Viomi Technology Co. (VIOT) Reports Q3 Adjusted Net Loss of $3.4M
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Viomi Technology Co., Ltd Reports Third Quarter 2021 Unaudited Financial Results
November 24, 2021 5:00 AM ESTGUANGZHOU, China, Nov. 24, 2021 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.
Third Quarter 2021 Financial and Operating Highlights
Net revenues reached RMB1,056.5 million (US$164.0 million), compared to RMB1,486.7 million for the third quarter of 2020. Gross margin was 22.7%, compared to 17.1% for the third quarter of 2020. Number of cumulative household users reached approximately 6.3 million, compared to... More