Secoo Reports Unaudited Second Quarter 2018 Results
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Secoo Holding (SECO) Misses Q2 EPS by 2c, Revenues Beat
September 6, 2018 6:18 AM EDTSecoo Holding (NASDAQ: SECO) reported Q2 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $184.4 million versus the consensus estimate of $163.78 million.
GMV1 reached RMB1,653.4 million (US$249.9 million) for Q2 2018, representing an increase of 44.7% from RMB1,142.6 million for Q2 2017.Total number of orders2 was 455.9 thousand for Q2 2018, representing an increase of 49.7% from 304.6 thousand for Q2 2017.Number of active customers3 increased by 97.6% to 255.5 thousand for Q2 2018 from 129.3 thousand for Q2 2017. Total net revenues reached RMB1,220.1 million (US$184.4 million) for Q2 2018, increasing by 55.5 % from... More