Niu Technologies Announces First Quarter 2020 Financial Results
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Niu Technologies (NIU) Reports Q1 Loss of $0.05 on Revenues of $7.76M
May 18, 2020 5:50 AM EDTNiu Technologies (NASDAQ: NIU) reported Q1 EPS of ($0.05). Revenue for the quarter came in at $7.76 million.
First Quarter 2020 Financial Highlights
Revenues were RMB 232.9 million, a decrease of 34.4% year over yearGross margin was 23.6%, compared with 21.3% in the first quarter of last yearNet loss was RMB 26.4 million, compared with net income of RMB 12.0 million in the first quarter of last yearAdjusted net loss (non-GAAP)1 was RMB 18.6 million, compared with adjusted net income of RMB 14.6 million in the first quarter of last yearFirst Quarter 2020 Operating Highlights
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