LIZHI INC. (“LIZHI” or the “Company” or “We”) (NASDAQ: LIZI), an
audio-based social and entertainment platform, today announced its
unaudited financial results for the first quarter ended March 31,
2023.
First Quarter 2023 Financial and
Operational Highlights
- Net revenues were
RMB631.0 million (US$91.9 million) in the first quarter of 2023,
representing a 22% increase from RMB516.7 million in the first
quarter of 2022.
- Average total mobile
MAUs1 in the first quarter of 2023 was
49.6 million, compared to 51.5 million in the first quarter of
2022.
- Average total monthly
paying users2 in the first quarter of
2023 was 471.5 thousand, compared to 482.2 thousand in the first
quarter of 2022.
“We are pleased to announce a stellar
performance for the first quarter, posting new record highs for
both revenues and net income,” said Mr. Jinnan (Marco) Lai, Founder
and CEO of LIZHI. “In the first quarter, we remained focused on
enriching innovative product features and functions and harnessing
our proprietary suite of technologies. As we move forward, we will
remain dedicated to honing our competitive edge and executing our
globalization strategy.”
Ms. Chengfang Lu, Acting Chief Financial Officer
of LIZHI, said, “We are delighted to see that in the first quarter
of 2023, our revenue increased by 22% year-over-year to a new high
of RMB631.0 million. In addition, we achieved ongoing profitability
with net income of RMB48.3 million, up 54% sequentially and 194%
year-over-year. Looking ahead, we will continue to improve our
operating efficiency.”
___________________________
1 Refers to the average monthly number of active
users across our platforms and Apps in a given period, calculated
by dividing (i) the sum of mobile active users for each month of
such period, by (ii) the number of months in the same period.2
Refers to the average monthly number of paying users in a given
period, calculated by dividing (i) the total number of paying users
in each month of such period by (ii) the number of months in the
same period.
First Quarter 2023 Unaudited Financial
Results
Net revenues were RMB631.0
million (US$91.9 million) in the first quarter of 2023,
representing a 22% increase from RMB516.7 million in the first
quarter of 2022, primarily due to the growth in average user
spending on our audio entertainment products, driven by diversified
themed activities and optimization of marketing strategy.
Cost of revenues was RMB434.6
million (US$63.3 million) in the first quarter of 2023,
representing a 25% increase from RMB348.6 million in the first
quarter of 2022, mainly attributable to an increase in revenue
sharing fees to our content creators, payment handling costs and
bandwidth costs as we expanded our business, and partially offset
by a decline in other miscellaneous costs.
Gross profit was RMB196.4
million (US$28.6 million) in the first quarter of 2023, compared to
RMB168.1 million in the first quarter of 2022.
Non-GAAP gross
profit3 was RMB198.2 million (US$28.9
million) in the first quarter of 2023, compared to RMB170.7 million
in the first quarter of 2022.
Gross margin in the first
quarter of 2023 was 31%, compared to 32% in the first quarter of
2022.
Non-GAAP gross margin in the
first quarter of 2023 was 31%, compared to 33% in the first quarter
of 2022.
Operating expenses were
RMB153.7 million (US$22.4 million) in the first quarter of 2023,
compared to RMB153.5 million in the first quarter of 2022.
Research and development expenses were RMB71.9
million (US$10.5 million) in the first quarter of 2023,
representing a 1% increase from RMB71.1 million in the first
quarter of 2022, primarily due to the increasing salary and welfare
benefits expenses and share-based compensation expenses, partially
offset by the declining expenses related to research and
development services provided by third parties.
Selling and marketing expenses were RMB58.8
million (US$8.6 million) in the first quarter of 2023, compared to
RMB60.0 million in the first quarter of 2022, primarily
attributable to the decrease in branding and marketing expenses,
partially offset by the increased salary and welfare benefits
expenses. The Company will monitor its discretionary advertising
and promotion expenses and adjust accordingly depending on the
market conditions.
