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

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

LAIX Inc. Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results

April 27, 2021 5:00 PM EDT

SHANGHAI, April 27, 2021 /PRNewswire/ -- LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter 2020 Financial and Operating Highlights

Gross billings[1] for the fourth quarter of 2020 were RMB171.1 million (US$26.2 million), a 33.4% decrease from RMB257.1 million for the previous quarter and a 50.0% decrease from RMB341.9 million for the same quarter last year.... More