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

Viomi Technology has launched its best-budget Lidar robot vacuum-mop, the V3 Max, in the U.S. market, marking a significant debut on its official Amazon store. This device offers advanced cleaning capabilities with three modes, including a unique Y-pattern mopping feature. The V3 Max boasts high-end technologies such as 360° LIDAR mapping and a powerful 5200mAh battery, enabling a runtime of 300 minutes. Viomi aims to enhance user experience with voice control compatibility through Google Home and Alexa, all while providing a cleaner and healthier home environment.

Viomi Technology Co., Ltd (NASDAQ: VIOT) announced its Q2 2021 financial results, with net revenues of RMB1,658.9 million (US$256.9 million), down 1.5% year-over-year. Gross margin improved to 21.2%, up from 14.3% a year ago. The net income attributable to shareholders surged 367.4% to RMB46.1 million (US$7.1 million). The company is focused on enhancing its IoT @ Home portfolio, expanding its product offerings, and optimizing retail strategies. For Q3 2021, Viomi anticipates revenues between RMB1.0 billion and RMB1.1 billion, driven by growth in its own-branded sweeper robot business.

Viomi Technology (NASDAQ: VIOT) announces its Q2 2021 unaudited financial results will be reported on August 25, 2021, prior to U.S. market opening. An earnings conference call is scheduled for 8:00 AM ET the same day, allowing investors to gain insights into the company's performance in the IoT @ Home sector. The call can be accessed via multiple international dial-in numbers and will be available on Viomi's investor relations website.

Viomi Technology Co., Ltd. (NASDAQ: VIOT) reported a strong Q1 2021 with net revenues reaching RMB1,255.6 million (US$191.6 million), a 64.0% year-over-year increase. Gross margin improved to 21.1%, up from 18.8% in Q1 2020. Net income attributable to ordinary shareholders surged by 173.2% to RMB49.1 million (US$7.5 million). The company expanded its IoT product offerings and successfully launched new AI-based products such as water purifiers and smart toilets. Looking ahead, Viomi expects Q2 2021 net revenues between RMB1.72 billion and RMB1.85 billion, representing 2.1% to 9.8% growth.

Viomi Technology Co., Ltd (NASDAQ: VIOT) announced an earnings call scheduled for May 27, 2021 at 8:00 AM ET to discuss its first quarter 2021 unaudited financial results.

The conference call will be accessible via dial-in numbers for various regions and will also have a live and archived webcast. Viomi continues to focus on its IoT @ Home platform, emphasizing innovative smart home products aimed at enhancing consumer experiences and interaction.

Viomi Technology hosted its "AI: Helpful" Spring Strategic New Product Launch Event on April 28, 2021, in Guangzhou, China. The company unveiled a variety of smart home products, including the Alpha 2 Pro robot vacuum, EROx water purifier, and Space air conditioner, all enhanced with AI technology. Nobel Laureate George F. Smoot participated as chief scientist. Viomi aims to address consumer needs with innovative solutions, while continuing to develop its IoT @ Home platform. The company has expanded its product range with capabilities in 5G IoT smart connections.

Viomi Technology Co., Ltd (NASDAQ: VIOT) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission (SEC) on April 26, 2021. The report is accessible on the Company's investor relations website and the SEC's website. Viomi focuses on IoT @ Home technology, aiming to enhance the consumer experience with its ecosystem of smart home products. Shareholders can request free hardcopies of the report.

Viomi Technology Co., Ltd (NASDAQ: VIOT) reported a strong fourth quarter of 2020 with net revenues of RMB1,889 million (US$289.5 million), an 8.5% increase year-over-year. The gross margin improved to 23.5%, driven by higher-margin product shifts. Net income attributable to ordinary shareholders rose 23.3% to RMB110.6 million (US$16.9 million). For the full year, revenues reached RMB5,826 million (US$892.8 million), a 25.3% increase, though annual gross margin decreased to 18.6%. The company expects Q1 2021 revenues to be between RMB900 million and RMB950 million, reflecting a year-over-year growth of 17.6% to 24.1%.

Viomi Technology Co., Ltd (NASDAQ: VIOT) will announce its fourth quarter and full year 2020 unaudited financial results on March 25, 2021, prior to U.S. market opening. Management will conduct an earnings call at 8:00 a.m. ET the same day. This call is an opportunity for investors to hear about the company's performance and outlook. Dial-in information is provided for both U.S. and international participants. Viomi specializes in IoT @ Home technology, aiming to innovate smart home solutions designed for improved convenience and efficiency for consumers.