- Dada Nexus Ltd DADA reported second-quarter FY22 sales growth of 54.7% year-on-year, to RMB2.28 billion.
- The number of active customers for the twelve months ended June 30, 2022, was 72.8 million versus 51.3 million last year.
- Dada Now revenues increased 37.4% Y/Y to RMB815.6 million, and JDDJ revenues climbed 66.3% Y/Y to RMB1.47 billion.
- The loss from operation narrowed to RMB(608.7) million from RMB(665.8) million last year.
- The company held RMB4.35 billion in cash and equivalents as of June 30, 2022.
- Adjusted loss per share for the quarter was RMB(0.41) versus a loss of RMB(0.58) last year.
- Outlook: Dada sees Q3 revenue of RMB2.350 billion - RMB2.450 billion, representing year-over-year growth of 39% - 45%.
- Price Action: DADA shares are trading higher by 5.97% at $6.92 in premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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