Loading...
•
Dec 31, 2024
RLX Q4 2024 Earnings Report
RLX Technology reported revenue growth but lower profitability in Q4 2024.
Key Takeaways
RLX Technology reported Q4 2024 revenues of $111.4 million, a significant YoY increase of 56.3%, driven by international expansion. However, net income declined 41.0% YoY to $17.5 million due to increased tax expenses and operating costs. Non-GAAP net income fell 42.0% to $34.5 million, and operating loss improved to $1.6 million compared to a $19.2 million loss a year ago.
Q4 revenue grew 56.3% YoY to $111.4 million.
Net income declined 41.0% YoY to $17.5 million.
Adjusted EPS was $0.026, down from $0.325 a year ago.
Free cash flow increased to $68.1 million in Q4.
RLX
RLX
RLX Revenue by Segment
RLX Revenue by Geographic Location
Revenue by Segment
E-vapor Products Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.com Forward Guidance
RLX Technology anticipates further growth in international markets but remains cautious about regulatory risks and cost pressures.
Positive Outlook
- Strong revenue growth driven by international expansion.
- Higher gross margin due to improved cost efficiency.
- Continued investment in product innovation and market development.
- Improvement in operating loss compared to the previous year.
- Healthy cash reserves of $2.17 billion support future initiatives.
Challenges Ahead
- Declining profitability despite revenue growth.
- Lower non-GAAP net income due to higher operating costs.
- Uncertainty around regulatory policies in key markets.
- Higher tax expenses impacted net earnings.
- Increased R&D and branding expenses reducing short-term margins.