ATA Inc. (“ATA” or the “Company”, Nasdaq: ATAI), a
company focused on providing students with quality educational
experiences and services in China and abroad, today announced
preliminary unaudited financial results for the three months ended
June 30, 2019.
2019 Second Quarter and Subsequent Operating Highlights
and Certain Events
- On August 6, 2019, the Company announced that it has closed the
acquisition of 87.46% equity interest in Beijing Huanqiuyimeng
Education Consultation Corp. (“ACG”), a leading provider of
educational services for students in China interested in applying
for overseas art study. The Company is working on closing the
remaining 12.54% equity interest in ACG with the remaining minority
shareholders, which is expected to be completed before the end of
the third quarter of 2019. Details for such acquisition of ACG can
be found in the Form 6-K filed by ATA on August 6, 2019.
- On August 6, 2019, the Company announced that it has appointed
Mr. Jun Zhang, the founder and leader of ACG, as the Company’s
President and a member of the Company’s Board of Directors,
replacing Mr. Jack Huang who has resigned to pursue other
opportunities.
- RMB131.6 million (US$19.2 million) in cash and cash equivalents
as of June 30, 2019
Management Commentary
Mr. Kevin Ma, Chairman and CEO, stated, “We are pleased to
have closed the acquisition of 87.46% equity interest in ACG last
week. Our team at ATA has already begun working closely with Jun
and ACG management on immediate steps to execute several growth
initiatives, which include geographic expansion, new product
offerings, and new partnerships. Completing this acquisition is the
first step forward in executing ATA’s growth strategy. We are
confident our expertise in learning technologies and education
assessment will enable us to accelerate the growth of
well-established education enterprises like ACG, providing the
opportunity to expand our presence throughout China and beyond. We
are also delighted to welcome Jun to ATA’s leadership team and
believe his unique qualifications will prove valuable as we look to
increase ACG’s growth trajectory. We continue exploring M&A
opportunities within the education sector and look forward to
providing the investment community with updates in the months
ahead.”
2019 Second Quarter Financial Highlights
Note: Certain Adjustments to the Company’s Financial
StatementsCertain line items in the condensed consolidated
statements of comprehensive income (loss) for the three months and
six months ended June 30, 2018, in this press release have been
revised as a result of adjustments made in ATA’s annual report for
the fiscal year ended December 31, 2018. These revisions were
mainly made pursuant to the accounting treatment of discontinued
operations, under which ATA accounted for the sale of business
of ATA Online (Beijing) Education Technology Co., Ltd, or ATA
Online, a former subsidiary of ATA. The income from discontinued
operations, net of income taxes, recorded in the three months ended
June 30, 2019, was to account for the contingencies that arose
pursuant to terms in the sale of business of ATA Online.
ATA’s total net revenues for the three months ended June 30, 2019,
were RMB1.4 million (US$0.2 million), compared to nil in the
prior-year period. This increase was primarily due to the
development of K-12 education quality monitoring services provided
in Shanxi province.
Net loss from continuing operations attributable to ATA
Inc. for the three months ended June 30, 2019, was RMB18.2 million
(US$2.6 million), compared to RMB16.4 million in the prior-year
period, primarily due to an approximate RMB1.1 million decrease in
net rental income and an RMB0.5 million increase in legal and
consulting fees related to the acquisition activities of new
business.
Balance Sheet Highlights
As of June 30, 2019, ATA’s cash and cash equivalents were
RMB131.6 million (US$19.2 million), working capital was RMB161.0
million (US$23.4 million), and total shareholders’ equity was
RMB249.1 million (US$36.3 million); compared to RMB190.6 million,
RMB193.6 million, and RMB276.2 million, respectively, as of
December 31, 2018.
Conference Call and Webcast Information (With
Accompanying Presentation)
ATA will host a conference call at 9 p.m. Eastern Time
on Wednesday, August 14, 2019, during which management will discuss
the results of the quarter ended June 30, 2019. Investors are
welcome to send any questions in advance of the conference call
either through the webcast portal or via email to the Company’s
contacts listed below.
