Kodiak AI Q2 revenue jumps sequentially on expanded driverless truck deployments

The company said revenue growth was driven by expanded customer-owned driverless truck deployments.

Kodiak also said the launch of its seventh-generation autonomous truck platform improved performance and reliability, according to CEO Don Burnette.

Operational scale-up continued in the quarter, with paid driverless operations hours up 71% quarter over quarter and cumulative loads delivered up 32% quarter over quarter.

Kodiak AI said second-quarter revenue rose 91% quarter over quarter to $3.50 million, beating the $2.60 million consensus estimate from six analysts.

Loss per share for the quarter was $0.50; no analyst estimate was provided for comparison.

Kodiak said it aims to launch driverless long-haul operations by year-end.

The current average analyst rating on the shares is buy, with , , and .