Yunji Q2 Sales $23.05M Down From $42.39M YoY; Adjusted Net Loss Of $5.49M
Portfolio Pulse from Benzinga Newsdesk
Yunji (NASDAQ:YJ) reported a 45.63% decrease in sales this quarter, with sales of $23.05 million compared to $42.39 million in the same period last year. The company also reported an adjusted net loss of $5.49 million.
August 24, 2023 | 10:06 am
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NEGATIVE IMPACT
Yunji's sales have significantly decreased this quarter, which could negatively impact the company's stock price.
Yunji's sales have decreased by nearly half compared to the same period last year. This significant decrease in sales, along with the reported net loss, could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100