Matt Maa's questions to Boqii Holding (BQ) leadership • Q4 2023
Question
Matt Maa of China Securities inquired about the company's net loss, noting that the full-year improvement of approximately 20% seemed less significant than the progress reported in the first half of the year.
Answer
An Unidentified Company Representative clarified that the fiscal year 2023 net loss of RMB106 million included a one-time goodwill impairment of RMB40.7 million. Excluding this charge, the adjusted net loss was RMB55.3 million, a 51% improvement year-over-year, demonstrating stronger underlying performance.