UPDATE: 111, Inc. (YI) Reports Q3 Loss of $0.19, Revenues Miss
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111, Inc. Announces Third Quarter 2019 Unaudited Financial Results
November 14, 2019 4:56 AM ESTSHANGHAI, Nov. 14, 2019 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading integrated online and offline healthcare platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2019.Â
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%... More