Yahoo Finance Viomi Technology Full Year 2023 Earnings: Misses Expectations
Viomi Technology (NASDAQ:VIOT) Full Year 2023 Results
Key Financial Results
Revenue: CN¥2.49b (down 23% from FY 2022).
Net loss: CN¥84.7m (loss narrowed by 69% from FY 2022).
CN¥1.23 loss per share (improved from CN¥3.97 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Viomi Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 140%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are down 8.8% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Viomi Technology you should be aware of.
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