BEIJING, Nov. 28, 2017 /PRNewswire/ -- Leju Holdings
Limited ("Leju" or the "Company") (NYSE: LEJU), a leading
online-to-offline ("O2O") real estate services provider in
China, today announced its
unaudited financial results for the third quarter ended
September 30, 2017.
Third Quarter 2017 Financial Highlights
- Total revenues decreased by 48% year-on-year to $95.2 million.
-
- Revenues from e-commerce services decreased by 57% year-on-year
to $61.8 million.
- Revenues from online advertising services decreased by 11%
year-on-year to $30.0 million.
- Revenues from listing services decreased by 42% year-on-year to
$3.4 million.
- Loss from operations was $29.3
million. Non-GAAP1 loss from operations was
$24.9 million.
- Net loss attributable to Leju shareholders was $23.1 million, or $0.17 loss per diluted American depositary share
("ADS"). Non-GAAP net loss attributable to Leju shareholders was
$19.2 million, or $0.14 loss per diluted ADS.
First Nine Months 2017 Financial Highlights
- Total revenues decreased by 44% year-on-year to $256.2 million.
-
- Revenues from e-commerce services decreased by 53% year-on-year
to $163.6 million.
- Revenues from online advertising services decreased by 10%
year-on-year to $80.5 million.
- Revenues from listing services decreased by 28% year-on-year to
$12.0 million.
- Loss from operations was $158.6
million, including goodwill impairment charge of
$41.2 million. Non-GAAP loss from
operations was $104.1
million.
- Net loss attributable to Leju shareholders was $138.6 million, including goodwill impairment
charge of $41.2 million, or
$1.02 loss per diluted American
depositary share ("ADS"). Non-GAAP net loss attributable to Leju
shareholders was $85.7 million, or
$0.63 loss per diluted ADS.
"In the third quarter, market conditions didn't show significant
improvement in major cities where we operate," said Mr.
Geoffrey He, Leju's Chief Executive
Officer. "Despite reduced demand for marketing activities from
developers, we were encouraged to see a sequential increase in our
online advertising revenue as our big-data based suite of targeted
advertising products gained popularity among our developer
clients."
"During this quarter, we continued to invest in product
innovation, content optimization and expanded partnerships to
enhance our media influence. We also improved and integrated our
platforms to provide more streamlined services for our clients.
Meanwhile, in the home furnishing market, we made further progress
on our contractor platform, laying a solid foundation for future
growth. Looking into the fourth quarter, we will continue our
efforts to streamline Leju's cost structure to better adapt to the
unfavorable market conditions, which may persist in the near
term."
1 Leju
uses in this press release the following non-GAAP financial
measures: (1) income (loss) from operations, (2) net income (loss),
(3) net income (loss) attributable to Leju shareholders, (4) net
income (loss) attributable to Leju shareholders per basic ADS, and
(5) net income (loss) attributable to Leju shareholders per diluted
ADS, each of which excludes share-based compensation expense,
amortization of intangible assets resulting from business
acquisitions and goodwill impairment. See "About Non-GAAP Financial
Measures" and "Unaudited Reconciliation of GAAP and Non-GAAP
Results" below for more information about the non-GAAP financial
measures included in this press release.
|
Third Quarter 2017 Results
Total revenues were $95.2
million, a decrease of 48% from $183.3 million for the same quarter of 2016 as a
result of restrictions placed by local governments.
Revenues from e-commerce services were
$61.8 million, a decrease of 57% from
$143.8 million for the same quarter
of 2016, primarily due to decreases in both the number of discount
coupons redeemed and in the average price per discount coupon.
Revenues from online advertising services were
$30.0 million, a decrease of 11% from
$33.6 million for the same quarter of
2016, primarily due to a decrease in property developers' online
advertising demand.
Revenues from listing services were $3.4 million, a decrease of 42% from $5.9 million for the same quarter of 2016,
primarily due to a decrease in secondary home sales.
Cost of revenues was $21.1
million, an increase of 39% from $15.2 million for the same quarter of 2016,
primarily due to increased cost of advertising resources purchased,
partially offset by decreased staffing cost of the editorial
department as a result of headcount change.
