2023-08-14 03:09:41 ET
- Niu Technologies press release ( NASDAQ: NIU ): Q2 GAAP EPADS of $0.00.
- Revenue of $114.3M (+0.1% Y/Y).
- Q2 Total Volume of e-scooter sales up 1.5% Y/Y.
- Gross margin was 23.1%, compared with 20.3% in the second quarter of last year.
- The number of e-scooters sold was 211,996, up 1.5% year over year.
- The number of e-scooters sold in China was 178,567, down 1.0% year over year.
- The number of e-scooters sold in the international markets was 33,429, up 17.1% year over year.
- Outlook: NIU expects revenues of the third quarter 2023 to be in the range of RMB 1,153 million to RMB 1,326 million, representing a year-over-year increase of 0% to 15%.
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Niu Technologies GAAP EPADS of $0.00, revenue of $114.3M; initiates Q3 outlook