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Dada surged more than 8% in premarket trading

Tiger Newspress2021-06-08

(June 8) Dada surged more than 8% in premarket trading.

Hours ago, Dada Nexus reports Q1 adjusted lossof RMB0.65 per share vs. a loss of RMB1.11 per share in lastyear's quarter.

Total net revenues rose 52.1% Y/Y to RMB1,672.8 million.

Non-GAAP loss from operations was RMB648.1 million, compared with RMB205.5 million.

As of March 31, 2021, the Company had RMB5,485.8 million in cash, cash equivalents, restricted cash and short-term investments.

Total Gross Merchandise Volume of JDDJ for the twelve months ended March 31, 2021 rose 79% Y/Y to RMB28.1 billion.

Number of active consumers for the twelve months ended March 31, 2021 rose 67% Y/Y to 46.1M.

Q2 Outlook:Total revenue of RMB1.4B-1.45B (about $219-$226.9M) vs. a consensus of $244.4M.

“We delivered another solid quarter and expect the strong growth momentum will continue,” said Beck Chen, Chief Financial Officer of Dada. “We expect the pro forma growth of total revenue of the Q2 will be 72% to 78%, adjusting the revenue recognition of last-mile delivery services to net basis in Q2 of 2020 and 2021. We are excited with JDDJ’s strong growth momentum, and are confident that year-over-year growth rate of JDDJ’s revenue will be over 80% in Q2 and will further accelerate in the second half of 2021.”

The Company also announces $150 million share repurchase plan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment37

  • Csslion
    ·2022-08-11
    A
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  • Csslion
    ·2021-08-03
    Great
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  • Meshaarias72
    ·2021-06-08
    Like n comment pls
    Reply
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  • PPWAPAM_KenZhu
    ·2021-06-08
    Good news
    Reply
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  • ZyonGoh
    ·2021-06-08
    Good
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  • Agunia
    ·2021-06-08
    Good buy? Hard to say
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  • Hodl2themoon
    ·2021-06-08
    Worth considering to buy! Please like and comment!
    Reply
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  • geraldwwx
    ·2021-06-08
    Sigh thought it’s BABA?
    Reply
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  • Alfieonsus
    ·2021-06-08
    [財迷] 
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  • Juelo
    ·2021-06-08
    Expected
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  • Juelo
    ·2021-06-08
    Expected
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  • abp
    ·2021-06-08
    Nice
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  • jamjam
    ·2021-06-08
    Wa. Please like and comment for good luck!
    Reply
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    • Ameliakoh
      Done
      2021-06-08
      Reply
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    • Ameliakoh
      Pls comment back?
      2021-06-08
      Reply
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  • Jimchanfc
    ·2021-06-08
    Comment And like pls 
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    • jamjam
      ok
      2021-06-08
      Reply
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  • Erikca
    ·2021-06-08
    Cool
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    • jamjam
      ok please likenand commnet
      2021-06-08
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  • jackychew73
    ·2021-06-08
    Great 
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  • Melanie85
    ·2021-06-08
    [Miser] 
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  • keozmi
    ·2021-06-08
    Ok
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  • Alanshi55
    ·2021-06-08
    Pls comment. Thanks
    Reply
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    • Jimchanfc
      Pls comment! Thanks!
      2021-06-08
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    • miaomee
      Comment n like please
      2021-06-08
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    • Alanshi55
      Ya ya
      2021-06-08
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  • Sjaydenshun
    ·2021-06-08
    Like and comment pls 
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