Zepp Health(ZEPP) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Zepp Health's revenue for 1Q25 was $38.5 million[7], meeting the guidance range - The company shipped 0.5 million units in 1Q25[8] - Adjusted net loss attributable to Zepp was $18.1 million[8] Revenue Breakdown - In 1Q25, revenue from Xiaomi wearable products accounted for 38.6%[11] while Amazfit-branded wearable products accounted for 61.4%[11] of total revenue - Year-over-year, Xiaomi wearable products revenue decreased by 67.3%[14], while Amazfit-branded wearable products decreased by 32.7%[12] Gross Margin Analysis - The total gross profit in 1Q25 was $14.4 million[17] - The gross margin for Amazfit-branded products was 37.3%[19] in 1Q25 - The gross margin for total products was 37.3%[19] in 1Q25 Operating Expenses - Adjusted operating expenses for 1Q25 included General & Administrative (G&A), Sales & Marketing (S&M), and Research & Development (R&D)[30] - Adjusted operating expenses as a percentage of total revenue were 16.2% for G&A, 35.8% for S&M, and 29.8% for R&D[32] Liquidity and Outlook - Zepp Health's cash and cash equivalents stood at $103.8 million[42] - The company expects net revenues to be between $50 million and $55 million[47] for the second quarter of 2025