Aug. 15 at 11:51 AM
$WTO UTime Limited reported mixed financial results for FY2025, with revenue increasing 45.8% YoY to RMB251.0 million (US
$34.6 million), while gross profit declined 20.1% YoY to RMB7.1 million. The company's net loss significantly expanded to RMB670.1 million from RMB62.2 million in FY2024, impacted by RMB111.0 million in share-based compensation expenses. Cash position remained tight at RMB2 million as of March 31, 2025.
The company achieved several strategic milestones, including regaining Nasdaq compliance and completing a securities offering of 17,340,000 Units at
$1.3 per unit in April 2025. UTime also filed an F-3 Registration Statement for offering up to
$18.36 million in Class A ordinary shares, demonstrating efforts to strengthen its capital position.
UTime is expanding into the AI-powered wearables market, launching new products including smartwatches, fitness bands, and smart headsets with advanced features such as AI analysis and biosensors.
