Mar. 20 at 11:14 AM
$RERE a leading electronics recycling platform in China, reported strong 2024 results. Q4 revenue hit
$514.9M, up 26.5% year-over-year, with full-year revenue at
$1.87B, a 27.8% increase, per their March 12 earnings. Net income turned positive at
$4.8M in Q4, despite a
$33.8M annual loss, improved from
$39.5M in 2023. Growth is fueled by a JD.com partnership and China’s trade-in stimulus.