Gridsum Reports Unaudited First Quarter 2019 Financial Results
GRIDSUM HOLDING INC ADS (GSUM)
Last gridsum holding inc ads earnings: 5/25 04:05 pm
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Source: PR Newswire
BEIJING, June 24, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today reported its unaudited financial results for the first quarter ended March 31, 2019. HighlightsNet revenues decreased by 56% to RMB58.7 million (US$8.7 million) from RMB132.4 million in the comparable period of 2018. Net loss attributable to Gridsum's ordinary shareholders increased to RMB161.4 million (US$24.0 million) from RMB62.5 million in the comparable period of 2018.First Quarter 2019 Financial ResultsREVENUES: Net revenues decreased by 56% to RMB58.7 million (US$8.7 million) from RMB132.4 million in the comparable period of 2018.Enterprise revenues decreased by 52% to RMB57.9 million (US$8.6 million) from RMB119.8 million in the comparable period of 2018, mainly due to: an exceptionally strong performance in sales of Social Listening solutions recorded in the co
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