Selling, general and administrative expenses were
$103.5 million, a decrease of 27%
from $142.8 million for the same
quarter of 2016, primarily due to decreased marketing expenses
related to the Company's e-commerce business, decreased commission
expenses in line with the decrease of revenues and decreased salary
and bonus as a result of headcount change.
Loss from operations was $29.3 million, compared to income from operations
of $26.8 million for the same quarter
of 2016. Non-GAAP loss from operations was
$24.9 million, compared to non-GAAP
income from operations of $33.6
million for the same quarter of 2016.
Net loss was $23.4
million, compared to net income of $17.2 million for the same quarter of 2016.
Non-GAAP net loss was $19.5
million, compared to non-GAAP net income of $23.2 million for the same quarter of 2016.
Net loss attributable to Leju shareholders was
$23.1 million, or $0.17 loss per diluted ADS, compared to net
income attributable to Leju shareholders of $17.1 million, or $0.13 per diluted ADS, for the same quarter of
2016. Non-GAAP net loss attributable to Leju
shareholders was $19.2
million, or $0.14 loss per
diluted ADS, compared to non-GAAP net income attributable to Leju
shareholders of $23.1 million, or
$0.17 per diluted ADS, for the same
quarter of 2016.
First Nine Months 2017 Results
Total revenues were $256.2
million, a decrease of 44% from $454.6 million for the same period of 2016 as a
result of restrictions placed by local governments.
Revenues from e-commerce services were
$163.6 million, a decrease of 53%
from $348.2 million for the same
period of 2016, primarily due to decreases in both the number of
discount coupons redeemed and in the average price per discount
coupon.
Revenues from online advertising services were
$80.5 million, a decrease of 10% from
$89.8 million for the same period of
2016, primarily due to a decrease in property developers' online
advertising demand.
Revenues from listing services were $12.0 million, a decrease of 28% from
$16.7 million for the same period of
2016, primarily due to a decrease in secondary home sales.
Cost of revenues was $54.4
million, an increase of 25% from $43.5 million for the same period of 2016,
primarily due to increased cost of advertising resources purchased,
partially offset by decreased staffing cost of the editorial
department as a result of headcount change.
Selling, general and administrative expenses were
$322.0 million, a decrease of 18%
from $390.4 million for the same
period of 2016, primarily due to decreased marketing expenses
related to the Company's e-commerce business and decreased
commission expenses in line with the decrease of revenues.
Goodwill impairment charge was $41.2 million. Since changes in market
environment continued to have a negative impact on the Company's
operating conditions and business outlook, an impairment loss of
goodwill of $41.2 million was
recognized based on the impairment assessment review.
Loss from operations was $158.6 million, compared to income from
operations of $23.0 million for the
same period of 2016. Non-GAAP loss from operations
was $104.1 million, compared to
non-GAAP income from operations of $42.7
million for the same period of 2016.
Net loss was $139.6
million, compared to net income of $14.8 million for the same period of 2016.
Non-GAAP net loss was $86.7
million, compared to non-GAAP net income of $32.1 million for the same period of 2016.
Net loss attributable to Leju
shareholders was $138.6
million, or $1.02 loss per
diluted ADS, compared to net income attributable to Leju
shareholders of $15.7 million, or
$0.12 per diluted ADS, for the same
period of 2016. Non-GAAP net loss attributable to Leju
shareholders was $85.7
million, or $0.63 loss per
diluted ADS, compared to non-GAAP net income attributable to Leju
shareholders of $33.0 million, or
$0.24 per diluted ADS, for the same
period of 2016.
Cash Flow
As of September 30, 2017, the
Company's cash and cash equivalents balance was
$209.0 million.
Third quarter 2017 net cash provided by operating
activities was $18.2 million,
mainly attributable to an increase in other current liabilities of
30.5 million, and an increase in advances from customers and
deferred revenue of $8.6 million,
partially offset by non-GAAP net loss of $19.5 million. Net cash used in investing
activities was $6.0 million,
mainly due to the payment of $5.9
million for the acquisition of a live broadcasting APP and
all of its related software copyrights, trademarks and
personnel.
Business Outlook
The Company estimates that its total revenues for the fourth
quarter of 2017 will be approximately $90
million to $100 million, which would represent a decrease of
approximately 5% to 14% from $104.9
million in the same quarter in 2016. This forecast reflects
the Company's current and preliminary view, which is subject to
change.
