Uxin Reports GAAP EPS of $0.00 with Revenue Growth in Q3
In its third-quarter financial report, Uxin (UXIN:NASDAQ) reported a GAAP earnings per share (EPS) of $0.00 and revenue of $169.7 million, representing a year-over-year increase of 37.4%. The company also noted strong growth in transaction volume, which rose by 20.3% quarter over quarter to 21,899 units and surged 88.7% compared to the same period last year. Retail transaction volume specifically increased by 18.6% Q/Q and 88.8% Y/Y to reach 19,610 units during the reporting period. Revenue growth was more modest on a quarterly basis at 7.2%, indicating some stabilization in performance after strong annual gains. The results reflect continued demand for Uxin's services despite challenges in its market segment.
Topics: revenue_growth transaction_volume