Viomi Technology Co., Ltd Reports Third Quarter 2019 Unaudited Financial Results
Viomi Technology Co., Ltd - American Depositary Shares (VIOT)
Last viomi technology co., ltd - american depositary shares earnings: 3/26 06:00 am
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Source: GlobeNewswire
GUANGZHOU, China, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Financial and Operating Highlights Net revenues reached RMB1.07 billion (US$149.6 million), an increase of 89.2% from the third quarter of 2018.Gross margin was 22.3%, compared to 30.0% for the third quarter of 2018.Net income was RMB73.3 million (US$10.3 million), compared to a net loss of RMB59.8 million for the third quarter of 2018. Net income margin was 6.9%.Non-GAAP net income1 was RMB83.9 million (US$11.7 million), an increase of 116.4% from the third quarter of 2018. Non-GAAP net income margin1 was 7.8%, compared to 6.9% for the third quarter of 2018.Number of household users reached more than 2.6 million, compared to approximately 2.3 million as of the end of the second quarter of 2019 and
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VIOT
Sec Filings
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- 2/2/24 - Form SC
- VIOT's page on the SEC website