Leju to Hold Annual General Meeting on December 22, 2017
Leju announced that it will hold its annual general meeting of
shareholders (the "AGM") at Room 1120, 11/F, Yinli Building, No.
383 Guangyan Road, Shanghai, the People's
Republic of China on December 22,
2017 at 10:00AM (local time).
No proposal will be submitted to shareholders for approval at the
AGM. Instead, the AGM will serve as an open forum for shareholders
and holders of the Company's ADSs to discuss Company affairs with
management.
Holders of record of the Company's ordinary shares at the close
of business on December 1, 2017 (Eastern
Standard Time) are entitled to receive notice of and attend
the annual general meeting or any adjournment or postponement
thereof. Holders of the Company's ADSs are welcome to attend the
AGM in person.
The notice of the annual general meeting is available on the
Company's website at http://ir.leju.com.
Conference Call Information
Leju's management will host an earnings conference call on
November 28, 2017 at 7 a.m. U.S. Eastern Time (8 p.m. Beijing/Hong
Kong time).
Dial-in details for the earnings conference call are as
follows:
U.S./International:
|
+1-323-794-2093
|
Hong Kong:
|
+852-3008-1527
|
Mainland
China:
|
+400-120-9101
|
Please dial in 10 minutes before the call is scheduled to begin
and provide the passcode to join the call. The passcode is "Leju
earnings call."
A replay of the conference call may be accessed by phone at the
following number until December 5,
2017:
U.S./International:
|
+1-888-203-1112
|
Hong Kong:
|
+
800-901-108
|
Mainland
China:
|
+
400-120-1651
|
Passcode:
|
9793448
|
Additionally, a live and archived webcast will be available at
http://ir.leju.com.
About Leju
Leju Holdings Limited ("Leju") (NYSE: LEJU) is a leading
online-to-offline, or O2O, real estate services provider in
China, offering real estate
e-commerce, online advertising and online listing services. Leju's
integrated online platform comprises various mobile applications
along with local websites covering more than 370 cities, enhanced
by complementary offline services to facilitate residential
property transactions. In addition to the Company's own websites,
Leju operates the real estate and home furnishing websites of SINA
Corporation, and maintains a strategic partnership with
Tencent Holdings Limited. For more
information about Leju, please visit http://ir.leju.com.
Safe Harbor: Forward-Looking Statements
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"going forward," "outlook" and similar statements. Leju may also
make written or oral forward-looking statements in its reports
filed or furnished with the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about Leju's beliefs
and expectations, are forward-looking statements that involve
inherent risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contained, either expressly or impliedly, in any of the
forward-looking statements. Such factors include, but are not
limited to, fluctuations in China's real estate market;
the highly regulated nature of, and government measures affecting,
the real estate and internet industries in China; Leju's
ability to compete successfully against current and future
competitors; its ability to continue to develop and expand its
content, service offerings and features, and to develop or
incorporate the technologies that support them; its limited
operating history and lack of experience as a stand-alone public
company, given its carve-out from E-House and prior reliance on
E-House for various corporate services; its reliance on SINA and
others with which it has developed, or may develop in the future,
strategic partnerships; substantial revenue contribution from a
limited number of real estate markets; complexities resulting from
its ongoing relationships with E-House, due to E-House's principal
shareholding interest in Leju; and relevant government policies and
regulations relating to the corporate structure, business and
industry of Leju. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is current as of the
date of the press release, and the Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
About Non-GAAP Financial Measures
To supplement Leju's consolidated financial results presented in
accordance with United States Generally Accepted Accounting
Principles ("GAAP"), Leju uses in this press release the following
non-GAAP financial measures: (1) income (loss) from operations, (2)
net income (loss), (3) net income (loss) attributable to Leju
shareholders, (4) net income (loss) attributable to Leju
shareholders per basic ADS, and (5) net income (loss) attributable
to Leju shareholders per diluted ADS, each of which excludes
share-based compensation expense, amortization of intangible assets
resulting from business acquisitions and goodwill impairment. 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. For
more information on these non-GAAP financial measures, please see
the table captioned "Unaudited Reconciliation of GAAP and Non-GAAP
Results" set forth at the end of this press release.
