Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a
leading innovator in shared cloud computing and blockchain
technology in China, today announced its unaudited
financial results for the fourth quarter and fiscal year ended
December 31, 2022.
Fourth Quarter 2022 Financial
Highlights:
- Total revenues
were US$97.0 million, representing an increase of 9.8% from the
previous quarter.
- Cloud computing
revenues were US$31.9 million, representing an increase of
9.7% from the previous quarter.
- Subscription
revenues were US$24.9 million, representing a decrease of
0.2% from the previous quarter.
- Live streaming and other
internet value-added services (“Live streaming and other IVAS”)
revenues were US$40.2 million, representing an increase of
17.3% from the previous quarter.
- Gross profit was
US$37.6 million, representing an increase of 6.8% from the previous
quarter, and gross profit margin was 38.8% in the fourth quarter,
compared with 39.9% in the previous quarter.
- Net income was
US$1.6 million in the fourth quarter, compared with US$8.3 million
in the previous quarter.
- Non-GAAP net
income was US$3.5 million in the fourth quarter, compared
with US$9.0 million in the previous quarter.
- Diluted earnings per
ADS was approximately US$0.02 as compared with US$0.12 per
ADS in the previous quarter.
Fiscal Year Ended December 31, 2022 Financial
Highlights:
- Total revenues
were US$342.6 million, representing an increase of 43.0% from
2021.
- Cloud computing
revenues were US$119.6 million, representing an increase of 26.2%
from 2021.
- Subscription
revenues were US$100.6 million, representing an increase
of 10.3% from 2021.
- Live streaming and other
IVAS revenues were US$122.4 million, representing an
increase of 128.2% from 2021.
- Gross profit was
US$141.4 million, representing an increase of 17.7% from 2021, and
gross profit margin was 41.3%, compared with 50.2% in the previous
year.
- Net income was
US$21.3 million, compared with US$1.1 million in 2021.
- Non-GAAP net
income was US$29.5 million, compared with US$7.3 million
in 2021.
- Diluted earnings per
ADS was US$0.32, compared with US$0.02 in the previous
year.
Mr. Jinbo Li, Chairman and Chief Executive
Officer of Xunlei, stated, "We ended fiscal year 2022 with
record-setting revenues of $97.0 million, up 9.8% sequentially in
the fourth quarter as compared with the previous quarter. Total
revenues for 2022 were $342.6 million, up 43.0% year-over-year.
Furthermore, we announced last quarter that we expected full year
profitability, and we did it. For fiscal year 2022, we achieved net
profits of $21.3 million, representing an increase of 1825.3% as
compared with 2021. Both the quarterly and annual revenues were the
highest in the Company’s 20-year history. We are pleased with our
accomplishments last year, which reflects the resilience of our
multi-faceted business model, robust R&D capability and
unmatched customer value proposition.”
“We relocated to our own headquarters building
at the end of last year and entered 2023 on a high note. We believe
we will be better positioned than ever before to explore new and
exciting opportunities. Going forward, we are optimistic and will
remain focused as we embark on a new journey that lies ahead of
us,” concluded Mr. Jinbo Li.
Fourth Quarter 2022 Financial
Results
Total Revenues
Total revenues were US$97.0 million,
representing an increase of 9.8% from the previous quarter. The
increase in total revenues was mainly attributable to increased
revenues generated from our live streaming and cloud computing
businesses.
Revenues from cloud computing were US$31.9
million, representing an increase of 9.7% from the previous
quarter. The increase in cloud computing revenues was mainly due to
the increased demand from major customers of our cloud computing
services.
Revenues from subscription were US$24.9 million,
representing a decrease of 0.2% from the previous quarter. The
decrease in subscription revenues was mainly due to lower average
revenue per subscriber for this quarter and depreciation of RMB
against US Dollar. The number of subscribers was 4.99 million as of
December 31 2022, compared with 4.37 million as of September 30,
2022. The average revenue per subscriber for the fourth quarter was
RMB35.4, compared with RMB39.1 in the previous quarter. The lower
average revenue per subscriber was due to more promotional
activities carried out for our subscription business during the
fourth quarter.
Revenues from live streaming and other IVAS were
US$40.2 million, representing an increase of 17.3% from the
previous quarter. The increase of live streaming and other IVAS
revenues was mainly driven by the increased demand for our live
streaming service and by our enhanced monetization capability.
