Advertisement
Singapore markets closed

  • Straits Times Index

    3,300.04
    -3.15 (-0.10%)
     

  • S&P 500

    5,193.28
    +12.54 (+0.24%)
     

  • Dow

    38,918.04
    +65.77 (+0.17%)
     

  • Nasdaq

    16,374.72
    +25.47 (+0.16%)
     

  • Bitcoin USD

    63,810.79
    +317.50 (+0.50%)
     

  • CMC Crypto 200

    1,321.65
    -43.47 (-3.19%)
     

  • FTSE 100

    8,316.29
    +102.80 (+1.25%)
     

  • Gold

    2,323.50
    -7.70 (-0.33%)
     

  • Crude Oil

    78.29
    -0.19 (-0.24%)
     

  • 10-Yr Bond

    4.4270
    -0.0620 (-1.38%)
     

  • Nikkei

    38,835.10
    +599.03 (+1.57%)
     

  • Hang Seng

    18,479.37
    -98.93 (-0.53%)
     

  • FTSE Bursa Malaysia

    1,605.68
    +8.29 (+0.52%)
     

  • Jakarta Composite Index

    7,123.61
    -12.28 (-0.17%)
     

  • PSE Index

    6,618.58
    -33.91 (-0.51%)
     

Dada Nexus Full Year 2023 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1-min read

Dada Nexus (NASDAQ:DADA) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥10.5b (up 12% from FY 2022).

  • Net loss: CN¥1.96b (loss narrowed by 2.5% from FY 2022).

  • CN¥7.52 loss per share (improved from CN¥7.91 loss in FY 2022).

revenue-and-expenses-breakdown
revenue-and-expenses-breakdown

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dada Nexus Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 183%.

In the last 12 months, the only revenue segment was Business Services contributing CN¥10.5b. Notably, cost of sales worth CN¥6.53b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥4.47b (75% of total expenses). Explore how DADA's revenue and expenses shape its earnings.

ADVERTISEMENT

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Retailing industry in the US.

Performance of the American Consumer Retailing industry.

The company's shares are up 8.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Dada Nexus has 2 warning signs we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.