DUBAI, UAE, Nov. 8, 2020 /PRNewswire/ -- Yalla Group Limited
("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric
social networking and entertainment platform in the Middle East and North Africa (MENA), today announced its
unaudited financial results for the three months ended September 30, 2020.
Third Quarter Ended September
30, 2020 Financial and Operating Highlights
- Our revenues were US$33.8
million in the third quarter of 2020, representing an
increase of 90.4% from the third quarter of 2019.
- Revenues generated from chatting services in the third quarter of
2020 were US$30.3 million.
- Revenues generated from games services in the third quarter of
2020 were US$3.5 million.
- Net loss was US$31.0
million in the third quarter, and our net loss margin was
91.6%.
- Non-GAAP Net income[1] was US$15.5 million in the third quarter of 2020, representing an increase of 68.3%
from the third quarter of 2019. Our non-GAAP net margin was 45.8%
in the third quarter of 2020.
- Average MAUs[2] increased by 358.9% to 14.3
million in the third quarter from 3.1 million in the same period
2019.
- The number of paying users[3] on our platform
increased by 894.9% to 5.1 million in the third quarter of 2020
from 0.5 million in the same period of 2019.
[1]
Non-GAAP net income represents net income (loss) before share-based
compensation. Non-GAAP net income is a non-GAAP financial
measure. See the sections entitled "Non-GAAP Financial
Measures" and "Reconciliations of Non-GAAP Measures to the Nearest
Comparable GAAP Measures" for more information about the non-GAAP
measures referred to in this results announcement.
|
[2] "Average MAUs" refers to the
average monthly active users in a given period calculated by
dividing (i) the sum of active users for each month of such period,
by (ii) the number of months in such period. "Active users" refers
to registered users who accessed any of our mobile applications at
least once during a given period.
|
[3]
"Paying users" refers to registered users who purchased our virtual
items or upgrade services using virtual currencies on our platform
at least once in a given period, except for users who receive all
of their virtual currencies directly or indirectly from us for
free. "Registered users" refers to users who have registered
accounts on our platform as of a given time; a registered user is
not necessarily a unique user, however, as an individual may
register multiple accounts on our platform, and consequently, the
number of registered users we present in this prospectus may not
equal the number of unique users who have registered on our
platform as of a given time.
|
Key Operating
Data
|
For the three
months ended
|
|
September 30,
2019
|
|
September 30,
2020
|
|
|
|
|
Average MAUs
(in thousands)
|
3,109
|
|
14,267
|
Yalla (in
thousands)
|
2,716
|
|
5,500
|
Yalla Ludo (in
thousands)
|
393
|
|
8,767
|
|
|
|
|
Paying users
(in thousands)
|
510
|
|
5,074
|
Yalla (in
thousands)
|
493
|
|
1,035
|
Yalla Ludo (in
thousands)
|
17
|
|
4,039
|
|
|
|
|
"In the third quarter of 2020, we delivered robust group
performance, further strengthening our position as the pioneering
voice-centric mobile social networking and entertainment platform
in MENA," said Mr.Yang Tao, Founder,
Chairman and Chief Executive Officer of Yalla. "Our revenue and
non-GAAP net income increased, 90.4% and 68.3% year-over-year
respectively, which was driven by strong growth of Yalla and Yalla
Ludo and the proliferation of our highly engaged and interactive
community."
"In the third quarter, Yalla Ludo's average MAUs and paying
users increased significantly by over 20 and 200 times
year-over-year, respectively. The rapidly growing popularity of
Yalla Ludo, which was selected by numerous app stores to be
displayed on their respective home pages, is a testament to its
superior social features, which are grounded in the cultural norms
of the region and enable users to enjoy real-time voice
interactions while playing board games. For Yalla, our flagship
mobile application, we maintained a sharp focus on building a
tight-knit and high-quality user community. In the third quarter,
Yalla's average MAUs and paying users both more than doubled
year-over-year. Moving forward, we will remain dedicated to
strengthening our vibrant voice-centric online community and
localizing our product offerings to further optimize the user
experience," concluded Mr.Yang.
"We are very pleased to report our operating and financial
performance for the first time as a public company, where our
strong monetization capabilities led to healthy top and bottom line
performance in the third quarter," said Ms. Karen Hu, Chief Financial Officer of Yalla.
"Revenues reached US$33.8 million in
the third quarter, while our non-GAAP net income was US$15.5 million. We were also able to maintain a
high non-GAAP net margin of 45.8%. We are confident in our
positioning and ability to capture further significant growth in
MENA's underserved online social networking and entertainment
market."
Third Quarter 2020 Financial Results
Revenues
Our revenues were US$33.8 million
in the third quarter of 2020, a 90.4% increase from US$17.8 million in the same period last year. The
increase was primarily driven by the widening of Yalla's and Yalla
Ludo's user base and the robust enhancement in Yalla Ludo's
monetization capability. Our average MAUs increased by 358.9% from
3.1 million in the third quarter of 2019 to 14.3 million in the
third quarter of 2020. Another primary contributor to our solid
revenues growth was the significant growth in the number of paying
users, which increased from 510 thousand in the third quarter of
2019 to 5,074 thousand in the third quarter of 2020.
Our revenues generated from chatting services were US$30.3 million in the third quarter of 2020, and
our revenues generated from the games services were US$3.5 million in the third quarter of 2020.
Costs and expenses
Our total costs and expenses were US$64.7
million in the third quarter of 2020, compared with
US$8.6 million in the same period
last year. The increase was primarily due to the recognition of
share-based compensation of US$46.5
million upon our listing on the New York Stock Exchange on
September 30, 2020. We granted
substantial amount of share options before the IPO but did not
recognize any share-based compensation in prior periods because
exercisability of the options granted was conditional upon the
completion of our IPO. Upon our listing on the NYSE, we immediately
recognized a substantial amount of share-based compensation
expenses associated with all outstanding options that were vested
as of September 30, 2020.
Our cost of revenues was US$25.6
million in the third quarter of 2020, compared with
US$5.4 million in the same period
last year. The increase was mainly driven by (i) share-based
compensation expenses of US$14.1
million recognized on September 30,
2020, and (ii) other components of cost of revenues of
US$11.5 million for the third quarter
of 2020, a 112.6% increase from US$5.4
million for the same quarter last year, which was in line
with our revenue growth and primarily due to our expanding business
scale. Other components of cost of revenues as a percentage of our
total revenues increased from 30.6% in the third quarter of 2019 to
34.1% in the same period in 2020, primarily due to an increase in
commission rate for third-party payment platforms.
Our selling and marketing expenses were US$8.5 million in the third quarter of 2020,
compared with US$1.7 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$4.5
million recognized on September 30,
2020, and (ii) other components of selling and marketing
expenses of US$4.0 million for the
third quarter of 2020, a 131.4% increase from US$1.7 million for the same quarter last year,
which was primarily due to higher advertising and market promotion
expenses as a result of our continued user acquisition efforts.
Other components of selling and marketing expenses as a percentage
of our total revenues increased from 9.9% in the third quarter of
2019 to 12.0% in the same period in 2020, primarily due to higher
spending in marketing activities related to Yalla Ludo, which
experienced substantial growth in year 2020.
Our general and administrative expenses were US$28.9 million in the third quarter of 2020,
compared with US$1.0 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$27.1
million recognized on September 30,
2020, and (ii) other components of general and
administrative expenses of US$1.8
million for the third quarter of 2020, a 78.4% increase from
US$1.0 million for the same quarter
last year, which was primarily due to (i) an increase in salaries
and other benefits for our general and administrative staff, which
was in turn driven by an expansion of our general and
administrative staff, and (ii) an increase in professional service
fees. Other components of general and administrative expenses as a
percentage of our total revenues remained stable at 5.3% in the
third quarter of 2020.
Our technology and product development expenses were
US$1.7 million in the third quarter
of 2020, compared with US$0.4 million
in the same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$0.8
million recognized on September 30,
2020, and (ii) other components of technology and product
development expenses of US$0.9
million for the third quarter of 2020, a 105.6% increase
from US$0.4 million for the same
quarter last year, which was primarily due to an increase in
salaries and benefits for our technology and product development
staff. Other components of technology and product development
expenses as a percentage of our total revenues slightly increased
from 2.4% in the third quarter of 2019 to 2.6% in the same period
of 2020.
