks, on the other hand, is measured in the low single-digit megabytes.
In this webinar, we'll go through some of the features of real-time operating systems that can revolutionize your embedded development process, and make sure that an RTOS is the right solution for your use-case. Watch Now
| |
Astra Space reported its results for Q2, including an adjusted EBITDA loss of $48.4M, from a loss of ~$21.4M in Q2 2021. The space company is moving on from its Rocket 3.3, with no further flights expected for the year, amid investigations over launch failures. More: - The company will begin working on the next version of its launch system, with a capacity of 600 kg (~1,323 lbs).
- In June, Astra's Launch Vehicle 0010 experienced a second-stage malfunction after its lift-off from Cape Canaveral, as the $30M mission carried two NASA hurricane-tracking cubesats.
- Astra had $200.7M in cash and cash equivalents at the end of the second quarter.
- $ASTR was down 17.73% for the day on Friday afternoon.
| |
Aptiv lowered its revenue expectations to $17B-$17.3B from its previous outlook of $17.75B-$18.15B, citing lower vehicle production in Europe due to concerns over a disruption in gas supply from Russia. Aptiv's clients include General Motors, Volkswagen, and Stellantis. More: - The auto supplier's CEO, Kevin Clark, said the company was raising prices to keep its margins.
- Clark also highlighted the impact of inflation on the reduction in production, saying it will continue for "several more quarters."
- Aptiv's net sales for Q2 totaled $4.06B, with its sales in China falling by 2%.
- $APTV was down 1.55% for the day on Friday morning.
| |
Quick Hits: *This is sponsored content.
| |
Upcoming events at Inside:
| |
 |  | Nicolas is a Sr. Analyst at Inside, covering startups and transportation trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
| |
For nearly 35 years, VxWorks has been used to ensure the security, safety, and reliability you need to design and build mission-critical embedded systems that simply must work.
| |
Comments
Post a Comment