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Jumia posts revenue and order gains, but compounding losses drag its stock lower

Published Nov 16 2021 at 3:22 PM GMT
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  • Pan-African e-commerce company Jumia released its third-quarter financial performance today, detailing a mix of expected and surprising results.
  • When TechCrunch discussed the company’s Q2 2020 financials, Jumia had a market cap of a little over $2.1 billion, based on a per-share price of $22.
  • Since then, Jumia has lost value, trading at just $17.52 per.
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  • Published Nov 16, 2021 3:22 PM GMT