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Stock impact report

Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit [Yahoo! Finance]

Viomi Technology Co., Ltd - American Depositary Shares (VIOT) 
Last viomi technology co., ltd - american depositary shares earnings: 3/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Based on the financial report, the net revenues were US$143.1 million, net income attributable to ordinary shareholders of the Company was US$0.8 million. According to the management's preliminary estimates, excluding the divested businesses, the estimated revenues from the remained businesses, mainly home water solution businesses and others, were more than US$110 million, with an estimated income from operations of more than US$7 million for the first half of 2024. In the meantime, the Company issued the full year guidance with the estimated revenues from the core home water businesses and others to be between US$240 million to US$260 million, and the income from operations between US$15 million to US$18 million. Focus on AI Water, Returns to Profit On July 19, 2024, the Company announced a major business reorganization, and will mainly focus on its core strengths in the home water solutions to elevate the Company's overall operational trajectory. The reorganization is expected Show less Read more
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