Mogu Inc Stock Price, News & Analysis

MOGU Inc. (NYSE: MOGU) reported its financial results for the six months ending September 30, 2022, showing a 32.2% decrease in total revenues to RMB114.8 million (US$16.1 million) compared to the previous year. The company faced challenges due to COVID-19 and competition, resulting in a 48.1% decline in Gross Merchandise Value to RMB2,828 million (US$397.6 million). Loss from operations was RMB48.1 million, significantly improving from the previous year's RMB430.1 million. Adjusted EBITDA also improved, recording a loss of RMB17.1 million compared to RMB72.7 million last year. Cash and equivalents stood at RMB604.8 million.

MOGU Inc. (NYSE: MOGU) has announced a new share repurchase program allowing the company to buy back up to US$10 million of its shares until August 31, 2023. This initiative aims to enhance shareholder value and reflects the company's confidence in its financial position. The repurchases will be funded using existing cash and can occur through various means depending on market conditions. The company plans to periodically review the program and may adjust its terms and size as necessary.

MOGU Inc. (NYSE: MOGU) has filed its annual report on Form 20-F for the fiscal year ending March 31, 2022, with the SEC. The report can be accessed on MOGU's investor relations website. The company offers a KOL-driven online fashion and lifestyle platform in China, enhancing the shopping experience by connecting merchants, KOLs, and consumers. MOGU also provides free hard copies of the annual report to shareholders upon request.

MOGU Inc. (NYSE: MOGU) reported its financial results for the six months ending March 31, 2022, revealing significant challenges in the Live eCommerce industry, resulting in a 31.4% decrease in Gross Merchandise Value (GMV) to RMB5,225 million (US$824.2 million), and a 29.2% drop in revenue to RMB168 million (US$26.5 million). Operational losses increased to RMB240.3 million (US$37.9 million), while net losses rose to RMB227.9 million (US$35.9 million). Despite these setbacks, MOGU aims to enhance its operational efficiency and explore new business opportunities for fiscal year 2023.

MOGU Inc. (NYSE: MOGU) will announce its unaudited financial results for the second half of fiscal year 2022, ending March 31, 2022, after U.S. markets close on June 8, 2022. MOGU is recognized as a leading KOL-driven online fashion and lifestyle platform in China, connecting merchants and KOLs with users for an enhanced shopping experience.

MOGU Inc. (NYSE: MOGU) reported financial results for the six months ending September 30, 2021, showing a 30.8% revenue decline to RMB169.5 million (US$26.3 million) and a 12.5% decrease in Gross Merchandise Value (GMV) to RMB5,454 million (US$846.4 million). Despite challenges from increased competition in the Live eCommerce industry, MOGU plans to optimize product offerings and focus on high-margin products. The company incurred a net loss of RMB411.9 million (US$63.9 million), compared to RMB182.6 million in the previous year. The acquisition of Hangzhou Ruisha is expected to enhance MOGU's capabilities.

MOGU Inc. (NYSE: MOGU), a leading KOL-driven online fashion and lifestyle platform in China, announced the cancellation of its earnings conference call for Q2 fiscal year 2022, originally set for December 23, 2021. This decision may raise concerns among investors about transparency and communication regarding financial performance. MOGU connects merchants, KOLs, and users, facilitating a unique online shopping experience and community engagement.

MOGU Inc. (NYSE: MOGU) announced it will release its unaudited financial results for Q2 FY 2022 on December 23, 2021, before U.S. markets open. An earnings conference call will follow at 6:30 AM ET on the same day. Investors can participate using provided dial-in numbers and access both live and archived webcasts via MOGU’s Investor Relations page. The company continues to position itself as a leading KOL-driven online fashion and lifestyle platform in China, enhancing user experience by connecting merchants and influencers.

MOGU Inc. received a letter from the NYSE on November 10, 2021, stating it is below compliance criteria as its average ADS closing price is under $1 for 30 consecutive trading days. The company has six months to restore compliance by regaining a closing price of at least $1. Measures are being implemented to improve its financial position and counter short-term trading price declines. If compliance is not achieved by the end of the cure period, delisting procedures will commence.