China Online Education Group (NYSE: COE) reported Q1 EPS of ($0.90). Revenue for the quarter came in at $41.9 million.

Non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for the first quarter of 2018 was RMB5.25 (US$0.90), compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of RMB6.30 for the same quarter last year.

Outlook

For the second quarter of 2018, the Company currently expects:

• Net revenues to be between RMB265 million to RMB275 million, which would represent an increase of approximately 38% to 43% from RMB191.8 million for the same quarter last year; and
• Gross billings to be between RMB385 million to RMB395 million, which would represent an increase of approximately 8% to 11% from RMB355.1 million for the same quarter last year.

For earnings history and earnings-related data on China Online Education Group (COE) click here.