General and administrative expenses were RMB23.0
million (US$3.3 million) in the first quarter of 2023, representing
a 3% increase from RMB22.4 million in the first quarter of 2022,
mainly driven by the increasing provision for litigation
contingencies and professional service fees, partially offset by a
decrease in other miscellaneous expenses.
Operating income was RMB42.7
million (US$6.2 million) in the first quarter of 2023, compared to
RMB14.6 million in the first quarter of 2022.
Non-GAAP operating
income4 was RMB52.9 million (US$7.7
million) in the first quarter of 2023, compared to RMB23.4 million
in the first quarter of 2022.
Net income was RMB48.3 million
(US$7.0 million) in the first quarter of 2023, compared to RMB16.4
million in the first quarter of 2022.
Non-GAAP net income was RMB58.5
million (US$8.5 million) in the first quarter of 2023, compared to
RMB25.2 million in the first quarter of 2022.
___________________________
3 Non-GAAP gross profit is a non-GAAP financial
measure, which is defined as gross profit excluding share-based
compensation expenses. This adjustment amounted to RMB1.7 million
(US$0.3 million) and RMB2.6 million in the first quarter of 2023
and 2022, respectively. Please refer to the section below titled
“Unaudited Reconciliations of GAAP and Non-GAAP Results” for
details.4 Non-GAAP operating income is a non-GAAP financial
measure, which is defined as operating income excluding share-based
compensation expenses. This adjustment amounted to RMB10.2 million
(US$1.5 million) and RMB8.8 million in the first quarter of 2023
and 2022, respectively. Please refer to the section below titled
“Unaudited Reconciliations of GAAP and Non-GAAP Results” for
details.
Net income attributable to LIZHI
INC.’s ordinary shareholders was RMB49.4
million (US$7.2 million) in the first quarter of 2023, compared to
RMB16.4 million in the first quarter of 2022.
Non-GAAP net income attributable to
LIZHI INC.’s ordinary
shareholders5 was RMB59.5 million (US$8.7
million) in the first quarter of 2023, compared to RMB25.2 million
in the first quarter of 2022.
Basic and diluted net income per
ADS6 were RMB0.93 (US$0.14) and RMB0.92
(US$0.13), respectively, in the first quarter of 2023, compared to
RMB0.32 in the first quarter of 2022.
Non-GAAP basic and diluted net income
per ADS7 were RMB1.12 (US$0.16) and
RMB1.11 (US$0.16), respectively, in the first quarter of 2023,
compared to RMB0.49 per ADS in the first quarter of 2022.
Balance Sheets
As of March 31, 2023, the Company had cash and
cash equivalents, short-term investments and restricted cash of
RMB731.3 million (US$106.5 million).
___________________________
5 Non-GAAP net income attributable to LIZHI
INC.’s ordinary shareholders is a non-GAAP financial measure, which
is defined as net income attributable to LIZHI INC.’s ordinary
shareholders, excluding share-based compensation expenses. These
adjustments amounted to RMB10.2 million (US$1.5 million) and RMB8.8
million in the first quarter of 2023 and 2022, respectively. Please
refer to the section below titled “Unaudited Reconciliations of
GAAP and Non-GAAP Results” for details.6 ADS refers to American
Depositary Share. Each ADS represents twenty Class A ordinary
shares of the Company. Basic and diluted net income per ADS is net
income attributable to LIZHI INC.’s ordinary shareholders divided
by the weighted average number of ADS.7 Non-GAAP basic and diluted
net income per ADS is a non-GAAP financial measure, which is
defined as non-GAAP net income attributable to LIZHI INC.’s
ordinary shareholders divided by the weighted average number of ADS
used in the calculation of basic and diluted net income per
ADS.
Conference Call
The Company’s management will host an earnings
conference call at 7:00 AM U.S. Eastern Time on May 25, 2023 (7:00
PM Beijing/Hong Kong Time on May 25, 2023).
For participants who wish to join the call,
please access the link provided below to complete the online
registration 20 minutes prior to the scheduled call start time.
