Hey, hey, hey financial fans! It’s time to talk about NIO, the Chinese electric-vehicle superstar! Now, they may have booked a fourth-quarter loss that was wider than expected, but that doesn’t matter because this company is on fire! Wall Street was looking for a loss of 26 cents a share, but NIO reported a loss of 51 cents a share on revenue of $2.33 billion. And get this, they delivered 40,052 vehicles in the fourth quarter, which is a 60% increase from the same quarter last year! Can you say, ”Wow!” And total revenues were RMB16,063.5 million (US$2,329.0 million), which is a 62.2% increase from the fourth quarter of 2021! Now, I know you may be thinking, ”But wait, the stock is up even though guidance for the first quarter was below expectations.” Well, don’t worry, my friends, because NIO was bailed out by Chinese economic data! Cash and cash equivalents, restricted cash, short-term investments, and long-term time deposits were RMB45.5 billion (US$6.6 billion) as of December 31, 2022. And, they had total revenues of RMB49,268.6 million (US$7,143.3 million) for the full year of 2022, which is a 36.3% increase from the previous year! Yes, there was a net loss of RMB14,437.1 million (US$2,093.2 million) for the full year of 2022, but excluding share-based compensation expenses, adjusted net loss (non-GAAP) was RMB12,141.2 million (US$1,760.3 million) for the full year of 2022, representing an increase of 303.8% from the previous year. So, my financial friends, buckle up and get ready for the ride because NIO is going places!
Join this channel to get access to perks:
FREE MONEY:
1 Free Robinhood stock:
Get 2 Free stocks with Webull when you invest $100 on your first deposit
Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
SOURCES:
