Fourth Quarter 2021 Financial Highlights:
- Total revenues were US$71.1 million, representing an increase of 18.6% from the previous quarter.
- Cloud computing and other internet value-added services (“Cloud computing and other IVAS”) revenues were US$44.7 million, representing an increase of 26.9% from the previous quarter.
- Subscription revenues were US$23.7 million, representing an increase of 4.3% from the previous quarter.
- Online advertising revenues, consisting primarily of revenues from mobile advertising, were US$2.8 million, representing an increase of 33.1% from the previous quarter.
- Gross profit was US$33.3 million, representing an increase of 13.3% from the previous quarter, and gross profit margin was 46.7% in the fourth quarter, compared with 48.9% in the previous quarter.
- Net loss was US$0.5 million in the fourth quarter, compared with a net loss of US$5.1 million in the previous quarter.
- Diluted loss per ADS was approximately US$0.01 as compared with a loss of US$0.08 in the previous quarter.
Fiscal Year Ended December 31, 2021 Financial Highlights:
- Total revenues were US$239.6 million, representing an increase of 28.3% from 2020.
- Cloud computing and other IVAS revenues were US$136.2 million, representing an increase of 52.7% from 2020.
- Subscription revenues were US$91.2 million, representing an increase of 8.2% from 2020.
- Online advertising revenues were US$12.3 million, representing a decrease of 7.1% from 2020.
- Gross profit was US$120.2 million, representing an increase of 28.2% from 2020, and gross profit margin was 50.2%, same as the one in the previous year.
- Net income was US$1.1 million for fiscal year 2021, compared with a net loss of US$14.1 million for 2020.
- Diluted earnings per ADS in 2021 was US$0.02, compared with a loss of US$0.21 in the previous year.
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