RLX Technology reports $148.9M in Q2 revenue, falling short of expectations by $26.27M despite a 21.3% year-over-year increase.
RLX Technology posted Q2 revenue of $148.9M, up 21.3% from the same period last year but missing estimates by $26.27M. GAAP earnings per share stood at $0.025 for the quarter.
The company’s U.S. GAAP net income increased 1.6% year-over-year to RMB222M ($32.7M), while non-GAAP income from operations rose 28.8% to RMB149.6M ($22M). However, non-GAAP net income declined to RMB238.8M ($35.2M) from RMB291.2M in the prior year.
No immediate market reaction was disclosed in the release.