Upon registration, participants will receive details for the
conference call, including dial-in numbers, a personal PIN and an
e-mail with detailed instructions to join the conference call.
Registration Link: |
https://register.vevent.com/register/BIb9112756dc84417fae147580b06d11e1 |
Once registration is completed, please dial in
10 minutes before the scheduled start time of the earnings call and
enter the personal PIN as instructed to connect to the call.
Additionally, a live webcast of the conference
call and a replay of the webcast will be available on the Company’s
investor relations website at http://ir.lizhi.fm.
About LIZHI INC.
LIZHI INC. has created a comprehensive
audio-based social ecosystem with a global presence. The Company
aims to cater to users’ interests in audio entertainment and social
networking through its product portfolios. LIZHI INC. envisions an
audio ecosystem where everyone can be connected and interact
through voices. LIZHI INC. has been listed on Nasdaq since January
2020.
For more information, please visit:
http://ir.lizhi.fm.
Use of Non-GAAP Financial
Measures
The unaudited condensed consolidated financial
information is prepared in conformity with accounting principles
generally accepted in the United States of America (“U.S.
GAAP”).
LIZHI uses non-GAAP gross profit, non-GAAP gross
margin, non-GAAP operating loss/income, non-GAAP net loss/income,
non-GAAP net loss/income attributable to LIZHI INC.’s ordinary
shareholders and non-GAAP basic and diluted net loss/income per
ADS, which are non-GAAP financial measures. Non-GAAP gross profit
is gross profit excluding share-based compensation expenses.
Non-GAAP gross margin is non-GAAP gross profit as a percentage of
net revenues. Non-GAAP operating loss/income is operating
loss/income excluding share-based compensation expenses. Non-GAAP
net loss/income is net loss/income, excluding share-based
compensation expenses. Non-GAAP net loss/income attributable to
LIZHI INC.’s ordinary shareholders is net loss/income attributable
to LIZHI INC.’s ordinary shareholders, excluding share-based
compensation expenses. Non-GAAP basic and diluted net loss/income
per ADS is non-GAAP net loss/income attributable to LIZHI INC.’s
ordinary shareholders divided by the weighted average number of ADS
used in the calculation of basic and diluted net loss/income per
ADS. The Company believes that separate analysis and exclusion of
the non-cash impact of the above reconciling item adds clarity to
the constituent parts of its performance. The Company reviews these
non-GAAP financial measures together with GAAP financial measures
to obtain a better understanding of its operating performance. It
uses the non-GAAP financial measure for planning, forecasting and
measuring results against the forecast. The Company believes that
non-GAAP financial measure is useful supplemental information for
investors and analysts to assess its operating performance without
the non-cash effect of share-based compensation expenses.
However, the use of non-GAAP financial measures
has material limitations as an analytical tool. One of the
limitations of using non-GAAP financial measures is that they do
not include all items that impact the Company’s net income for the
period. In addition, because non-GAAP financial measures are not
measured in the same manner by all companies, they may not be
comparable to other similarly titled measures used by other
companies. In light of the foregoing limitations, you should not
consider non-GAAP financial measures in isolation from, superior
to, or as an alternative to the financial measure prepared in
accordance with U.S. GAAP.
The presentation of these non-GAAP financial
measures is not intended to be considered in isolation from, or as
a substitute for, the financial information prepared and presented
in accordance with U.S. GAAP. For more information on these
non-GAAP financial measures, please see the table captioned
“Unaudited Reconciliations of GAAP and Non-GAAP Results” near the
end of this release.
