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 third quarter ended September
30, 2023.
Third Quarter 2023 Financial and
Operational Highlights
- Net revenues were RMB425.1 million (US$58.3
million) in the third quarter of 2023, compared with RMB565.2
million in the third quarter of 2022.
- Average total mobile MAUs1 in the third
quarter of 2023 was 42.1 million, compared with 49.7 million
in the third quarter of 2022.
- Average total monthly paying users2 in the
third quarter of 2023 was 402.6 thousand, compared with 476.7
thousand in the third quarter of 2022.
Mr. Jinnan (Marco) Lai, Founder and CEO of
LIZHI, commented, “In the third quarter of 2023, we continued to
develop our ecosystem with innovative product features and diverse
content offerings by leveraging our accumulated in-house suite of
technologies. Amid the challenging and fast-evolving macro
environment, we maintained our focus on integrating advanced
technologies and fostering a healthy and sustained business
ecosystem while promoting innovation across our domestic business
and effectively executing our global expansion strategy.”
Ms. Chengfang Lu, Acting Chief Financial Officer
of LIZHI, stated, “Our net revenues in the third quarter of 2023
were RMB425.1 million. Despite the complex backdrop and market
uncertainties that persisted, we remained steadfast in
strengthening our core competitiveness through technological
innovation during the quarter. Moving forward, we remain committed
to further enhancing organizational efficiency, developing
globalization capability, and enhancing overall agility,
positioning us to deliver enduring value to our stakeholders.”
___________________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.
Third quarter 2023 Unaudited Financial
Results
Net revenues were RMB425.1
million (US$58.3 million) in the third quarter of 2023, compared
with RMB565.2 million in the third quarter of 2022, primarily due
to the decline in average paying users and user spending on our
audio entertainment products.
Cost of revenues was RMB317.3
million (US$43.5 million) in the third quarter of 2023, compared
with RMB376.2 million in the third quarter of 2022, mainly
attributable to (i) the decreased revenue sharing fees, (ii) the
decreased share-based compensation expenses, (iii) the decreased
payment handling costs, and (iv) the decreased other miscellaneous
costs.
Gross profit was RMB107.8
million (US$14.8 million) in the third quarter of 2023, compared
with RMB189.1 million in the third quarter of 2022.
Non-GAAP gross profit3 was
RMB107.9 million (US$14.8 million) in the third quarter of 2023,
compared with RMB190.8 million in the third quarter of 2022.
Gross margin in the third
quarter of 2023 was 25%, compared with 33% in the third quarter of
2022, mainly due to an increase in the revenue sharing percentage
resulting from the adjustment in revenue sharing policies in the
third quarter of 2023.
Non-GAAP gross margin in the
third quarter of 2023 was 25%, compared with 34% in the third
quarter of 2022.
Operating expenses were
RMB167.9 million (US$23.0 million) in the third quarter of 2023,
compared with RMB176.6 million in the third quarter of 2022.
Research and development expenses were RMB83.8
million (US$11.5 million) in the third quarter of 2023,
representing a 7% increase from RMB78.3 million in the third
quarter of 2022, primarily due to the increased salary and welfare
benefits expenses related to increased severance pay to optimize
the efficiency of the research and development employees, and
partially offset by the decreased expenses related to research and
development services provided by third parties.
Selling and marketing expenses were RMB59.1
million (US$8.1 million) in the third quarter of 2023, compared
with RMB71.2 million in the third quarter of 2022, primarily
attributable to decreased branding and marketing expenses. The
Company will monitor its discretionary advertising and promotion
expenses and adjust accordingly depending on market conditions.
General and administrative expenses were RMB25.1
million (US$3.4 million) in the third quarter of 2023, compared
with RMB27.1 million in the third quarter of 2022, mainly driven by
decreased professional service fees provided by third parties,
provision for litigation contingencies, and other miscellaneous
expenses.
Operating loss was RMB60.1
million (US$8.2 million) in the third quarter of 2023, compared to
operating income of RMB12.5 million in the third quarter of
2022.