Operating loss
Operating loss was US$30.9 million
in the third quarter of 2020, compared with an operating income of
US$9.1 million in the third quarter
of 2019.
Non-GAAP Operating income
Non-GAAP operating income (which exclude share-based
compensation expenses) for the third quarter of 2020 was
US$15.6 million, a 70.0% increase
from US$9.1 million for the same
quarter last year.
Income tax expense
Our income tax expense was US$0.11
million in the third quarter of 2020, compared with
US$0.12 million in the third quarter
of 2019.
Net loss
As a result of the foregoing, our net loss was US$31.0 million in the third quarter of 2020,
compared with net income of US$9.2
million in the third quarter of 2019.
Non-GAAP Net income
Non-GAAP net income (which exclude share-based compensation
expenses) for the third quarter of 2020 was US$15.5 million, a 68.3% increase from
US$9.2 million for the same quarter
last year.
Net Loss and Income Per Share
Basic and diluted net loss per ordinary share were US$0.43 for the third quarter of 2020, while
basic and diluted net income per ordinary share was US$0.07 in the same period of 2019. Non-GAAP
basic and diluted net income per ordinary share (which exclude
share-based compensation expenses) were US$0.20, compared
to US$0.07 in the same period of 2019.
Cash and cash equivalents
As of September 30, 2020, we had
cash and cash equivalents of US$75.7
million, as compared to cash and cash equivalents of
US$58.5 million as of June 30, 2020.
Outlook
For the fourth quarter of 2020, the management of the Company
currently expects revenues to be between US$35.0 million and US$36.0 million, which would represent an
increase of approximately 81.6% to 86.8% from US$19.3 million for the fourth quarter of
2019.
The above outlook is based on the current market conditions and
reflects the Company management's current and preliminary estimates
of market and operating conditions and customer demand, which are
all subject to change.
Conference Call
The Company's management will host an earnings conference call
on Monday, November 9, 2020 at
8:00 P.M. U.S. Eastern Time or
9:00 A.M. Beijing/Hong
Kong time on Tuesday, November 10,
2020.
Dial-in details for the earnings conference call are as
follows:
United States Toll
Free:
|
+1-888-317-6003
|
International:
|
+1-412-317-6061
|
Mainland China Toll
Free:
|
400-120-6115
|
Hong Kong Toll
Free:
|
800-963-976
|
Access
Code:
|
0133791
|
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.yallatech.ae/.
A replay of the conference call will be accessible until
November 16, 2020, by dialing the
following telephone numbers:
United States Toll
Free:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Access
Code:
|
10149659
|
Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with
generally accepted accounting principles in the United States, or GAAP, this press release
presents non-GAAP financial measures, such as non-GAAP operating
income, non-GAAP net income and non-GAAP basic and diluted net
income per ordinary share, as supplemental measures to review and
assess the Company's operating performance. The presentation of the
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 U.S. GAAP. We define non-GAAP
operating income as operating income excluding share-based
compensation. We define non-GAAP net income as net income (loss)
excluding share-based compensation. We define non-GAAP net income
attributable to ordinary shareholders as net income (loss)
attributable to ordinary shareholders excluding share-based
compensation. We define non-GAAP net income (loss) per ordinary
share as non-GAAP net income (loss) attributable to ordinary
shareholders of Yalla Group Limited, using the two-class method,
divided by weighted average number of basic and diluted share
outstanding. We define non-GAAP basic and diluted net income (loss)
per ADS as non-GAAP basic and diluted net income (loss) per
ordinary share as one ADS represent one ordinary share.
By excluding the impact of share-based compensation expenses,
the Company believes that the non-GAAP financial measures help
identify underlying trends in its business and enhance the overall
understanding of the Company's past performance and future
prospects. The Company also believes that the non-GAAP financial
measures allow for greater visibility with respect to key metrics
used by the Company's management in its financial and operational
decision-making.
