NIU - Niu Technologies Faces Challenging Quarter With E-Scooter Sales & Revenue Dip Looks To New Kick-Scooter For Global Market Growth | Benzinga
Niu Technologies (NASDAQ: NIU) reported a third-quarter FY23 revenue decline of 19.6% to RMB 927 million ($127.06 million).
Earnings per ADS were $(0.14). Adjusted net loss was RMB 70.0 million versus adjusted net income of RMB 20.2 million in the third quarter of 2022.
The number of e-scooters sold decreased by 17.1% Y/Y to 265,923, with sales in China falling by 12.4%. International e-scooter sales declined 38.4% to 35,468 units.
The number ...