The latest announcement is out from Weimob ( (HK:2013) ).
Weimob Inc. announced its annual results for 2024, revealing a significant decrease in revenue by 39.9% compared to the previous year, primarily due to a one-time price concession and reduced rebate ratios from advertising platforms. Despite these challenges, the company focused on cost reduction and efficiency enhancement, disposing of non-core businesses and improving operating cash flow. The strategic adjustments, including scaling back low-profit businesses and improving customer credit periods, have helped narrow the adjusted net loss and improve financial health.
More about Weimob
Weimob Inc. is a company incorporated in the Cayman Islands, primarily operating in the technology sector with a focus on research and development and application of AI technology. The company is involved in providing solutions for WeChat Mini Shop and is dedicated to optimizing business structures and enhancing operational efficiency.
YTD Price Performance: -27.56%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.11B
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