To participate in the conference call, please use the following
dial-in numbers about 10 minutes prior to the scheduled conference
call time:
U.S. & Canada (Toll-Free): |
|
+1
(888) 339-2688 |
International (Toll): |
|
+1 (617) 847-3007 |
|
|
Toll-Free |
|
Local Access |
China: |
|
(800) 990 1344 |
|
(400) 881 1630 |
Hong Kong: |
|
|
|
3002 1672 |
|
|
|
|
|
Participant Passcode: |
|
18089602 |
|
|
A live webcast of the conference call can be accessed at the
investor relations section of ATA’s website
at www.atai.net.cn or by clicking the following
link: https://www.webcaster4.com/Webcast/Page/274/31330.
An accompanying slide presentation in PDF format will also be
made available 30 minutes prior to the conference call on the same
investor relations section of ATA’s website. To listen to the
webcast, please visit ATA’s website a few minutes prior to the
start of the call to register, download, and install any necessary
audio software.
A replay will be available shortly after the call on the
investor relations section of ATA’s website and will remain
available for 90 days.
About ATA Inc.
ATA is focused on providing quality educational experiences and
services for students throughout China and abroad. ATA aims to
offer online, on-campus, and other education programs through a
network of global education partners. For more information, please
visit ATA’s website at www.atai.net.cn.
Cautionary Note Regarding Forward-looking
Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and as defined in the Private Securities
Litigation Reform Act of 1995.
These forward-looking statements can be identified by terms such
as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“forecast,” “future,” “intend,” “look forward to,” “outlook,”
“plan,” “should,” “will,” and similar terms and include, among
other things, statements regarding ATA’s future growth and
results of operations; ATA’s plans for mergers and acquisitions
generally; ATA’s plan and anticipated benefits to develop
international education services and carry out new business; ATA’s
acquisition of ACG and the intended benefits; the ability of ATA
and ACG to cooperate and integrate effectively; and ATA’s growth
strategy and subsequent business activities.
The factors that could cause the Company’s actual financial and
operating results to differ from what the Company currently
anticipates may include its ability to leverage its existing
competency-focused assessment and education service capabilities,
its ability to integrate the acquired business, its ability to
identify and execute on M&A opportunities within the education
sector, the economy of China, uncertainties with respect to China’s
legal and regulatory environments, and other factors stated in the
Company’s filings with the U.S. Securities and Exchange Commission
(“SEC”).
The financial information contained in this release should be
read in conjunction with the consolidated financial statements and
related notes included in the Company’s annual report on
Form 20-F for its fiscal year ended December 31, 2018,
and other filings that ATA has made with the SEC. The filings are
available on the SEC’s website at www.sec.gov and at
ATA’s website at www.atai.net.cn. For additional information
on the risk factors that could adversely affect the Company’s
business, financial conditions, results of operations, and
prospects, please see the “Risk Factors” section of the Company’s
Form 20-F for the fiscal year ended December 31,
2018.
The forward-looking statements in this release involve known and
unknown risks and uncertainties and are based on current
expectations, assumptions, estimates, and projections about ATA and
the markets in which it operates. The Company undertakes no
obligation to update forward-looking statements, which speak only
as of the date of this release, to reflect subsequent events or
circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that its
expectations and assumptions expressed in these forward-looking
statements are reasonable, the Company cannot assure you that its
expectations and assumptions will turn out to be correct, and
investors are cautioned that actual results may differ materially
from the anticipated results.
Currency Convenience Translation
The Company’s financial information is stated in Renminbi
(“RMB”), the currency of the People’s Republic of China. The
translations of RMB amounts for the quarter ended June 30,
2019, into U.S. dollars are included solely for the convenience of
readers and have been made at the rate of RMB6.8650 to US$1.00, the
noon buying rate as of June 30, 2019, in New York for cable
transfers in RMB per U.S. dollar as set forth in the H.10 weekly
statistical release of the Federal Reserve Board. Such translations
should not be construed as representations that RMB amounts could
be converted into U.S. dollars at that rate or any other rate, or
to be the amounts that would have been reported under U.S.
generally accepted accounting principles (“GAAP”).
About Non-GAAP Financial Measures
To supplement ATA’s consolidated financial information presented
in accordance with U.S. GAAP, ATA uses the following non-GAAP
financial measures: net income (loss) excluding share-based
compensation expense and foreign currency exchange gain or loss,
and basic and diluted earnings (losses) per common share and ADS
excluding share-based compensation expense and foreign currency
exchange gain or loss.
