Welcome to our dedicated page for Viomi Technology news (Ticker: VIOT), a resource for investors and traders seeking the latest updates and insights on Viomi Technology stock.
Viomi Technology Co., Ltd. reports developments tied to its Nasdaq-listed ADSs and its home water solutions business. The company focuses on AI-enabled drinking-water products, including water purification systems, filters and related residential water hardware, and describes an “Equipment + Consumables” model built around purifier sales, filter replacement and water quality monitoring.
Recurring news covers half-year and annual financial results, Form 20-F reporting, special dividends, ADS repurchase activity and board changes. Company updates also discuss the completed 2024 reorganization that removed most IoT@Home portfolio products from continuing operations, while retaining categories such as range hoods, gas stoves and water heaters alongside the core home water systems business.
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.
Viomi Technology Co. Ltd (NASDAQ: VIOT) announced a share repurchase program authorized by its Board of Directors, allowing for the buyback of up to US$10 million worth of Class A ordinary shares over the next twelve months. The CEO, Xiaoping Chen, expressed confidence in the company's business outlook and financial health, stating that this initiative will enhance shareholder value. Repurchases may occur in various forms, including open market purchases and block trades, funded by existing cash reserves.
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.