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MOGU Inc. stories earnings for fiscal interval ending March 2024

Jul 9, 2024 | blog

MOGU Inc. (NYSE:MOGU), a China-based on-line trend and life-style firm, has filed its earnings report for the fiscal interval ending March 31, 2024. The report, submitted to the Securities and Exchange Commission as we speak, follows the corporate’s transition from its former title, Meili Inc., which befell on June 19, 2018.

The doc, often called a 6-Okay kind, is a requirement for overseas non-public issuers to offer the U.S. SEC with an replace on vital occasions that shareholders ought to pay attention to. The report consists of the corporate’s enterprise deal with, contact data, and the title of the chairman, Qi Chen, who signed off on the submitting.

MOGU’s submitting didn’t comprise detailed monetary figures or efficiency metrics throughout the supplied excerpt. Instead, it confirms the corporate’s compliance with SEC rules by submitting its report for March 2024. The firm, listed on the New York Stock Exchange, operates throughout the enterprise providers sector and is included within the area designated as E9, with its fiscal 12 months ending on March 31.

Investors and stakeholders in MOGU Inc. can discuss with the corporate’s full earnings report filed with the SEC for complete particulars on its monetary well being and operational efficiency in the course of the specified reporting interval.

The data is predicated on a press launch assertion.

In different current information, MOGU Inc., a Chinese on-line trend and life-style platform, has licensed a brand new share repurchase program. The firm plans to purchase again as much as $8 million of its shares by May 13, 2025, utilizing its present money reserves. The repurchases might happen in varied transactions, together with on the open market, non-public offers, or block trades, relying on market situations and regulatory necessities.

MOGU’s board plans to supervise this system and will modify its phrases and measurement as essential. This share buyback is a typical monetary technique aimed toward probably growing the worth of remaining shares and offering an extra return to buyers.

InvestingPro Insights

For buyers evaluating MOGU Inc.’s current SEC submitting, understanding the corporate’s monetary well being and market place is essential. According to InvestingPro information, MOGU presently has a market capitalization of 20.21 million USD. The firm’s Price / Book ratio, as of the final twelve months ending Q2 2024, stands at a low 0.24, which might point out that the inventory is probably undervalued relative to its belongings. However, this have to be considered within the context of MOGU’s income decline of 29.1% throughout the identical interval, signaling challenges in gross sales development.

Two key InvestingPro Tips for MOGU spotlight that the corporate holds more money than debt on its stability sheet and possesses liquid belongings that exceed its short-term obligations. These factors recommend a level of economic stability, regardless of the corporate not being worthwhile during the last twelve months. Moreover, MOGU has skilled vital worth volatility, with a 17.14% return during the last three months, but the worth has carried out poorly during the last decade. For buyers searching for extra depth, further InvestingPro Tips present additional insights into MOGU’s monetary nuances, obtainable at Investing.com/professional/MOGU.

To entry a full suite of analytics and suggestions, readers can use the coupon code PRONEWS24 to stand up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. With 14 further InvestingPro Tips obtainable, buyers can achieve a complete understanding of MOGU’s funding potential and threat components.

This article was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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