How did VinFast Auto's revenue and expenses trend in Q3 2024?

VinFast Auto's revenue for Q3 2024 was $1.62 billion, with significant contributions from the Automobiles segment ($1.62 billion), Sales of Vehicles segment ($554.53 million), E-scooter segment ($93.51 million), Other segment ($88.43 million), Sales Of Spare Parts and Components segment ($26.46 million), Rendering of Services segment ($25.1 million), Revenue from Leasing Activities segment ($17.82 million), Electric Bus segment ($5.38 million), and Sales of Merchandise segment ($2.47 million).

However, the company reported a gross loss of $224 million for Q2 2024, with a gross margin of minus 62.7%, worsening from Q1 2024 and Q2 2023. This indicates that the company's cost management is a significant challenge, and they are operating at a loss. The R&D expenses for Q3 2024 were $86.83 million, which is a key component of the company's investment in its future product offerings, despite the current financial strain.

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|VFS|VFS.O|VinFast Auto|2023 Q4|-47.7715|41.718902880901425|185|
|VFS|VFS.O|VinFast Auto|2024 Q1|-58.6728|69.62777029192083|185|
|VFS|VFS.O|VinFast Auto|2024 Q2|-60.9719|7.242383904461269|185|
|VFS|VFS.O|VinFast Auto|2024 Q3|-44.4116|10.206854441679013|185|

|code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|VFS|VFS.O|VinFast Auto|2023 Q4|1.327059733E8|-46.87383927115879|185|
|VFS|VFS.O|VinFast Auto|2024 Q1|1.0801204864E8|-50.785704365547744|185|
|VFS|VFS.O|VinFast Auto|2024 Q2|1.097494866E8|-24.7829231380865|185|
|VFS|VFS.O|VinFast Auto|2024 Q3|8.682750475E7|-41.81443764689127|185|