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Zepp Health Corporation (NYSE: ZEPP) is a leading global provider of smart wearables and health technology solutions that enable users to maximize their health, fitness, and wellness. Established in 2013 as Huami Corp., the company rebranded to Zepp Health in February 2021 to emphasize its health-centered approach. Zepp Health is renowned for its innovative brands such as Amazfit, Zepp Clarity, and Zepp Aura, which together form a comprehensive ecosystem empowering users to achieve their wellness goals.
Central to Zepp Health's offerings is the proprietary Zepp Digital Health Management Platform, which integrates advanced technologies including Zepp OS, AI chips, biometric sensors, and sophisticated data algorithms. This platform provides 24/7 actionable insights and guidance, supporting users in their everyday health and fitness journeys. To date, Zepp Health has shipped over 200 million units, with its products accessible in more than 90 countries worldwide.
Zepp Health's product portfolio is diverse, featuring smartwatches, fitness bands, and innovative devices like the Amazfit Helio Ring and Amazfit Bip 5 Unity. The company's products are designed to offer a perfect blend of style and cutting-edge technology, appealing to both professional athletes and everyday fitness enthusiasts. Notably, the Amazfit brand has garnered numerous design accolades, including the iF Design Award and the Red Dot Design Award.
Recent achievements highlight Zepp Health's commitment to excellence and community. The company has been actively involved in significant partnerships, such as sponsoring the NN Rotterdam Marathon and the Escape from Alcatraz Triathlon. Through these partnerships, Zepp Health not only promotes its high-performance wearables but also supports athletic communities worldwide.
Financially, Zepp Health reported revenues of US$39.8 million for the first quarter of 2024, with a gross margin of 36.8%. Despite a challenging market, the company's self-branded products have shown robust performance, contributing significantly to its revenue. Looking forward, Zepp Health continues to expand its product offerings and invest in strategic marketing initiatives, ensuring sustained growth and innovation.
Zepp Health's commitment to advancing health technology is further exemplified by its partnership with LiveX AI to enhance customer experiences on the Amazfit website. This collaboration utilizes AI to provide personalized and efficient customer support, setting a new standard in the industry.
For more information about Zepp Health Corporation and its innovative health technology solutions, visit www.zepp.com.
Amazfit, a smart wearable brand by Zepp Health (NYSE: ZEPP), has announced HYROX world champions Meg Jacoby and Hunter McIntyre as new brand ambassadors. This follows Amazfit's recent appointment as the Official Wearable Partner & Timekeeper of HYROX, the World Series of Fitness Racing. Jacoby, who made history by completing a HYROX race in under one hour, uses the Amazfit Cheetah Pro smartwatch. McIntyre, a three-time HYROX world champion, relies on the Amazfit T-Rex series.
Amazfit's smartwatches offer advanced features including industry-leading GPS, AI-driven training programs, and the Readiness feature for recovery insights. The partnership aims to expand Amazfit's presence in the endurance sector and drive product innovation through collaboration with elite athletes.
Zepp Health (NYSE: ZEPP) has announced a change in its American Depositary Shares (ADS) ratio from 1:4 to 1:16, effective around September 16, 2024. This change will have the same effect as a one-for-four reverse ADS split. ADS holders will need to exchange every four existing ADSs for one new ADS. The company's underlying Class A ordinary shares will not be affected, and no new shares will be issued or cancelled. Zepp Health will continue trading on the NYSE under the ticker 'ZEPP'. While the ADS trading price is expected to increase proportionately, the company cannot guarantee that it will be equal to or greater than four times the previous price.
Amazfit, a brand under Zepp Health (NYSE: ZEPP), unveiled the Amazfit T-Rex 3 smartwatch at IFA Berlin. This new model combines military-grade durability with advanced features for everyday adventurers. Key highlights include:
- 16% larger and 100% brighter AMOLED display
- Up to 27 days battery life with typical usage
- Over 170 workout modes
- Enhanced privacy protection measures
- Zepp OS 4 with integrated AI and GPT-4o technology
- Zepp Pay for contactless payments in 31 European countries
The T-Rex 3 is designed for both extreme outdoor conditions and indoor workouts, featuring advanced map and workout data visibility. Pricing starts from $279.99 USD or €299.90 Euro, with availability through official Amazfit channels and retail partners.
Zepp Health (NYSE: ZEPP) has announced significant changes to its Board of Directors, effective September 1, 2024. The company has appointed three new directors: Mr. Alain Lam (CFO of Xiaomi Group), Mr. Mike Yan Yeung (COO of Zepp Health), and Mr. Meihui Fan (CTO of Zepp Health). Simultaneously, Mr. De Liu, Ms. Yunfen Lu, and Mr. Xiaojun Zhang have resigned from the Board.
