FLJ GROUP ($NASDAQ:FLJ) reported its earnings results for the second quarter of FY2023, ending August 2, 2023, with total revenue of CNY 199.7 million, a decrease of 45.2% from the same quarter in the prior year. Net income for the quarter was CNY -43.3 million, an improvement from -243.2 million the year before.
On Wednesday, August 2nd, FLJ GROUP reported their Q2 FY2023 earnings results. The stock opened at $0.2 and closed at $0.2, representing a decrease of 1.2% from the previous closing price on the same day. Furthermore, the company also announced that it had repurchased $1 million in shares of its common stock during the quarter. This move was aimed at rewarding shareholders and increasing shareholder value.
Overall, it was a positive quarter for FLJ GROUP who have seen steady growth in their overall revenue and net income in recent quarters. They have also demonstrated a commitment to shareholders through share repurchases which indicates a positive outlook for the company’s future performance. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Flj Group. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flj Group. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flj Group. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Flj Group are shown below. More…
Income Statement Ratios
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At GoodWhale, we’ve conducted a thorough analysis of FLJ GROUP’s fundamentals and the results are in. Our Star Chart reveals FLJ GROUP has a low health score of 2/10 in regards to its cashflows and debt, indicating it may be less likely to sustain future operations in times of crisis. Interestingly, FLJ GROUP is classified as an ‘elephant’, a type of company we deem to have a lot of assets after liabilities are deducted off. With this in mind, it’s possible that investors who are looking for an asset-rich company may be interested in FLJ GROUP. However, it should be noted that FLJ GROUP is strong in liquidity and weak in assets, dividend, growth, and profitability. More…
Risk Rating Analysis
Star Chart Analysis
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Investors should take note of FLJ Group‘s second quarter earnings results for FY2023, ending August 2. Total revenue for the quarter was CNY 199.7 million, a 45.2% decrease from the same quarter in the prior year. Net income was CNY -43.3 million, a significant improvement from the -243.2 million reported in the same quarter of the previous year.
Despite the decrease in revenue, FLJ Group has managed to improve its net income, suggesting that its cost-cutting measures are paying off and that the company is on track for a more profitable future. Investors should consider monitoring the company’s performance going forward and use this data to inform their decisions.