Secoo Holding (SECO) Reports Q3 EPS of $0.60 on Revenues on $209.6M

Secoo Holding (NASDAQ: SECO) reported Q3 EPS of $0.60. Revenue for the quarter came in at $209.6 million.

Highlights for Third Quarter 2017:

• GMV1 reached RMB1,394.4 million (US$209.6 million) for Q3 2017, representing an increase of 65.4% from Q3 2016.
• Total number of orders2 was 372.3 thousand for Q3 2017, representing an increase of 61.4% from 230.7 thousand for Q3 2016.
• Number of active customers3 increased by 43.6% to 158 thousand for Q3 2017.
• Total net revenue reached RMB982.2 million (US$147.6 million), up 44.2% from Q3 2016.
• Gross margin was 17.0% for Q3 2017, compared with 16.2% in Q3 2016.
• Net income increased by 902.9% to RMB34.1 million (US$5.1 million) for Q3 2017 compared with RMB3.4 million for Q3 2016.
• Non-GAAP net income4 increased by 1,067.6% to RMB39.7 million (US$6.0 million) for Q3 2017, from RMB3.4 million in Q3 2016.
• Basic and diluted net loss per share was RMB0.61 (US$0.09) for Q3 2017, compared with RMB21.58 for Q3 2016. Basic and diluted net loss per American Depositary Share ("ADS") was RMB0.30 (US$0.05) for Q3 2017, compared with RMB10.79 for Q3 2016. Two ADSs represent one ordinary share.
• Basic and diluted non-GAAP net income per share5 was RMB4.28 (US$0.64) and RMB3.96 (US$0.60) respectively for Q3 2017, compared with basic and diluted non-GAAP net income per share of RMB0.45 and RMB0.45, respectively, for Q3 2016. Basic and diluted non-GAAP net income per ADS was RMB2.14 (US$0.32) and RMB1.98 (US$0.30) respectively for Q3 2017, compared with basic and diluted non-GAAPnet income per ADS of RMB0.22 and RMB0.22, respectively, for Q3 2016.

For earnings history and earnings-related data on Secoo Holding (SECO) click here.

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