The new appointments bring extensive experience in finance, technology, and corporate governance to Zepp Health's leadership. The company expects these changes to contribute valuable expertise to its ongoing development in the smart wearables and health technology sectors.
Zepp Health's Amazfit has been named the Official Wearable Partner & Timekeeper of HYROX, the World Series of Fitness Racing, in a two-year partnership. Amazfit will provide smartwatches and the Helio Ring to support HYROX athletes, offering 24/7 health and fitness monitoring. The partnership includes:
1. Physical activation at HYROX events with live experiences and consumer shops
2. Software updates for Amazfit smartwatches with a HYROX race mode
3. Integration into HYROX365 for Training Clubs and Coaches
4. Comprehensive data insights for athletes' recovery and performance optimization
5. AI-powered Zepp Coach for personalized training plans
This collaboration aims to enhance the fitness racing experience and support athletes in reaching their peak performance.
Zepp Health (NYSE: ZEPP) reported its Q2 2024 unaudited financial results.
Revenue was US$40.6 million, a 56% decrease YoY. The net loss was US$10.8 million, with a basic and diluted net loss of US$0.04 per share and US$0.17 per ADS. Gross margin reached a record-high of 40.3%, compared to 22.0% in Q2 2023, driven by self-branded products.
R&D expenses decreased by 15.3% YoY to US$10.8 million, while S&M expenses rose by 3.3% to US$10.6 million. G&A expenses dropped by 37.2% to US$4.9 million. Total units shipped fell by 65.8% YoY to 1.3 million.
Outlook for Q3 2024 expects revenue between US$45 million and US$60 million, indicating 18% to 59% growth in self-branded product revenue compared to Q2 2024.
Zepp Health (NYSE: ZEPP) has partnered with Wild.AI to integrate a groundbreaking women's wellness app on Amazfit smartwatches, starting with the Amazfit Active series. This collaboration makes Amazfit Active the first smartwatch to offer Wild.AI's advanced health management solutions tailored specifically for women, at no cost.
The integration provides personalized readiness scores, insights, and recommendations based on menstrual and hormonal cycles, covering all life stages. Key features include:
- On-watch experience for accessing Wild.AI data
- Holistic health tracking with tailored recommendations
- Support for various life stages and 149+ types of birth control
- Seamless integration of AI and wearable technology
- Real-time personalized health insights
This partnership aims to address the gap in female-focused health technology and empower women with innovative solutions that embrace female physiology.
Zepp Health (NYSE: ZEPP), a cloud-based healthcare services provider specializing in smart wearable technology, has announced its upcoming second quarter 2024 financial results release. The company will report its unaudited financial results after the market close on Wednesday, August 21, 2024. Following the release, management will host a conference call at 9:30 p.m. Eastern Time on the same day (9:30 a.m. Beijing Time on August 22, 2024).
Investors and analysts can access the call through various toll-free and international numbers. A live and archived webcast of the conference call will also be available on the company's investor relations website. Additionally, a telephone replay will be accessible until August 28, 2024, for those unable to attend the live call.
Zepp Health (NYSE: ZEPP) unveils Zepp OS 4, integrating OpenAI's GPT-4o into its Amazfit smartwatches, including the Amazfit Active, which becomes the first smartwatch under €200 to fully incorporate AI. This update enhances Zepp Flow™ for natural language voice commands, expands language capabilities to spoken replies, and improves Bluetooth integration for peripheral control. It introduces a range of mini apps for health and fitness, such as the Workout Extension, tailored to sports enthusiasts. Since launch, Zepp Health has shipped over 200 million units and offers extensive customization with over 300 mini apps and 5,700 watch faces. Zepp OS 4 emphasizes AI-driven personalization in wellness solutions.
Zepp Health (NYSE: ZEPP) has announced new additions to its Team Amazfit athlete ambassadors: US Olympic medalist Morgan Pearson and Italian endurance runner Yemaneberhan Crippa.
Both athletes will collaborate closely with Amazfit's R&D team, enhancing product innovation and functionality. Pearson, a reigning silver medalist, recently won gold at the World Triathlon Championship Series in Japan, securing his qualification for the 2024 Olympic Games in Paris. Crippa is the European Champion in the 10,000m and has a strong presence in the international running community.
The Amazfit wearables, including the Cheetah series and the newly released Helio Ring, offer advanced features like AI-driven training regimes, industry-leading GPS technology, and comprehensive health monitoring. These devices aim to elevate athletic performance and recovery, providing real-time data and personalized training plans.
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