Leju believes that these non-GAAP financial measures provide
meaningful supplemental information to investors regarding its
operating performance by excluding share-based compensation
expense, amortization of intangible assets resulting from business
acquisitions, and goodwill impairment which may not be indicative
of Leju's operating performance. These non-GAAP financial measures
also facilitate management's internal comparisons to Leju's
historical performance and assist its financial and operational
decision making. A limitation of using these non-GAAP financial
measures is that share-based compensation expense and amortization
of intangible assets resulting from business acquisitions may
continue to exist in Leju's business for the foreseeable future.
Management compensates for these limitations by providing specific
information regarding the GAAP amounts excluded from each non-GAAP
measure. The accompanying tables provide more details on the
reconciliation between non-GAAP financial measures and their most
comparable GAAP financial measures.
For investor and media inquiries please contact:
Ms. Annie Huang
Leju Holdings Limited
Phone: +86 (10) 5895-1062
E-mail: ir@leju.com
Philip Lisio
Foote Group
Phone: +86 135-0116-6560
E-mail: phil@thefootegroup.com
LEJU HOLDINGS
LIMITED
UNAUDITED
CONSOLIDATED BALANCE SHEETS
(In thousands of
U.S. dollars)
|
|
|
|
|
December
31,
|
|
September
30,
|
|
|
|
2016
|
|
2017
|
ASSETS
|
|
|
|
|
|
|
|
|
Current
assets
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
274,338
|
|
|
|
208,957
|
Accounts receivable,
net
|
|
|
|
71,390
|
|
|
|
77,689
|
Marketable
securities
|
|
|
|
2,181
|
|
|
|
2,384
|
Prepaid expenses and
other current assets
|
|
|
|
12,756
|
|
|
|
8,862
|
Customer
deposits
|
|
|
|
39,702
|
|
|
|
32,528
|
Amounts due from
related parties
|
|
|
|
6,019
|
|
|
|
2,812
|
Total current
assets
|
|
|
|
406,386
|
|
|
|
333,232
|
Property and
equipment, net
|
|
|
|
7,923
|
|
|
|
12,373
|
Intangible assets,
net
|
|
|
|
78,374
|
|
|
|
74,054
|
Investment in
affiliates
|
|
|
|
409
|
|
|
|
236
|
Goodwill
|
|
|
|
39,018
|
|
|
|
-
|
Deferred tax
assets
|
|
|
|
41,698
|
|
|
|
43,584
|
Other non-current
assets
|
|
|
|
2,059
|
|
|
|
2,292
|
Total
assets
|
|
|
|
575,867
|
|
|
|
465,771
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
EQUITY
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
|
|
|
Accounts
payable
|
|
|
|
1,574
|
|
|
|
683
|
Accrued payroll and
welfare expenses
|
|
|
|
41,728
|
|
|
|
35,130
|
Income tax
payable
|
|
|
|
66,148
|
|
|
|
40,340
|
Other tax
payable
|
|
|
|
16,678
|
|
|
|
12,227
|
Amounts due to
related parties
|
|
|
|
1,581
|
|
|
|
5,342
|
Advance from
customers and deferred revenue
|
|
|
|
5,058
|
|
|
|
15,165
|
Accrued marketing and
advertising expenses
|
|
|
|
9,355
|
|
|
|
21,143
|
Other current
liabilities
|
|
|
|
8,516
|
|
|
|
38,889
|
Total current
liabilities
|
|
|
|
150,638
|
|
|
|
168,919
|
Deferred tax
liabilities
|
|
|
|
18,869
|
|
|
|
21,080
|
Total
liabilities
|
|
|
|
169,507
|
|
|
|
189,999
|
Equity
|
|
|
|
|
|
|
|
|
|
|
Ordinary shares
($0.001 par value): 1,000,000,000 shares
authorized, 135,503,958 and 135,763,962 shares issued
and
outstanding, as of December 31, 2016 and September 30,
2017, respectively
