How did YI's revenue and expenses trend in Q4 2024 compared to previous quarters?

**111 Inc. (YI) experienced a general upward trend in revenue and specific expense categories over the course of Q4 2024 compared to previous quarters**, with some fluctuations. Here's a detailed analysis: 1. **Revenue Trend**: - The revenue for Q4 2024 was $527.14 million. - This was a notable increase from the previous quarter's revenue of $513.09 million in Q3 2024. - The revenue for Q2 2024 was $471.21 million, and for Q1 2024, it was $488.68 million. - Therefore, Q4 2024 showed a strong recovery or growth phase after Q3 2024, and the revenue achieved was the highest among the four quarters. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |YI|YI.O|111|2023 Q4|-3.782829573781498|5.786878516533E8|185| |YI|YI.O|111|2024 Q1|-9.215909776608441|4.886817710136E8|185| |YI|YI.O|111|2024 Q2|-1.7431876411067728|4.712089956146E8|185| |YI|YI.O|111|2024 Q3|2.135598887273245|5.130920827305E8|185| 2. **Cost of Goods Sold (COGS) Trend**: - The COGS for Q4 2024 was $499.4 million. - This was a slight increase from the COGS of $483.08 million in Q3 2024. - The COGS for Q2 2024 was $442.64 million, and for Q1 2024, it was $459.8 million. - The trend of COGS showed a general upward movement from Q2 2024 to Q4 2024, indicating a possible increase in production costs or other cost factors over the period. |code|Ticker|Name|Date|Cost of Goods Sold|Cost of Goods Sold YoY|market_code| |---|---|---|---|---|---|---| |YI|YI.O|111|2023 Q4|5.485108078026E8|-2.86452480311729|185| |YI|YI.O|111|2024 Q1|4.598002841664E8|-8.75074272129567|185| |YI|YI.O|111|2024 Q2|4.4264256001576E8|-1.8312914096026773|185| |YI|YI.O|111|2024 Q3|4.8307954283274E8|1.4369174288681035|185| 3. **Research and Development (R&D) Expenses Trend**: - R&D expenses for Q4 2024 were $2.11 million. - This was a decrease from the R&D expenses of $2.5 million in Q3 2024. - The R&D expenses for Q2 2024 were $2.53 million, and for Q1 2024, they were $2.54 million. - Thus, Q4 2024 showed a reduction in R&D spending compared to the previous quarter, indicating a possible shift in focus or budget allocation. |code|Ticker|Name|Date|R&D Expenses|R&D Expenses YoY|market_code| |---|---|---|---|---|---|---| |YI|YI.O|111|2023 Q4|6915308.4609|28.105570310388085|185| |YI|YI.O|111|2024 Q1|2535767.2056|-31.210955920354166|185| |YI|YI.O|111|2024 Q2|2527383.32086|-25.321648655319617|185| |YI|YI.O|111|2024 Q3|2500712.49414|-28.12889457054073|185| 4. **Selling, General, and Administrative (SG&A) Expenses Trend**: No data was found for SG&A expenses in Q4 2024. However, from the abstract of the article in MarketWatch.com, it is mentioned that SG&A expenses were $8.96 million for R&D and $13.34 million for other SG&A in the annual income statement, and other operating expenses were also mentioned. This suggests that while specific SG&A data for Q4 2024 is not available, the company's SG&A expenses were likely significant, given the reference to other SG&A expenses in the annual report. In summary, YI Inc. demonstrated a strong revenue performance in Q4 2024, with a notable increase compared to the previous quarter. However, there were fluctuations in COGS and R&D expenses over the same period, with COGS showing a general upward trend and R&D expenses experiencing a decrease. The absence of SG&A data for Q4 2024 prevents a complete analysis of this category, but the reference to its significance in the annual income statement suggests that SG&A expenses were likely a key component of the company's overall expenses.