Viomi Technology (NASDAQ: VIOT) reported its full-year 2023 results, with a revenue of CN¥2.49 billion, a 23% decrease from FY 2022. The net loss was CN¥84.7 million, which narrowed by 69% from the previous year. However, the revenue and earnings missed analyst expectations, with revenue falling short by 12% and earnings per share (EPS) missing estimates by 140%.
Looking ahead, the forecast predicts a 21% annual growth in revenue over the next two years, compared to a 5.1% industry growth forecast for Consumer Durables in the US. Despite this positive outlook, Viomi Technology’s shares have seen a decline in value, dropping by 8.8% in just one week. It is important for investors to consider the risks associated with investing in Viomi Technology and be mindful of potential warning signs that may impact their investment decisions.
The American Consumer Durables industry has been performing poorly, with Viomi Technology’s shares being affected by this decline. If you have any feedback or concerns about the content of this article or want to learn more about investing in Viomi Technology or other stocks, you can contact us directly or via email. This article is based on historical data and analyst forecasts and aims to provide long-term focused analysis driven by fundamental data without considering recent company announcements or qualitative material. It is not financial advice and does not recommend buying or selling any stock without considering your specific objectives and financial situation.
