Vesync Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2022
March 29, 2023 at 09:48 am EDT
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Vesync Co., Ltd reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 490.38 million compared to USD 454.25 million a year ago. Net loss was USD 16.28 million compared to net income of USD 41.59 million a year ago.
Basic loss per share from continuing operations was USD 0.0144 compared to basic earnings per share from continuing operations of USD 0.0368 a year ago. Diluted loss per share from continuing operations was USD 0.0144 compared to diluted earnings per share from continuing operations of USD 0.0368 a year ago.
Vesync Co., Ltd is an investment holding company. The Company is engaged in the small home appliance online market. The Company is principally engaged in research and development, manufacture and sale of smart household appliances and smart home devices. It primarily designs, develops and sells small home appliances under its three core brands, namely, Levoit for home environment appliances; Etekcity for smart home gadgets, health monitoring devices, outdoor recreation products and personal care products; and Cosori for kitchen appliances and dining ware. Its products include Etekcity Smart WiFi Fitness Scale, Cosori Smart Air Fryer, and Levoit Cordless Stick Vacuum, among others. Its VeSync App enables users to achieve centralized control of smart home devices for the home automation experience. Its products are manufactured in the Peopleâs Republic of China (the PRC) and sold to customers in the United States, Canada, the United Kingdom, France, Germany, Spain, Italy, and Japan.
VESYNC CO., LTD 