The non-GAAP financial measure is not defined under U.S. GAAP
and are not presented in accordance with U.S. GAAP. The non-GAAP
financial measure has limitations as analytical tools. One of the
key limitations of using the non-GAAP financial measures is that
they do not reflect all items of income and expense that affect the
Company's operations. Share-based compensation has been and may
continue to be incurred in the Company's business and is not
reflected in the presentation of non-GAAP financial measures.
Further, the non-GAAP financial measure may differ from the
non-GAAP information used by other companies, including peer
companies, and therefore their comparability may be limited.
The Company compensate for these limitations by reconciling the
non-GAAP financial measure to the nearest U.S. GAAP performance
measure, all of which should be considered when evaluating its
performance. The Company encourages investors and others to review
its financial information in its entirety and not rely on a single
financial measure.
Reconciliation of each of these non-GAAP financial measures to
the most directly comparable GAAP financial measure is set forth at
the end of this release.
About Yalla Group Limited
Yalla Group Limited is the leading voice-centric social
networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company's flagship
mobile application, Yalla, is specifically tailored for the people
and local cultures of the region and primarily features Yalla
rooms, a mirrored online version of the majlis or cafés where
people spend their leisure time in casual chats. Voice chats are
more suitable to the cultural norms in MENA compared to video
chats. The Company strives to maintain users' equal status on its
platform, thereby encouraging all of them to freely communicate and
interact with each other. The Company also operates Yalla Ludo, a
mobile application featuring online versions of board games that
are highly popular in MENA, such as Ludo and Domino. In-game
real-time chats and Ludo chat room functions are popular social
networking features among users. Through close attention to detail
and localized appeal that deeply resonates with users, Yalla's
mobile applications deliver a seamless user experience that fosters
a loyal sense of belonging, creating a highly devoted and engaged
user community.
For more information, please visit: http://ir.yallatech.ae/
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward- looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to,"
and similar statements. Statements that are not historical facts,
including statements about Yalla Group Limited's beliefs, plans,
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in Yalla
Group Limited's filings with the SEC. All information provided in
this press release is as of the date of this press release, and
Yalla Group Limited does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
Yalla Group Limited
Investor Relations
Yuwei Gao - IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com
YALLA GROUP
LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
|
|
|
|
|
As
of
|
|
|
December 31,
2019
|
|
September 30,
2020
|
|
|
US$
|
|
US$
|
ASSETS
|
|
|
|
|
Current
assets
|
|
|
|
|
Cash and cash
equivalents
|
|
45,302,622
|
|
75,673,702
|
Term
deposits
|
|
2,722,941
|
|
-
|
Short-term
investments
|
|
1,506,985
|
|
293,681
|
Proceeds from Initial
Public Offering
|
|
-
|
|
130,235,000
|
Prepayments and other
current assets
|
|
3,930,306
|
|
17,138,560
|
Total current
assets
|
|
53,462,854
|
|
223,340,943
|
Non‑current assets
|
|
|
|
|
Property and
equipment, net
|
|
453,923
|
|
907,940
|
Other
assets
|
|
200,000
|
|
-
|
Total
assets
|
|
54,116,777
|
|
224,248,883
|
LIABILITIES
|
|
|
|
|
Current
liabilities
|
|
|
|
|
Accounts
payable
|
|
724,487
|
|
1,524,962
|
Deferred
revenue
|
|
6,010,874
|
|
10,917,719
|
Accrued expenses and
other current liabilities
|
|
1,576,530
|
|
6,595,445
|
Total current
liabilities
|
|
8,311,891
|
|
19,038,126
|
Total
liabilities
|
