An announcement from RLX Technology ( (RLX) ) is now available.
RLX Technology announced its unaudited financial results for the fourth quarter and fiscal year 2024, showing significant growth in net revenues and gross margins due to international expansion. Despite a decrease in net income compared to the previous year, the company reported a strong increase in full-year revenue and a return to profitability, highlighting its strategic focus on global operations and product innovation.
More about RLX Technology
RLX Technology Inc. is a leading global branded e-vapor company based in Shenzhen, China. The company focuses on the development and sale of e-vapor products, aiming to advance harm-reduction solutions in the international market.
YTD Price Performance: 6.33%
Average Trading Volume: 5,197,904
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.94B
For a thorough assessment of RLX stock, go to TipRanks’ Stock Analysis page.