The market value is reduced by 10 billion US dollars!Growth is weak and the net loss expands, and the prospects of graffiti are geometry?

Text/Yang Jianyong

It benefits the global wave of intelligence, and the unicorn on the Internet of Things, artificial intelligence, and cloud service tracks has countless eye under the spotlight. In particular, it was in the early days of landing in the capital market, but soon in trouble. Among them, graffiti intelligence, as a popular Internet of Things track, has expanded losses, but still conducts an IPO at a issue price of $ 21, with a market value of 11.76 billion US dollars, a sharp rise of 19%on the first day, with a market value of $ 14 billion Essence It was just a peak on the market.

At present, the smart market value of graffiti is 1.69 billion yuan. Compared with the market value of US $ 12.3 billion compared with the first day of listing, the stock price has fallen by 89%compared with the high level, and the issue price has fallen by 86%. Among them, there are currently the overall downturn of Chinese stocks, which also reflects the market's concerns about the unicorn that continues to lose money. At the same time, the revenue of the intelligent Internet of Things sector also downturn.

In the first quarter of 2022, the total revenue of graffiti intelligence was 55.3 million US dollars, a year -on -year decrease of 2.7%, mainly because the IoT PAAS revenue decreased. The IoT PAAS income of the core business sector revenue was $ 41.8 million, a year -on -year decrease of 16%. You must know that in the past year, the income Internet of Things has flourished, and graffiti intelligence comes from IoT PaaS's revenue to show a strong growth trend. In 2021, the revenue of the sector reached US $ 261 million, an increase of about 72.3%year -on -year.

This year, it has fallen into a dilemma of growth. It is pointed out in the financial report that, given that the global inflation environment is weakening the purchasing power of end users, customers become more cautious. Therefore, with the increase in the number of IoT PaaS customers and the number of developers, the revenue of IoT PaaS has not been reversed significantly. According to the financial report disclosure, 303 Graffiti Smart IoT PaaS high -quality customers have contributed more than 100,000 US dollars in the past 12 consecutive months, and they have contributed about 85.6%of IoT PaaS.

Among IoT PaaS business revenue, electrician lighting accounts for about 40%, consumer cameras and sensing account for about 25%, kitchen appliances, pets and other types of electrical appliances account for about 20%, and other emerging classes account for more than 15%. Among them, high -quality IoT PaaS customers contributed about 85.6%of IoT PaaS revenue. As of the first quarter of 2022, IoT PAAS customers were 3,900, a year -on -year increase of 29%. The number of platform registration developers exceeded 582,000, an increase of 14.1%year -on -year.

Different from the steady growth of customers is the downturn in revenue, which leads to the weak growth of overall revenue, which has further expanded the loss. In the first quarter of 2022, the operating profit margin was 100.3%. Graffiti intelligence pointed out that the changes in operating profit margins are mainly due to greater operating losses. This is mainly due to the increase in operating expenses to maintain the scale and long -term business development of the team, and the total income decreases slightly, which has brought about further losses to further expand Essence

In this quarter, the net loss was $ 55 million, while the same period of 2021 was $ 40.5 million; the net loss of non -recognized accounting principles was $ 37.3 million, while the same period in 2021 was $ 23.8 million. The net loss in 2021 was $ 175.4 million, an increase of US $ 108.5 million compared to 2020.

For innovative one -horned beast, continuous losses are the norm, including the AI ​​Si Xiaolong represented by Shang Tang, Nagana, Clouds, and Yitu for losing money for many years. The dilemma of losses, as well as the Zujie technology and graffiti intelligence in the direction of the Internet of Things. Innovative unicorn's profitability is worrying. On the road to "poetry and distant", the business application scenario is the core.

In the commercial landing scenario, graffiti intelligent positioning IoT cloud platform manufacturer. However, the high fragmentation of the middle and lower reaches of the IoT industry and the demand has also led to the more diversified network communication methods and the platform, which has caused greater challenges to realize the interconnection of equipment. Graffiti intelligence provides a cloud platform that can connect everything, builds a development standard for interconnection, connects the intelligent needs of brands, OEM manufacturers, developers, retailers and industries, and provides developers with a PAAS PaaS of one -stop artificial intelligence Internet of Things. Level solution.

For example, the use of graffiti intelligence, the IoT development platform has many low -code and zero code solutions, which reduces the investment time and cost in the development time and cost. In addition, the APP development capabilities of the graffiti IoT development platform help to create an efficient and practical OEM APP. Specifically, the graffiti IoT PaaS combines cloud connection capabilities and IoT services, marginal capabilities, APP development and equipment optimization solutions, seamlessly deployed on public cloud or private cloud, and cooperates with cloud manufacturers such as Amazon to develop for development Persons provide mature and reliable smart hardware development platforms, APP development platforms and cloud development platforms.

Taking the cooperation of graffiti and Amazon Cloud Technology as an example, graffiti high -efficiency and convenient hardware development platforms, rich and diverse smart solutions, under the blessing of the underlying technology of Amazon Cloud Technology's cloud service, form a complete IoT ecological chain; Amazon Cloud Technology provides the basic capabilities of cloud services for graffiti, bringing high security and reliable operation and maintenance control, flexible data storage selection, and excellent product experience and global business layout to its IoT developers.

Finally, the Internet of Things is the direction of information technology, with a market size of over trillion.According to the latest global Internet of Things market report released by IDC, it is expected to reach $ 1.1 trillion in 2026.However, the players on the track of the Internet of Things show a few happy situations.Among them, graffiti intelligence, Zujie technology, and Yuanwanggu continued to lose money, forming a huge contrast with Beijing Junzheng and Zhongke Chuangda.On the whole, the Internet of Things has been widely implemented in all walks of life, especially 5G deployment has expanded, which will further promote the development of the Internet of Things industry.For enterprises that have rooted in the vertical industry of the Internet of Things, while helping various industries to make digital transformation and innovation faster, it will also usher in development opportunities. The Internet of Things will open a broader room for performance growth for them.

Yang Jianyong, a Forbes Chinese writer, is committed to in -depth interpretation of cutting -edge technologies such as the Internet of Things, cloud services and artificial intelligence.

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