VIOT

Viomi Technology
VIOT

$1.41

8%

Market Cap: $96.3M

About: Viomi Technology Co Ltd along with its subsidiaries provides Internet of Things (IoT) enabled smart home products through its platform. It has developed an IoT Home platform, consisting of an ecosystem of IoT Home portfolio, and home water solutions, together with a suite of complementary consumable products and small appliances and others. Its product offerings include Smart kitchen products like refrigerators, oven steamers, dishwashers, and gas stoves, Other smart products such as air conditioning systems, washing machines, water heaters, smart water kettles, interactive smart screens and other smart devices, and Home water solutions include self-branded and Xiaomi-branded smart water purifiers.

Employees: 750

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

26% more capital invested

Capital invested by funds: $1.01M [Q1] → $1.28M (+$266K) [Q2]

17% more funds holding

Funds holding: 12 [Q1] → 14 (+2) [Q2]

0.11% more ownership

Funds ownership: 0.79% [Q1] → 0.9% (+0.11%) [Q2]

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

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Research analyst outlook

We haven’t received any recent analyst ratings for VIOT.

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Financial journalist opinion

Based on 4 articles about VIOT published over the past 30 days

Viomi Technology Co., Ltd Announces Completion of Certain IoT@Home Businesses Divestment

GUANGZHOU, China , Aug. 31, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced that all the conditions precedent to the divestment of certain businesses and assets related to IoT@Home portfolio products, as previously announced on July 19, 2024 (the "Transaction"), have been satisfied, and the Transaction has successfully completed. The completion of the Transaction enables the Company to embrace a new mission, "AI for Better Water," and strive to utilize AI technology to provide better drinking water solutions for households worldwide.

Viomi Technology Co., Ltd Announces Completion of Certain IoT@Home Businesses Divestment

Viomi Technology Co., Ltd (VIOT) Q2 2024 Earnings Call Transcript

Viomi Technology Co., Ltd (NASDAQ:VIOT ) Q2 2024 Earnings Conference Call August 26, 2024 8:00 AM ET Company Participants Claire Ji - Investor Relations Director Xiaoping Chen - Founder and Chief Executive Officer Conference Call Participants Jingsheng Liu - CICC Hunter Diamond - Diamond Equity Research Operator Hello, ladies and gentlemen, thank you for standing by for Viomi Technology Co Limited Earnings Conference Call for the First-Half 2024. At this time, all participants are in listen-only mode.

Viomi Technology Co., Ltd (VIOT) Q2 2024 Earnings Call Transcript

Viomi Technology Co., Ltd Reports First Half of 2024 Unaudited Financial Results

Returning to a net profit position with a net income of RMB5.6 million and a non-GAAP net income [1] of RMB16.1 million. GUANGZHOU, China , Aug. 26, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the six months ended June 30, 2024.

Viomi Technology Co., Ltd Reports First Half of 2024 Unaudited Financial Results

Viomi Technology Co., Ltd Regains Compliance with Nasdaq's Minimum Bid Price Requirement

GUANGZHOU, China , Aug. 17, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced that it has received a written notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") dated August 16, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). As previously announced, on March 26, 2024, Viomi received a notification letter from Nasdaq indicating that the Company was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company's American Depositary Shares (the "ADSs") was below US$1.00 per ADS for 30 consecutive business days.

Viomi Technology Co., Ltd Regains Compliance with Nasdaq's Minimum Bid Price Requirement

Viomi Technology Co., Ltd to Report First Half 2024 Financial Results on Monday, August 26, 2024

Earnings Call Scheduled for 8:00 A.M. ET on August 26, 2024 GUANGZHOU, China , Aug. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China , today announced that it will report its unaudited financial results for the six months ended June 30, 2024 on Monday, August 26, 2024, before the open of the U.S. markets.

Viomi Technology Co., Ltd to Report First Half 2024 Financial Results on Monday, August 26, 2024

Diamond Equity Research Releases Update Note on Viomi Technology Co., Ltd. (NASDAQ: VIOT)

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, an equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. (NASDAQ: VIOT). The update note includes detailed information on the Viomi Technology's business model, services, industry, financial results, valuation, and risks.

Diamond Equity Research Releases Update Note on Viomi Technology Co., Ltd. (NASDAQ: VIOT)

Viomi Technology Announces Strategic Business Reorganization to Enhance Core Competitiveness and Efficiency

Viomi's reorganization is significant, on the one hand, divesting loss-making businesses to bring the company's operation into a benign state; on the other hand, focusing on the home water solution business to enhance its core competitiveness, so as to become a tech company that utilizes AI technology to provide better drinking water solutions for global home users. Viomi's reorganization is significant, on the one hand, divesting loss-making businesses to bring the company's operation into a benign state; on the other hand, focusing on the home water solution business to enhance its core competitiveness, so as to become a tech company that utilizes AI technology to provide better drinking water solutions for global home users.

Viomi Technology Announces Strategic Business Reorganization to Enhance Core Competitiveness and Efficiency

Viomi Technology Co., Ltd Enters Definitive Agreements to Divest Certain IoT@Home Businesses in an Effort to Strategically Focus on Home Water Solution Businesses

GUANGZHOU, China , July 19, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT) today announced that, to implement its "Focus" strategy for home water solution businesses, it has entered into definitive agreements with Mr. Xiaoping Chen, the Company's Founder, Chairman of the Board of Directors, and CEO, and an entity controlled by Mr.

Viomi Technology Co., Ltd Enters Definitive Agreements to Divest Certain IoT@Home Businesses in an Effort to Strategically Focus on Home Water Solution Businesses

Viomi Technology Co., Ltd Filed 2023 Annual Report on Form 20-F

GUANGZHOU, China , April 25, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that the Company has filed its annual report on Form 20-F for the full year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 25, 2024. The annual report is available on the Company's investor relations website at ir.viomi.com and on the SEC's website at www.sec.gov.

Viomi Technology Co., Ltd Filed 2023 Annual Report on Form 20-F

Viomi Announces Receipt of Minimum Bid Price Notice from Nasdaq

GUANGZHOU, China , March 27, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated March 26, 2024, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the Company is provided with a compliance period of 180 calendar days, or until September 23, 2024, to regain compliance.

Viomi Announces Receipt of Minimum Bid Price Notice from Nasdaq

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