Here Group Posts RMB169.6M Q4 Loss on Goodwill Impairment; Board Member Resigns
HERE sits 19% above its 52-week low of $1.5.
Summary
Here Group reported Q4 FY2026 revenue of RMB127.7M, down 22.5% sequentially, and a net loss of RMB169.6M driven by a RMB124.1M goodwill impairment on the Letsvan acquisition. Full-year revenue reached RMB596.8M, but adjusted net loss widened to RMB93.9M. The company also announced the resignation of board member and SVP Liu Xihao, effective today. The CFO stated the company remains committed to strengthening IP and product capabilities while improving operating efficiency. The earnings call is scheduled for 7:00 AM ET today.
At the time of this announcement, HERE was trading at $1.78 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $100.6M. The 52-week trading range was $1.50 to $10.40. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.