Vesync Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2023
August 21, 2023 at 10:42 am EDT
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Vesync Co., Ltd reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was USD 276.93 million compared to USD 223.3 million a year ago. Net income was USD 32.62 million compared to USD 15.48 million a year ago.
Basic earnings per share from continuing operations was USD 0.0289 compared to USD 0.0137 a year ago. Diluted earnings per share from continuing operations was USD 0.0288 compared to USD 0.0137 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 
