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Stock impact report

Gridsum Reports Unaudited Second Quarter 2019 Financial Results

GRIDSUM HOLDING INC ADS (GSUM) 
Last gridsum holding inc ads earnings: 5/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gridsum.com
Company Research Source: PR Newswire
BEIJING, Sept. 9, 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 second quarter ended June 30, 2019. HighlightsNet revenues decreased by 38% to RMB69.7 million (US$10.2 million) from RMB112.4 million in the comparable period of 2018. Net loss attributable to Gridsum's ordinary shareholders decreased to RMB123.5 million (US$18.0 million) from RMB132.2 million in the comparable period of 2018.Second Quarter 2019 Financial ResultsREVENUES: Net revenues decreased by 38% to RMB69.7 million (US$10.2 million) from RMB112.4 million in the comparable period of 2018.Enterprise revenues decreased by 40% to RMB60.4 million (US$8.8 million) from RMB100.7 million in the comparable period of 2018, primarily due to the Company's ongoing strategic evolution to achieve a more optimal revenue mix by proac Show less Read more
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