The presentation of these non-GAAP financial measures is not
intended to be considered in isolation or as a substitute for the
financial information prepared and presented in accordance with
GAAP. ATA believes these non-GAAP financial measures provide
meaningful supplemental information about its performance by
excluding share- based compensation expense and foreign currency
exchange gain or loss, which may not be indicative of its operating
performance.
ATA believes that both management and investors benefit from
these non-GAAP financial measures in assessing its performance and
when planning and forecasting future periods. These non-GAAP
financial measures also facilitate management’s internal
comparisons to ATA’s historical performance. ATA computes its
non-GAAP financial measures using a consistent method
from period to period. ATA believes these non-GAAP financial
measures are useful to investors in allowing for greater
transparency with respect to supplemental information used by
management in its financial and operational decision making. A
limitation of using non-GAAP net income (loss) excluding
share-based compensation expense and foreign currency exchange gain
or loss and basic and diluted earnings (losses) per common share
and per ADS excluding share-based compensation expense and foreign
currency exchange gain or loss is that share-based compensation
charges and foreign currency exchange gain or loss have been, and
are expected to continue to be for the foreseeable future, a
significant recurring expense in ATA’s business.
Management compensates for these limitations by providing
specific information regarding the GAAP amounts excluded from each
non-GAAP measure. The table captioned “Reconciliations of Non-GAAP
Measures to the Most Comparable GAAP Measures” shown at the end of
this news release has more details on the reconciliations between
GAAP financial measures that are most directly comparable to the
non-GAAP financial measures used by ATA.
For more information on our company, please contact the
following individuals:
At
the Company |
|
Investor Relations |
ATA Inc. |
|
The Equity Group Inc. |
Amy Tung, CFO |
|
Carolyne Y. Sohn, Vice
President |
+86 10 6518 1133 x 5518 |
|
415-568-2255 |
amytung@atai.net.cn |
|
csohn@equityny.com |
|
|
|
|
|
Adam Prior, Senior Vice
President |
|
|
212-836-9606 |
|
|
aprior@equityny.com |
|
|
|
|
|
Katherine Yao, Senior
Associate |
|
|
+86 10 6587 6435 |
|
|
kyao@equityny.com |
ATA INC. AND
SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED
BALANCE SHEETS
|
|
December 31, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2018 |
|
|
2019 |
|
|
2019 |
|
|
|
RMB |
|
|
RMB |
|
|
USD |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
190,586,342 |
|
|
|
131,630,433 |
|
|
|
19,174,134 |
|
Restricted cash |
|
|
— |
|
|
|
20,000,000 |
|
|
|
2,913,328 |
|
Accounts receivable, net |
|
|
439,783 |
|
|
|
977,747 |
|
|
|
142,425 |
|
Prepaid expenses and other current assets |
|
|
7,836,092 |
|
|
|
12,632,196 |
|
|
|
1,840,088 |
|
Loan receivable |
|
|
14,532,685 |
|
|
|
15,033,179 |
|
|
|
2,189,829 |
|
Total current assets |
|
|
213,394,902 |
|
|
|
180,273,555 |
|
|
|
26,259,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term investments |
|
|
66,390,898 |
|
|
|
72,390,898 |
|
|
|
10,544,923 |
|
Property and equipment, net |
|
|
37,430,741 |
|
|
|
36,137,840 |
|
|
|
5,264,070 |
|
Intangible assets, net |
|
|
17,122,578 |
|
|
|
15,110,787 |
|
|
|
2,201,134 |
|
Other non-current assets |
|
|
799,652 |
|
|
|
6,143,482 |
|
|
