Bullboard - Stock Discussion Forum Zepp Health Corp ZEPP

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Zepp Health Corp, formerly Huami Corp, is a company committed to connect health with technology. It has developed a platform of proprietary technology including artificial intelligence (AI) chips, biometric sensors, and health data algorithms. It is engaged in developing smart wearable technology. It designs and develops biometric and activity data-driven fitness and smart watches. It markets... see more

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Zepp Health Corp > Zepp Health’s Q2-2024 results showed a 56% YoY

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Post by sdhaka on Sep 04, 2024 7:22pm

Zepp Health’s Q2-2024 results showed a 56% YoY

Hi guys! Zepp Health’s Q2-2024 results showed a 56% YoY revenue drop, primarily due to softer smartwatch demand and stronger competition. While revenue dipped, cost-cutting measures improved gross margins and reduced operating expenses. Global smartwatch shipments are down 9% YoY but are expected to bounce back by 5%-10% in 2024, driven by health trends and AI integration.

Zepp remains the sixth-largest player in the market and is forecasting a strong rebound in H2 with new product launches. With shares trading well below liquid assets, this might be an interesting point to reassess.

For more details, check out the full report: https://www.researchfrc.com/content/reports/post/132/revenue-dip-cost-cutting-success-eyeing-h2-recovery-

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