Nano Labs has achieved significant improvements in gross profit and reduction in net loss, along with a strategic shift towards Bitcoin investment and launching advanced technology like the Cuckoo 3.0 chip. However, they faced challenges including a decline in net revenue, increased administrative expenses, and reduced cash reserves.

Company Guidance -

Q4 2024

During the second half of 2024, Nano Labs focused on strategic business expansions and financial optimizations to navigate market challenges. The company reported a net revenue of RMB15.86 million ($2.21 million), a decrease from RMB26.07 million in the same period last year, primarily due to reduced sales of the iPollo V Series product. However, they achieved a gross profit of RMB11.57 million ($1.61 million), reversing a gross loss of RMB40.55 million from the previous year. Operating expenses decreased by 38.7% to RMB51.39 million ($7.15 million), with significant reductions in research and development expenses by 61.9% and selling and marketing expenses by 17.7%. Despite a net loss of RMB60.39 million ($8.4 million), the company improved from a RMB120 million loss in the previous year. Cash and cash equivalents stood at RMB32.43 million ($4.51 million) as of December 31, 2024. The company emphasized its strategic investment in Bitcoin as a primary reserve asset, holding about 400 BTC valued at approximately $40 million, and outlined future plans to capitalize on AI and Web3.0 integration to drive growth.

Introduction of Bitcoin as Primary Reserve Asset

Nano Labs has officially established Bitcoin value investment as a new business sector and designated Bitcoin as their primary reserve asset. The company holds about 400 BTC with a total purchase price of around $40 million.

Launch of Cuckoo 3.0

In December 2024, Nano Labs launched an upgraded complete machine equipped with a Cuckoo 3.0 iteration chip, delivering enhanced performance and providing key competitive advantages.

Gross Profit Improvement

The company recorded a gross profit of RMB11.57 million ($1.61 million) for the second half of 2024 compared to a gross loss of RMB40.55 million in the same period of 2023.

Decrease in Operating Expenses

Total operating expenses for the second half of fiscal year 2024 decreased by 38.7% to RMB51.39 million ($7.15 million), down from RMB83.84 million in the same period of 2023.

Reduced Net Loss

Net loss was RMB60.39 million ($8.4 million) for the second half of 2024 compared to a net loss of RMB120 million in the same period of 2023.

Nano Labs Ltd. Sponsored ADR Class A (NA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 25, 2025	2024 (Q4)	- / -0.84	―	―	―
Sep 18, 2024	2024 (Q2)	- / -1.17	―	―	―
Mar 18, 2024	2023 (Q4)	- / -	-0.167	―	―
Aug 15, 2023	2023 (Q2)	- / -	―	―	―	―
Mar 14, 2023	2022 (Q4)	- / -1.67	―	―	―	―
Nov 17, 2022	2022 (Q3)	- / 0.72	―	―	―	―
Aug 10, 2022	2022 (Q2)	- / -	―	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 25, 2025	$4.78	$4.62	-3.35%
Sep 18, 2024	$3.05	$2.92	-4.26%
Mar 18, 2024	$19.75	$17.70	-10.38%
Aug 15, 2023	$12.90	$12.00	-6.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Nano Labs Ltd. Sponsored ADR Class A (NA) report earnings?

Nano Labs Ltd. Sponsored ADR Class A (NA) is schdueled to report earning on Mar 25, 2025, Before Open (Not Confirmed).

What is Nano Labs Ltd. Sponsored ADR Class A (NA) earnings time?

Nano Labs Ltd. Sponsored ADR Class A (NA) earnings time is at Mar 25, 2025, Before Open (Not Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is NA EPS forecast?

Currently, no data Available

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