Costs of Revenues
Costs of revenues were US$59.0 million,
representing 60.9% of our total revenues, compared with US$52.8
million or 59.9% of the total revenues in the previous quarter. The
increased costs of revenues were mainly attributable to increased
sales of our live streaming and cloud computing services.
Bandwidth costs, as included in costs of
revenues were US$26.9 million, representing 27.7% of our total
revenues, compared with US$25.3 million or 28.6% of the total
revenues in the previous quarter. The increase in bandwidth costs
was mainly due to increased demand for our cloud computing
services.
The remaining costs of revenues mainly consisted
of costs related to the revenue-sharing costs for our live
streaming business, payment of handling fees and depreciation of
servers and other equipment.
Gross Profit and Gross Profit
Margin
Gross profit for the fourth quarter of 2022 was
US$37.6 million, representing an increase of 6.8% from the previous
quarter. Gross profit margin was 38.8% in the fourth quarter,
compared with 39.9% in the previous quarter. The increase in gross
profit was mainly driven by the increase in gross profit of our
live streaming and cloud computing businesses. The decrease in
gross profit margin was mainly due to the increased portion of live
streaming revenues to total revenues, which has a relatively lower
gross profit margin.
Research and Development
Expenses
Research and development expenses for the fourth
quarter were US$19.2 million, representing 19.8% of our total
revenues, compared with US$16.2 million or 18.3% of our total
revenues in the previous quarter. The increase was primarily due to
increased employee bonuses accrued during this quarter.
Sales and Marketing
Expenses
Sales and marketing expenses for the fourth
quarter were US$8.7 million, representing 8.9% of our total
revenues, compared with US$5.8 million or 6.6% of our total
revenues in the previous quarter. The increase was primarily due to
more marketing activities held for our subscription and live
streaming businesses during this quarter as a result of our
continued user acquisition efforts.
General and Administrative
Expenses
General and administrative expenses for the
fourth quarter were US$9.8 million, representing 10.1% of our total
revenues, compared with US$8.2 million or 9.3% of our total
revenues in the previous quarter. The increase was primarily due to
the increase in share-based compensation expenses during this
quarter.
Operating Income
Operating income was US$0.4 million, compared
with US$5.1 million in the previous quarter. The decrease in
operating income was primarily attributable to the increase in
employee bonuses, marketing expenses and share-based compensation
expenses incurred during this quarter.
Other Income, Net
Other income was US$0.7 million, compared with
other income of US$4.7 million in the previous quarter. The
decrease was primarily due to the decrease in foreign exchange
gains as compared with the previous quarter.
Net Income and Earnings Per
ADS
Net income was US$1.6 million, compared with
US$8.3 million in the previous quarter. Non-GAAP net income was
US$3.5 million in the fourth quarter of 2022, compared with US$9.0
million in the previous quarter. The decrease of net income and
non-GAAP net income was primarily attributable to the decrease in
operating income and other income as discussed above.
Diluted earnings per ADS in the fourth quarter
of 2022 was approximately US$0.02 as compared to US$0.12 in the
third quarter of 2022.
Cash Balance
As of December 31, 2022, the Company had cash,
cash equivalents and short-term investments of US$262.3 million,
compared with US$251.7 million as of September 30, 2022. The
major factors affecting the cash position included net cash inflow
from operations, partially offset by repayment of a bank loan,
expenditure on constructing Xunlei headquarters building and
spending on share buybacks.
Financial Results for Fiscal Year Ended
December 31, 2022
Total Revenues
Total revenues were US$342.6 million,
representing an increase of 43.0% on a year-over-year basis. The
increase in total revenues was mainly attributable to increased
revenues from our live streaming, cloud computing and subscription
businesses.
Revenues from cloud computing were US$119.6
million, representing an increase of 26.2% on a year-over-year
basis. The increase in cloud computing was mainly attributable to
our expanded service capabilities and increased demand from our
major customers.
Revenues from subscription were US$100.6
million, representing an increase of 10.3% on a year-over-year
basis. The increase was mainly due to a growing number of
subscribers, which increased from 4.39 million as of December 31,
2021 to 4.99 million as of December 31, 2022.
Revenues from live streaming and other IVAS were
US$122.4 million, representing an increase of 128.2% on a
year-over-year basis. The increase was primarily due to the
increase in demand for our live streaming products we launched in
2021 and due to enhanced monetization capability.
Costs of Revenues
Costs of revenues were US$200.1 million,
representing 58.4% of our total revenues, compared with US$118.6
million or 49.5% of the total revenues in 2021. The increase was
primarily resulted from the significant increase in revenues of our
major business lines.
