Categories Earnings, Technology

Viomi Technology (VIOT): Q4 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Viomi Technology (NASDAQ: VIOT) reported earnings of $0.20 per share in the fourth quarter of 2019, vs $0.24 per share expected.

— Q4 revenue rose 82% to $250.2 million, vs. $207 million expected. Revenues from IoT-enabled smart home products increased by 75.1% to $193.9 million.

— For Q1 2020, the company sees flat net revenues due to Covid-19 impact.

— Announces $10 million share repurchase plan.

— VIOT shares jumped over 11% during pre-market trading hours.

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