Key NIO Q2 Metrics
Chinese EV maker NIO announced second-quarter results, let’s take a quick overview.
$NIO Inc(NIO.US$reported asecond-quarter lossof$52 million, or a loss of3 cents per share, on a non-GAAP basis. This compares to the year-ago loss of 18 cents per share and the consensus loss estimate of 11 cents per share.
Revenuescame in at$1.3084 billion,up 127.2%from the year-ago's $550.47 million and exceeding the consensus estimate of $1.298 billion. The company had previously guided to second-quarter revenues of $1.243 billion to $1.298 billion.
Vehicle salesaccounted for$1.2254 billionor 93.7% of the total revenues.
In the first quarter, the manufacturer of premium EVs reported a narrower loss of 4 cents per share on revenues of $1.22 billion.
Second-quarter vehicle marginwas at20.3%compared to 21.2% in the first quarter. A year-ago, vehicle margin was at 9.7%.
Nio ended the second quarter with a cash balance of $7.5 billion compared to the $7.3 billion at the end of the first quarter.
Click to see the original report>>
What do you think about the future of $NIO Inc(NIO.US$?
Tell about your thoughts~
$NIO Inc(NIO.US$reported asecond-quarter lossof$52 million, or a loss of3 cents per share, on a non-GAAP basis. This compares to the year-ago loss of 18 cents per share and the consensus loss estimate of 11 cents per share.
Revenuescame in at$1.3084 billion,up 127.2%from the year-ago's $550.47 million and exceeding the consensus estimate of $1.298 billion. The company had previously guided to second-quarter revenues of $1.243 billion to $1.298 billion.
Vehicle salesaccounted for$1.2254 billionor 93.7% of the total revenues.
In the first quarter, the manufacturer of premium EVs reported a narrower loss of 4 cents per share on revenues of $1.22 billion.
Second-quarter vehicle marginwas at20.3%compared to 21.2% in the first quarter. A year-ago, vehicle margin was at 9.7%.
Nio ended the second quarter with a cash balance of $7.5 billion compared to the $7.3 billion at the end of the first quarter.
Click to see the original report>>
What do you think about the future of $NIO Inc(NIO.US$?
Tell about your thoughts~
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Trade like a pro.
38KFollowers
80Following
25KVisitors
Follow
Johnnie Worker : The competition is going up obviously, cuz NIO’s profit margin goes down $NIO Inc (NIO.US)$
skite88 : It's a keeper
Ray2021 : Long term prospects still looks good as company is expanding to Europe. Short term, expect some violation to price movement. Sell on news effect
Nemesis Lee : Huat ah!
Nemesis Lee : Damn it…. NIO always crashed even with good earnings….
William Teh 郑鈺潓 : Losses have declined markedly, from 18 to 3. Hopefully, they can turn losses into profits next quarter.
Dylinh : NIO will prevail and go up
letsgetmoney : I believe the future of NIO is very bright. If it was my decision & I had a $1000 to put on NIO and HODL I would