RLX Technology Inc. (RLX) Reports Q1 EPS of $0.06

June 2, 2021 6:22 AM EDT

RLX Technology Inc. (NYSE: RLX) reported Q1 EPS of $0.06. Revenue for the quarter came in at $366.1 million.

Business Outlook:

For the second quarter of 2021, the Company currently expects net revenues to exceed RMB2,850 million, and expects non-GAAP net income to exceed RMB720 million. The Company's expected GAAP net income will include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company currently also expects gross margin to remain steady.

The above outlook is based on the current market conditions, including those related to the COVID-19 pandemic, and reflects the Company's preliminary estimates of market and operating conditions, and users' demand, which are all subject to change. Please refer to "Safe Harbor Statement" in this press release for risks associated with forward-looking statements.

For earnings history and earnings-related data on RLX Technology Inc. (RLX) click here.

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