Niu Technologies ADR (NIU) said before open Monday that it lost $0.23 per share in quarter four 2023.
On the revenue line, the company reported $67.4 million.
In the same quarter a year ago, the company lost $0.07 per share on revenue of $88.8 million.
The stock is down 4.49% to $1.70 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Prior to the report, InvestorsObserver gave the stock an overall score of 37. Meanwhile, the average Wall Street analyst rated the stock a Hold.
Niu Technologies designs, manufactures and sells high-performance smart e-scooters. The company has build smart e-scooters based on advanced and innovative technologies, including smart technologies, powertrain, and battery technologies and automotive-inspired functionalities. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The Group's principal operations and geographic markets are mainly in the People's Republic of China.
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Niu Technologies ADR Down 4.49% To $1.70 After Earnings
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