111, Inc. (YI) Reports Q4 Loss of $12.1M

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Go back to 111, Inc. (YI) Reports Q4 Loss of $12.1M

111, Inc. Announces Fourth Quarter and Fiscal Year 2021 Financial Results

March 17, 2022 3:20 AM EDT

SHANGHAI, March 17, 2022 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and healthcare services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.

Fourth Quarter 2021 Highlights

Net revenues were RMB3.46 billion (US$543.1 million), representing an increase of 30.9% year-over-year. Gross segment profit (1) increased by 98% year-over-year, with B2B segment profit increasing by 133% year-over-year. Non-GAAP loss from operations... More