Viomi Technology Co., Ltd Reports First Quarter 2019 Unaudited Financial Results
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Viomi Technology Co. (VIOT) Tops Q1 EPS by 2c, Revenues Beat
May 23, 2019 5:40 AM EDTViomi Technology Co. (NASDAQ: VIOT) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $100.8 million versus the consensus estimate of $98.52 million.
Net revenues reached RMB676.2 million (US$100.8 million), an increase of 104.4% from the first quarter of 2018.Gross margin was 28.0%, compared to 29.6% for the first quarter of 2018.Net income was RMB41.3 million (US$6.2 million), an increase of 40.5% from the first quarter of 2018.Non-GAAP net income1 was RMB53.1 million (US$7.9 million), an increase of 68.1% from the first quarter of 2018.Number of... More