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Nano Labs Ltd. Sponsored ADR Class A (NA)
NASDAQ:NA
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Sep 18, 2024
|% Change Since: 1.88%
|Next Earnings Date:Mar 25, 2025
Earnings Call Sentiment|Neutral
Nano Labs has achieved significant improvements in gross profit and reduction in net loss, along with a strategic shift towards Bitcoin investment and launching advanced technology like the Cuckoo 3.0 chip. However, they faced challenges including a decline in net revenue, increased administrative expenses, and reduced cash reserves.Company Guidance
During the second half of 2024, Nano Labs focused on strategic business expansions and financial optimizations to navigate market challenges. The company reported a net revenue of RMB15.86 million ($2.21 million), a decrease from RMB26.07 million in the same period last year, primarily due to reduced sales of the iPollo V Series product. However, they achieved a gross profit of RMB11.57 million ($1.61 million), reversing a gross loss of RMB40.55 million from the previous year. Operating expenses decreased by 38.7% to RMB51.39 million ($7.15 million), with significant reductions in research and development expenses by 61.9% and selling and marketing expenses by 17.7%. Despite a net loss of RMB60.39 million ($8.4 million), the company improved from a RMB120 million loss in the previous year. Cash and cash equivalents stood at RMB32.43 million ($4.51 million) as of December 31, 2024. The company emphasized its strategic investment in Bitcoin as a primary reserve asset, holding about 400 BTC valued at approximately $40 million, and outlined future plans to capitalize on AI and Web3.0 integration to drive growth.Introduction of Bitcoin as Primary Reserve Asset
Nano Labs has officially established Bitcoin value investment as a new business sector and designated Bitcoin as their primary reserve asset. The company holds about 400 BTC with a total purchase price of around $40 million.
Launch of Cuckoo 3.0
In December 2024, Nano Labs launched an upgraded complete machine equipped with a Cuckoo 3.0 iteration chip, delivering enhanced performance and providing key competitive advantages.
Gross Profit Improvement
The company recorded a gross profit of RMB11.57 million ($1.61 million) for the second half of 2024 compared to a gross loss of RMB40.55 million in the same period of 2023.
Decrease in Operating Expenses
Total operating expenses for the second half of fiscal year 2024 decreased by 38.7% to RMB51.39 million ($7.15 million), down from RMB83.84 million in the same period of 2023.
Reduced Net Loss
Net loss was RMB60.39 million ($8.4 million) for the second half of 2024 compared to a net loss of RMB120 million in the same period of 2023.
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Nano Labs Ltd. Sponsored ADR Class A (NA) Earnings, Revenues Date & History
NA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $4.78 | $4.62 | -3.35% |
| Sep 18, 2024 | $3.05 | $2.92 | -4.26% |
| Mar 18, 2024 | $19.75 | $17.70 | -10.38% |
| Aug 15, 2023 | $12.90 | $12.00 | -6.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nano Labs Ltd. Sponsored ADR Class A (NA) report earnings?
Nano Labs Ltd. Sponsored ADR Class A (NA) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Nano Labs Ltd. Sponsored ADR Class A (NA) earnings time?
Nano Labs Ltd. Sponsored ADR Class A (NA) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NA EPS forecast?
Currently, no data Available
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