|
|
|
|
136
|
|
|
|
136
|
Additional paid-in
capital
|
|
|
|
785,019
|
|
|
|
788,416
|
Accumulated
deficit
|
|
|
|
(354,365)
|
|
|
|
(493,012)
|
Accumulated other
comprehensive income
|
|
|
|
(22,321)
|
|
|
|
(16,622)
|
Total Leju
equity
|
|
|
|
408,469
|
|
|
|
278,918
|
Non-controlling
interests
|
|
|
|
(2,109)
|
|
|
|
(3,146)
|
Total
equity
|
|
|
|
406,360
|
|
|
|
275,772
|
TOTAL LIABILITIES
AND EQUITY
|
|
|
|
575,867
|
|
|
|
465,771
|
|
|
|
|
|
|
|
|
|
|
|
LEJU HOLDINGS
LIMITED
UNAUDITED
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of
U.S. dollars, except share data and per share data)
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
E-commerce
|
|
143,845
|
|
61,809
|
|
348,152
|
|
163,619
|
Online advertising
services
|
|
33,555
|
|
29,963
|
|
89,769
|
|
80,516
|
Listing
services
|
|
5,902
|
|
3,395
|
|
16,692
|
|
12,029
|
Total
revenues
|
|
183,302
|
|
95,167
|
|
454,613
|
|
256,164
|
Cost of
revenues
|
|
(15,229)
|
|
(21,144)
|
|
(43,465)
|
|
(54,437)
|
Selling, general and
administrative expenses
|
|
(142,769)
|
|
(103,531)
|
|
(390,379)
|
|
(321,983)
|
Goodwill impairment
charge
|
|
-
|
|
-
|
|
-
|
|
(41,223)
|
Other operating
income
|
|
1,464
|
|
159
|
|
2,274
|
|
2,901
|
Income (loss) from
operations
|
|
26,768
|
|
(29,349)
|
|
23,043
|
|
(158,578)
|
Investment income
(loss)
|
|
1
|
|
-
|
|
(189)
|
|
-
|
Interest
income
|
|
373
|
|
411
|
|
925
|
|
988
|
Other income
(expenses), net
|
|
62
|
|
(316)
|
|
563
|
|
(623)
|
Income (loss)
before taxes and equity in
affiliates
|
|
27,204
|
|
(29,254)
|
|
24,342
|
|
(158,213)
|
Income tax benefits
(expenses)
|
|
(9,923)
|
|
5,893
|
|
(9,342)
|
|
18,818
|
Income (loss)
before equity in affiliates
|
|
17,281
|
|
(23,361)
|
|
15,000
|
|
(139,395)
|
Loss from equity in
affiliates
|
|
(80)
|
|
(56)
|
|
(216)
|
|
(188)
|
Net income
(loss)
|
|
17,201
|
|
(23,417)
|
|
14,784
|
|
(139,583)
|
Less: net income
(loss) attributable to
non-controlling interests
|
|
102
|
|
(294)
|
|
(879)
|
|
(984)
|
Net income (loss)
attributable to Leju s
hareholders
|
|
17,099
|
|
(23,123)
|
|
15,663
|
|
(138,599)
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
share:
|
|
|
|
|
|
|
|
|
Basic
|
|
0.13
|
|
(0.17)
|
|
0.12
|
|
(1.02)
|
Diluted
|
|
0.13
|
|
(0.17)
|
|
0.12
|
|
(1.02)
|
Shares used in
computation:
|
|
|
|
|
|
|
|
|
Basic
|
|
135,278,105
|
|
135,763,962
|
|
135,171,280
|
|
135,689,813
|
Diluted
|
|
135,430,377
|
|
135,763,962
|
|
135,279,590
|
|
135,689,813
|
|
|
|
|
|
|
|
|
|
Note 1
|
The conversion of
Renminbi ("RMB") amounts into USD amounts is based on the rate
of USD1 = RMB6.6369 on September 30, 2017 and USD1 = RMB6.7836 for
the nine
months ended September 30, 2017
|
LEJU HOLDINGS
LIMITED
UNAUDITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(In thousands of
U.S. dollars)
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
|
|
|
|
|
|
|
|
Net income
(loss)
|
|
17,201
|
|
(23,417)
|
|
14,784
|
|
(139,583)
|
Other comprehensive
income (loss), net of tax of nil
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment
|
|
(1,742)
|
|
1,353
|
|
(5,527)
|
|
5,621
|
|
|
|
|
|
|
|
|
|
Comprehensive
income (loss)
|
|
15,459
|
|
(22,064)
|
|
9,257
|
|
(133,962)
|
|
|
|
|
|
|
|
|
|
Less: Comprehensive
income (loss) attributable to
