Nio Inc.(NIO) reported earnings on Mon 30 Dec 19 (b/o)

** charts after earnings **

 

NIO beats by $0.25, beats on revs; guides Q4 revs above consensus; delivered 4799 vehicles in Q3 vs 3533 in Q2

Reports Q3 (Sep) loss of RMB 2.38 per share, excluding non-recurring items, RMB 0.25 better than the S&P Capital IQ Consensus of (RMB 2.63); revenues rose 21.8% year/year to RMB 1.84 bln vs the RMB 1.65 bln S&P Capital IQ Consensus.

Deliveries of vehicles were 4,799 in the third quarter of 2019 including 4,196 ES6s and 603 ES8s, compared with 3,553 vehicles delivered in the second quarter of 2019.

Gross margin in the third quarter of 2019 was negative 12.1%, compared with negative 33.4% in the second quarter of 2019 and negative 7.9% in the same quarter of 2018.

Co issues upside guidance for Q4, sees Q4 revs of RMB 2.8 bln vs. RMB 2.19 bln S&P Capital IQ Consensus. Deliveries of vehicles to be over 8,000 units, representing an increase of over 66.7% from the third quarter of 2019.