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Stock impact report

Naas Technology Inc (NAAS) Q3 2024 Earnings Call Highlights: Record Gross Margin and Strategic ... [Yahoo! Finance]

NaaS Technology Inc. - American Depositary Shares (NAAS) 
Company Research Source: Yahoo! Finance
Gross Margin: Reached an all-time high of 57% in Q3 2024. Selling and Marketing Expenses: Decreased to 67% of revenue in Q3 2024 from 160% in Q3 2023. Transaction Users: Increased by 34% year-over-year. Energy Solutions Revenue: RMB0.56 million, reflecting a strategic shift to high-margin platform business. Operating Expenses: Sales expenses decreased by 81% year-over-year. Connected Chargers: Increased by 49% year-over-year. Warning! GuruFocus has detected 3 Warning Signs with NAAS. Release Date: November 20, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Naas Technology Inc ( NASDAQ:NAAS ) achieved a positive non-IFRS net profit for the first time in a single quarter, reaching RMB20.6 million. The company's core charging services business reported a 36% year-over-year revenue increase, reaching RMB42.37 million. Gross margin improved for four consecutive quarters, reaching an all-time high of 57% in the Show less Read more
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