Viomi Technology Co., Ltd Reports Second Quarter 2019 Unaudited Financial Results
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Viomi Technology Co. (VIOT) Tops Q2 EPS by 6c
August 21, 2019 5:49 AM EDTViomi Technology Co. (NASDAQ: VIOT) reported Q2 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $169 million versus the consensus estimate of $168.3 million.
Second Quarter 2019 Financial and Operating Highlights
Net revenues reached RMB1.16 billion (US$169.0 million), an increase of 63.6% from the second quarter of 2018.Gross margin was 26.6%, compared to 27.0% for the second quarter of 2018.Net income was RMB88.9 million (US$13.0 million), an increase of 117.6% from the second quarter of 2018. Net income margin was 7.7%, compared to 5.8% for the second quarter of 2018.Non-GAAP net... More