RLX TechnologyNYSE: RLX

RLX Technology Inc. (RLX) Q4 2023 Earnings Call Transcript

- Earnings Call Scheduled for 8:00 a.m. ET on March  15, 2024 – SHENZHEN, March 5, 2024 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced that it will report its unaudited financial results for fourth quarter and fiscal year ended December 31, 2023, before the U.S. markets open on Friday, March 15, 2024.

RLX Technology announced mixed third-quarter results, leveraging cost-reduction initiatives to beat earnings estimates. The company also terminated a non-compete agreement with Rlex Inc., paving the way for international expansion.

RLX Technology's shares rose in Monday pre-market trading despite reporting third-quarter results that showed big declines in revenue and earnings. The Chinese e-vapor company attributed the weaker results to the discontinuation of its older products and the competition of illegal products in the market, which resurged after special action by the regulator ended in April 2023.

- Earnings Call Scheduled for 7:00 a.m. ET on November 13, 2023 – BEIJING , Nov. 2, 2023 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading branded e-vapor company in China, today announced that it will report its unaudited financial results for third quarter ended September 30, 2023, before the U.S. markets open on Monday, November 13, 2023.

RLX Technology's key contract manufacturer, Smoore, delivered a lackluster set of results for the third quarter of 2023. Smoore's poor Q3 2023 results send unfavorable signals about RLX Technology's near-term business prospects. A sell rating for RLX is maintained, after reviewing its key contract manufacturer's quarterly financial numbers.

RLX Technology Inc. (NYSE:RLX ) Q2 2023 Earnings Conference Call August 18, 2023 8:00 AM ET Company Participants Sam Tsang - Head of Capital Markets Kate Wang - CEO Chao Lu - CFO Conference Call Participants Charlie Chen - China Renaissance Lydia Ling - Citi Peihang Lyu - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for RLX Technologies Second Quarter 2023 Earnings Conference Call.

RLX Technology saw its second quarter revenue and profit slide year-over-year as the Chinese e-vapor company faced a challenging market environment, including disruptions from illegal products. For the quarter ended June 30, 2023, the company reported revenue of US$52.1 million (RMB378.1 million, down from RMB2.23 billion in the year-ago quarter).

The Chinese vaping products specialist's latest quarterly results were radically different when matched against the year-ago quarter. The company is facing stronger headwinds, but is optimistic about its future.