China Online Education Group Announces Second Quarter 2019 Results
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China Online Education Group (COE) Halted on Circuit Breaker
September 11, 2019 9:52 AM EDTChina Online Education Group (NYSE: COE) Halted on Circuit Breaker
... MoreChina Online Education Group (COE) Reports Q2 Loss of $0.19
September 11, 2019 6:21 AM EDTChina Online Education Group (NYSE: COE) reported Q2 EPS of ($0.19). Revenue for the quarter came in at $51.5 million, versus $0 reported last year.
Second Quarter 2019 Financial and Operating Highlights
Net revenues were RMB353.4 million (US$51.5 million), a 25.4% increase from RMB281.7 million for the second quarter of 2018.Gross billings were RMB498.5 million (US$72.6 million), an 18.7% increase from RMB420.0 million for the second quarter of 2018.Gross margin was 69.6%, compared with 65.7% for the second quarter of 2018.GAAP net loss decreased 56.1% year-over-year to RMB32.4 million and sequentially decreased 48.9% from RMB63.3 million for the first quarter of... More