Zepp Health Corporation Reports Third Quarter 2024 Unaudited Financial Results By Investing.com

MILPITAS, Calif., Nov. 18, 2024 /PRNewswire/ — Zepp Health Corporation (“Zepp” or the “Company”) (NYSE: ZEPP) today reported revenues of US$42.5  million;  a basic and diluted net loss  per share of US$0.05; and a basic and diluted net loss  per ADS of US$0.82 for  the third  quarter ended September  30, 2024; adjusted  basic and diluted net loss  per share of US$0.05; and adjusted  basic and diluted net loss  per ADS of US$0.78. Each ADS represents sixteen  Class A ordinary shares.

Mr. Wang ‘Wayne’ Huang, Chairman and CEO of Zepp, commented, “I’m pleased to report that this quarter our Amazfit branded sales had a 10% quarter-over-quarter increase, the highest sequential growth we’ve achieved this year, overcoming the supply constraints of our newly launched products. This positive momentum demonstrates that the most challenging phase of our transformation is now behind us, and we are optimistic that this growth will continue into the fourth quarter as our new outdoor product, the T-Rex3 smartwatch, has received better than expected market feedback worldwide. It combines military-grade durability, cutting-edge outdoor features, and unparalleled battery life, making it the perfect companion for those seeking adventure in their everyday lives and becoming one of the most competitive smartwatch products in the sports and outdoor categories.”

Wang added, “Furthermore, introducing the Amazfit UP OWS (Open Wearable Stereo) earbuds has expanded our product ecosystem and enhanced the user experience allowing them to hear background sounds clearly while using UP earbuds for outdoor activities to enhance their safety. Additionally, we have made significant advancements in our software capabilities, with the latest updates on Zepp OS and the redesign of our Zepp App interface to enhance functionality and user engagement which received positive feedback from media and users widely.  

These developments reaffirm our commitment to innovation and meeting the evolving needs of our customers. We are particularly proud to be named as the official wearable partner and timekeeper of HYROX, the World Series of Fitness Racing, reaching over 300,000 participants per season across EU and US regions. On the marketing front, we are expanding the size of our Amazfit Athletes, this quarter we newly partnered with Spain Padel Athlete Bea Gonzalez, American Hyrox Hunter and Meg and others. These developments reaffirm our commitment to innovation and meeting the evolving…