CooTek (Cayman) Inc. Stock News

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CooTek (Cayman) Inc. (CTK) Q4 2021 Earnings Call Transcript

CooTek (Cayman) Inc (NYSE: CTK ) reported a fourth-quarter FY21 revenue decline of 48% year-on-year to $53 million, beating the consensus of $49.6 million. Mobile advertising revenues decreased 49% Y/Y to $51.8 million. December 2021 Operational Highlights: Monthly active users of the portfolio products declined 27% Y/Y to 62.6 million. MAUs of the online literature products dropped 58% Y/Y to 12.3 million. The average daily reading time of its online literature product … Full story available on Benzinga.com

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CooTek (Cayman) Inc (NYSE: CTK) reported a fourth-quarter FY21 revenue decline of 48% year-on-year to $53 million, beating the consensus of $49.6 million.  Mobile advertising revenues decreased 49

SHANGHAI , 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. Net loss was US$0.3 million , compared with net loss of US$0.4 million last quarter, and net loss of US$18.8 million during the same period last year. Adjusted net income [1] (Non-GAAP) was US$0.5 million , compared with adjusted net income (Non-GAAP) of US$0.4 million last quarter, and adjusted net loss (Non-GAAP) of US$17.3 million during the same period last year. The Company''s Portfolio Products [2] contributed approximately 99% of total revenues, with a focus on three main categories: online literature, mobile games and scenario-based content apps.

SHANGHAI , March 15, 2022 /PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK ) ("CooTek" or the "Company"), a global mobile internet company, today announced that Mr. Karl Kan Zhang , CooTek''s Chairman of the Board of Directors and Chief Technology Officer has informed the Company of his intention to use his personal funds to purchase up to US$3 million of the Company''s American Depositary Shares (the "ADSs") for the next six months, pursuant and subject to applicable laws and the Company''s securities trading policy. Mr. Karl Kan Zhang will make his own independent decision on the share purchase and its terms. The share purchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. Mr. Karl Kan Zhang has agreed to be subject to lock-up restrictions for a period of at least six months with respect to the proposed purchased ADSs.

SHANGHAI, March 7, 2022 /PRNewswire/ -- CooTek (Cayman) Inc. (NYSE: CTK) ("CooTek" or the "Company"), a fast-growing global mobile internet company, today announced that it will report its unaudited

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