non-controlling interest
|
|
105
|
|
(333)
|
|
(875)
|
|
(1,062)
|
|
|
|
|
|
|
|
|
|
Comprehensive
income (loss) attributable to
Leju shareholders
|
|
15,354
|
|
(21,731)
|
|
10,132
|
|
(132,900)
|
|
|
|
|
|
|
|
|
|
LEJU HOLDINGS
LIMITED
Unaudited
Reconciliation of GAAP and Non-GAAP Results
(In thousands of
U.S. dollars, except share data and per ADS data)
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
GAAP income (loss)
from operations
|
|
26,768
|
|
(29,349)
|
|
23,043
|
|
(158,578)
|
Share-based
compensation expense
|
|
3,700
|
|
976
|
|
10,427
|
|
3,374
|
Amortization of
intangible assets resulting from business
acquisitions
|
|
3,083
|
|
3,485
|
|
9,250
|
|
9,848
|
Goodwill
impairment
|
|
-
|
|
-
|
|
-
|
|
41,223
|
Non-GAAP income
(loss) from operations
|
|
33,551
|
|
(24,888)
|
|
42,720
|
|
(104,133)
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss)
|
|
17,201
|
|
(23,417)
|
|
14,784
|
|
(139,583)
|
Share-based
compensation expense (net of tax)
|
|
3,700
|
|
976
|
|
10,427
|
|
3,374
|
Amortization of
intangible assets resulting from
business
acquisitions (net of tax)
|
|
2,312
|
|
2,911
|
|
6,937
|
|
8,278
|
Goodwill impairment
(net of tax)
|
|
-
|
|
-
|
|
-
|
|
41,223
|
Non-GAAP net
income (loss)
|
|
23,213
|
|
(19,530)
|
|
32,148
|
|
(86,708)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to Leju Shareholder
|
|
17,099
|
|
(23,123)
|
|
15,663
|
|
(138,599)
|
Share-based
compensation expense
(net of tax and
non-controlling interests)
|
|
3,691
|
|
967
|
|
10,402
|
|
3,349
|
Amortization of
intangible assets resulting from business
acquisitions (net of tax and non-controlling
interests)
|
|
2,312
|
|
2,911
|
|
6,937
|
|
8,278
|
Goodwill impairment
(net of tax and non-controlling
interests)
|
|
-
|
|
-
|
|
-
|
|
41,223
|
Non-GAAP net
income (loss) attributable to Leju
shareholders
|
|
23,102
|
|
(19,245)
|
|
33,002
|
|
(85,749)
|
|
|
|
|
|
|
|
|
|
GAAP net income
(loss) per ADS - basic/diluted
|
|
0.13
|
|
(0.17)
|
|
0.12
|
|
(1.02)
|
|
|
|
|
|
|
|
|
|
Non-GAAP net
income (loss) per ADS - basic/diluted
|
|
0.17
|
|
(0.14)
|
|
0.24
|
|
(0.63)
|
|
|
|
|
|
|
|
|
|
Shares used in
calculating basic GAAP/non-GAAP net
income (loss) attributable to shareholders per
ADS
|
|
135,278,105
|
|
135,763,962
|
|
135,171,280
|
|
135,689,813
|
|
|
|
|
|
|
|
|
|
Shares used in
calculating diluted GAAP/non-GAAP net
income (loss) attributable to shareholders per
ADS
|
|
135,430,377
|
|
135,763,962
|
|
135,279,590
|
|
135,689,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LEJU HOLDINGS
LIMITED
SELECTED OPERATING
DATA
|
|
|
|
|
|
|
|
Three months
ended
|
|
Nine months
ended
|
|
|
September
30,
|
|
September
30,
|
|
|
2016
|
|
2017
|
|
2016
|
|
2017
|
|
|
|
|
|
|
|
|
|
Operating data for
e-commerce services
|
|
|
|
|
|
|
|
|
Number of discount
coupons issued to
prospective purchasers (number of
transactions)
|
|
132,142
|
|
58,168
|
|
267,827
|
|
198,899
|
Number of discount
coupons redeemed
(number of transactions)
|
|
53,602
|
|
30,717
|
|
137,827
|
|
82,374
|
|
|
|
|
|
|
|
|
|
View original
content:http://www.prnewswire.com/news-releases/leju-reports-third-quarter-2017-results-and-issues-notice-of-annual-general-meeting-300562442.html
SOURCE Leju Holdings Limited