Viomi Technology (NASDAQ:VIOT) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥2.12b (down 15% from FY 2023).
- Net income: CN¥145.8m (up from CN¥84.7m loss in FY 2023).
- Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
- EPS: CN¥2.14 (up from CN¥1.23 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Viomi Technology EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 111%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are down 2.6% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Viomi Technology that you need to be mindful of.
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