Bandwidth costs, a major component of costs of
revenues, were US$104.6 million, representing 30.5% of our total
revenues, compared with US$80.7 million or 33.7% of the total
revenues in the previous quarter. The increased bandwidth costs
were mainly due to increased demand for our cloud computing
services, which was consistent with the increase in cloud computing
revenues.
The remaining costs of revenues mainly consisted
of costs related to the revenue-sharing costs for our live
streaming business and depreciation of servers and other
equipment.
Gross Profit and Gross Profit
Margin
Gross profit for the year was US$141.4 million,
representing an increase of 17.7% on the year-over-year basis.
Gross profit margin was 41.3%, compared with 50.2% in the previous
year. The increase in gross profit was mainly driven by the
increase in gross profit of our live streaming business, cloud
computing business and subscription business. The decrease in gross
profit margin was mainly attributed to the increased portion of
live streaming revenues to total revenues, which has a relatively
lower gross profit margin and decreased percentage of subscription
revenues to total revenues, which has a relatively higher gross
profit margin.
Research and Development
Expenses
Research and development expenses for the year
were US$67.7 million, representing 19.8% of our total revenues,
compared with US$61.9 million or 25.8% of our total revenues in the
previous year. The increase was primarily due to increased labor
costs as a result of increased headcount as compared with the
previous year.
Sales and Marketing
Expenses
Sales and marketing expenses for the year were
US$24.8 million, representing 7.3% of our total revenues, compared
with US$24.6 million or 10.3% of our total revenues in the previous
year.
General and Administrative
Expenses
General and administrative expenses for the year
were US$39.7 million, representing 11.6% of our total revenues,
compared with US$36.9 million or 15.4% of our total revenues in the
previous year. The increase was primarily due to the increased
share-based compensation expenses from awarded restricted shares,
partly offset by decreased professional consulting expenses
incurred during the year.
Operating Income
Operating income was US$10.1 million, compared
with an operating loss of US$4.3 million in the previous year. The
increase in operating income was primarily attributable to the
increase in gross profit of live streaming, cloud computing and
subscription businesses during the year, partly offset by the
increase in operating expenses mentioned above.
Other Income, Net
Other income was US$13.5 million, compared with
other income of US$4.7 million in the previous year. The increase
was primarily due to the increase in foreign exchange gains and
reversal of certain long outstanding payables with a low
probability of payment during the year.
Net Income and Earnings Per
ADS
Net income was US$21.3 million in 2022, compared
with net income of US$1.1 million in the previous year. Non-GAAP
net income was US$29.5 million in 2022, compared with US$7.3
million in the previous year. The increase in net income and
non-GAAP net income was primarily driven by the increase in
operating income and other income as discussed above.
Diluted earnings per ADS in 2022 was
approximately US$0.32 as compared with US$0.02 in the previous
year.
Cash Balance
As of December 31, 2022, the Company had cash,
cash equivalents and short-term investments of US$262.3 million,
compared with US$239.0 million as of December 31, 2021. The
increase in cash and cash equivalents was mainly attributed to net
cash inflow from operating activities and a bank loan, partly
offset by expenditure on R&D activities, the construction of
Xunlei headquarters building and spending on share buybacks.
Share Repurchase Program
In March 2022, Xunlei announced that its Board
of Directors authorized the repurchase of up to $20 million of its
outstanding common stocks over the next 12 months. As of December
31, 2022, we have spent US$6.8 million on share buybacks.
Guidance for the First Quarter of
2023
For the first quarter of 2023, Xunlei estimates
total revenues to be between US$98 million and US$104 million, and
the midpoint of the range represents a quarter-over-quarter
increase of approximately 4.1%. This estimate represents
management's preliminary view as of the date of this press release,
which is subject to change and any change could be material.
Conference Call Information
Participant Online Registration:
https://register.vevent.com/register/BI39a11ef7ed814d94a0049fe4d05a0017
Please register to join the conference using the
link provided above and dial in 10 minutes before the call is
scheduled to begin. Once registered, the participants will receive
an email with personal PIN and dial-in information, and
participants can choose to access either via Dial-In or Call Me. A
kindly reminder that "Call Me" does not work for China number.
