RLX Technology Inc. (RLX) Tops Q4 EPS by 1c

March 26, 2021 6:19 AM EDT

RLX Technology Inc. (NYSE: RLX) reported Q4 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $248 million, versus $0 reported last year.

Business Outlook

For the first quarter of 2021, the Company currently expects net revenues to exceed RMB2,300 million, and expects non-GAAP net income to exceed RMB590 million. The Company's expected net income will also include share-based compensation expenses which depend on the Company's share price and are not available without unreasonable efforts. The Company 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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