Monday, April 28, 2025

Latest

NIO Reports US$1.2 Billion Revenue, US$68.8 Million Net Loss For Q1 2021

Chinese smart electric vehicle company NIO Inc. (NYSE: NIO) reported last night its financial results for Q1 2021, earning US$1.2 billion in revenue. The company also incurred a US$68.8 million net loss. 

This quarter’s revenue is a 20.2% increase from last quarter’s US$1.0 billion, while the net loss is a 67.5% improvement from the prior quarter’s US$214.7 million loss. This net loss equates to a negative US$0.48 per share. Gross margins meanwhile came in at 19.5%, on gross profits of US$237.3 million.

The company reported a total of 20,060 vehicle deliveries during the quarter, a strong improved from the 17,353 delivered in the fourth quarter of 2020, and a dramatic increase from the 3,838 vehicles delivered in the year ago period.

For Q2 2021, the company expects an increase in vehicle sales volume to between 21,000 and 22,000, which is a 5-10% increase from Q1 2021. This also puts the company’s expected revenue for the second quarter to be between US$1.24 – $1.29 billion, a 2.1% – 6.1% increase from this quarter’s revenue.

The company ended Q1 2021 with approximately US$4.4 billion in cash and cash equivalents, a 25.6% decrease from last quarter’s US$5.9 billion.

You may see the full details of NIO’s Q1 2021 financial results here.

NIO Inc. last traded at $38.99 on the NYSE.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

NIO Delivers 6,131 Electric Vehicles In February 2022

NIO Inc. (NYSE: NIO) reported today that it has delivered a total of 6,131 electric...

Tuesday, March 1, 2022, 03:01:00 PM

NIO Inc: The Tesla Of China?

The Deep Dive look at emerging zero emission vehicle (ZEV) startups continues today with Nio...

Saturday, November 14, 2020, 08:30:00 AM

NIO Sees Decline In Deliveries In April 2022, Delivers 5,074 Electric Vehicles

NIO Inc. (NYSE: NIO) reported on Sunday that it has delivered a total of 5,074...

Monday, May 2, 2022, 09:36:30 AM

NIO Delivers 25,034 Electric Vehicles In Q4 2021

NIO Inc. (NYSE: NIO) reported today that it has delivered a total of 25,034 electric...

Monday, January 3, 2022, 11:48:00 AM

Nio Announces Q1 Vehicle Deliveries Of 20,060

It seems that Nio Inc (NYSE: NIO) has met its prior guidance despite production shutdowns...

Thursday, April 1, 2021, 08:07:14 AM