Earnings Call Summary | Zepp Health(ZEPP.US) Q1 2024 Earnings Conference
Earnings Call Summary | Zepp Health(ZEPP.US) Q1 2024 Earnings Conference
The following is a summary of the Zepp Health Corporation (ZEPP) Q1 2024 Earnings Call Transcript:
以下是澤普健康公司（ZEPP）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Zepp Health reported a significant increase in gross margin to 37% in Q1 2024 from 16% in Q1 2023.
Self-branded product sales now constitute 85% of total revenue, representing a key contributor to the company's financial growth.
Q1 2024 adjusted operating expenses decreased by 11.4% compared to Q1 2023, reflecting Zepp's successful cost-control measures.
Despite initial tepidity, Zepp Health expects full-year revenue to fall between $200 million and $300 million.
The increase in gross margin over consecutive quarters is attributed to a focused strategy on self-branded products, with the margin reaching 37% in Q1 2024, up from 33% in Q3 2023 and 35% in Q4 2023.
Revenue projections for Q2 2024 range between USD 40 million to USD 55 million, considering planned product launches in subsequent quarters of 2024.
Zepp Health報告稱，毛利率從2023年第一季度的16％大幅增長至2024年第一季度的37％。
自有品牌產品的銷售現在佔總收入的85％，是公司財務增長的關鍵貢獻者。
與2023年第一季度相比，2024年第一季度調整後的運營支出下降了11.4％，這反映了Zepp成功的成本控制措施。
儘管最初表現不佳，但Zepp Health預計全年收入將在2億至3億美元之間下降。
毛利率連續幾個季度的增長歸因於對自有品牌產品的重點戰略，2024年第一季度的毛利率達到37％，高於2023年第三季度的33％和2023年第四季度的35％。
考慮到計劃在2024年後續季度推出的產品，2024年第二季度的收入預測在4000萬美元至5500萬美元之間。
Business Progress:
業務進展：
The Monthly Active Users (MAU) of the Zepp application exceeded 10 million, indicating successful business transformation.
Zepp Health diversified its smartwatch offerings and penetrated new markets with the launch of the Amazfit Bip 5 and Helio Ring.
An upgrade was implemented to Zepp's own operating system, Zepp OS, to version 3.5, which includes the large language model-based Zepp Flow AI system.
The executive teams operation from Europe and North American offices is expected to ensure quicker decision-making responsive to market dynamics.
Zepp Health's commitment to ongoing stock repurchase programs and global advertising campaigns are set to enhance the brand's market presence.
The forthcoming launch of high-margin products alongside products like Helio Ring offers insights into the projected boost in sales volumes.
Zepp acknowledges non-compliance with New York Stock Exchange requirements but reassures stakeholders that they are working towards regaining compliance.
Zepp應用程序的月活躍用戶（MAU）超過了1000萬，這表明業務轉型取得了成功。
隨着Amazfit Bip 5和Helio Ring的推出，Zepp Health實現了其智能手錶產品的多元化並打入了新市場。
已將Zepp自己的操作系統Zepp OS升級到3.5版，其中包括基於大型語言模型的Zepp Flow AI系統。
預計歐洲和北美辦事處的高管團隊將確保更快地做出響應市場動態的決策。
Zepp Health對持續的股票回購計劃和全球廣告活動的承諾將增強該品牌的市場影響力。
即將推出的高利潤產品以及Helio Ring等產品讓人們深入了解預計的銷量增長。
Zepp承認沒有遵守紐約證券交易所的要求，但向利益相關者保證，他們正在努力恢復合規性。
More details: Zepp Health IR
更多詳情： Zepp Health IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。