111: 1Q Earnings Snapshot

111: 1Q Earnings Snapshot

Associated Press

SHANGHAI (AP) _ 111 Inc. (YI) on Thursday reported a loss of $17.7 million in its first quarter.

The Shanghai-based company said it had a loss of 22 cents per share. Losses, adjusted for stock option expense and asset impairment costs, came to 18 cents per share.

The Operator of a digital and mobile healthcare platform in China posted revenue of $97.7 million in the period.

For the current quarter ending in July, 111 said it expects revenue in the range of $114.1 million to $119.3 million.

111 shares have increased 34% since the beginning of the year.

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