ATRenew Inc. Reports Unaudited First Quarter 2024 Financial Results
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE)
Company Research
Source: PR Newswire
SHANGHAI, May 20, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced its unaudited financial results for the three months ended March 31, 2024. First Quarter 2024 Highlights Total net revenues grew by 27.1% to RMB3,651.1 million (US$505.7 million) from RMB2,871.8 million in the first quarter of 2023.Loss from operations was RMB43.4 million (US$6.0 million), compared to a loss from operations of RMB67.6 million in the first quarter of 2023. Adjusted income from operations (non-GAAP)[1] was RMB80.2 million (US$11.1 million), compared to RMB44.4 million in the first quarter of 2023.Number of consumer products transacted[2] was 8.4 million compared to 7.9 million in the first quarter of 2023.Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to see that our total net revenues in the firs
Show less
Read more
Impact Snapshot
Event Time:
RERE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RERE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RERE alerts
High impacting ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) news events
Weekly update
A roundup of the hottest topics
RERE
News
- ATRenew Inc. Renews Business Cooperation Agreement with JD.comPR Newswire
- RERE: 1Q24 Earnings Review: EPS Shortfall, But Increasingly Tapping into Complementary Products and Sales Channels [Yahoo! Finance]Yahoo! Finance
- ATRenew Inc. Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- ATRenew to Attend Goldman Sachs TechNet Conference Asia Pacific 2024 [Yahoo! Finance]Yahoo! Finance
- ATRenew to Attend Goldman Sachs TechNet Conference Asia Pacific 2024PR Newswire
RERE
Sec Filings
- 5/31/24 - Form 6-K
- 5/20/24 - Form 6-K
- 4/26/24 - Form 6-K
- RERE's page on the SEC website