UPDATE: China Online Education Group (COE) Reports Q2 Loss of $0.04
(Updated - September 12, 2018 12:15 PM EDT)
(Update removes incorrect consensus revenue figure)
China Online Education Group (NYSE: COE) reported Q2 EPS of ($0.04). Revenue for the quarter came in at $42.6 million.
- Net revenues were RMB281.7 million (US$42.6 million), a 46.9% increase from RMB191.8 million for the second quarter of 2017.
- Gross billings were RMB420.0 million (US$63.5 million), an 18.3% increase from RMB355.1 million for the second quarter of 2017.
- Gross margin was 65.7%, compared with 62.9% for the second quarter of 2017.
- Percentage of gross billings contributed by K-12 students was 83.5%, compared with 71.9% for the second quarter of 2017.
For earnings history and earnings-related data on China Online Education Group (COE) click here.