Viomi Technology Co., Ltd. Stock Price, News & Analysis

AWE2023 commenced on April 27 at the Shanghai New International Expo Centre, showcasing over 1,000 exhibitors under the theme "Smartize the Future." The event covers 150,000 square meters across 13 halls, focusing on the latest innovations in home appliances and consumer electronics.

Exhibitors include major brands like Miele, Sony, Samsung, and Viomi, highlighting advancements in smart home technology and consumer electronics. Notable showcases include Haier's Smart Home products, Huawei's immersive smart home experience, and TCL's IoT innovations.

The event also features new AR/VR technologies, smart appliances, and vehicles, such as the AITO M5 Intelligent Driving Edition. With increased international participation post-COVID, AWE2023 emphasizes the growth of smart living solutions.

Viomi Technology Co., Ltd (NASDAQ: VIOT) has filed its annual report on Form 20-F for the year ended December 31, 2022, with the U.S. Securities and Exchange Commission (SEC) on April 25, 2023. This report is accessible via the Company’s investor relations website and the SEC's website. Viomi is recognized for its IoT @ Home technology, offering a platform of smart home products designed to enhance consumer experience and interaction within the home. The Company aims to expand its household user base and improve user engagement through innovative IoT solutions.

Viomi Technology, a leading IoT @ Home technology company, reported its financial results for Q4 and the full year 2022. Net revenues for Q4 were RMB910.5 million (US$132 million), a decline from RMB1,332.8 million in Q4 2021. Despite challenges, the gross margin improved to 23.0%, from 19.8% quarter-over-quarter and 22.8% for the full year, up from 22.6% in 2021. The company aims to enhance its product lineup and optimize distribution channels while focusing on operational efficiency. However, it faced substantial revenue declines across its IoT portfolio, affecting overall financial performance.

Viomi Technology Co., Ltd (NASDAQ: VIOT) announced it will report its fourth quarter and full year 2022 unaudited financial results on March 27, 2023, before U.S. market open. The earnings conference call is scheduled for 8:00 A.M. ET on the same day. This call will be accessible via multiple dial-in numbers and a live webcast. Viomi focuses on IoT @ Home technology, providing a comprehensive ecosystem of smart home products. Investors can access the archived webcast on the company’s investor relations website.

Viomi Technology Co., Ltd (NASDAQ: VIOT) reported its Q3 2022 financial results, revealing net revenues of RMB685.8 million (US$96.4 million), a 35% decrease from RMB1,056.5 million in Q3 2021. The gross margin fell to 19.8% from 22.7%. The company experienced a net loss of RMB79.6 million (US$11.2 million), up from RMB29.3 million in the previous year. Despite challenges from the COVID-19 pandemic and weak market demand, Viomi reported growth in cumulative household users, reaching 7.4 million, and continued product innovation.

Viomi Technology Co., Ltd (NASDAQ: VIOT) will report its third quarter 2022 unaudited financial results on November 23, 2022, before U.S. markets open. The management will host an earnings call at 7:30 AM ET on the same day. Dial-in numbers for the call have been provided for participants in the U.S., Hong Kong, and Mainland China. A live and archived webcast will also be available on the company's investor relations website. Viomi aims to revolutionize the home environment with its IoT @ Home technology, enhancing consumer interaction with smart home products.

Viomi Technology Co., Ltd (NASDAQ: VIOT) has announced a new share repurchase plan, allowing for the buyback of up to US$10 million of its American depositary shares over the next 12 months, concluding on October 24, 2023. This initiative follows the expiration of the previous buyback plan. The company aims to enhance shareholder value and expects to fund the repurchases from its existing cash balance. CEO Xiaoping Chen expressed confidence in the company's outlook and commitment to maximizing long-term shareholder value.

Viomi Technology Co., Ltd (NASDAQ: VIOT) reported its Q2 2022 financial results, with net revenues of RMB 924.2 million (US$138.0 million), a significant decline from RMB 1,658.9 million in Q2 2021. However, gross margin improved to 22.1% from 21.2% in the prior year, despite ongoing sales challenges due to COVID-19. The number of cumulative household users reached approximately 7.2 million. The company forecasts Q3 2022 revenues between RMB 740 million and RMB 840 million, reflecting ongoing market uncertainties.