The Company will also broadcast a live audio
webcast of the conference call. The webcast will be available at
http://ir.xunlei.com. Following the earnings conference call, an
archive of the call will be available at
https://edge.media-server.com/mmc/p/hodw6dxy
About Xunlei
Founded in 2003, Xunlei
Limited (NASDAQ: XNET) is a leading innovator in shared
cloud computing and blockchain technology
in China. Xunlei provides a wide range of products
and services across cloud acceleration, blockchain, shared cloud
computing and digital entertainment to deliver an efficient, smart
and safe internet experience.
Safe Harbor Statement
This press release contains statements of a
forward-looking nature. These statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"future," "intends," "plans," "estimates" and similar statements.
Among other things, the management's quotations, the "Outlook" and
"Guidance" sections in this press release, as well as the Company's
strategic, operational and acquisition plans, contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company's ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company's ability to keep up with technological developments and
users' changing demands in the internet industry; the Company's
ability to convert its users into subscribers of its premium
services; the Company's ability to deal with existing and potential
copyright infringement claims and other related claims; the risk
that Covid-19 or other health risks in China or globally could
adversely affect the Company's operations or financial results; the
Company’s ability to react to the governmental actions for its
scrutiny of internet content in China and the Company's ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
About Non-GAAP Financial
Measures
To supplement Xunlei's consolidated financial
results presented in accordance with United States Generally
Accepted Accounting Principles ("GAAP"), Xunlei uses the following
measures defined as non-GAAP financial measures by the United
States Securities and Exchange Commission: (1) non-GAAP operating
income, (2) non-GAAP net income, (3) non-GAAP basic and diluted
earnings per share for common shares, and (4) non-GAAP basic and
diluted earnings per ADS. The presentation of the non-GAAP
financial information is not intended to be considered in isolation
or as a substitute for the financial information prepared and
presented in accordance with GAAP.
Xunlei believes that these non-GAAP financial
measures provide meaningful supplemental information to investors
regarding the Company's operating performance by excluding
share-based compensation expenses, which is not expected to result
in future cash payments. These non-GAAP financial measures also
facilitate management's internal comparisons to Xunlei's historical
performance and assist the Company's financial and operational
decision making. A limitation of using these non-GAAP financial
measures is that these non-GAAP measures exclude share-based
compensation charge that has been and will continue to be for the
foreseeable future a recurring expense in Xunlei's results of
operations. Management compensates for these limitations by
providing specific information regarding the GAAP amounts excluded
from each non-GAAP measure. The accompanying reconciliation tables
at the end of this release include details on the reconciliations
between GAAP financial measures that are most directly comparable
to the non-GAAP financial measures the Company has presented.
|
XUNLEI
LIMITED |
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS |
(Amounts expressed
