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NASDAQ: BIMI Reports Revenue Gains in Q1 Results: Check Out the Latest Updates!

NASDAQ: BIMI Reports Revenue Gains in Q1 Results: Check Out the Latest Updates!

BOQI International Medical Inc. or BIMI exclusively offers healthcare products and services. Previously, this company was called as NF Energy Saving Corporation, in short, NASDAQ: BIMI. BIMI announced its 2020 first-quarter financial results in June and the results were surprisingly positive. Despite the current pandemic crisis, BIMI has managed to raise more funds with better working capital expansion.

BOQI revenue gain reports of the first quarter:

The shares value of NASDAQ: BIMI at https://www.webull.com/quote/nasdaq-bimi went up slightly on Tuesday after the company confirmed the reports of its positive revenue gains in the first quarter (Q1) results. The pharmaceutical provider announced an official statement that its revenue growth reached $426,898 in the first quarter. Last year, BOQI failed to generate any revenue in the first quarter. However, its net loss value hit $2.2 million by the end of March, which is almost up by 286% as compared to the previous year.

NASDAQ: BIMI current share value:

Shares of BOQI were trading at a value of $2.05 per share on 17 July 2020. It was up by 0.49% while it opened at $2.03 per share value and closed at $2.09 per share value. The lowest value it went was $2.01. Overall, the NASDAQ: BIMI market capitalization value is $21.29 million. Its 52 weeks’ high value was 12.00 and 52 weeks’ low value was 1.03.

How BOQI managed positive revenue gains this year, while last year it generated nil revenue gains?

BOQI officially stated that the revenue was mainly generated from wholesale medicine and medical device sales. Also, the company recently acquired the Guanzan Group to extend its business. NASDAQ: BIMI generated nil revenue in 2019’a first quarter because it discontinued its business operation. At that time, the company focused primarily on the health industry and transformed its main area of operation from an energy conservation business to a medical care and equipment distribution business. BOQI’s new board chairman, Mr Yongquan Bi ensured that the company covers up its loss (Approx. $374,486 for three months) from 2019’s discontinued operation.

The main reason why BOQI was successful to generate positive revenue gains even during the pandemic is that it supplied medicines and medical equipment. In today’s situation, acquiring the Guanzan Group and signing with a Chongqing pharmacy company for medicine distributorship helped BOQI to generate positive gains. As a result, BOQI spun off the energy business at $10 million. The company now plans to operate exclusively as a healthcare product and equipment provider. Their broad range of healthcare equipment and products will surely bring them better revenue growth in the future! You can check more information before investing online. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

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The company operates during two sectors: the Kinder Morgan gas and pipeline supports. Under its Kinder Morgan part, the business operates as a giver of Kinder Morgan produce transport services for the storage system, exciting utility, bulk terminal, and business. Under its gas facilities support part, the business operates as a dealer of offshore maintains services to the universal for the overseas power industry. The storage system support segment operates a diversified fleet of offshore support vessels. It owns a fleet of Nyse kmi at https://www.webull.com/quote/nyse-kmi Kinder Morgan transporter, which has a shared load tonnage dwt of just about 1 million dwt and a common age of around 8 years, and six for out of the country supply vessels. This platform may not eligible for novice agents as it is rather multipart, but will be great for that trader with a decent level of facts who can benefit from the exploration tools accessible here.

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The highly residential statements in this free are based upon a range of assumptions, lots of which are helpful, in turn, ahead of the further report, including without control, management’s test of past operating development, data restricted in the business records and other details accessible from the third party. Even if the Kmi stock business believes that these statements were sensible when made, as these statements are essentially topic to significant doubts and option which are hard or unworkable to expect and are away from the Company’s deal with, the business cannot declare you that it will understand or achieve these outlooks, values or projection. This site is primarily designed at the mobile trader, with its well supplied mobile use.

Kmi Stock news information

Risks and worries are further expressed in the information filed by Kinder Morgan among the U.S. Securities and Trade payment, as well as the Company’s most recently filed yearly details the business report on the plan, as change, filed in relation with the union. The report in this Kmi stock news or Nasdaq jbht at https://www.webull.com/quote/nasdaq-jbht  release speaks only as of the day of this free and we start no responsibility to update or modify any highly developed statement, whether as a product of new facts, future improvement or otherwise, apart from as may be essential by law.

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As well, authentic results may vary noticeably from those uttered or obscure in this declaration as a result of significant risks and doubts, as well as, but not part to the ability to identify the benefits of the transaction and the quantity of the operating cost, and operating expense and charges linked to the business.