Ucommune International Ltd. (UK) Reports Q4 Loss of $0.34 on Revenues of $42.71M

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Go back to Ucommune International Ltd. (UK) Reports Q4 Loss of $0.34 on Revenues of $42.71M

Ucommune International Ltd. Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results

April 15, 2021 6:00 AM EDT

BEIJING, April 15, 2021 /PRNewswire/ -- Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial Highlights

Net revenues were RMB278.7 million, representing an increase of 39.4% from the third quarter of 2020 and a decrease of 4.8% from the fourth quarter of 2019. Net loss was RMB149.1 million, narrowing by 11.9% from the third quarter of 2020 and by 36.8%... More