Boqii Holding Ltd Stock Price, News & Analysis

Boqii Holding Limited (NYSE: BQ) reported its fiscal Q1 2023 results, with revenues of RMB 315.1 million (US$47 million), a decrease of 2.1% year-over-year. Active buyers grew by 11.4% to 1.8 million. The company achieved a gross profit of RMB 70.7 million (US$10.5 million), up 25.3%, leading to a gross margin increase of 490 basis points to 22.4%. Operating loss decreased significantly by 76.4% to RMB 9.8 million (US$1.5 million), while net loss narrowed by 66.8% to RMB 12.4 million (US$1.9 million). The company continues to optimize its product mix amid ongoing COVID-19 impacts.

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, will release its unaudited financial results for the quarter ending June 30, 2022, on September 15, 2022, before U.S. markets open. An earnings conference call will be held at 8:00 AM ET on the same day. Investors can access the call via the provided phone numbers. Boqii aims to provide a broad selection of pet products through its online sales platforms and community engagement.

Boqii Holding Limited (NYSE: BQ) announced the resignation of Mr. Kai Fang as Chief Strategy Officer effective immediately due to personal reasons. Mr. Fang has been instrumental in strategic planning and capital market management since 2021. The board expressed gratitude for his contributions to the company's growth. Boqii remains a leading pet-focused platform in China, offering a diverse range of pet products through its online platforms and community engagement.

Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, has been identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA). This identification, dated July 29, 2022, was related to Boqii's use of an auditor whose work cannot be fully inspected by the PCAOB. Under HFCAA, companies could face delisting after three consecutive years of such findings. Boqii assures stakeholders that this does not impact its business operations and is exploring solutions to protect its listing status on the NYSE.

Boqii Holding Limited (NYSE: BQ) announced the filing of its annual report on Form 20-F for the fiscal year ended March 31, 2022. This report, submitted to the SEC on July 27, 2022, contains the audited consolidated financial statements. Shareholders and ADS holders can request a hard copy of the Annual Report free of charge. Boqii is recognized as a leading pet-focused platform in China, offering a wide range of pet products and an engaging shopping experience via its online sales platforms.

Boqii Holding Limited (NYSE: BQ) reported its fiscal Q4 2022 revenue of RMB249.9 million, an 8.4% increase YoY. For the full year, revenues reached RMB1,186.4 million, up 17.4%. The company improved its net loss to RMB22.2 million in Q4, a 46.7% reduction from last year, and for the year, net losses declined to RMB132.8 million, 31.3% less than FY2021. Active buyers rose 14.8% YoY to 1.5 million in Q4, while full-year totals hit 5.0 million, a 30.4% increase. EBITDA losses narrowed in both periods, demonstrating operational efficiencies despite challenges from Covid-19.

On May 31, 2022, Boqii Holding Limited (NYSE: BQ), a leading pet-focused platform in China, announced an increase of 4,000,000 Class A ordinary shares reserved for its 2018 Global Share Plan. This adjustment raises the total available shares for issuance under the plan to 12,987,836, aimed at retaining and attracting talent. The company assures that this increase will not lead to immediate shareholder dilution until the additional shares are issued. Boqii continues to enhance its position in the growing pet products market, offering a wide range of quality items online.

Boqii Holding Limited (NYSE: BQ) has revised its American Depositary Shares (ADS) to Class A ordinary shares ratio. Initially announced on May 20, 2022, the new ratio will now be one ADS for 4.5 Class A shares instead of the earlier proposed 0.75 Class A shares. This change will take effect on or about June 3, 2022, and is equivalent to a one-for-six reverse split of existing ADSs. The company indicates that this adjustment may lead to a proportional increase in ADS price, though it cautions that the price may not reach six times the previous level.

Boqii Holding Limited (NYSE: BQ), a prominent pet-focused platform in China, will release its unaudited financial results for the quarter ending March 31, 2022, on June 6, 2022. The management will conduct an earnings conference call at 8:00 AM U.S. Eastern Time. Investors can access the call via phone or an archived webcast on the company's investor relations website. Boqii offers a wide range of pet products through its platforms, enhancing customer experience and engagement.