Exchange Rate Information
This announcement contains translations of
certain RMB amounts into U.S. dollars at a specified rate solely
for the convenience of the reader. Unless otherwise noted, all
translations from RMB to U.S. dollars and from U.S. dollars to RMB
are made at a rate of RMB6.8676 to US$1.00, the exchange rate on
March 31, 2023, set forth in the H.10 statistical release of the
Federal Reserve Board. The Company makes no representation that the
RMB or U.S. dollars amounts referred could be converted into U.S.
dollar or RMB, as the case may be, at any particular rate or at
all.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the Company’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties, and a number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement, including but not limited to the
following: LIZHI’s goals and strategies; LIZHI’s future business
development, results of operations and financial condition; the
expected growth of the online audio market; the expectation
regarding the rate at which to gain active users, especially paying
users; LIZHI’s ability to monetize the user base; fluctuations in
general economic and business conditions in China and overseas
markets; the impact of the COVID-19 to LIZHI’s business operations
and the economy in China and elsewhere generally; any adverse
changes in laws, regulations, rules, policies or guidelines
applicable to LIZHI; and assumptions underlying or related to any
of the foregoing. In some cases, forward-looking statements can be
identified by words or phrases such as “may,” “will,” “expect,”
“anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,”
“believe,” “potential,” “continue,” “is/are likely to” or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company’s
filings with the Securities Exchange Commission. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any duty to update such
information, except as required under applicable law.
For investor and media inquiries, please
contact:
In China:
LIZHI INC.IR DepartmentTel: +86 (20) 3866-4265E-mail:
ir@lizhi.fm
The Piacente Group, Inc.Jenny CaiTel: +86 (10) 6508-0677E-mail:
Lizhi@tpg-ir.com
In the United States:
The Piacente Group, Inc. Brandi PiacenteTel:
+1-212-481-2050E-mail: Lizhi@tpg-ir.com
LIZHI INC.UNAUDITED CONDENSED CONSOLIDATED
BALANCE SHEETS(All amounts in thousands, except for share,
ADS, per share data and per ADS data) |
|
|
|
|
|
|
|
|
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
US$ |
ASSETS |
|
|
|
|
|
|
Current
assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
568,192 |
|
570,697 |
|
83,100 |
Short-term investments |
|
111,353 |
|
150,271 |
|
21,881 |
Restricted cash |
|
10,323 |
|
10,312 |
|
1,502 |
Accounts receivable, net |
|
3,233 |
|
2,996 |
|
436 |
Prepayments and other current assets |
|
30,391 |
|
26,688 |
|
3,886 |
|
|
|
|
|
|
|
Total current
assets |
|
723,492 |
|
760,964 |
|
110,805 |
|
|
|
|
|
|
|
Non-current
assets |
|
|
|
|
|
|
Property, equipment and leasehold improvement, net |
|
26,546 |
|
23,372 |
|
3,403 |
Intangible assets, net |
|
1,183 |
|
1,258 |
|
183 |
Right-of-use assets, net |
