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.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top