2023-03-13 05:28:00 ET
Summary
- RLX’s revenue plunged 82% in the fourth quarter, capping a year when it was hit by a steady stream of new regulation and a 37% excise tax.
- The vaping company’s stock trades at a premium to its peers, as analysts see its situation stabilizing and revenue declines moderating this year.
- The company could well be set for a strong rebound in the year ahead now that the regulatory air is finally clear and Covid restrictions are in the past, even if it still faces a long road to return to its previous size.
For further details see:
RLX Gets Smoked In Fourth Quarter, But Sees Clearer Air Ahead