Business
Meiwu Technology Co., Limited Reports Unaudited Financial Results for the First Half Fiscal Year of 2023
Shenzhen, China, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Meiwu Technology Co., Limited (NASDAQ: WNW) (“Meiwu” or the “Company”), an online and mobile commerce
About this update from Meiwu Technology Company Limited
[{"type":"text","content":"Shenzhen, China, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Meiwu Technology Co., Limited (NASDAQ: WNW) (“Meiwu” or the “Company”), an online and mobile commerce company providing organic and green food products to customers on its online platform and in its stores, enterprise short message service (“SMS”) and information technology to serve designated medical insurance institutions in China. The Company today announced its unaudited financial results for the six months ended June 30, 2023. First Half Fiscal Year of 2023 Operating Highlights ●Registered users of the Company’s online platform generated from selling food products were 729,131 as of June 30, 2023, compared to 711,534 as of June 30, 2022. ●Average daily active users (“DAUs”) of the Company’s online platform generated from selling food products decreased to approximately 63.4 compared to 197.3 in the same period of 2022. ●Number of merchants carried in the Company’s online platform generated from selling food products were 26 as of June 30, 2023, compared to 504 as of June 30, 2022. ●Type of goods carried in the Company’s online platform generated from selling food products were 8 as of June 30, 2023, compared to 3,225 as of June 30, 2022. ●Quantity of billing short messages of the Company’s revenue generated from short message service (“SMS”) increased to approximately 984.33 million compared to 79.41 million in the same period of 2022. ●Average unit price of short messages of the Company’s revenue generated from SMS increased to approximately $0.0083 compared to $0.0077 in the same period of 2022. First Half Fiscal Year of 2023 Financial Highlights ●Total revenues in the first half fiscal year of 2023 increased by 816.90% to US$10.68 million compared to US$1.17 million in the same period of 2022. ●Net loss in the first half fiscal year of 2023 decreased by 94.96% to US$0.28 million from US$5.53 million in the same period of 2022. First Half Fiscal Year of 2023 Key Operating Metrics The Company monitors the following key metrics to evaluate the growth of its business, measure the effectiveness of its marketing efforts, identify trends affecting its business, and make strategic decisions. Registered users of the Company’s online platform. The Company defines this metric as the total number of the registered users of the Company’s online platform as of the end of the period. A...