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

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.

Viomi Technology Co. Ltd (NASDAQ: VIOT) is set to report its Q2 2022 unaudited financial results on August 22, 2022, before U.S. market opening. An earnings call will follow at 8:00 a.m. ET. The call will be accessible via multiple dial-in options, including toll-free numbers for the U.S. and Hong Kong. Viomi, a leader in the IoT @ Home technology sector in China, aims to redefine home living with its innovative IoT-enabled products. A live webcast of the call will be available on their investor relations website.

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.