Yunji Q2 Adj. Net Loss $1.3M, Sales $14.58M Down From $23.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Yunji (NASDAQ:YJ) reported a significant decrease in sales for Q2, with a 36.73% drop to $14.58 million compared to $23.05 million the previous year. The company also reported an adjusted net loss of $1.3 million.
August 23, 2024 | 10:05 am
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Yunji reported a 36.73% decrease in Q2 sales to $14.58 million and an adjusted net loss of $1.3 million, indicating financial challenges.
The significant drop in sales and the net loss suggest financial difficulties, likely leading to a negative short-term impact on Yunji's stock price.
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