VXUS - Electric Scooter Company Niu Tech Stock Falls After Q1 Print Read The Details | Benzinga
Niu Technologies (NASDAQ:NIU) reported a fiscal first-quarter 2024 revenue growth of 21.0% to 504.7 million Chinese yuan ($69.91 million), mainly due to an increase in sales volume of 36.8% partially offset by a decrease in revenues per e-scooter of 11.6%.
The company reported earnings per ADS of $(0.10). Adjusted net loss was CNY (48.5) million versus CNY (46.1) million a year ago. The stock price declined after the print.
The number of e-scooters sold increased by ...