Non-GAAP operating loss4 was
RMB55.0 million (US$7.5 million) in the third quarter of 2023,
compared to non-GAAP operating income of RMB20.2 million in the
third 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 RMB0.1 million (US$0.0 million) and RMB1.7 million in
the third 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 loss is a
non-GAAP financial measure, which is defined as operating loss
excluding share-based compensation expenses. This adjustment
amounted to RMB5.1 million (US$0.7 million) and RMB7.7 million in
the third quarter of 2023 and 2022, respectively. Please refer to
the section below titled “Unaudited Reconciliations of GAAP and
Non-GAAP Results” for details.
Other expenses were RMB5.9
million (US$0.8 million) in the third quarter of 2023, compared to
other income of RMB1.7 million in the third quarter of 2022, mainly
attributable to the remuneration fees to the depositary bank in
relation to the ratio change of ADS5 on September 20, 2023.
Net loss was RMB62.0 million
(US$8.5 million) in the third quarter of 2023, compared to net
income of RMB19.8 million in the third quarter of 2022.
Non-GAAP net loss was RMB56.9
million (US$7.8 million) in the third quarter of 2023, compared to
non-GAAP net income of RMB27.5 million in the third quarter of
2022.
Net loss attributable to LIZHI
INC.’s ordinary shareholders was RMB59.9
million (US$8.2 million) in the third quarter of 2023, compared to
net income attributable to LIZHI INC.’s ordinary shareholders of
RMB19.8 million in the third quarter of 2022.
Non-GAAP net
loss attributable to
LIZHI INC.’s ordinary
shareholders6 was RMB54.8 million (US$7.5 million) in the
third quarter of 2023, compared to non-GAAP net income attributable
to LIZHI INC.’s ordinary shareholders of RMB27.5 million in the
third quarter of 2022.
Basic and diluted net
loss per ADS were both RMB11.01
(US$1.51) in the third quarter of 2023, compared to basic and
diluted net income of RMB3.81 and RMB3.79 per ADS in the third
quarter of 2022, respectively.
Non-GAAP basic and diluted net
loss per ADS7 were both RMB10.07
(US$1.38) in the third quarter of 2023, compared to non-GAAP basic
and diluted net income RMB5.29 and RMB5.26 per ADS in the third
quarter of 2022, respectively.
Balance Sheets
As of September 30, 2023, the Company had cash
and cash equivalents and restricted cash of RMB615.8 million
(US$84.4 million).
___________________5 ADS refers to American
Depositary Share. Each ADS represents two hundred Class A ordinary
shares of the Company. Basic and diluted net loss per ADS is net
loss attributable to LIZHI INC.’s ordinary shareholders divided by
the weighted average number of ADS.6 Non-GAAP net loss attributable
to LIZHI INC.’s ordinary shareholders is a non-GAAP financial
measure, which is defined as net loss attributable to LIZHI INC.’s
ordinary shareholders, excluding share-based compensation expenses.
These adjustments amounted to RMB5.1 million (US$0.7 million) and
RMB7.7 million in the third quarter of 2023 and 2022, respectively.
Please refer to the section below titled “Unaudited Reconciliations
of GAAP and Non-GAAP Results” for details.
