ATRenew Full Year 2022 Earnings: Misses Expectations

ATRenew (NYSE:RERE) Full Year 2022 Results

Key Financial Results

• Revenue: CN¥9.87b (up 27% from FY 2021).
• Net loss: CN¥2.47b (loss widened by 86% from FY 2021).
• CN¥10.11 loss per share (further deteriorated from CN¥9.17 loss in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ATRenew Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Online Retail industry in the US.

Performance of the American Online Retail industry.

The company's shares are up 17% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for ATRenew that you need to be mindful of.

What are the risks and opportunities for ATRenew?

NYSE:RERE

ATRenew

ATRenew Inc., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People’s Republic of China.Show more

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Rewards

• Earnings are forecast to grow 116.32% per year

Risks

• Shareholders have been diluted in the past year

• Volatile share price over the past 3 months

View all Risks and Rewards

Share Price

Market Cap

1Y Return

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Further research on
ATRenew

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.