RLX Technology (RLX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
RLX Technology, a leading branded e-vapor company, has reported a 66% year-over-year increase in net revenues to RMB627.2 million for Q2 2024, thanks to its global market expansion. Despite a slight decrease in gross margin due to changes in revenue mix, non-GAAP net income saw significant growth from RMB86.2 million to RMB213.1 million. The company’s international business and product innovation remain key drivers for its robust financial performance and commitment to delivering shareholder value.
For further insights into RLX stock, check out TipRanks’ Stock Analysis page.
