Smart Share Global Ltd Stock Price, News & Analysis

Smart Share Global Limited (Nasdaq: EM) announced that it received notification from Nasdaq regarding a compliance issue due to its ADS closing bid price being below US$1.00 for the last 30 consecutive business days. The company has a 180-day compliance period until April 5, 2023, to regain compliance. If the ADS price meets the minimum requirement for ten consecutive business days, Nasdaq will confirm compliance. The notification does not impact the company's operations, and Smart Share Global Limited is committed to regaining compliance within the grace period.

Smart Share Global Limited, known as Energy Monster, has extended its share repurchase program for an additional 12 months, now set to expire on September 27, 2023. Initially approved on September 28, 2021, the program allows for the repurchase of up to US$50 million in shares. As of September 26, 2022, approximately US$3.7 million of American Depositary Shares (ADS) have been repurchased. The company plans to utilize its existing cash balance for future repurchases, which can occur under various market conditions.

Smart Share Global Limited, operating as Energy Monster, reported its Q2 2022 financial results. Revenue totaled RMB690.5 million (US$103.1 million), reflecting a 29% decrease year-over-year due to COVID-19 impacts. The number of Points of Interest (POIs) reached 895,000, with a 43.2% network partner model operation. The company incurred a net loss of RMB184.5 million (US$27.6 million), compared to a profit in Q2 2021. Despite challenges, management expects Q3 revenues between RMB770 million and RMB800 million, contingent on market conditions.

Smart Share Global Limited, known as Energy Monster, will release its unaudited second quarter 2022 financial results on September 8, 2022, before U.S. market opens. A conference call will follow at 8:00 A.M. Eastern Time on the same day to discuss these results. Participants can join the call via a pre-registration link or through a webcast. For convenience, replays will be available through September 15, 2022.

Energy Monster is the leading mobile charging service provider in China, boasting 5.7 million power banks across over 861,000 locations.

Smart Share Global Limited, operating as Energy Monster, reported its financial results for Q1 2022. The company had 861 thousand Points of Interest (POIs) and acquired 12 million new users, bringing total registered users to 298.9 million. However, revenues fell by 13% year-on-year to RMB737.1 million, largely due to COVID-19's impact, with mobile charging revenues down 12.1%. Consequently, the company reported a loss from operations of RMB99.3 million. Looking ahead, the company projects Q2 2022 revenues between RMB660 million and RMB690 million, factoring in ongoing COVID-19 disruptions.

Smart Share Global Limited, known as Energy Monster, plans to release its unaudited Q1 2022 financial results on June 15, 2022, before U.S. markets open. A conference call will take place at 8:00 A.M. ET on the same day. Energy Monster, the largest mobile device charging service provider in China, offers services through power banks available in various public locations. As of December 31, 2021, it operated 5.7 million power banks across 845,000 points of interest (POIs) in over 1,700 districts.

Smart Share Global Limited (Nasdaq: EM), known as Energy Monster, announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the SEC on April 27, 2022. The report includes audited financial statements, available for shareholders upon request. As the leading provider of mobile device charging services in China, Energy Monster operates a network with 5.7 million power banks across 845,000 points of interest. This announcement reinforces the company's market position and transparency in financial reporting.

Smart Share Global Limited, known as Energy Monster, reported its financial results for Q4 and FY 2021, revealing a 9.7% revenue decline to RMB836.2 million (US$131.2 million) influenced by COVID-19. The net loss for Q4 was RMB68.5 million (US$10.7 million), contrasting with a net income in the previous year. Despite challenges, the company achieved a 27.6% year-over-year revenue increase to RMB3.6 billion (US$562.6 million) for FY 2021. The Q1 2022 outlook predicts revenues between RMB750 million and RMB780 million, accounting for ongoing pandemic impacts.

Smart Share Global Limited, known as Energy Monster, will release its unaudited fourth quarter and fiscal year 2021 financial results on March 11, 2022, before U.S. market opens. The company, the largest provider of mobile device charging services in China, holds a significant market share with 5.8 million power banks across 820,000 points of interest. A conference call is scheduled for 8:00 A.M. Eastern Time on the same day to discuss the results. Investors can also access a live webcast via the company's investor relations website.