Graffiti Smart-W (02391) announced the results for the third quarter ended September 30, 2024. The group's total for the period...
According to the Zhitong Finance App, Graffiti Smart-W (02391) announced the results for the third quarter ended September 30, 2024. The group's total revenue for the period was 81.617 million US dollars, up about 33.6% year on year; net loss was 43.73 million US dollars, a decrease of 10.85% year on year; and the basic and diluted net loss per share of American Depositary Shares was 0.01 US dollars.
According to the announcement, the increase in total revenue is mainly due to the increase in IoT PaaS revenue and smart solution revenue.
There were about 2,200 IoT PaaS customers in the third quarter of 2024 (third quarter of 2023: about 2,100). The total number of customers in the third quarter of 2024 was approximately 3,100 (third quarter of 2023: approximately 3,000).
For 12 consecutive months as of September 30, 2024, there were 286 high-quality IoT PaaS customers (Q3 2023:263). In the third quarter of 2024, the company's high-quality IoT PaaS customers contributed about 85.6% (Q3 2023: about 83.5%) of IoT PaaS revenue.