LAIX (LAIX) Reports Q1 EPS of $0.04

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Go back to LAIX (LAIX) Reports Q1 EPS of $0.04

LAIX Inc. Announces First Quarter 2021 Unaudited Financial Results

May 26, 2021 5:00 PM EDT

SHANGHAI, May 26, 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 first quarter ended March 31, 2021.

First Quarter 2021 Financial and Operating Highlights

Net income for the first quarter of 2021 was RMB12.2 million (US$1.9 million), compared with a net loss of RMB34.7 million for the previous quarter and a net loss of RMB197.0 million for the same quarter last year.... More