BEST Inc. (BSTI) Tops Q3 Revenue Estimates

BEST Inc. (NYSE: BSTI) reported Q3 revenue for the quarter came in at $804.8 million versus the consensus estimate of $781.46 million.

THIRD QUARTER 2017 FINANCIAL HIGHLIGHTS

• Total revenue was RMB5,354.4 million (US$804.8 million), an increase of 133.9% year-over-year ("YoY").
  • Supply Chain Management Service revenue increased by 28.3% YoY to RMB386.2 million (US$58.1 million).
  • Express Service revenue increased by 147.6% YoY to RMB3,265.7 million (US$490.8 million).
  • Freight Service revenue increased by 100.0% YoY to RMB874.4 million (US$131.4 million).
  • Store+ Service revenue increased by 244.0% YoY to RMB767.9 million (US$115.4 million).
• Gross profit was RMB201.7 million (US$30.3 million), or gross margin of 3.8%, compared to gross loss of RMB88.1 million, or gross margin of negative 3.8%, in the same period of 2016.
• Net loss was RMB466.6 million (US$70.1 million), compared to RMB321.3 million in the same period of 2016.
• Non-GAAP net loss (1) (2) was RMB183.8 million (US$27.6 million), compared to RMB321.3 million in the same period of 2016.
• EBITDA (3) was negative RMB366.3 million (negative US$55.1 million), compared to negative RMB265.9 million in the same period of 2016.
• Adjusted EBITDA (4) was negative RMB85.6 million (negative US$12.9 million), compared to negative RMB265.9 million in the same period of 2016.
• Net cash generated from operating activities was RMB108.7 million (US$16.3 million), compared to net cash used in operating activities of RMB89.7 million in the same period of 2016.
• Capital expenditures (\"CAPEX\") was RMB175.6 million (US$26.4 million), or 3.3% of total revenue, compared to CAPEX of RMB128.9 million, or 5.6% of total revenue, in the same period of 2016.

For earnings history and earnings-related data on BEST Inc. (BSTI) click here.

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