Boqii announces unaudited financial results for the third quarter of fiscal 2021

Boqii announces unaudited financial results for the third quarter of fiscal 2021

SHANGHAI, March 3, 2021 / PRNewswire / – Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced its financial results unaudited for the third quarter of fiscal 2021 (the quarter ended December 31, 2020).

Third Quarter Fiscal 2021 Operational and Financial Highlights

Total revenue was RMB 312.9 million (USD 48.0 million), an increase of 23.2% from RMB 254.1 million in the same quarter of fiscal 2020. net loss was 81.9 million RMB (12.6 million USD), compared to net loss of 56.4 million RMB in the same quarter of fiscal 2020. Adjusted net loss was 30.5 million RMB (US $ 4.7 million), a decrease of 49.8% from the adjusted net loss of RMB 60.8 million in the same quarter of the fiscal year. 2020. EBITDA[1] was a loss of 79.2 million RMB (12.1 million USD), down 109.2% from a loss of 37.9 million RMB in the same quarter of fiscal 2020. Total GMV[2] was RMB 763.8 million ($ 117.1 million), an increase of 51.5% from RMB 504.0 million in the same quarter of fiscal 2020. Active buyers were 1, 5 million, an increase of 21.0% compared to 1.3 million in the same quarter of the fiscal year. year 2020.

Quote from CEO and CFO

“The strong third quarter results are a testament to Boqii’s relentless efforts in execution and user engagement,” said Mr. Hao Liang, Founder, President and CEO of Boqii. “We continued to influence pet parents with a comprehensive and engaging selection of content and products, encouraging…

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