|
894,900 |
|
Total assets |
|
|
335,138,771 |
|
|
|
310,056,562 |
|
|
|
45,164,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
SHAREHOLDERS’
EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Accrued expenses and other payables |
|
|
18,111,939 |
|
|
|
18,417,592 |
|
|
|
2,682,824 |
|
Deferred revenues |
|
|
1,633,976 |
|
|
|
873,294 |
|
|
|
127,210 |
|
Total current liabilities |
|
|
19,745,915 |
|
|
|
19,290,886 |
|
|
|
2,810,034 |
|
Other non-current assets |
|
|
— |
|
|
|
978,750 |
|
|
|
142,571 |
|
Total liabilities |
|
|
19,745,915 |
|
|
|
20,269,636 |
|
|
|
2,952,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mezzanine equity-redeemable non-controlling
interests |
|
|
39,208,619 |
|
|
|
40,733,908 |
|
|
|
5,933,563 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders’
equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Common shares |
|
|
3,534,871 |
|
|
|
3,633,817 |
|
|
|
529,325 |
|
Treasury shares |
|
|
(27,737,073 |
) |
|
|
(27,737,073 |
) |
|
|
(4,040,360 |
) |
Additional paid-in capital |
|
|
410,195,990 |
|
|
|
412,941,419 |
|
|
|
60,151,700 |
|
Accumulated other comprehensive loss |
|
|
(38,288,364 |
) |
|
|
(38,158,218 |
) |
|
|
(5,558,371 |
) |
Retained earnings (accumulated deficit) |
|
|
(71,888,585 |
) |
|
|
(100,678,117 |
) |
|
|
(14,665,421 |
) |
Total shareholders’
equity attributable to ATA Inc. |
|
|
275,816,839 |
|
|
|
250,001,828 |
|
|
|
36,416,873 |
|
Non-redeemable non-controlling interests |
|
|
367,398 |
|
|
|
(948,810 |
) |
|
|
(138,210 |
) |
Total shareholders’
equity |
|
|
276,184,237 |
|
|
|
249,053,018 |
|
|
|
36,278,663 |
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities, mezzanine equity and
shareholders’
equity |
|
|
335,138,771 |
|
|
|
310,056,562 |
|
|
|
45,164,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ATA INC. AND
SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|
|
Three-month Period Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2018 |
|
|
2019 |
|
|
2019 |
|
|
|
RMB |
|
|
RMB |
|
|
USD |
|
Net revenues |
|
|
— |
|
|
|
1,366,185 |
|
|
|
199,007 |
|
Cost of revenues |
|
|
1,950,807 |
|
|
|
1,390,916 |
|
|
|
202,610 |
|
Gross profit (loss) |
|
|
(1,950,807 |
) |
|
|
(24,731 |
) |
|
|
(3,603 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
4,451,516 |
|
|
|
3,352,837 |
|
|
|
488,396 |
|
Sales and marketing |
|
|
1,326,433 |
|
|
|
1,343,997 |
|
|
|
195,775 |
|
General and administrative |
|
|
14,082,218 |
|
|
|
15,186,597 |
|
|
|
2,212,177 |
|
Total operating expenses |
|
|
19,860,167 |
|
|
|
19,883,431 |
|
|
|
2,896,348 |
|
Other operating income, net |
|
|
912,790 |
|
|
|
(247,958 |
) |
|
|
(36,119 |
) |
Loss from continuing operations |
|
|
(20,898,184 |
) |
|
|
(20,156,120 |
) |
|
|
(2,936,070 |
) |
Other income
(expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of long-term investment |
|
|
2,750,000 |
|
|
|
— |
|
|
|
— |
|
Interest income, net of interest expenses |
|
|
303,644 |
|
|
|
922,952 |
|
|
|
134,443 |
|
Foreign currency exchange loss, net |
|
|
451,939 |
|
|
|
18,564 |
|
|
|
2,704 |
|
Loss from continuing operations before income
taxes |
|
|
(17,392,601 |
) |
|
|
(19,214,604 |
) |
|
|
(2,798,923 |
) |
Income tax expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Loss from continuing operations, net of income
taxes |
|
|
(17,392,601 |
) |
|
|
(19,214,604 |
) |
|
|
(2,798,923 |
) |
Discontinued
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from discontinued operations, net of income
taxes |
|
|
(82,382,990 |
) |
|
|
4,894,198 |
|
|
|
712,920 |
|
