Brief: Zepp Health Corp Reports First Quarter 2022 Unaudited Financial Results

Zepp Health

24/05/2022 11:34

May 24 (Reuters) - Zepp Health Corp  ZEPP.N :
    * REPORTS FIRST QUARTER 2022 UNAUDITED FINANCIAL RESULTS
    * Q1 GAAP LOSS PER SHARE $0.06
    * Q1 REVENUE FELL 34 PERCENT TO RMB 800 MILLION
    * QTRLY ADJUSTED DILUTED NET LOSS PER ADS US$0.19
    * SAYS FOR Q2 OF 2022, EXPECTS NET REVENUES TO BE BETWEEN
RMB1.08
BILLION AND RMB1.30 BILLION, COMPARED WITH RMB1.84 BILLION IN Q2
OF 2021
    * LOCKDOWNS IN CHINA WEAKENED CONSUMER DEMAND, POSTED
CHALLENGES
TO COMPANY'S SUPPLY CHAIN FOR QUARTER
    * SITUATION BETWEEN RUSSIA & UKRAINE AFFECT DEMAND, SALES OF
XIAOMI WEARABLE PRODUCTS & SELF-BRANDED PRODUCTS IN AFFECTED
REGIONS
    * CURRENTLY THE SITUATION DOES NOT HAVE A MATERIAL ADVERSE
IMPACT
ON THE COMPANY.

Source text for Eikon:  ID:nPn3RzfGTa 
Further company coverage:  ZEPP.N 

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