Loading...
Loading...
- Quhuo Ltd QH reported second-quarter revenue growth of 81.1% year-over-year to RMB991.8 million ($153.6 million), beating the consensus of $143.76 million.
- Revenues from on-demand delivery solutions increased 74.1% Y/Y, mobility service solutions surged 336.9% Y/Y, and housekeeping and accommodation solutions increased 56 times year-over-year.
- Adjusted net income was RMB9.9 million ($1.5 million), compared to RMB21 million in 2Q20.
- Quhuo reported an operating loss of RMB(14.7) million or $(2.3) million, compared to an operating profit of RMB29.6 million in 2Q20.
- Adjusted EBITDA improved to RMB29.1 million ($4.5 million), compared to RMB(78.5) million in Q1 FY21.
- G&A expenses were RMB84.7 million ($13.1 million), increasing 187.2% Y/Y due to increased share-based compensation and professional service expenses.
- Quhuo provided services in 1,205 business circles across 139 cities nationwide in Q2, compared to 952 business circles across 75 cities in the same period in 2020.
- As of June 30, 2021, the company had cash and equivalents of RMB248.6 million ($38.5 million) and short-term debt of RMB141.6 million ($21.9 million).
- Q3 outlook: Quhuo expects total revenues of RMB1.10 billion-RMB1.20 billion, representing an increase of 43%-56% year-over-year.
- Price Action: QH shares are trading higher by 11.24% at $2.87 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in