Boqii Registers 8.4% Revenue Growth In Q4

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  • Boqii Holding Ltd BQ reported fourth-quarter FY22 sales growth of 8.4% year-on-year, to RMB249.9 million ($39.41 million), slightly missing the consensus of $39.46 million.
  • The gross profit grew 18.7% to RMB53.7 million ($8.5 million), and the gross margin expanded 190 basis points to 21.5%.
  • Operating expenses for the quarter decreased 3.8% to RMB78.3 million.
  • The operating loss for the quarter narrowed to RMB(24.4) million or $(3.8) million).
  • The gross merchandise value (GMV) for the quarter increased 9.4% Y/Y to RMB606 million ($95.59 million).
  • Active buyers rose 14.8% Y/Y to 1.5 million.
  • The company held RMB290.9 million ($45.9 million) in cash and equivalents as of March 31, 2022.
  • EBITDA loss for the quarter narrowed to RMB(18.7) million from a loss of RMB(38.8) million last year.
  • Loss per share of RMB(0.33) or $(0.05) beat the consensus loss of $(0.06).
  • Price Action: BQ shares closed higher by 14.5% at $2.24 on Friday.
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Posted In: EarningsNewsPenny StocksBriefs

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