7 Non-GAAP basic and diluted net loss per ADS is a non-GAAP
financial measure, which is defined as non-GAAP net loss
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 8:00 PM U.S. Eastern Time on November 29, 2023
(9:00 AM Beijing/Hong Kong Time on November 30, 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/BI23af8f892c1b4c1ab2e8f0ed20fdbcee |
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 RMB7.2960 to US$1.00, the exchange rate on
September 29, 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) 8381-8791E-mail:
ir@lizhi.fm
Piacente Financial CommunicationsJenny CaiTel: +86 (10)
6508-0677E-mail: Lizhi@tpg-ir.com
In the United States:
Piacente Financial CommunicationsBrandi 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 |
|
September30,2023 |
|
September
30,2023 |
|
RMB |
|
RMB |
|
US$ |
ASSETS |
|
|
|
|
|
Current
assets |
|
|
|
|
|
Cash and cash equivalents |
568,192 |
|
605,436 |
|
82,982 |
Short-term investments |
111,353 |
|
- |
|
- |
Restricted cash |
10,323 |
|
10,409 |
|
1,427 |
Accounts receivable, net |
3,233 |
|
2,238 |
|
307 |
Prepayments and other current assets |
30,391 |
|
34,471 |
|
4,725 |
|
|
|
|
|
|
Total current
assets |
723,492 |
|
652,554 |
|
89,441 |
|
|
|
|
|
|
Non-current
assets |
|
|
|
|
|
Property, equipment and leasehold improvement, net |
26,546 |
|
17,631 |
|
2,417 |
Intangible assets, net |
1,183 |
|
1,554 |
|
213 |
Right-of-use assets, net |
25,116 |
|
18,430 |
|
2,526 |
Other non-current assets |
- |
|
10,864 |
|
1,489 |
|
|
|
|
|
|
Total non-current
assets |
52,845 |
|
48,479 |
|
6,645 |
|
|
|
|
|
|
TOTAL ASSETS |
776,337 |
|
701,033 |
|
96,086 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
Accounts payable |
53,832 |
|
43,943 |
|
6,023 |
Deferred revenue |
35,677 |
|
27,222 |
|
3,731 |
Salary and welfare payable |
136,837 |
|
136,241 |
|
18,673 |
Taxes payable |
5,421 |
|
4,616 |
|
633 |
Short-term loans |
73,765 |
|
7,180 |
|
984 |
Lease liabilities due within one year |
18,372 |
|
13,134 |
|
1,800 |
Accrued expenses and other current liabilities |
47,622 |
|
41,936 |
|
5,749 |
|
|
|
|
|
|
Total current
liabilities |
371,526 |
|
274,272 |
|
37,593 |
|
|
|
|
|
|
Non-current
liabilities |
|
|
|
|
|
Lease liabilities |
8,195 |
|
5,780 |
|
792 |
Other non-current liabilities |
3,952 |
|
- |
|
- |
|
|
|
|
|
|
Total non-current
liabilities |
12,147 |
|
5,780 |
|
792 |
|
|
|
|
|
|
TOTAL
LIABILITIES |
383,673 |
|
280,052 |
|
38,385 |
|
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 |
|
September30,2023 |
|
September
30,2023 |
|
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 and803,607,050 shares
outstanding as of December 31, 2022;1,268,785,000 shares
authorized, 838,962,260 shares issuedand 827,140,610 shares
outstanding as of September 30,2023). |
543 |
|
|
557 |
|
|
76 |
|
Class B
Ordinary shares (US$0.0001 par value, 231,215,000 |
|
|
|
|
|
|
|
|
shares authorized, issued and outstanding as of December 31,2022
and September 30, 2023, respectively). |
168 |
|
|
168 |
|
|
23 |
|
Treasury
stock |
(10 |
) |
|
(8 |
) |
|
(1 |
) |
Additional paid in capital |
2,657,433 |
|
|
2,683,447 |
|
|
367,797 |
|
Statutory reserves |
529 |
|
|
529 |
|
|
73 |
|
Accumulated deficit |
(2,280,543 |
) |
|
(2,277,859 |
) |
