Zepp Health Corporation American depositary shares, each representing sixteen - ZEPP STOCK NEWS

Zepp Health (NYSE: ZEPP), a cloud-based healthcare services provider specializing in smart wearable technology, has announced its upcoming second quarter 2024 financial results release. The company will report its unaudited financial results after the market close on Wednesday, August 21, 2024. Following the release, management will host a conference call at 9:30 p.m. Eastern Time on the same day (9:30 a.m. Beijing Time on August 22, 2024).

Investors and analysts can access the call through various toll-free and international numbers. A live and archived webcast of the conference call will also be available on the company's investor relations website. Additionally, a telephone replay will be accessible until August 28, 2024, for those unable to attend the live call.

Zepp Health (NYSE: ZEPP) unveils Zepp OS 4, integrating OpenAI's GPT-4o into its Amazfit smartwatches, including the Amazfit Active, which becomes the first smartwatch under €200 to fully incorporate AI. This update enhances Zepp Flow™ for natural language voice commands, expands language capabilities to spoken replies, and improves Bluetooth integration for peripheral control. It introduces a range of mini apps for health and fitness, such as the Workout Extension, tailored to sports enthusiasts. Since launch, Zepp Health has shipped over 200 million units and offers extensive customization with over 300 mini apps and 5,700 watch faces. Zepp OS 4 emphasizes AI-driven personalization in wellness solutions.

Zepp Health (NYSE: ZEPP) has announced new additions to its Team Amazfit athlete ambassadors: US Olympic medalist Morgan Pearson and Italian endurance runner Yemaneberhan Crippa.

Both athletes will collaborate closely with Amazfit's R&D team, enhancing product innovation and functionality. Pearson, a reigning silver medalist, recently won gold at the World Triathlon Championship Series in Japan, securing his qualification for the 2024 Olympic Games in Paris. Crippa is the European Champion in the 10,000m and has a strong presence in the international running community.

The Amazfit wearables, including the Cheetah series and the newly released Helio Ring, offer advanced features like AI-driven training regimes, industry-leading GPS technology, and comprehensive health monitoring. These devices aim to elevate athletic performance and recovery, providing real-time data and personalized training plans.

51Talk Online Education Group (NYSE: COE), a global online education platform specializing in English education, announced changes to its board composition. Effective June 1, 2024, Mr. Jimmy Lai will join as an independent director and take on multiple roles within the board's committees. Mr. Lai previously served as 51Talk's CFO from 2015 to 2018 and has significant experience in various financial roles across multiple companies. Concurrently, Mr. Shengwen (Roy) Rong has resigned for personal reasons, effective May 31, 2024. The transition is amicable with no disputes or disagreements. CEO Jack Jiajia Huang expressed gratitude towards Mr. Rong and welcomed Mr. Lai's return.

LiveX AI, a generative AI technology leader, has partnered with Zepp Health to integrate their advanced AI Agent into the Amazfit website.

This partnership aims to revolutionize customer interactions by offering personalized experiences through chat, video, image, and voice, while reducing operational costs.

Leveraging NVIDIA NIM and Google Kubernetes Engine, LiveX AI has achieved a 6.1x increase in token speed, enhancing real-time customer support and engagement.

Zepp Health's CEO, Wayne Huang, emphasized the improved shopping journey, while LiveX AI's CEO, Yujia Li, highlighted the AI Agent's role in transforming sales and support.

Zepp Health reported Q1 2024 revenues of $39.8 million, a 55.5% decline year-over-year, mainly due to reduced sales of Xiaomi and self-branded products. The company posted a net loss per share of $0.06 and a net loss per ADS of $0.23. Despite the revenue drop, gross margins hit a record high of 36.8% due to a favorable product mix. Zepp's CEO highlighted the success of the Zepp app with over 10 million MAUs and the popularity of the Balance and Active product lines. The new Amazfit Bip 5 Unity and Helio Ring products aim to boost market presence. CFO Leon Deng mentioned that the company maintained positive operating cash flow and reduced debt to $46.7 million since Q1 2023. Operating expenses were controlled, with R&D and marketing investments continuing to support competitive edge. The company expects Q2 2024 revenues between $40 million and $55 million. Zepp is also continuing its share repurchase program, having repurchased $13.4 million worth of ADSs as of March 31, 2024.

Zepp Health's Amazfit has signed a multi-year partnership as the Official Sponsor of the Escape from Alcatraz Triathlon, providing selected triathletes with Amazfit T-Rex Ultra outdoor smartwatches to track their performance. The smartwatch is designed for adventurers and outdoor athletes, offering premium features such as GPS tracking, offline maps, and a Triathlon workout mode. The partnership aims to support the endurance and determination of triathletes, enhancing the overall EFAT experience.

Zepp Health received a letter from the NYSE stating that it is below compliance standards due to the trading price of its American depositary shares (ADSs). The company has six months to regain compliance by maintaining a closing share price of at least US$1.00 per ADS over a consecutive 30 trading-day period. If not attained, the NYSE may commence suspension and delisting procedures. Zepp Health intends to cure the deficiency and is exploring options, including a reverse share split if needed.

Zepp Health , a leading smart wearable technology provider, will release its unaudited financial results for the first quarter of 2024 on May 20, 2024. The earnings call is scheduled for 7:00 p.m. ET on the same day. Interested participants can access the call via phone or webcast.