Dada Nexus Records 55% Revenue Growth In Q2

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.

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