|
8,311,891
|
|
19,038,126
|
YALLA GROUP
LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(CONTINUED)
|
|
|
|
|
As
of
|
|
|
December 31,
2019
|
|
September 30,
2020
|
|
|
US$
|
|
US$
|
|
|
|
|
|
MEZZANINE
EQUITY
|
|
|
|
|
Series Angel
Redeemable Convertible Preferred Shares
|
|
263,608
|
|
-
|
Series Pre-A
Redeemable Convertible Preferred Shares
|
|
3,570,201
|
|
-
|
Series A Redeemable
Convertible Preferred Shares
|
|
22,068,901
|
|
-
|
Total mezzanine
equity
|
|
25,902,710
|
|
-
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
Ordinary
Shares
|
|
7,339
|
|
-
|
Subscriptions
receivable
|
|
(7,339)
|
|
-
|
Class A Ordinary
shares
|
|
-
|
|
11,850
|
Class B Ordinary
shares
|
|
-
|
|
2,473
|
Additional paid-in
capital
|
|
-
|
|
201,507,357
|
Accumulated other
comprehensive income
|
|
5,218
|
|
164,834
|
Retained
earnings
|
|
19,896,958
|
|
3,524,243
|
Total
shareholders' equity
|
|
19,902,176
|
|
205,210,757
|
Total liabilities,
mezzanine equity and shareholders' equity
|
|
54,116,777
|
|
224,248,883
|
YALLA GROUP
LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
June,
30
|
|
September
30,
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2020
|
|
2020
|
|
2019
|
|
2020
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
Revenues
|
|
17,763,112
|
|
31,683,103
|
|
33,826,313
|
|
44,193,200
|
|
86,583,940
|
Costs and
expenses
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
(5,432,993)
|
|
(10,421,682)
|
|
(25,608,476)
|
|
(14,710,672)
|
|
(42,841,820)
|
Selling and marketing
expenses
|
|
(1,749,879)
|
|
(2,723,798)
|
|
(8,533,096)
|
|
(5,169,682)
|
|
(14,080,556)
|
General and
administrative expenses
|
|
(998,253)
|
|
(1,392,368)
|
|
(28,891,880)
|
|
(2,561,041)
|
|
(31,625,723)
|
Technology and
product development
|
|
|
|
|
|
|
|
|
|
|
expenses
|
|
(435,179)
|
|
(1,037,108)
|
|
(1,698,495)
|
|
(1,157,255)
|
|
(3,586,659)
|
Total costs and
expenses
|
|
(8,616,304)
|
|
(15,574,956)
|
|
(64,731,947)
|
|
(23,598,650)
|
|
(92,134,758)
|
Operating income
(loss)
|
|
9,146,808
|
|
16,108,147
|
|
(30,905,634)
|
|
20,594,550
|
|
(5,550,818)
|
Interest
income
|
|
154,551
|
|
76,955
|
|
22,199
|
|
324,807
|
|
189,131
|
Government
grant
|
|
-
|
|
-
|
|
8,325
|
|
-
|
|
93,650
|
Investment
income
|
|
12,621
|
|
4,661
|
|
3,946
|
|
18,785
|
|
12,047
|
Income (loss)
before income taxes
|
|
9,313,980
|
|
16,189,763
|
|
(30,871,164)
|
|
20,938,142
|
|
(5,255,990)
|
Income tax
expense
|
|
(119,603)
|
|
(234,729)
|
|
(109,112)
|
|
(302,627)
|
|
(529,654)
|
Net income
(loss)
|
|
9,194,377
|
|
15,955,034
|
|
(30,980,276)
|
|
20,635,515
|
|
(5,785,644)
|
Accretion of
redeemable
|
|
|
|
|
|
|
|
|
|
|
convertible preferred shares
|
|
(494,345)
|
|
(523,602)
|
|
(541,568)
|
|
(1,434,440)
|
|
(1,577,026)
|
Dividends distributed
to
|
|
|
|
|
|
|
|
|
|
|
redeemable convertible
|
|
|
|
|
|
|
|
|
|
|
preferred shareholders
|
|
-
|
|
(3,704,083)
|
|
-
|
|
-
|
|
(3,704,083)
|
Net income (loss)
attributable to
|
|
|
|
|
|
|
|
|
|
|
ordinary
shareholders
|
|
8,700,032
|
|
11,727,349
|
|
(31,521,844)
|
|
19,201,075
|
|
(11,066,753)
|
YALLA GROUP
LIMITED
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(CONTINUED)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
June,
30
|
|
September
30,
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2020
|
|
2020
|
|
2019
|
|
2020
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
Net income (loss)
per ordinary share
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
0.07
|
|
0.12
|
|
(0.43)
|
|
0.15
|
|
(0.10)
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
per ADS*
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
0.07
|
|
0.12
|
|
(0.43)
|
|
0.15
|
|
(0.10)
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
|
|
outstanding used
in computing
|
|
|
|
|
|
|
|
|
|
|
earnings per
ordinary share
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
73,393,941
|
|
73,393,941
|
|
74,153,030
|
|
73,393,941
|
|
73,648,818
|
|
|
|
|
|
|
|
|
|
|
|
* Each ADS represents
one Class A ordinary share.
