CooTek Inc. (CTK) Reports Q4 Net Income of $0.5M
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CooTek Announces Fourth Quarter and Full Year 2021 Unaudited Results
March 15, 2022 2:04 AM EDTSHANGHAI, March 15, 2022 /PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a global mobile internet company, today reported unaudited financial results for the fourth quarter ended December 31, 2021.
Fourth Quarter 2021 Highlights
Net revenues were US$53.0 million, a decrease of 48% from US$102.4 million during the same period last year. Gross profit was US$47.0 million, a decrease of 51% from US$95.4 million during the same period last year. Gross profit margin was 88.7%, compared with 93.1% during the same period last year.... More