111, Inc. Announces Third Quarter 2019 Unaudited Financial Results
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UPDATE: 111, Inc. (YI) Reports Q3 Loss of $0.19, Revenues Miss
November 14, 2019 5:55 AM EST(Updated - November 14, 2019 5:56 AM EST)
111, Inc. (NASDAQ: YI) reported Q3 EPS of ($0.19). Revenue for the quarter came in at $155.4 million versus the consensus estimate of $176.39 million.
Third Quarter 2019 Highlights
Net revenues were RMB1.11 billion (US$155.4 million), representing 123.2% growth year-over-year and 32.5% growth quarter-over-quarter, beating high-end of previous guidance of RMB1.05 billion.Operating expenses[1] were RMB165.4 million (US$23.1 million), representing an increase of 13.7% year-over-year. Operating expenses accounted for 14.9% of net revenue this quarter as compared to 29.2% in the same quarter of last year.Number of pharmacies served increased to more than 210,000 as of... More