TSP in San Diego, Calif., is an autonomous technology company that develops autonomous technology specifically built for semi-trucks internationally and aims to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology.
In January, TSP announced its collaboration with Hillwood, a leading industrial and commercial real estate developer, to combine TSP?s infrastructure specifications into current and future industrial and commercial properties. The expansion of TSP?s Autonomous Freight Network should enable Hillwood to actively prepare for meeting the demands of autonomous trucks by getting properties ready for autonomous trucking operations, starting with a million-square-foot state-of-the-art facility built within its 27,000-square-acre AllianceTexas development.
Also in January, TSP expanded its ongoing partnership with NVIDIA to design and develop an advanced autonomous domain controller (ADC) especially engineered for TSP?s Level 4 autonomous trucking applications and to accelerate TSP?s ability to put autonomous trucks on the Autonomous Freight Network (AFN) at scale with a production-ready computing solution. The ADC design will incorporate the NVIDIA DRIVE Orin system-on-a-chip (SoC), designed explicitly for AI-based autonomous driving applications.
In the fourth quarter, ended Dec. 31, 2021, TSP?s revenue increased 178.2% year-over-year to $2.05 million. The cash and cash equivalent stood at $1.34 billion for the fiscal year ending Dec. 31, 2021, while its net cash provided by financing activities increased 264.4% from its year-ago value to $1.30 billion.
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Analysts expect TSP?s revenue to increase 214% year-over-year to $2.96 million for the first quarter, ending March 31, 2022. Furthermore, it has an impressive earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
All nine Wall Street analysts that rated the stock rated it Buy. The 12-month median price target of $38.63 indicates a 185.3% potential upside. The price targets range from a low of $24.00 to a high of $54.00. The stock closed its last trading session at $13.54.
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