RERE: 1Q24 Earnings Review: EPS Shortfall, But Increasingly Tapping into Complementary Products and Sales Channels [Yahoo! Finance]
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE)
Company Research
Source: Yahoo! Finance
On a GAAP basis, RERE reported a net loss of $12.9 million for 1Q24, or ($0.05) per ADS. That said, excluding non-cash share-based compensation and intangible assets amortization expenses, adjusted EPS came in at $0.01, shy of our $0.05 estimate. Relative to our model, while both product and services revenue came in above expectations, the EPS miss was mostly a function of higher expenses and less favorable non-operating trends. The quarter included a non-recurring $5.7 million unrealized loss related to holdings of a strategic ecosystem enterprise that went public during the quarter. We highlight the following key takeaways: 1. Revenue opportunity – casting a wider net: Despite flattening demand for new consumer electronics devices more broadly in China, management remains focused on enhancing recycling penetration rates by increasingly tapping into complementary products and sales channels in order to promote revenue growth sustainability. Indeed, senior officials anticipate tot
Show less
Read more
Impact Snapshot
Event Time:
RERE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RERE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RERE alerts
High impacting ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) news events
Weekly update
A roundup of the hottest topics
RERE
News
- ATRenew Inc. Renews Business Cooperation Agreement with JD.comPR Newswire
- ATRenew Inc. Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- ATRenew Inc. Reports Unaudited First Quarter 2024 Financial ResultsPR Newswire
- ATRenew to Attend Goldman Sachs TechNet Conference Asia Pacific 2024 [Yahoo! Finance]Yahoo! Finance
- ATRenew to Attend Goldman Sachs TechNet Conference Asia Pacific 2024PR Newswire
RERE
Sec Filings
- 5/31/24 - Form 6-K
- 5/20/24 - Form 6-K
- 4/26/24 - Form 6-K
- RERE's page on the SEC website