Viomi Technology Announces Q4 and Year-End Financial Results

Viomi Technology (NASDAQ:VIOT) announced unaudited fourth quarter and 2018 year-end results, with net revenue increasing by 142.6% to total $139.0 million. Viomi Technology provides smart-home products such as a 5G-enabled refrigerators and instant-heating water heaters within their IoT suite of products.

“We are once again pleased to report strong operational and financial results for the fourth quarter of 2018 that exceeded our expectations, capping off an extraordinary year for Viomi,” said Mr. Xiaoping Chen, Founder, Chairman of the Board of Directors and Chief Executive Officer of Viomi. “Net revenues increased over 140% year-over-year in the fourth quarter and approximately 200% year-over-year for the full year of 2018. In the quarter, we continued to experience robust market demand across our product portfolio, successfully strengthened our channel presence both online and offline and further expanded our household user base.”

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