Momenta posts 73.2% gross margin, cuts adjusted loss by 97%

Chinese autonomous-driving software developer Momenta reported first-half results with gross margin of 73.2% and an adjusted net loss narrowed by about 97%. The sector is confronting the limits of software moats.

• Momenta's first-half gross margin reached 73.2%
• Adjusted net loss narrowed by roughly 97%
• Chinese autonomous-driving suppliers hit limits of software moats