UBTECH ROBOTICS CORP LTD Class H (HK:9880) has released an update.
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UBTECH ROBOTICS CORP LTD has reported its unaudited consolidated interim financial results for the first half of 2024, showing an increase in revenue to RMB 487,229,000 from RMB 261,139,000 in the previous year. Despite the higher revenue, the company still experienced a substantial operating loss and a total loss for the period, albeit slightly lower than in 2023. After adjustments for non-GAAP measures, the net loss and adjusted EBITDA showed a modest improvement over the previous reporting period.
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