Jowell Global Ltd. Announces First Half 2024 Unaudited Financial Results
Jowell Global Ltd. - Ordinary Shares (JWEL)
Company Research
Source: PR Newswire
-- First Half Revenue of $85.7 million, increase 1.5% year-over-year ---- First Half GMV of $107.3 million, down 7.0% year-over-year --SHANGHAI, Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced its unaudited financial results for the six months ended June 30, 2024.First Half 2024 Financial and Operational HighlightsTotal revenues were $85.7 million, an increase of 1.5% from $84.4 million in the same period of 2023.Net loss was $3.8 million, a decrease of 47.1%, as compared to the net loss of $7.1 million in the same period of 2023.Total GMV (Gross Merchandise Value) transacted in our online shopping mall was $107.3 million, a decrease of 7.0% from $115.5 million in the same period of 2023.Total VIP members[1] as of June 30, 2024 were approximately 2.7 million, an increase of 8.5% compared to approximately 2.
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