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

Viomi Technology Co., Ltd. (NASDAQ: VIOT) announced its Q1 2022 financial results, reporting net revenues of RMB712.1 million (US$112.3 million), down from RMB1,255.6 million in Q1 2021. The gross margin improved to 26.3% from 21.1% year-over-year. Despite the revenue decline, the company continues to invest in R&D, with a 47% increase in R&D personnel and 5,232 cumulative patent applications. The outlook for Q2 2022 estimates revenues between RMB850 million and RMB1.05 billion, reflecting challenges from previous Xiaomi sweeper robot sales.

Viomi Technology Co., Ltd (NASDAQ: VIOT) announced that it will release its first quarter 2022 unaudited financial results on May 27, 2022, before the U.S. market opens. The management will hold an earnings conference call at 8:00 a.m. ET on the same day, providing insights into the company's financial performance. Details for dial-in options and a live webcast are available on the company's investor relations website. Viomi focuses on IoT @ Home technology, aiming to enhance consumer interaction with smart home products, thus expanding its household user base.

Viomi Technology Co., Ltd (NASDAQ: VIOT) filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC on April 27, 2022. The report is available on Viomi's investor relations website and the SEC's website. Shareholders can request hard copies free of charge, but due to COVID-19 disruptions, electronic downloads are recommended. Viomi aims to redefine home living with its IoT @ Home ecosystem, offering smart products and consumables to enhance convenience and efficiency in daily life.

Viomi Technology reported Q4 2021 net revenues of RMB1,332.8 million (US$209.1 million), falling from RMB1,889.0 million in Q4 2020. Despite a revenue decline, gross margin improved to 25.6% from 23.5% year-over-year. Net income attributable to shareholders was RMB22.7 million (US$3.6 million), significantly lower than RMB110.6 million in Q4 2020. For FY 2021, total revenues decreased to RMB5,303.8 million (US$832.3 million). Looking ahead, Viomi expects Q1 2022 revenues between RMB680 million and RMB730 million, reflecting a high base from the previous year.

Viomi Technology Co., Ltd (NASDAQ: VIOT) will report its fourth quarter and full year 2021 unaudited financial results on March 28, 2022, before U.S. markets open. Management will host an earnings conference call at 8:00 AM EST on the same day. The call will be accessible via various international dial-in numbers, and a replay will be available shortly after the live call until April 4, 2022. Viomi continues its mission to innovate in the IoT @ Home sector, enhancing consumers' daily lives through smart technology.

Viomi Technology Co., Ltd has announced its 2022 strategic new product launch plan aimed at expanding its overseas market. The company introduces innovative IoT home solutions, including the Alpha 2 Pro robot vacuum with advanced detection capabilities, an ultra-thin washer-dryer, the Blues Pro smart water purifier, and the 21Face large-screen refrigerator. Additional AI-enabled kitchen appliances and air care solutions will also be part of the lineup. These products focus on enhancing user convenience and experience while integrating with the Mi Home app and supporting voice control via Alexa and Google Home.

Viomi Technology Co., Ltd (NASDAQ: VIOT) has updated its share repurchase program, aiming to buy back up to US$10 million worth of Class A ordinary shares. Since the program's announcement on October 14, 2021, the company has repurchased US$1.2 million in shares between December 1 and December 13, 2021. Repurchases, funded from existing cash, may occur through various means depending on market conditions and share prices, reflecting the company's confidence in enhancing shareholder value.

Viomi Technology Co., Ltd. (NASDAQ: VIOT) reported Q3 2021 net revenues of RMB1,056.5 million (US$164.0 million), down from RMB1,486.7 million in Q3 2020, largely due to decreased Xiaomi-branded sweeper robot sales. Gross margin improved to 22.7% from 17.1%. The company experienced a net loss of RMB29.3 million (US$4.5 million) compared to a profit of RMB34.9 million in the previous year. Looking ahead, Viomi expects Q4 revenues between RMB1.2 billion and RMB1.3 billion, with ongoing challenges in the sweeper robot segment.

Viomi Technology Co., Ltd (NASDAQ: VIOT) has announced the scheduled release of its third quarter 2021 unaudited financial results on November 24, 2021, prior to U.S. market opening. An earnings conference call will take place at 7:30 AM ET on the same day. The event can be accessed through various dial-in options provided. Viomi is focused on IoT @ Home technologies, offering a range of smart home products to enhance consumer interaction and convenience.