VIOT Earnings Prediction
The chart below shows how VIOT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VIOT sees a -9.95% change in stock price 10 days leading up to the earnings, and a -6.43% change 10 days following the report. On the earnings day itself, the stock moves by -4.01%. This data can give you a slight idea of what to expect for the next quarter's release.
VIOT Key Earning Data
2024/Q4
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VIOT Earnings Analysis
Viomi Technology Co., Ltd American Depositary Shares Corporation (VIOT.O) Earnings Conference Call
Positive
Home Water Solutions Revenue Growth: Core home water solution products revenue grew by nearly 13% year-over-year, contributing to an overall gross margin improvement to 24.8% from 22% in the prior year.
Cost Control Success: Rigorous cost control measures led to a 19.2% year-over-year decline in operating expenses, resulting in a net income of RMB5.6 million and a non-GAAP net income of RMB16.1 million.
Strong Cash Position: The company maintained a strong cash position with free cash assets totaling RMB914.3 million as of June 30, 2024.
Home Water Solutions Revenue Growth: The revenues from home water solutions increased by 12.9% to RMB323.5 million, driven by an intensified focus on water purification products.
Brand Ranking and Value: Viomi ranked 439th in 2024 China's top 500 brand list, with a brand value of RMB13.336 billion, reflecting strong brand recognition and market presence.
Negative
Revenue Decline Analysis: Net revenues decreased by 20.2% to RMB1,040.2 million from RMB1,304.4 million for the same period of 2023, primarily due to a strategic shift away from the IoT @ Home portfolio.
IoT Revenue Decline: Revenues from the IoT @ Home portfolio fell by 30.3% to RMB482 million from RMB691.7 million year-over-year, reflecting the company's decision to phase out underperforming SKUs.
Small Appliances Revenue Decline: Revenues from small appliances and others plummeted by 48% to RMB98.9 million from RMB190.2 million compared to the same period last year, indicating significant challenges in this segment.
Gross Profit Decline: Gross profit declined to RMB258.1 million from RMB286.8 million for the same period of 2023, despite an increase in gross margin, highlighting overall revenue challenges.
Rising Administrative Expenses: General and administrative expenses increased by 6.2% to RMB41.2 million, driven by higher professional fees and depreciation, which could indicate rising operational costs despite overall cost control efforts.
VIOT FAQs
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VIOT Earning Call Sentiment
Viomi Technology Co., Ltd (VIOT) Q2 2024 Earnings Call Transcript
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VIOT.O
-0.67%Positive
The earnings call summary indicates a 20.2% decline in net revenues and a 30.3% drop in IoT revenues, with strategic divestments and SKU streamlining suggesting operational challenges. Despite a 12.9% increase in Home Water Solutions revenues, the lack of share buyback or dividend programs and unclear guidance in the Q&A section contribute to a negative outlook. The absence of a new partnership announcement and vague responses from management further dampen sentiment, leading to an expected stock price movement in the negative range of -2% to -8% over the next two weeks.