Luckin Coffee (LKNCY) provides a technology-driven retail network to serve coffee and other products to consumers. The company reported 33.3% top-line growth for Fiscal Year 2020. Let's have a look at Luckin’s recent fiscal 2020 financials as well as what has changed in its key risk factors that investors should know. In fiscal 2020, driven chiefly by higher average product selling prices, Luckin’s net revenue jumped 33.3% year-over-year to $618.1 million. The cumulative number of transacting customers of the company stood at 64.9 million as of December 31, 2020, as compared to 40.6 million as of December 31, 2019.
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