Nio (NIO) reported a Q4 adjusted net loss Friday of 3.17 Chinese renminbi ($0.43) per diluted American depositary share, widening from the 2.81 renminbi loss per ADS a year earlier.
Analysts polled by FactSet expected a non-GAAP loss of 2.39 renminbi per ADS.
Revenue for the quarter ended Dec. 31 was 19.70 billion renminbi, compared with 17.10 billion renminbi a year earlier.
Analysts polled by FactSet expected 20.24 billion renminbi.
The company said it expects Q1 revenue of 12.37 billion renminbi to 12.86 billion renminbi. Analysts polled by FactSet expect 17.96 billion renminbi.
Shares of Nio were down more than 6% in recent premarket activity Friday.
Price: 4.39, Change: -0.32, Percent Change: -6.79
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