Loading...
Loading...
Uxin Ltd UXIN reported second-quarter FY22 revenue growth of 353% year-on-year to RMB345.9 million ($53.7 million).
- The transaction volume surged by 37.5% Y/Y to 3,648 units.
- Retail vehicle sales revenue was RMB136.3 million ($21.2 million) versus RMB36.1 million in the same period last year.
- Wholesale vehicle sales revenue was RMB201.3 million ($31.2 million) compared with nil last year.
- The company posted a 4.2% gross margin versus a negative 22.4% last year.
- Uxin clocked a Non-GAAP EPS loss of $(0.01) per share. It ended Q2 with $35.8 million in cash and equivalents.
- "Total vehicle sales volume increased by 21% quarter-over-quarter, among which retail sales volume increased by 51%. As a result, our total revenues increased by 25% sequentially," said CFO Feng Lin.
- Outlook: Uxin sees Q3 revenue of RMB480 million -RMB500 million.
- Price Action: UXIN shares traded higher by 7.74% at $1.81 in the premarket trading on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in