Zepp Health Corporation - ADR

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Zepp Health Corp Reports First Quarter 2022 Unaudited Financial Results

Published: 05/24/2022 10:41 GMT
Zepp Health Corporation - ADR (ZEPP) - Reports First Quarter 2022 Unaudited Financial Results.
Q1 GAAP Loss per Share $0.06.
Q1 Revenue Fell 34 Percent to Rmb 800 Million.
Qtrly Adjusted Diluted Net Loss per Ads Us$0.19.
Says for Q2 of 2022, Expects Net Revenues to Be Between Rmb1.08 Billion and Rmb1.30 Billion, Compared With Rmb1.84 Billion in Q2 of 2021.
Lockdowns in China Weakened Consumer Demand, Posted Challenges to Company's Supply Chain for Quarter.
Situation Between Russia & Ukraine Affect Demand, Sales of Xiaomi Wearable Products & Self-branded Products in Affected Regions.
Currently the Situation Does Not Have a Material Adverse Impact on the Company.