111, Inc. Announces Third Quarter 2024 Unaudited Financial Results
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111, Inc. (NASDAQ: YI) reported its unaudited financial results for Q3 2024, maintaining operational profitability for the third consecutive quarter. Operating expenses as a percentage of revenues decreased by 160 basis points year-over-year, and the company held positive operating cash flow for three consecutive quarters. Net revenues were RMB3.6 billion (US$513.1 million), remaining relatively flat compared to the same quarter last year.
November 27, 2024 | 6:15 am
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111, Inc. reported stable financial performance for Q3 2024, with continued operational profitability and positive cash flow. Operating expenses decreased, but revenues remained flat.
The company maintained operational profitability and positive cash flow for three consecutive quarters, which is a positive indicator for investors. The decrease in operating expenses as a percentage of revenues is also favorable. However, the flat revenue growth may limit the upside potential.
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IMPORTANCE 80
RELEVANCE 100