He. Mr. you, Thank
XXX.X momentum million, total In Revenues the $XXX.X quarter for revenues continue growth from exhibit highlights quarter, XX.X% XX.X% XX.X% XXXX. second financial total XX.X% our by million. to same representing with the year-over-year apparel of of year-over-year strong start me revenue increased compared quarter. in to with our Let the to of
ago expenses growth of million a the improved compared XX.X% XX.X% $XXX.X thanks to XXXX. from with margins. the Total operating were to quarter in during margin generally million same apparel gross $XX.X Furthermore, year carried sales, higher which
We operational will promote we continue quarter. the on optimizations to through to focus profitability as third move
awareness an marketing in $XX.X and top-line investment were macroeconomic increase headwinds. face building Selling expenses million due our growth continuing $XX in to the million, year-over-year of of our driving brand and
XXXX. by $X.X million in compared million were with year-over-year $X.X same to second G&A the million of million the quarter decreased expenses $X.X Fulfillment during XXXX. quarter $X.X expenses of
a were on sequential As part quarterly expenses, R&D stable expenses $X.X at basis. million of G&A
our expenses and G&A respectively, our X.X% X.X% efficiency, As ago. year enhance make continuous of a continue technical quality a to in operating were further X.X% X.X% of and compared with we respectively and efforts investments experience. result revenues, Meanwhile, to fulfillment to improve user expenses capabilities total
in just net our quarter from million of factors the Given I narrowed the the quarter million same mentioned, loss $X.X for $X.X XXXX. to second
a sheet, had our of of June cash as $XX.X terms compared million $XX.X XXXX and cash balance and ago with in XX, million restricted quarter. and year preceding equivalents $XX.X cash we million In of the
levels minimized and environmental in consciousness, philosophy, inventory also inventory optimize leveraging make-order environmentally manner. an strategies to conscious our We and our data-driven
for value on Furthermore, shareholders dedicated our June XXXX. we are to enhance XX,
XX company form December million XX, than in ADS, which share a repurchase the the of up the program of later no ordinary shares approved Board to XXXX. Our may under
of repurchased million. XX, X.X ADS As USDX.X December approximately have XXXX we totaling million
available business be XXXX, third based on our Finally, $XXX information $XXX to revenues net million between to we and quarter expect and million. currently seasonality, guidance
our strategy To operations will profitability. we sum to efficiency up, enhance our growth continue refining focus to core improve and while
external our we and foresee business strategy executing of to will factors, the our opportunities growth solid new fundamentals our given moderate ahead us support in in quarter third believe exploring do we us. While
to are shareholders. we always, As long-term our dedicated for value creating
Operator? prepared our and questions. concludes we some to happy be take This remarks will