|
25,116 |
|
21,000 |
|
3,058 |
|
|
|
|
|
|
|
Total non-current
assets |
|
52,845 |
|
45,630 |
|
6,644 |
|
|
|
|
|
|
|
TOTAL
ASSETS |
|
776,337 |
|
806,594 |
|
117,449 |
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
|
Accounts payable |
|
53,832 |
|
70,398 |
|
10,251 |
Deferred revenue |
|
35,677 |
|
36,977 |
|
5,384 |
Salary and welfare payable |
|
136,837 |
|
106,850 |
|
15,559 |
Taxes payable |
|
5,421 |
|
10,000 |
|
1,456 |
Short-term loans |
|
73,765 |
|
59,072 |
|
8,602 |
Lease liabilities due within one year |
|
18,372 |
|
16,484 |
|
2,400 |
Accrued expenses and other current liabilities |
|
47,622 |
|
47,559 |
|
6,926 |
|
|
|
|
|
|
|
Total current
liabilities |
|
371,526 |
|
347,340 |
|
50,578 |
|
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
|
|
Lease liabilities |
|
8,195 |
|
5,875 |
|
855 |
Other non-current liabilities |
|
3,952 |
|
3,674 |
|
535 |
|
|
|
|
|
|
|
Total non-current
liabilities |
|
12,147 |
|
9,549 |
|
1,390 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES |
|
383,673 |
|
356,889 |
|
51,968 |
|
|
|
|
|
|
|
LIZHI INC.UNAUDITED CONDENSED CONSOLIDATED
BALANCE SHEETS (CONTINUED)(All amounts in thousands,
except for share, ADS, per share data and per ADS data) |
|
|
|
|
|
|
|
|
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
SHAREHOLDERS’
EQUITY |
|
|
|
|
|
|
Class A Ordinary shares (US$0.0001 par value, 1,268,785,000 shares
authorized, 818,962,260 shares issued and 803,607,050 shares
outstanding as of December 31, 2022; 1,268,785,000 shares
authorized, 838,962,260 shares issued and 813,166,690 shares
outstanding as of March 31, 2023). |
|
543 |
|
|
557 |
|
|
81 |
|
Class B Ordinary shares
(US$0.0001 par value, 231,215,000 shares authorized, issued and
outstanding as of December 31, 2022 and March 31, 2023,
respectively). |
|
168 |
|
|
168 |
|
|
24 |
|
Treasury stock |
|
(10 |
) |
|
(18 |
) |
|
(3 |
) |
Additional paid in
capital |
|
2,657,433 |
|
|
2,670,887 |
|
|
388,911 |
|
Statutory reserves |
|
529 |
|
|
529 |
|
|
77 |
|
Accumulated deficit |
|
(2,280,543 |
) |
|
(2,231,181 |
) |
|
(324,885 |
) |
Accumulated other
comprehensive income |
|
14,557 |
|
|
11,332 |
|
|
1,650 |
|
TOTAL LIZHI Inc.’s
shareholders’ equity |
|
392,677 |
|
|
452,274 |
|
|
65,855 |
|
|
|
|
|
|
|
|
Non-controlling interests |
|
(13 |
) |
|
(2,569 |
) |
|
(374 |
) |
|
|
|
|
|
|
|
TOTAL SHAREHOLDERS’
EQUITY |
|
392,664 |
|
|
449,705 |
|
|
65,481 |
|
|
|
|
|
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY |
|
776,337 |
|
|
806,594 |
|
|
117,449 |
|
LIZHI INC.UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS(All amounts in thousands, except
for share, ADS, per share data and per ADS data) |
|
|
|
|
|
Three Months Ended |
|
|
March31,2022 |
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
Net
revenues |
|
|
|
|
|
|
|
|
Audio entertainment revenues |
|
514,022 |
|
|
584,701 |
|
|
628,766 |
|
|
91,555 |
|
Podcast, advertising and other
revenues |
|
2,691 |
|
|
2,930 |
|
|
2,225 |
|
|
324 |
|
Total net
revenues |
|
516,713 |
|
|
587,631 |
|
|
630,991 |
|
|
91,879 |
|
Cost of revenues
(1) |
|
(348,621 |
) |
|
