- Quhuo Ltd’s (NASDAQ:QH) revenue for FY22 fell 5.1% Y/Y to $553.9 million, primarily due to the decrease in delivery orders.
- Revenues for the year’s second half slumped 10.5% to $283.7 million.
- Gross profit for FY22 increased 43.9% year-over-year to $36.6 million, while gross margin expanded by 220 basis points to 6.6%, driven by the company’s effective business development strategy.
- Quhuo turned its adjusted net loss of RMB(122.3) million in 2021 to an adjusted net income of RMB3.3 million ($0.5 million) in 2022.
- Operating income was RMB35.6 million, compared to an operating loss of RMB(139.8) million in 2021.
- Quhuo plans to explore integrating the chatbot model trained by AI, which has recently gained significant attention, into the B&B vertical business.
- The company expects to experience robust growth in the first half of 2023, reflecting the anticipated macro environment of post-COVID-19 recovery and restored tourism consumption.
- Price Action: QH shares are trading lower by 2.52% at $1.6085 on the last check Friday.
Nike Q1 Earnings Highlights: Revenue And EPS Beat, Investors Pull Back On Inventory, China Concerns
Apparel and footwear company Nike Inc (NYSE: NKE) reported first-quarter financial results after market close Thursday. Here are the key highlights for Nike investors.
