Secoo Holding (SECO) Tops Q4 EPS by 15c, Beats on Revenues

Note: EPS may not be comparable

Secoo Holding (NASDAQ: SECO) reported Q4 EPS of $0.25, $0.15 better than the analyst estimate of $0.10. Revenue for the quarter came in at $298.7 million versus the consensus estimate of $207.55 million.

Highlights for Fourth Quarter 2017:

• GMV1 reached RMB1,943.4 million (US$298.7 million) for Q4 2017, representing an increase of 43.9% from Q4 2016.
• Total number of orders2 was 549.4 thousand for Q4 2017, representing an increase of 57.6% from 348.7 thousand for Q4 2016.
• Number of active customers3 increased by 66.3% to 0.2 million for the Q4 2017.
• Total net revenues reached RMB1,411.6 million (US$217.0 million), increasing by 60.5 % from Q4 2016.
• Gross margin was 15.5% for Q4 2017, compared to 15.2% in Q4 2016.
• Net income increased by 74.1% to RMB47.0 million (US$7.2 million) for Q4 2017 from RMB27.0 million for Q4 2016.
• Non-GAAP net income4 increased by 224.1% to RMB87.5 million (US$13.4 million) for Q4 2017 from RMB27.0 million in Q4 2016.
• Basic and diluted net income per share was RMB1.84 (US$0.28) and RMB1.76 (US$0.27), respectively, for Q4 2017, compared to basic and diluted net loss per share of RMB19.7 and RMB19.7, respectively, for Q4 2016. Basic and diluted net income per American Depositary Share ("ADS") was RMB0.92 (US$0.14) and RMB0.88 (US$0.14), respectively, for Q4 2017, compared to basic and diluted net loss per ADS of RMB9.85 and RMB9.85, respectively, for Q4 2016. Two ADSs represent one ordinary share.
• Basic and diluted non-GAAP net income per share5 was RMB3.42 (US$0.53) and RMB3.28 (US$0.50) respectively for Q4 2017, compared to basic and diluted non-GAAP net income per share of RMB3.60 and RMB1.29, respectively, for Q4 2016. Basic and diluted non-GAAP net income per ADS was RMB1.71 (US$0.26) and RMB1.64 (US$0.25), respectively, for Q4 2017, compared to basic and diluted non-GAAP net income per ADS of RMB1.80 and RMB0.64, respectively, for Q4 2016.

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

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