Boqii Holding Limited (NYSE: BQ) reported Q4 EPS of ($0.09), $0.05 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $35.2 million versus the consensus estimate of $35.05 million.

Fiscal Q4 2021 Operational and Financial Highlights

• Total revenues were RMB230.4 million (US$35.2 million), an increase of 47.1% from RMB156.6 million in the same quarter of fiscal year 2020.
• Net loss was RMB41.5 million (US$6.3 million), compared to net loss of RMB28.2 million in the same quarter of fiscal year 2020.
• Adjusted net loss was RMB38.9 million (US$5.9 million), compared to adjusted net loss of RMB35.7 million in the same quarter of fiscal year 2020.
• EBITDA[1] was a loss of RMB38.8 million (US$5.9 million), compared to a loss of RMB9.4 million in the same quarter of fiscal year 2020.
• Total GMV[2] was RMB553.7 million (US$84.5 million), an increase of 50.7% from RMB367.5 million in the same quarter of fiscal year 2020.
• Active buyers were 1.3 million, an increase of 35.2% from 1.0 million in the same quarter of fiscal year 2020.

CEO & CFO Quote

"Despite challenges brought by Covid-19 and various unprecedented changes in Fiscal 2021, we completed a successful IPO last September and delivered strong results that shows upward trajectory for all four quarters. Our Full year GMV grew 56.3% to RMB2.4 billion, and average spending per active buyer grew 33.2% to RMB634.8." Mr. Hao Liang, Boqii's Founder, Chairman and Chief Executive Officer commented, "we continued to expand our portfolio of quality content, products, and services to deliver a satisfying and well-rounded customer experience. Earlier in April 2021, we announced a strategic partnership with Chinese short-video giant Kuaishou Technology to boost pet content, support pet influencers and raise more awareness on pet care. We were also able to establish a closer connection to pets and pet parents with the opening of our offline flagship store in May. I am proud of how our passion and care for pets and pet-care bring pet-lovers together into an evergrowing community."

Ms. Yingzhi (Lisa) Tang, Boqii's Co-Founder, Co-CEO and CFO commented: "We had a solid fourth quarter with a 47.1% year over year revenue growth and a 35.2% increase in active buyers. For the full year of 2021 was a year of setting new record, with revenue reaching RMB1.0 billion RMB and GMV surpassing RMB 2.4 billion. These excellent results were driven by our 3.8 million spending customers. We expect to see the trend continue long into the future as we expand our portfolio offerings and establish more key Boqii experience touchpoints."

For earnings history and earnings-related data on Boqii Holding Limited (BQ) click here.