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Stock impact report

China Online Education Group Announces Second Quarter 2019 Results

China Online Education Group ADR (COE)  More Company Research Source: PR Newswire
Last china online education group adr earnings: 5/22 05:00 am Check Earnings Report
US:NYSE Investor Relations: 51talk.investorroom.com
PDF BEIJING, Sept. 11, 2019 /PRNewswire/ -- China Online Education Group ("51Talk" or the "Company") (NYSE:COE), a leading online education platform in China, with core expertise in English education, today announced its unaudited financial results for the second quarter ended June 30, 2019.Second Quarter 2019 Financial and Operating Highlights Net revenues were RMB353.4 million (US$51.5 million), a 25.4% increase from RMB281.7 million for the second quarter of 2018. Gross billings were RMB498.5 million (US$72.6 million), an 18.7% increase from RMB420.0 million for the second quarter of 2018. Gross margin was 69.6%, compared with 65.7% for the second quarter of 2018. GAAP net loss decreased 56.1% year-over-year to RMB32.4 million and sequentially decreased 48.9% from RMB63.3 million for the first quarter of 2019. Non-GAAP net loss decreased 60.2% year-over-year to RMB26.7 million and sequentially decreased 55.0% from RMB59.5 million for the first quarter of 2019. Operating cash inflow was [Read more]
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