Categories Earnings, Technology

Uxin Limited (UXIN): Q3 2019 Earnings Snapshot

— Uxin Limited (NASDAQ: UXIN) reported Q3 2019 loss of RMB0.30, or $0.04 per share, vs. $0.14 expected.

— Revenues grew 33.4% to RMB461.4 million, or $65.2 million, vs. $135 million expected.

— 2C revenue was RMB327.5 million, or $46.3 million, up 246.9% year-over-year.

— 2B revenue was RMB71.7 million, or $10.1 million, down 62.5% year-over-year.

— 2C transaction volume increased 107.3% to 23,566 units.

— 2B transaction volume decreased 66.6% to 30,658 units.  

— 2C GMV increased to RMB2,828 million, representing a year-over-year growth of 110.0%.

 — 2B GMV decreased to RMB1,537 million, representing a year-over-year decline of 64.1%.

— Q4 2019 total revenues are estimated to be RMB540 million to RMB560 million.

— Q4 2019 adjusted loss from continuing operations are projected to be RMB150 million to RMB170 million.

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