Net loss |
|
|
(99,775,591 |
) |
|
|
(14,320,406 |
) |
|
|
(2,086,003 |
) |
Net loss attributable to redeemable non-controlling interests from
continuing operations |
|
|
(1,013,778 |
) |
|
|
(478,112 |
) |
|
|
(69,645 |
) |
Net loss attributable to non-redeemable non-controlling interests
from continuing operations |
|
|
— |
|
|
|
(573,735 |
) |
|
|
(83,574 |
) |
Net income attributable to non-redeemable non-controlling interests
from discontinued operations |
|
|
(184,915 |
) |
|
|
— |
|
|
|
— |
|
Net loss attributable to ATA Inc. |
|
|
(98,576,898 |
) |
|
|
(13,268,559 |
) |
|
|
(1,932,784 |
) |
Net loss from continuing operations attributable to ATA
Inc. |
|
|
(16,378,823 |
) |
|
|
(18,162,757 |
) |
|
|
(2,645,704 |
) |
Net income (loss) from discontinued operations attributable
to ATA Inc. |
|
|
(82,198,075 |
) |
|
|
4,894,198 |
|
|
|
712,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
loss: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment, net of nil income
taxes |
|
|
(24,927 |
) |
|
|
1,236,400 |
|
|
|
180,102 |
|
Comprehensive loss attributable to ATA Inc. |
|
|
(98,601,825 |
) |
|
|
(12,032,159 |
) |
|
|
(1,752,682 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted losses per
common share attributable to ATA Inc. |
|
|
(2.19 |
) |
|
|
(0.31 |
) |
|
|
(0.05 |
) |
Basic and diluted losses per ADS
attributable to ATA Inc. |
|
|
(4.38 |
) |
|
|
(0.62 |
) |
|
|
(0.10 |
) |
Basic and diluted losses from
continuing operations per common share attributable to ATA
Inc. |
|
|
(0.40 |
) |
|
|
(0.41 |
) |
|
|
(0.06 |
) |
Basic and diluted earnings
(losses) from discontinued operations per common share attributable
to ATA Inc. |
|
|
(1.79 |
) |
|
|
0.10 |
|
|
|
0.01 |
|
Basic and diluted losses from
continuing operations per ADS attributable to ATA Inc. |
|
|
(0.80 |
) |
|
|
(0.82 |
) |
|
|
(0.12 |
) |
Basic and diluted earnings
(losses) from discontinued operations per ADS attributable to ATA
Inc. |
|
|
(3.58 |
) |
|
|
0.20 |
|
|
|
0.02 |
|
ATA INC. AND
SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED
STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|
|
Six-month Period Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2018 |
|
|
2019 |
|
|
2019 |
|
|
|
RMB |
|
|
RMB |
|
|
USD |
|
Net revenues |
|
|
141,423 |
|
|
|
2,982,593 |
|
|
|
434,464 |
|
Cost of revenues |
|
|
2,570,888 |
|
|
|
2,599,014 |
|
|
|
378,589 |
|
Gross profit (loss) |
|
|
(2,429,465 |
) |
|
|
383,579 |
|
|
|
55,875 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Research and development |
|
|
8,560,943 |
|
|
|
6,361,789 |
|
|
|
926,699 |
|
Sales and marketing |
|
|
2,274,581 |
|
|
|
3,179,011 |
|
|
|
463,075 |
|
General and administrative |
|
|
24,645,219 |
|
|
|
26,889,212 |
|
|
|
3,916,856 |
|
Total operating expenses |
|
|
35,480,743 |
|
|
|
36,430,012 |
|
|
|
5,306,630 |
|
Other operating income, net |
|
|
1,852,931 |
|
|
|
456,901 |
|
|
|
66,555 |
|
Loss from continuing operations |
|
|
(36,057,277 |
) |
|
|
(35,589,532 |
) |
|
|
(5,184,200 |
) |
Other income
(expense): |
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of long-term investment |
|
|
2,750,000 |
|
|
|
— |
|
|
|
— |
|
Interest income, net of interest expenses |
|
|
452,681 |
|
|
|
2,100,131 |
|
|
|
305,919 |
|
Foreign currency exchange loss, net |
|
|
418,440 |
|
|
|
14,752 |
|
|
|
2,149 |
|
Loss from continuing operations before income
taxes |
|
|
(32,436,156 |
) |
|
|
(33,474,649 |
) |
|
|
(4,876,132 |
) |
Income tax expense |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Loss from continuing operations, net of income
