Zepp Health's Amazfit & HYROX Announce Partnership Reaching Over 300,000Participants Per Season Across EU and US regionsMILPITAS, Calif. , Aug. 29, 2024 /PRNewswire/ -- HYROX, the World Series of Fitness Racing, a Time 100 Most Influential Companies in the World 2024 Winner has today announced its partnership with Zepp Health Corporation ("Zepp Health") (NYSE: ZEPP), a global leader in smart wearables and health technology, through its smart wearable brand, Amazfit.This two-year partnership will see Amazfit ...

Financial Data and Key Metrics Changes - The company reported a net loss for the first half of 2024 that narrowed compared to the previous year, despite a year-over-year decline in sales [7] - Gross margin for the quarter reached 40.3%, marking the highest gross margin in the company's history, driven by an improved product mix and a higher proportion of new products [18][19] - Operating costs for the quarter were $25.3 million, the lowest level in the past year, reflecting a commitment to cost management [20] - The cash balance stood at $129 million at the end of Q2, consistent with the first quarter's cash level [23] Business Line Data and Key Metrics Changes - Self-branded product sales saw a 6% sequential increase, offsetting the decline in Xiaomi branded product sales [17] - The company entered the smart ring category, which represents a $2 billion market growing at a high-double-digit rate [16] Market Data and Key Metrics Changes - The overall smart wearable market is expected to return to growth in 2024, driven by AI-enabled health insights and GenAI services [15] - The company has observed good growth in China and breakthroughs in Europe, particularly in Germany and France [32] Company Strategy and Development Direction - The company is focusing on three key pillars: investing in new technologies, product innovations, and enhancing global visibility through sports sponsorships [8][12] - Upcoming product launches include the T-Rex 3 outdoor smartwatch and Open Wearable Stereo earbuds, aimed at expanding the product lineup and market presence [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the market returning to growth and highlighted the importance of profitability over scale [15][19] - The company anticipates continued growth momentum in the second half of the year, supported by new product launches and rising brand awareness [14][24] Other Important Information - The company is committed to a share buyback program throughout 2024, reflecting confidence in its future [23] - The company is addressing a non-compliance notice from NYSE and is confident in regaining compliance by October 31 [34] Q&A Session Summary Question: What is driving the improvement in gross margins? - The improvement is attributed to optimizing the product mix, launching new products, and reducing clearance activities [25][27] Question: How many new products are planned this year? - The company plans to launch at least three to four products in the second half of the year, compared to two last year [28][29] Question: Any material change in sales by region? - The United States remains a region with significant growth potential, with good growth observed in China and breakthroughs in Europe [31][32] Question: Update on NYSE non-compliance notice? - The company is committed to resolving the issue by either organically increasing the share price or through a reverse split [34] Question: Insights on new product decisions? - The new products aim to offer a complete suite of smart wearable devices, enhancing user experience and health monitoring capabilities [38][39]

MILPITAS, Calif., Aug. 21, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp" or the "Company") (NYSE: ZEPP) today reported revenues of US$40.6 million; a basic and diluted net loss per share of US$0.04; and a basic and diluted net loss per ADS of US$0.17 for the second quarter ended June 30, 2024; adjusted basic and diluted net loss per share of US$0.04; and adjusted basic and diluted net loss per ADS of US$0.15. Each ADS represents four Class A ordinary shares.Starting from the second quarter of 2024, t ...

Amazfit Active becomes the world's first smartwatch under €200 to fully-integrate AI. MILPITAS, Calif., July 2, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp Health") (NYSE: ZEPP), a global leader in smart wearables and health technology, unveils Zepp OS 4, a groundbreaking advancement in wearable technology. This latest iteration integrates OpenAI's GPT-4o most advanced system, producing safer and more useful responses and enhancing the functionality of Amazfit smartwatches to serve as comprehensive ...

Amazfit smartwatches and fitness wearables continue to unlock potential for endurance athletes with unparalleled performance benefits MILPITAS, Calif., June 5, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp Health") (NYSE: ZEPP), a global leader in smart wearables and health technology, has announced that Amazfit's growing roster of international athletes has added Morgan Pearson and Yemaneberhan "Yeman" Crippa. Pearson and Crippa join renowned German marathon runner Hendrik Pfeiffer, and Polish ultr ...

LiveX AI delivers personalized experiences for customers in real time using Google Kubernetes Engine and NVIDIA NIMSUNNYVALE, Calif., May 29, 2024 /PRNewswire/ -- LiveX AI, a pioneer in generative AI technology for customer experience, today announced a transformative partnership with Zepp Health Corporation ("Zepp Health") (NYSE: ZEPP), a global leader in smart wearables and health technology. This partnership aims to redefine the customer experience for visitors to Zepp Health's Amazfit website. By integr ...

Exhibit 99.1 1 Zepp Health Corporation Reports First Quarter 2024 Unaudited Financial Results MILPITAS, Calif., May 20, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp" or the "Company") (NYSE: ZEPP) today reported revenues of US$39.8 million; a basic and diluted net loss per share of US$0.06; and a basic and diluted net loss per ADS of US$0.23 for the first quarter ended March 31, 2024; adjusted basic and diluted net loss per share of US$0.05; and adjusted basic and diluted net loss per ADS of US$0.19. ...

Zepp Health Corporation (NYSE:ZEPP) Q1 2024 Results Conference Call May 20, 2024 7:00 PM ET Company Participants Grace Zhang - Director of IR Wang Huang - Chairman of Board of Directors and CEO Leon Deng - CFO Conference Call Participants Sid Rajeev - Fundamental Resource Corp Operator Hello, ladies and gentlemen. Thank you for standing by for Zepp Health Corporation's First Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. I will now turn the call ove ...

MILPITAS, Calif., May 20, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp" or the "Company") (NYSE: ZEPP) today reported revenues of US$39.8 million; a basic and diluted net loss per share of US$0.06; and a basic and diluted net loss per ADS of US$0.23 for the first quarter ended March 31, 2024; adjusted basic and diluted net loss per share of US$0.05; and adjusted basic and diluted net loss per ADS of US$0.19. Each ADS represents four Class A ordinary shares.Mr. Wang 'Wayne' Huang, Chairman and CEO of ...

Core Insights - Zepp Health Corporation announces Amazfit as the Official Sponsor of the Escape from Alcatraz Triathlon, reinforcing its commitment to the triathlete community since 2022 [1] - The Amazfit T-Rex Ultra smartwatch will be provided to selected triathletes, featuring advanced tracking capabilities and durability suited for challenging conditions [2][3] - The Escape from Alcatraz Triathlon has been a prominent event since 1981, attracting over 2,000 participants annually, with a course that includes a 1.5-mile swim, an 18-mile bike ride, and an 8-mile run [3] Company Overview - Zepp Health is a global leader in smart wearables and health technology, with over 200 million units shipped and products available in more than 90 countries [5] - The company operates under several consumer brands, including Amazfit, Zepp Clarity, and Zepp Aura, and utilizes its proprietary Zepp Digital Health Management Platform for user health optimization [5] - Founded in 2013, Zepp Health has over 1,000 employees and has received multiple design awards for its smartwatches [5]