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NaaS Technology (NAAS)
NASDAQ:NAAS
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Earnings Data
Report Date
Apr 18, 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:Nov 15, 2018
|% Change Since: -55.25%
|Next Earnings Date:Aug 16, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted NaaS's successful strategic shift towards high-margin core charging services, achieving its first positive non-IFRS net profit. Operational efficiency improved significantly with reduced costs and increased user activity. However, the shift away from energy solutions resulted in a decline in that segment's revenue.Company Guidance
In the NaaS Third Quarter 2024 Earnings Call, the company announced achieving a positive non-IFRS net profit for the first time, marking a significant milestone. The non-IFRS net profit reached RMB 20.6 million, driven by strategic shifts, cost reductions, and efficiency gains. The core charging services business reported revenues of RMB 42.37 million, with a 36% year-over-year increase. The gross margin improved for the fourth consecutive quarter, reaching a record high of 57%. Operating costs were significantly reduced, with selling and marketing expenses decreasing to 67% of revenue, down from 160% the previous year. The number of users transacting through the NaaS platform increased by 30% year-over-year, contributing to enhanced profitability. Looking ahead, NaaS plans to focus on profitability, scale, and technology, leveraging AI and digitalized charging solutions to strengthen its market position.First Positive Non-IFRS Net Profit
NaaS achieved a positive non-IFRS net profit of RMB 20.6 million for the first time in a single quarter through strategic iteration, cost reduction, and efficiency gains.
Core Charging Services Revenue Growth
Revenues from core charging services increased by 36% year-over-year to RMB 42.37 million, with an all-time high gross margin of 57%.
Reduction in Operating Costs
Selling and marketing expenses as a percentage of revenue decreased from 160% in Q3 2023 to 67% in Q3 2024, significantly improving operational efficiency.
Increase in Platform User Activity
The number of users transacting through the NaaS platform grew by 30% year-over-year, with user activity hitting a record high.
Expansion of Charging Network
Notable expansion in the charging network with a partnership in Fujian, adding 100 stations and 1,600 chargers.
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NAAS 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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NAAS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $3.24 | $3.19 | -1.54% |
| Jul 24, 2024 | $5.70 | $6.05 | +6.14% |
| May 09, 2024 | $17.42 | $16.10 | -7.58% |
| Mar 28, 2024 | $24.80 | $22.00 | -11.29% |
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 NaaS Technology (NAAS) report earnings?
NaaS Technology (NAAS) is schdueled to report earning on Apr 18, 2025, TBA Not Confirmed.
What is NaaS Technology (NAAS) earnings time?
NaaS Technology (NAAS) earnings time is at Apr 18, 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 NAAS EPS forecast?
Currently, no data Available
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