(404,078 |
) |
|
(434,559 |
) |
|
(63,277 |
) |
Gross
profit |
|
168,092 |
|
|
183,553 |
|
|
196,432 |
|
|
28,602 |
|
|
|
|
|
|
|
|
|
|
Operating
expenses (1) |
|
|
|
|
|
|
|
|
Selling and marketing
expenses |
|
(60,009 |
) |
|
(67,686 |
) |
|
(58,848 |
) |
|
(8,569 |
) |
General and administrative
expenses |
|
(22,378 |
) |
|
(26,706 |
) |
|
(22,968 |
) |
|
(3,344 |
) |
Research and development
expenses |
|
(71,094 |
) |
|
(63,673 |
) |
|
(71,911 |
) |
|
(10,471 |
) |
Total operating
expenses |
|
(153,481 |
) |
|
(158,065 |
) |
|
(153,727 |
) |
|
(22,384 |
) |
|
|
|
|
|
|
|
|
|
Operating
income |
|
14,611 |
|
|
25,488 |
|
|
42,705 |
|
|
6,218 |
|
|
|
|
|
|
|
|
|
|
Interest (expenses)/income,
net |
|
(55 |
) |
|
865 |
|
|
856 |
|
|
125 |
|
Foreign exchange
(losses)/gains |
|
(386 |
) |
|
69 |
|
|
(259 |
) |
|
(38 |
) |
Investment income |
|
94 |
|
|
1,548 |
|
|
1,609 |
|
|
234 |
|
Government grants |
|
2,626 |
|
|
3,387 |
|
|
3,189 |
|
|
464 |
|
Others, net |
|
(429 |
) |
|
157 |
|
|
268 |
|
|
39 |
|
|
|
|
|
|
|
|
|
|
Income before income
taxes |
|
16,461 |
|
|
31,514 |
|
|
48,368 |
|
|
7,042 |
|
|
|
|
|
|
|
|
|
|
Income tax expenses |
|
(43 |
) |
|
(103 |
) |
|
(39 |
) |
|
(6 |
) |
|
|
|
|
|
|
|
|
|
Net
income |
|
16,418 |
|
|
31,411 |
|
|
48,329 |
|
|
7,036 |
|
|
|
|
|
|
|
|
|
|
Net loss attributable to the
non-controlling interests shareholders |
|
10 |
|
|
9 |
|
|
1,033 |
|
|
150 |
|
|
|
|
|
|
|
|
|
|
Net income
attributable to LIZHI INC.’s ordinary shareholders |
|
16,428 |
|
|
31,420 |
|
|
49,362 |
|
|
7,186 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIZHI INC.UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS (CONTINUED)(All amounts in
thousands, except for share, ADS, per share data and per ADS
data) |
|
|
|
|
|
Three Months Ended |
|
|
March31,2022 |
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
Net income |
|
16,418 |
|
|
31,411 |
|
|
48,329 |
|
|
7,036 |
|
|
|
|
|
|
|
|
|
|
Other comprehensive
loss: |
|
|
|
|
|
|
|
|
Foreign currency translation
adjustments |
|
(1,218 |
) |
|
(4,414 |
) |
|
(3,225 |
) |
|
(470 |
) |
Total comprehensive
income |
|
15,200 |
|
|
26,997 |
|
|
45,104 |
|
|
6,566 |
|
Comprehensive loss
attributable to non‑controlling interests shareholders |
|
10 |
|
|
9 |
|
|
1,060 |
|
|
154 |
|
Comprehensive income
attributable to LIZHI INC.’s ordinary shareholders |
|
15,210 |
|
|
27,006 |
|
|
46,164 |
|
|
6,720 |
|
|
|
|
|
|
|
|
|
|
Net income
attributable to LIZHI INC.’s ordinary shareholders per
share |
|
|
|
|
|
|
|
|
—Basic |
|
0.02 |
|
|
0.03 |
|
|
0.05 |
|
|
0.01 |
|
—Diluted |
|
0.02 |
|
|
0.03 |
|
|
0.05 |
|
|
0.01 |
|
Weighted average
number of ordinary shares |
|
|
|
|
|
|
|
|
—Basic |
|
1,022,743,151 |
|
|
1,051,159,379 |
|
|
1,058,873,983 |
|
|
1,058,873,983 |
|
—Diluted |
|
1,027,560,107 |
|
|
1,051,159,379 |
|
|
1,067,721,922 |
|
|
1,067,721,922 |
|
|
|
|
|
|
|
|
|
|
Net income
attributable to LIZHI INC.’s ordinary shareholders per
ADS |
|
|
|
|
|
|
|
|
—Basic |
|
0.32 |
|
|
0.60 |
|
|
0.93 |
|
|
0.14 |
|
—Diluted |
|
0.32 |
|
|
0.60 |
|
|
0.92 |
|
|
0.13 |
|
Weighted average number
of ADS |
|
|
|