in thousands of USD, except for share, per share (or ADS)
data) |
|
December 31, |
December 31, |
|
2022 |
2021 |
|
US$ |
US$ |
Assets |
|
|
|
|
|
Current assets: |
|
|
Cash and
cash equivalents |
178,695 |
123,358 |
Short-term
investments |
83,626 |
115,652 |
Accounts
receivable, net |
28,222 |
26,135 |
Inventories |
457 |
1,363 |
Due from
related parties |
32,917 |
15,578 |
Prepayments
and other current assets |
8,267 |
11,842 |
Total current assets |
332,184 |
293,928 |
|
|
|
Non-current assets: |
|
|
Restricted
cash |
7,654 |
4,078 |
Long-term
investments |
30,811 |
31,495 |
Deferred tax
assets |
213 |
- |
Property and
equipment, net |
61,734 |
57,657 |
Intangible
assets, net |
6,546 |
8,299 |
Goodwill |
21,179 |
23,136 |
Due from a
related party, non-current portion |
- |
19,311 |
Long-term
prepayments and other assets |
2,137 |
2,787 |
Right-of-use
assets |
865 |
27 |
Total assets |
463,323 |
440,718 |
|
|
|
Liabilities |
|
|
Current liabilities: |
|
|
Accounts
payable |
25,432 |
26,407 |
Due to
related parties |
1,560 |
1,597 |
Contract
liabilities and deferred income, current portion |
38,967 |
36,892 |
Lease
liabilities |
283 |
18 |
Income tax
payable |
5,586 |
2,531 |
Accrued
liabilities and other payables |
49,438 |
49,557 |
Bank
borrowings, current portion |
7,024 |
2,876 |
Total current liabilities |
128,290 |
119,878 |
|
|
|
|
|
|
Non-current liabilities: |
|
|
Contract
liabilities and deferred income, non-current portion |
876 |
845 |
Lease
liabilities, non-current portion |
299 |
7 |
Deferred tax
liabilities |
687 |
930 |
Bank
borrowings, non-current portion |
24,750 |
17,291 |
Total liabilities |
154,902 |
138,951 |
|
|
|
Equity |
|
|
Common
shares (US$0.00025 par value, 1,000,000,000 shares authorized,
368,877,205 shares issued and 337,257,946 shares outstanding as at
December 31, 2021; 375,001,940 issued and 325,047,736 shares
outstanding as at December 31, 2022) |
81 |
84 |
Additional
paid-in-capital |
477,495 |
476,057 |
Accumulated
other comprehensive (loss)/income |
(14,668) |
1,988 |
Statutory
reserves |
7,036 |
6,155 |
Treasury
shares (31,619,259 shares and 49,954,204 shares as at December 31,
2021 and December 31, 2022, respectively) |
12 |
8 |
Accumulated
deficits |
(160,063) |
(180,645) |
Total Xunlei Limited's shareholders' equity |
309,893 |
303,647 |
Non-controlling interests |
(1,472) |
(1,880) |
Total liabilities and shareholders' equity |
463,323 |
440,718 |
|
|
|
XUNLEI LIMITED |
Unaudited Condensed Consolidated Statements of
Income/(Loss) |
(Amounts expressed in thousands of USD, except for share, per share
(or ADS) data) |
|
|
Three months ended |
|
Year ended |
|
|
|
|
|
Dec 31, |
Sept 30, |
Dec 31, |
|
Dec 31, |
Dec 31, |
|
2022 |
2022 |
2021 |
|
2022 |
2021 |
|
US$ |
US$ |
US$ |
|
US$ |
US$ |
Revenues, net of rebates and discounts |
96,963 |
|
88,283 |
|
71,145 |
|
|
342,564 |
|
239,601 |
|
Business taxes and
surcharges |
(319 |
) |
(217 |
) |
(307 |
) |
|
(1,067 |
) |
(819 |
) |
Net revenues |
96,644 |
|
88,066 |
|
70,838 |
|
|
341,497 |
|
238,782 |
|
Cost of revenues |
(59,027 |
) |
(52,845 |
) |
(37,586 |
) |
|
(200,054 |
) |
(118,603 |
) |
Gross
profit |
37,617 |
|
35,221 |
|
33,252 |
|
|
141,443 |
|
120,179 |
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
Research and development
expenses |
(19,234 |
) |
(16,161 |
) |
(16,559 |
) |
|
(67,680 |
) |
(61,859 |
) |
Sales and marketing
expenses |
(8,676 |
) |
(5,784 |
) |
(6,607 |
) |
|
(24,841 |
) |
(24,569 |
) |
General and administrative
expenses |
(9,799 |
) |
(8,238 |
) |
(11,106 |
) |
|
(39,701 |
) |
(36,868 |
) |
Assets impairment loss, net of
recoveries |
496 |
|
22 |
|
