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Stock impact report

Viomi Technology Co., Ltd Reports Third Quarter 2022 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 Check Earnings Report
Company Research Source: PR Newswire
GUANGZHOU, China, Nov. 23, 2022 /PRNewswire/ -- 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, 2022.Third Quarter 2022 Financial and Operating Highlights Net revenues reached RMB685.8 million (US$96.4 million), compared to RMB1,056.5 million for the third quarter of 2021.Gross margin was 19.8%.Number of cumulative household users reached approximately 7.4 million, compared to approximately 7.2 million as of the end of the second quarter of 2022 and approximately 6.3 million as of the end of the third quarter of 2021.Percentage of household users with at least two connected products reached 22.3%, compared to 22.0% as of the end of the second quarter of 2022 and 21.1% as of the end of the third quarter of 2021.Mr. Xiaoping Chen, Founder and CEO of Viomi, commented, "In the third quarter of 2022, the resurgence of COVID-19 pand Show less Read more
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