|
|
|
|
|
—Basic |
|
51,137,158 |
|
|
52,557,969 |
|
|
52,943,699 |
|
|
52,943,699 |
|
—Diluted |
|
51,378,005 |
|
|
52,557,969 |
|
|
53,386,096 |
|
|
53,386,096 |
|
LIZHI INC.UNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS (CONTINUED)(All amounts in
thousands, except for share, ADS, per share data and per ADS
data) |
|
(1) Share-based compensation was allocated in cost
of revenues and operating expenses as follows: |
|
|
|
|
|
Three Months Ended |
|
|
March31,2022 |
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
Cost of revenues |
|
2,606 |
|
1,507 |
|
1,748 |
|
255 |
Selling and marketing
expenses |
|
1,007 |
|
530 |
|
625 |
|
91 |
General and administrative
expenses |
|
2,789 |
|
2,069 |
|
3,494 |
|
509 |
Research and development
expenses |
|
2,361 |
|
1,550 |
|
4,290 |
|
625 |
|
|
|
|
|
|
|
|
|
LIZHI INC.UNAUDITED RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS(All amounts in thousands, except
for share, ADS, per share data and per ADS data) |
|
|
|
|
|
Three Months Ended |
|
|
March31,2022 |
|
December31,2022 |
|
March31,2023 |
|
March31,2023 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
Gross
profit |
|
168,092 |
|
183,553 |
|
196,432 |
|
28,602 |
Share-based compensation
expenses |
|
2,606 |
|
1,507 |
|
1,748 |
|
255 |
Non-GAAP gross
profit |
|
170,698 |
|
185,060 |
|
198,180 |
|
28,857 |
|
|
|
|
|
|
|
|
|
Operating
income |
|
14,611 |
|
25,488 |
|
42,705 |
|
6,218 |
Share-based compensation
expenses |
|
8,763 |
|
5,656 |
|
10,157 |
|
1,480 |
Non-GAAP operating
income |
|
23,374 |
|
31,144 |
|
52,862 |
|
7,698 |
|
|
|
|
|
|
|
|
|
Net
income |
|
16,418 |
|
31,411 |
|
48,329 |
|
7,036 |
Share-based compensation
expenses |
|
8,763 |
|
5,656 |
|
10,157 |
|
1,480 |
Non-GAAP net
income |
|
25,181 |
|
37,067 |
|
58,486 |
|
8,516 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to LIZHI INC.’s ordinary shareholders |
|
16,428 |
|
31,420 |
|
49,362 |
|
7,186 |
Share-based compensation
expenses |
|
8,763 |
|
5,656 |
|
10,157 |
|
1,480 |
Non-GAAP net income
attributable to LIZHI INC.’s ordinary shareholders |
|
25,191 |
|
37,076 |
|
59,519 |
|
8,666 |
|
|
|
|
|
|
|
|
|
Non-GAAP
net income attributable to LIZHI INC.’s ordinary
shareholders per share |
|
|
|
|
|
|
|
|
—Basic |
|
0.02 |
|
0.04 |
|
0.06 |
|
0.01 |
—Diluted |
|
0.02 |
|
0.04 |
|
0.06 |
|
0.01 |
Weighted average
number of ordinary shares |
|
|
|
|
|
|
|
|
—Basic |
|
1,022,743,151 |
|
1,051,159,379 |
|
1,058,873,983 |
|
1,058,873,983 |
—Diluted |
|
1,027,560,107 |
|
1,051,159,379 |
|
1,067,721,922 |
|
1,067,721,922 |
|
|
|
|
|
|
|
|
|
Non-GAAP
net income attributable to LIZHI INC.’s ordinary
shareholders per ADS |
|
|
|
|
|
|
|
|
—Basic |
|
0.49 |
|
0.71 |
|
1.12 |
|
0.16 |
—Diluted |
|
0.49 |
|
0.71 |
|
1.11 |
|
0.16 |
Weighted average
number of ADS |
|
|
|
|
|
|
|
|
—Basic |
|
51,137,158 |
|
52,557,969 |
|
52,943,699 |
|
52,943,699 |
—Diluted |
|
51,378,005 |
|
52,557,969 |
|
53,386,096 |
|
53,386,096 |
|
|
|
|
|
|
|
|
|
LIZHI (NASDAQ:LIZI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
LIZHI (NASDAQ:LIZI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024