LAIX (LAIX) Tops Q4 EPS by 21c, Revenues Miss

LAIX (NYSE: LAIX) reported Q4 EPS of ($0.11), $0.21 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $36.1 million versus the consensus estimate of $39.5 million.

Management Comments

Dr. Yi Wang, Chairman and Chief Executive Officer of LAIX, commented, "We saw a steady flow of positive effects on our streamlined operations after the business adjustments began in the second quarter of 2020. This is also reflected in our net loss, which was reduced to RMB34.7 million in the fourth quarter of 2020, a 50.9% decrease from the previous quarter, and is expected to improve further in the first quarter of 2021. Looking ahead, we aim to further execute on our growth initiatives, bring our value proposition to the market and maximize long-term value to all our stakeholders."

Outlook

For the first quarter of 2021, the Company currently expects:

• Net revenues to be between RMB180.0 million to RMB200.0 million, which would represent a decrease of approximately 21.2% to 12.4% from RMB228.3 million for the same quarter last year;

This forecast reflects the Company's current and preliminary view on the current business situation and market conditions, which is subject to change.

For earnings history and earnings-related data on LAIX (LAIX) click here.

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