RERE - ATRenew GAAP EPS of $0.04 revenue of $418.2M
2023-05-23 04:33:17 ET
- ATRenew press release ( NYSE: RERE ): Q1 GAAP EPS of $0.04.
- Revenue of $418.2M.
- Loss from operations was RMB67.6 million (US$9.8 million), compared to RMB134.8 million in the first quarter of 2022. Adjusted income from operations (non-GAAP) 1 was RMB44.4 million (US$6.5 million), compared to RMB3.9 million in the first quarter of 2022.
- Number of consumer products transacted 2 was 7.9 million, compared to 8.4 million in the first quarter of 2022.
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Net loss was RMB50.0 million (US$7.3 million), compared to RMB161.4 million in the same period of 2022. Adjusted net income (non-GAAP) 1 was RMB50.1 million (US$7.3 million), compared to adjusted net loss of RMB35.8 million in the same period of 2022.
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Basic and diluted net loss per ordinary share were RMB0.31 (US$0.04), compared to RMB0.99 in the same period of 2022.
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Q2 Outlook : Company currently expects its total revenues to be between RMB2,850.0 million and RMB2,950.0 million. This forecast only reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
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ATRenew GAAP EPS of $0.04, revenue of $418.2M