Ucommune International Ltd. Announces Unaudited Third Quarter 2021 Financial Results [MarketWatch]
Ucommune International Ltd - Ordinary Shares (UK)
US:NASDAQ Investor Relations:
reconstructioncapital2.com/announcements.html
Company Research
Source: MarketWatch
the "Company"), a leading agile office space manager and provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Net revenues were RMB253.5 million, representing an increase of 26.8% from the third quarter of 2020. Net loss was RMB181.5 million, compared with RMB169.3 million in the third quarter of 2020. Adjusted net loss which excluded share-based compensation expense, impairment loss on long-lived assets, change in fair value of warrant liability, impairment loss on long-term investments and loss on disposal of subsidiaries, was RMB60.4 million, narrowing by 49.5% year over year from RMB119.8 million in the third quarter of 2020. EBITDA loss was RMB161.2 million, compared with RMB158.2 million in the third quarter of 2020. Adjusted EBITDA loss was RMB40.4 million, compared with RMB76.1 million in the third quarter of 2020. Third Quarter 2021 Operating Highlights As of
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