BlueCity Holdings Ltd - ADR

NASDAQ:BLCT   3:59:43 PM EDT
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Other Pre-Announcement

BlueCity Says Q3 Revenue Rose 47.3 Percent To Rmb 297.6 Mln

Published: 12/02/2020 10:07 GMT
BlueCity Holdings Ltd - ADR (BLCT) - Bluecity Announces Third Quarter 2020 Unaudited Financial Results.
Q3 Revenue Rose 47.3 Percent to Rmb 297.6 Million.
Sees Q4 2020 Revenue Rmb 277 Million to Rmb 297 Million.
Sees Q4 2020 Revenue Up 24 to 33 Percent.
Monthly Active Users ("maus") on Blued Mobile App Reached 6.3 Million in Q3, an Increase of 7.0% From Same Period in 2019.
Qtrly Total Paying Users on Blued Mobile App Reached 494 Thousand, an Increase of 43.8% Compared With 344 Thousand in Q3 of 2019.
Q3 2020 Net Loss Was Rmb137.8 Million (us$20.3 Million), Compared With Net Loss of Rmb7.1 Million in Q3 of 2019.
Qtrly Adjusted Net Income Was Rmb7.1 Million (us$1.0 Million) Compared With Adjusted Net Loss of Rmb6.5 Million in Q3 of 2019.