Viomi Technology’s Full Year 2023 Earnings Fall Short of Expectations

Viomi Technology’s 2023 Financial Report: Analyzing Performance, Growth Potential and Risks in the Consumer Durables Market

Viomi Technology (NASDAQ: VIOT) released its full-year 2023 financial report, showing a revenue of CN¥2.49 billion, a 23% decrease from the previous year. Despite this, the company’s net loss narrowed by 69% to CN¥84.7 million and the loss per share improved from CN¥3.97 in FY 2022 to CN¥1.23.

However, analysts expected higher revenue and earnings per share (EPS), with revenue falling short by 12% and EPS missing estimates by 140%. Looking ahead, Viomi Technology forecasts a 21% annual growth in revenue over the next two years, compared to a 5.1% industry growth forecast for Consumer Durables in the US.

Despite this growth potential, there are risks associated with investing in Viomi Technology that investors should be aware of. Firstly, the company has underperformed in recent years and its shares have dropped by 8.8% in just one week. Secondly, there is potential volatility in the consumer durables market as it continues to adjust to changing consumer preferences and economic conditions.

If you have any feedback or concerns about this article, please feel free to contact us directly or via email. This analysis is based on historical data and analyst forecasts using an unbiased methodology. It is not financial advice and does not recommend buying or selling any stock without considering your specific objectives and financial situation. Simply Wall St aims to provide long-term focused analysis driven by fundamental data, though the analysis may not include the latest company announcements or qualitative material.

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