|
Share-based
compensation was allocated in cost of revenues, selling and
marketing expenses, general and administrative
expenses and
|
technology and
product development expenses as follows:
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
June,
30
|
|
September
30,
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2020
|
|
2020
|
|
2019
|
|
2020
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
-
|
|
-
|
|
14,058,822
|
|
-
|
|
14,058,822
|
Selling and marketing
expenses
|
|
-
|
|
-
|
|
4,484,516
|
|
-
|
|
4,484,516
|
General and
administrative expenses
|
|
-
|
|
-
|
|
27,111,157
|
|
-
|
|
27,111,157
|
Technology and
product development
|
|
|
|
|
|
|
|
|
|
|
expenses
|
|
-
|
|
-
|
|
803,977
|
|
-
|
|
803,977
|
YALLA GROUP
LIMITED
|
RECONCILIATIONS OF
NON-GAAP MEASURES
|
TO THE NEAREST
COMPARABLE GAAP MEASURES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
September
30,
|
|
June,
30
|
|
September
30,
|
|
September
30,
|
|
September
30,
|
|
|
2019
|
|
2020
|
|
2020
|
|
2019
|
|
2020
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
(loss)
|
|
9,146,808
|
|
16,108,147
|
|
(30,905,634)
|
|
20,594,550
|
|
(5,550,818)
|
Share-based
compensation expenses
|
|
-
|
|
-
|
|
46,458,472
|
|
-
|
|
46,458,472
|
Non-GAAP operating
income
|
|
9,146,808
|
|
16,108,147
|
|
15,552,838
|
|
20,594,550
|
|
40,907,654
|
|
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
9,194,377
|
|
15,955,034
|
|
(30,980,276)
|
|
20,635,515
|
|
(5,785,644)
|
Share-based
compensation expenses
|
|
-
|
|
-
|
|
46,458,472
|
|
-
|
|
46,458,472
|
Non-GAAP Net
income
|
|
9,194,377
|
|
15,955,034
|
|
15,478,196
|
|
20,635,515
|
|
40,672,828
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable
|
|
|
|
|
|
|
|
|
|
|
to ordinary
shareholders
|
|
8,700,032
|
|
11,727,349
|
|
(31,521,844)
|
|
19,201,075
|
|
(11,066,753)
|
Share-based
compensation expenses
|
|
-
|
|
-
|
|
46,458,472
|
|
-
|
|
46,458,472
|
Non-GAAP Net
income attributable
|
|
|
|
|
|
|
|
|
|
|
to ordinary
shareholders
|
|
8,700,032
|
|
11,727,349
|
|
14,936,628
|
|
19,201,075
|
|
35,391,719
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Net
income per ordinary
|
|
|
|
|
|
|
|
|
|
|
share
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
0.07
|
|
0.12
|
|
0.20
|
|
0.15
|
|
0.53
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Net
income per ADS
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
0.07
|
|
0.12
|
|
0.20
|
|
0.15
|
|
0.53
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of shares
|
|
|
|
|
|
|
|
|
|
|
outstanding used
in computing
|
|
|
|
|
|
|
|
|
|
|
earnings per
ordinary share
|
|
|
|
|
|
|
|
|
|
|
——Basic and
diluted
|
|
73,393,941
|
|
73,393,941
|
|
74,153,030
|
|
73,393,941
|
|
73,648,818
|
View original
content:http://www.prnewswire.com/news-releases/yalla-group-limited-announces-unaudited-third-quarter-2020-financial-results-301168646.html
SOURCE Yalla Group Limited