|
(312,207 |
) |
Accumulated other comprehensive income |
14,557 |
|
|
20,612 |
|
|
2,826 |
|
TOTAL LIZHI Inc.’s
shareholders’ equity |
392,677 |
|
|
427,446 |
|
|
58,587 |
|
|
|
|
|
|
|
Non-controlling interests |
(13 |
) |
|
(6,465 |
) |
|
(886 |
) |
|
|
|
|
|
|
TOTAL
SHAREHOLDERS’ EQUITY |
392,664 |
|
|
420,981 |
|
|
57,701 |
|
|
|
|
|
|
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY |
776,337 |
|
|
701,033 |
|
|
96,086 |
|
|
LIZHI INC. |
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS |
(All amounts in thousands, except for share, ADS, per share data
and per ADS data) |
|
|
Three Months Ended |
|
Nine Months Ended |
|
September30,2022 |
|
June30,2023 |
|
September30,2023 |
|
September
30,2023 |
|
September30,2022 |
|
September30,2023 |
|
September
30,2023 |
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
Audio entertainment revenues |
562,573 |
|
|
590,530 |
|
|
423,110 |
|
|
57,992 |
|
|
1,589,613 |
|
|
1,642,406 |
|
|
225,110 |
|
Podcast, advertising and other
revenues |
2,655 |
|
|
2,327 |
|
|
1,992 |
|
|
273 |
|
|
8,022 |
|
|
6,544 |
|
|
897 |
|
Total net
revenues |
565,228 |
|
|
592,857 |
|
|
425,102 |
|
|
58,265 |
|
|
1,597,635 |
|
|
1,648,950 |
|
|
226,007 |
|
Cost of revenues
(1) |
(376,159 |
) |
|
(418,446 |
) |
|
(317,302 |
) |
|
(43,490 |
) |
|
(1,064,843 |
) |
|
(1,170,307 |
) |
|
(160,404 |
) |
Gross
profit |
189,069 |
|
|
174,411 |
|
|
107,800 |
|
|
14,775 |
|
|
532,792 |
|
|
478,643 |
|
|
65,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing
expenses |
(71,167 |
) |
|
(67,522 |
) |
|
(59,098 |
) |
|
(8,100 |
) |
|
(191,932 |
) |
|
(185,468 |
) |
|
(25,421 |
) |
General and administrative
expenses |
(27,093 |
) |
|
(23,934 |
) |
|
(25,075 |
) |
|
(3,437 |
) |
|
(80,021 |
) |
|
(71,977 |
) |
|
(9,865 |
) |
Research and development
expenses |
(78,320 |
) |
|
(75,184 |
) |
|
(83,767 |
) |
|
(11,481 |
) |
|
(219,676 |
) |
|
(230,862 |
) |
|
(31,642 |
) |
Total operating
expenses |
(176,580 |
) |
|
(166,640 |
) |
|
(167,940 |
) |
|
(23,018 |
) |
|
(491,629 |
) |
|
(488,307 |
) |
|
(66,928 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income/(loss) |
12,489 |
|
|
7,771 |
|
|
(60,140 |
) |
|
(8,243 |
) |
|
41,163 |
|
|
(9,664 |
) |
|
(1,325 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
(468 |
) |
|
(554 |
) |
|
(70 |
) |
|
(10 |
) |
|
(1,826 |
) |
|
(1,463 |
) |
|
(201 |
) |
Foreign exchange losses |
(311 |
) |
|
(352 |
) |
|
(283 |
) |
|
(39 |
) |
|
(1,121 |
) |
|
(894 |
) |
|
(123 |
) |
Interest income and investment
income |
2,198 |
|
|
2,973 |
|
|
2,090 |
|
|
286 |
|
|
4,221 |
|
|
8,367 |
|
|
1,147 |
|
Government grants |
4,178 |
|
|
2,005 |
|
|
2,290 |
|
|
314 |
|
|
10,973 |
|
|
7,484 |
|
|
1,026 |
|
Others, net |
1,736 |
|
|
142 |
|
|
(5,851 |
) |
|
(802 |
) |
|
1,787 |
|
|
(5,441 |
) |
|
(746 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income/(loss) before
income taxes |
19,822 |
|
|
11,985 |
|
|
(61,964 |
) |
|
(8,494 |
) |
|
55,197 |
|
|
(1,611 |
) |
|
(222 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expenses |
- |
|
|
(424 |
) |
|
(37 |
) |
|
(5 |
) |
|
(104 |
) |
|
(500 |
) |
|
(69 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss) |
19,822 |
|
|
11,561 |
|
|
(62,001 |
) |
|
(8,499 |
) |
|
