How did Rongye Food's revenue and expenses shift in Q3 2024?


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Rongye Food's revenue and expense data for Q3 2024 is not currently available1. However, we can provide insights into the financial performance of other companies during this period to give you a broader perspective.
- Kanzhun Limited (BOSS Zhipin): In Q2 2024, Kanzhun Limited showcased strong growth with a 29% year-over-year (YoY) increase in GAAP revenue, reaching RMB1.92 billion. The company's calculated cash billings grew by 20% YoY, and it projected an 18.2% to 19.5% YoY increase in revenue for Q3 2024, ranging from RMB1.9 billion to RMB1.92 billion2. This growth was driven by a 25% YoY increase in average verified monthly active users and a 31% YoY growth in total paid enterprise customers2.
- Ouster, Inc.: Ouster reported $27 million in revenue for Q2 2024, marking a 39% YoY increase and a 4% sequential growth. The company shipped over 4,000 sensors and achieved a GAAP gross margin of 34%, with non-GAAP gross margin reaching 40%3. Ouster's revenue growth was primarily driven by sales of its lidar sensors and software solutions3.
- High Tide: High Tide reported record revenue of $131.7 million in Q3 2024, marking a 6% YoY increase and sequential growth. The company generated positive net income of $0.8 million, improving from a loss in the same period last year4. High Tide also achieved its highest revenue generating cannabis company status and continued to grow its market share in the provinces where it operates4.
- Krispy Kreme: Krispy Kreme reported net revenue of $379.9 million in Q3 2024, with organic revenue growing 3.5% to $376.4 million. The company achieved a GAAP net income of $37.6 million and an adjusted EBITDA of $34.7 million5. Krispy Kreme's growth was driven by increased sales of its products, particularly in the U.S., where it is rolling out its fresh doughnuts in nearly 2,000 McDonald's restaurants5.
From these examples, it is clear that Rongye Food's revenue and expense details for Q3 2024 are not currently available. However, the financial performance of other companies during this period indicates that growth can be achieved through various drivers such as increased sales, market expansion, and operational efficiency.
Source:
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Rongye Food Revenue and Expense in Q3 2024
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