Niu Technologies Full Year 2023 Earnings: Misses Expectations
Niu Technologies (NASDAQ:NIU) Full Year 2023 Results
Key Financial Results
Revenue: CN¥2.65b (down 16% from FY 2022).
Net loss: CN¥271.8m (loss widened by 450% from FY 2022).
CN¥3.47 loss per share (further deteriorated from CN¥0.64 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Niu Technologies Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 21%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto industry in the US.
Performance of the American Auto industry.
The company's shares are up 18% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Niu Technologies that you should be aware of.
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