55,093 |
|
|
(2,111 |
) |
|
(291 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to the
non-controlling interests shareholders |
1 |
|
|
1,646 |
|
|
2,116 |
|
|
290 |
|
|
4 |
|
|
4,795 |
|
|
657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
attributable to LIZHI INC.’s ordinary shareholders |
19,823 |
|
|
13,207 |
|
|
(59,885 |
) |
|
(8,209 |
) |
|
55,097 |
|
|
2,684 |
|
|
366 |
|
|
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 |
|
Nine Months Ended |
|
September30,2022 |
|
June30,2023 |
|
September30,2023 |
|
September
30,2023 |
|
September30,2022 |
|
September30,2023 |
|
September
30,2023 |
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss) |
19,822 |
|
11,561 |
|
(62,001 |
) |
|
(8,499 |
) |
|
55,093 |
|
(2,111 |
) |
|
(291 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
income/(loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustments |
14,602 |
|
10,428 |
|
(1,309 |
) |
|
(179 |
) |
|
28,728 |
|
5,894 |
|
|
808 |
|
Total
comprehensive income/(loss) |
34,424 |
|
21,989 |
|
(63,310 |
) |
|
(8,678 |
) |
|
83,821 |
|
3,783 |
|
|
517 |
|
Comprehensive loss
attributable to non‑controlling interests shareholders |
1 |
|
1,811 |
|
2,085 |
|
|
286 |
|
|
4 |
|
4,956 |
|
|
679 |
|
Comprehensive
income/(loss) attributable to LIZHI INC.’s ordinary
shareholders |
34,425 |
|
23,800 |
|
(61,225 |
) |
|
(8,392 |
) |
|
83,825 |
|
8,739 |
|
|
1,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss) attributable to LIZHI
INC.’s ordinary shareholders per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
0.02 |
|
0.01 |
|
(0.06 |
) |
|
(0.01 |
) |
|
0.05 |
|
0.00 |
|
|
0.00 |
|
—Diluted |
0.02 |
|
0.01 |
|
(0.06 |
) |
|
(0.01 |
) |
|
0.05 |
|
0.00 |
|
|
0.00 |
|
Weighted average
number of ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
1,040,595,117 |
|
1,074,052,668 |
|
1,087,902,701 |
|
|
1,087,902,701 |
|
|
1,031,562,237 |
|
1,073,716,117 |
|
|
1,073,716,117 |
|
—Diluted |
1,045,863,031 |
|
1,079,619,876 |
|
1,087,902,701 |
|
|
1,087,902,701 |
|
|
1,035,643,138 |
|
1,078,497,199 |
|
|
1,078,497,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss) attributable to LIZHI
INC.’s ordinary shareholders per ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
3.81 |
|
2.46 |
|
(11.01 |
) |
|
(1.51 |
) |
|
10.68 |
|
0.50 |
|
|
0.07 |
|
—Diluted |
3.79 |
|
2.45 |
|
(11.01 |
) |
|
(1.51 |
) |
|
10.64 |
|
0.50 |
|
|
0.07 |
|
Weighted average
number of ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
5,202,976 |
|
5,370,263 |
|
5,439,514 |
|
|
5,439,514 |
|
|
5,157,811 |
|
5,368,581 |
|
|
5,368,581 |
|
—Diluted |
5,229,315 |
|
5,398,099 |
|
5,439,514 |
|
|
5,439,514 |
|
|
5,178,216 |
|
5,392,486 |
|
|
5,392,486 |
|
|
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 |
|
Nine Months Ended |
|
September30,2022 |
|
June30,2023 |
|
September30,2023 |
|
September
30,2023 |
|
September30,2022 |
|
September30,2023 |
|
September
30,2023 |
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues |
1,728 |
|
1,219 |
|
109 |
|
15 |
|
5,545 |
|
3,076 |
|
422 |
Selling and marketing
expenses |
455 |
|
456 |
|
485 |
|
66 |
|
1,729 |
|
1,566 |
|
215 |
General and administrative
expenses |
2,157 |
|
1,912 |
|
2,019 |
|
277 |
|
7,590 |
|
7,425 |
|
1,018 |
