UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2023
Commission file number: 001-39177
LIZHI INC.
(Exact Name of Registrant as Specified in Its
Charter)
Yangcheng Creative Industry Zone,
No. 309 Middle Huangpu Avenue,
Tianhe District, Guangzhou 510655,
The People’s Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or
Form 40-F. Form 20-F x Form 40-F ¨
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
LIZHI INC. |
| |
|
| Date: November 29,
2023 |
By: |
/s/ Jinnan (Marco) Lai |
| |
|
Name: |
Jinnan (Marco) Lai |
| |
|
Title: |
Chief Executive Officer, Director |
EXHIBIT INDEX
Exhibit 99.1
LIZHI INC. Reports Third Quarter 2023 Unaudited
Financial Results
GUANGZHOU, China, Nov. 29, 2023 /GLOBE NEWSWIRE/
- 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 Department
Tel: +86 (20) 8381-8791
E-mail: ir@lizhi.fm
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: Lizhi@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-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)
| | |
December
31, 2022 | | |
September
30, 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)
| |
|
December
31, |
|
|
September
30, |
|
|
September
30, |
|
| | |
2022 | | |
2023 | | |
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 827,140,610 shares outstanding as of September 30, 2023). | |
543 | | |
557 | | |
76 | |
| Class B Ordinary shares (US$0.0001 par value, 231,215,000 shares authorized, issued and outstanding as of December 31, 2022 and September 30, 2023, respectively). | |
168 | | |
168 | | |
23 | |
| Treasury stock | |
(10 | ) | |
(8 | ) | |
(1 | ) |
| Additional paid in capital | |
2,657,433 | | |
2,683,447 | | |
367,797 | |
| Statutory reserves | |
529 | | |
529 | | |
73 | |
| Accumulated deficit | |
(2,280,543 | ) | |
(2,277,859 | ) | |
(312,207 | ) |
| Accumulated other comprehensive income | |
14,557 | | |
20,612 | | |
2,826 | |
| TOTAL LIZHI Inc.’s shareholders’ equity | |
392,677 | | |
427,446 | | |
58,587 | |
| | |
| | |
| | |
| |
| Non-controlling interests | |
(13 | ) | |
(6,465 | ) | |
(886 | ) |
| | |
| | |
| | |
| |
| TOTAL SHAREHOLDERS’ EQUITY | |
392,664 | | |
420,981 | | |
57,701 | |
| | |
| | |
| | |
| |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | |
776,337 | | |
701,033 | | |
96,086 | |
LIZHI INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(All amounts in thousands, except for share, ADS,
per share data and per ADS data)
| | |
Three
Months Ended | | |
Nine
Months Ended | |
| |
|
September
30, |
|
|
June
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
| | |
2022
| | |
2023
| | |
2023 | | |
2023
| | |
2022 | | |
2023 | | |
2023 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | | |
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 | |
| |
|
September
30, |
|
|
June
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
|
September
30, |
|
| | |
2022 | | |
2023 | | |
2023 | | |
2023 | | |
2022 | | |
2023 | | |
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 | |
| | |
September
30, 2022 | | |
June
30, 2023 | | |
September
30, 2023 | | |
September
30, 2023 | | |
September
30, 2022 | | |
September
30, 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 | |
| | |
September
30, 2022 | | |
June
30, 2023 | | |
September
30, 2023 | | |
September
30, 2023 | | |
September
30, 2022 | | |
September
30, 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 | |
| 19,823 | | |
| 13,207 | | |
| (59,885 | ) | |
| (8,209 | ) | |
| 55,097 | | |
| (10,523 | ) | |
| 366 | |
| Share-based
compensation expenses | |
| 7,699 | | |
| 5,781 | | |
| 5,092 | | |
| 698 | | |
| 23,577 | | |
| 15,249 | | |
| 2,883 | |
| Non-GAAP
net income/(loss) attributable to LIZHI INC.’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
