Why So-Young International (SY) Stock Is Trading Higher Today - So-Young Intl (NASDAQ:SY)

So-Young International Inc SY shares gained over 24% after reporting an upbeat Q1 outlook.
So-Young International reported a fourth-quarter FY22 revenue decline of 27.7% year-on-year to $47.1 million.
The decrease was primarily due to the decline in average revenue per paying medical service provider due to China's COVID-19 control measures and pressure on the Chinese consumer market.
Information services and other revenues were $33.9 million, a decline of 32.1% Y/Y. Reservation services revenues were $3.8 million, a decrease of 37.2% Y/Y. Sales of equipment and maintenance services revenues were $9.5 million.
Average mobile MAUs were 4.0 million, down from 7.4 million a year ago.
The number of paying medical service providers on So-Young's platform was 4,274, down from 5,327 in 2021. Q4 EPADS was $0.04.
So-Young International held $229.8 million in cash and equivalents as of December 31.
So-Young International expects Q1 revenue of $42.0 million - $44.9 million (consensus $41.73 million), down by 3.4%-3.2% Y/Y.
Price Action: SY shares traded higher by 24.2% at $2.06 on the last check Tuesday.