Unitree reports 70% revenue jump in quarter, but AI spending weighs on profit
AIUnitree Robotics reported third-quarter revenue of 665 million yuan (US$99.7 million), up 69.93% year on year, for the three months ending September 30. Net profit excluding non-recurring items fell 17.42% to 105 million yuan, as research and development spending rose 249.58% to 127.04 million yuan, about 19% of revenue.
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South China Morning Post · Tech · Vincent Chow · scmp.comPublished · added here
Original title: Unitree reports 70% surge in quarterly revenue, though AI investment weighs on net profit