Research and development
expenses |
3,359 |
|
2,194 |
|
2,479 |
|
340 |
|
8,713 |
|
8,963 |
|
1,228 |
|
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 |
|
Nine Months Ended |
|
September30,2022 |
|
June30,2023 |
|
September30,2023 |
|
September
30,2023 |
|
September30,2022 |
|
September30,2023 |
|
September
30,2023 |
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit |
189,069 |
|
174,411 |
|
107,800 |
|
|
14,775 |
|
|
532,792 |
|
478,643 |
|
|
65,603 |
|
Share-based compensation
expenses |
1,728 |
|
1,219 |
|
109 |
|
|
15 |
|
|
5,545 |
|
3,076 |
|
|
422 |
|
Non-GAAP gross
profit |
190,797 |
|
175,630 |
|
107,909 |
|
|
14,790 |
|
|
538,337 |
|
481,719 |
|
|
66,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income/(loss) |
12,489 |
|
7,771 |
|
(60,140 |
) |
|
(8,243 |
) |
|
41,163 |
|
(17,435 |
) |
|
(1,325 |
) |
Share-based compensation
expenses |
7,699 |
|
5,781 |
|
5,092 |
|
|
698 |
|
|
23,577 |
|
15,249 |
|
|
2,883 |
|
Non-GAAP operating
income/(loss) |
20,188 |
|
13,552 |
|
(55,048 |
) |
|
(7,545 |
) |
|
64,740 |
|
(2,186 |
) |
|
1,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income/(loss) |
19,822 |
|
11,561 |
|
(62,001 |
) |
|
(8,499 |
) |
|
55,093 |
|
(13,672 |
) |
|
(291 |
) |
Share-based compensation
expenses |
7,699 |
|
5,781 |
|
5,092 |
|
|
698 |
|
|
23,577 |
|
15,249 |
|
|
2,883 |
|
Non-GAAP net
income/(loss) |
27,521 |
|
17,342 |
|
(56,909 |
) |
|
(7,801 |
) |
|
78,670 |
|
1,577 |
|
|
2,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
attributable to LIZHI INC.’s ordinary
shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based compensation
expenses |
7,699 |
|
5,781 |
|
5,092 |
|
|
698 |
|
|
23,577 |
|
15,249 |
|
|
2,883 |
|
Non-GAAP net
income/(loss) attributable to LIZHIINC.’s ordinary
shareholders |
27,522 |
|
18,988 |
|
(54,793 |
) |
|
(7,511 |
) |
|
78,674 |
|
4,726 |
|
|
3,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
net income/(loss)
attributable to LIZHI INC.’s ordinary shareholders per
share |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
0.03 |
|
0.02 |
|
(0.05 |
) |
|
(0.01 |
) |
|
0.08 |
|
0.00 |
|
|
0.00 |
|
—Diluted |
0.03 |
|
0.02 |
|
(0.05 |
) |
|
(0.01 |
) |
|
0.08 |
|
0.00 |
|
|
0.00 |
|
Weighted average number
of ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
1,040,595,117 |
|
1,074,052,668 |
|
1,087,902,701 |
|
|
1,087,902,701 |
|
|
1,031,562,237 |
|
1,073,716,117 |
|
|
1,073,716,117 |
|
—Diluted |
1,045,863,031 |
|
1,079,619,876 |
|
1,087,902,701 |
|
|
1,087,902,701 |
|
|
1,035,643,138 |
|
1,078,497,199 |
|
|
1,078,497,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP
net income/(loss)
attributable to LIZHI INC.’s ordinary shareholders per
ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
5.29 |
|
3.54 |
|
(10.07 |
) |
|
(1.38 |
) |
|
15.25 |
|
0.88 |
|
|
0.61 |
|
—Diluted |
5.26 |
|
3.52 |
|
(10.07 |
) |
|
(1.38 |
) |
|
15.19 |
|
0.88 |
|
|
0.60 |
|
Weighted average number
of ADS |
|
|
|
|
|
|
|
|
|
|
|
|
|
—Basic |
5,202,976 |
|
5,370,263 |
|
5,439,514 |
|
|
5,439,514 |
|
|
5,157,811 |
|
5,368,581 |
|
|
5,368,581 |
|
—Diluted |
5,229,315 |
|
5,398,099 |
|
5,439,514 |
|
|
5,439,514 |
|
|
5,178,216 |
|
5,392,486 |
|
|
5,392,486 |
|
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