taxes |
|
|
(32,436,156 |
) |
|
|
(33,474,649 |
) |
|
|
(4,876,132 |
) |
Discontinued
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from discontinued operations, net of income
taxes |
|
|
(105,908,861 |
) |
|
|
4,894,198 |
|
|
|
712,920 |
|
Net loss |
|
|
(138,345,017 |
) |
|
|
(28,580,451 |
) |
|
|
(4,163,212 |
) |
Net loss attributable to redeemable non-controlling interests from
continuing operations |
|
|
(1,476,736 |
) |
|
|
(1,096,839 |
) |
|
|
(159,773 |
) |
Net loss attributable to non-redeemable non-controlling interests
from continuing operations |
|
|
— |
|
|
|
(1,316,208 |
) |
|
|
(191,727 |
) |
Net income attributable to non-redeemable non-controlling interests
from discontinued operations |
|
|
(184,721 |
) |
|
|
— |
|
|
|
— |
|
Net loss attributable to ATA Inc. |
|
|
(136,683,560 |
) |
|
|
(26,167,404 |
) |
|
|
(3,811,712 |
) |
Net loss from continuing operations attributable to ATA
Inc. |
|
|
(30,959,420 |
) |
|
|
(31,061,602 |
) |
|
|
(4,524,632 |
) |
Net income (loss) from discontinued operations attributable
to ATA Inc. |
|
|
(105,724,140 |
) |
|
|
4,894,198 |
|
|
|
712,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
loss: |
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustment, net of nil income
taxes |
|
|
(241,511 |
) |
|
|
130,146 |
|
|
|
18,958 |
|
Comprehensive loss attributable to ATA Inc. |
|
|
(136,925,071 |
) |
|
|
(26,037,258 |
) |
|
|
(3,792,754 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted losses per
common share attributable to ATA Inc. |
|
|
(3.05 |
) |
|
|
(0.62 |
) |
|
|
(0.09 |
) |
Basic and diluted losses per ADS
attributable to ATA Inc. |
|
|
(6.10 |
) |
|
|
(1.24 |
) |
|
|
(0.18 |
) |
Basic and diluted losses from
continuing operations per common share attributable to ATA
Inc. |
|
|
(0.74 |
) |
|
|
(0.72 |
) |
|
|
(0.10 |
) |
Basic and diluted earnings
(losses) from discontinued operations per common share attributable
to ATA Inc. |
|
|
(2.31 |
) |
|
|
0.10 |
|
|
|
0.01 |
|
Basic and diluted losses from
continuing operations per ADS attributable to ATA Inc. |
|
|
(1.48 |
) |
|
|
(1.44 |
) |
|
|
(0.20 |
) |
Basic and diluted earnings
(losses) from discontinued operations per ADS attributable to ATA
Inc. |
|
|
(4.62 |
) |
|
|
0.20 |
|
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RECONCILIATIONS OF NON-GAAP
MEASURESTO THE MOST COMPARABLE GAAP
MEASURES
|
|
Three-month Period Ended |
|
|
Six-month Period Ended |
|
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
June 30, |
|
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
GAAP net loss attributable to ATA
Inc. |
|
(98,576,898 |
) |
|
(13,268,559 |
) |
|
(136,683,560 |
) |
|
(26,167,404 |
) |
Share-based compensation
expenses |
|
2,359,000 |
|
|
911,672 |
|
|
5,303,854 |
|
|
2,902,107 |
|
Foreign currency exchange loss,
net |
|
(4,791,001 |
) |
|
(18,564 |
) |
|
(4,757,502 |
) |
|
(14,752 |
) |
Non-GAAP net loss attributable to
ATA Inc. |
|
(101,008,899 |
) |
|
(12,375,451 |
) |
|
(136,137,208 |
) |
|
(23,280,049 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP losses per common share
attributable to ATA Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
(2.19 |
) |
|
(0.31 |
) |
|
(3.05 |
) |
|
(0.62 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP losses per common share
attributable to ATA Inc. |
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted |
|
(2.24 |
) |
|
(0.29 |
) |
|
(3.04 |
) |
|
(0.55 |
) |
ATAI Life Sciences NV (NASDAQ:ATAI)
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