Stock News Buzz: 111 (NASDAQ:YI)

On Thursday 111 (NASDAQ:YI) stock traded volume of 37011 shares during its last trading session as compared to its average volume of 9859 shares over the recent month. YI ended its day with the down stream along the move of -5.48% and closed at the price of $5 before opening at $5.5. It has total market capitalization is $408293250. 52 week range of the stock remained $ 2.29 – 10.96 while its day lowest price was $4.64 and its hit its day highest price at $5.5.

On Nov. 14, 2019, 111 (NASDAQ:YI) a leading integrated online and offline healthcare platform in China,  disclosed its unaudited financial results for the third quarter ended September 30, 2019.

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 September 30, 2019, compared to more than 130,000 pharmacies as of September 30, 2018.
  • Quarterly pharmacy order numbers reached 280,000, representing an increase of 45.1% quarter-over-quarter. Same store sales were up 24.6% quarter-over-quarter and newly added pharmacies contributed 15.2% growth quarter-over-quarter.

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