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Recap: Niu Technologies Q1 Earnings

Shares of Niu Technologies (NASDAQ:NIU) moved higher by 4.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share decreased 317.39% year over year to ($0.05), which missed the estimate of ($0.02).

Benzinga · 05/18/2020 11:20

Shares of Niu Technologies (NASDAQ:NIU) moved higher by 4.9% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 317.39% year over year to ($0.05), which missed the estimate of ($0.02).

Revenue of $32,897,000 declined by 37.85% from the same period last year, which beat the estimate of $32,500,000.

Guidance

Niu Technologies hasn't issued any earnings guidance for the time being.

Q2 revenue expected to be between $82,618,000 and $92,504,000.

Conference Call Details

Date: May 18, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/5ihc8mnn

Technicals

52-week high: $10.10

52-week low: $5.33

Price action over last quarter: Up 25.83%

Company Overview

Niu Technologies designs, manufactures, and sells high-performance smart e-scooters. The company has build the 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.