(703 |
) |
|
844 |
|
(1,206 |
) |
Total operating
expenses |
(37,213 |
) |
(30,161 |
) |
(34,975 |
) |
|
(131,378 |
) |
(124,502 |
) |
|
|
|
|
|
|
|
Operating
income/(loss) |
404 |
|
5,060 |
|
(1,723 |
) |
|
10,065 |
|
(4,323 |
) |
Interest income |
735 |
|
445 |
|
270 |
|
|
1,898 |
|
723 |
|
Interest expense |
(23 |
) |
(24 |
) |
(23 |
) |
|
(93 |
) |
(95 |
) |
Other income, net |
703 |
|
4,669 |
|
995 |
|
|
13,545 |
|
4,678 |
|
Income/(loss) before
income taxes |
1,819 |
|
10,150 |
|
(481 |
) |
|
25,415 |
|
983 |
|
Income tax
(expense)/benefit |
(247 |
) |
(1,803 |
) |
(28 |
) |
|
(4,068 |
) |
125 |
|
Net
income/(loss) |
1,572 |
|
8,347 |
|
(509 |
) |
|
21,347 |
|
1,108 |
|
Less: net loss attributable to
non-controlling interest |
(58 |
) |
(3 |
) |
(30 |
) |
|
(116 |
) |
(83 |
) |
Net income/(loss)
attributable to common shareholders |
1,630 |
|
8,350 |
|
(479 |
) |
|
21,463 |
|
1,191 |
|
|
|
|
|
|
|
|
Earnings/(loss) per
share for common shares |
|
|
|
|
|
|
Basic |
0.0049 |
|
0.0247 |
|
(0.0014 |
) |
|
0.0639 |
|
0.0036 |
|
Diluted |
0.0049 |
|
0.0247 |
|
(0.0014 |
) |
|
0.0638 |
|
0.0035 |
|
|
|
|
|
|
|
|
Earnings/(loss) per
ADS |
|
|
|
|
|
|
Basic |
0.0245 |
|
0.1235 |
|
(0.0070 |
) |
|
0.3195 |
|
0.0180 |
|
Diluted |
0.0245 |
|
0.1235 |
|
(0.0070 |
) |
|
0.3190 |
|
0.0175 |
|
|
|
|
|
|
|
|
Weighted average
number of common shares used in calculating: |
|
|
|
|
|
|
Basic |
330,049,995 |
|
337,401,763 |
|
334,982,981 |
|
|
336,040,378 |
|
334,707,559 |
|
Diluted |
330,277,252 |
|
337,481,567 |
|
334,982,981 |
|
|
336,235,501 |
|
335,969,780 |
|
|
|
|
|
|
|
|
Weighted average
number of ADSs used in calculating: |
|
|
|
|
|
|
Basic |
66,009,999 |
|
67,480,353 |
|
66,996,596 |
|
|
67,208,076 |
|
66,941,512 |
|
Diluted |
66,055,450 |
|
67,496,313 |
|
66,996,596 |
|
|
67,247,100 |
|
67,193,956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
XUNLEI LIMITED |
Unaudited Reconciliation of GAAP and Non-GAAP
Results |
(Amounts expressed in thousands of USD, except for share, per share
(or ADS) data) |
|
|
Three months ended |
|
Year ended |
|
|
|
|
|
Dec 31, |
Sept 30, |
Dec 31, |
|
Dec 31, |
Dec 31, |
|
2022 |
2022 |
2021 |
|
2022 |
2021 |
|
US$ |
US$ |
US$ |
|
US$ |
US$ |
|
|
|
|
|
|
|
GAAP operating
income/(loss) |
404 |
|
5,060 |
|
(1,723 |
) |
|
10,065 |
|
(4,323 |
) |
Share-based compensation
expenses |
1,879 |
|
693 |
|
2,229 |
|
|
8,184 |
|
6,172 |
|
Non-GAAP operating
income |
2,283 |
|
5,753 |
|
506 |
|
|
18,249 |
|
1,849 |
|
|
|
|
|
|
|
|
GAAP net income/(loss) |
1,572 |
|
8,347 |
|
(509 |
) |
|
21,347 |
|
1,108 |
|
Share-based compensation
expenses |
1,879 |
|
693 |
|
2,229 |
|
|
8,184 |
|
6,172 |
|
Non-GAAP net
income |
3,451 |
|
9,040 |
|
1,720 |
|
|
29,531 |
|
7,280 |
|
|
|
|
|
|
|
|
GAAP earnings/(loss)
per share for common shares: |
|
|
|
|
|
|
Basic |
0.0049 |
|
0.0247 |
|
(0.0014 |
) |
|
0.0639 |
|
0.0036 |
|
Diluted |
0.0049 |
|
0.0247 |
|
(0.0014 |
) |
|
0.0638 |
|
0.0035 |
|
|
|
|
|
|
|
|
GAAP earnings/(loss)
per ADS: |
|
|
|
|
|
|
Basic |
0.0245 |
|
0.1235 |
|
(0.0070 |
) |
|
0.3195 |
|
0.0180 |
|
Diluted |
0.0245 |
|
0.1235 |
|
(0.0070 |
) |
|
0.3190 |
|
0.0175 |
|
|
|
|
|
|
|
|
Non-GAAP earnings per
share for common shares: |
|
|
|
|
|
|
Basic |
0.0106 |
|
0.0268 |
|
0.0052 |
|
|
0.0882 |
|
0.0220 |
|
Diluted |
0.0106 |
|
0.0268 |
|
0.0052 |
|
|
0.0882 |
|
0.0219 |
|
|
|
|
|
|
|
|
Non-GAAP earnings per
ADS: |
|
|
|
|
|
|
Basic |
0.0530 |
|
0.1340 |
|
0.0260 |
|
|
0.4410 |
|
0.1100 |
|
Diluted |
0.0530 |
|
0.1340 |
|
0.0260 |
|
|
0.4410 |
|
0.1095 |
|
|
|
|
|
|
|
|
Weighted average
number of common shares used in calculating: |
|
|
|
|
|
|
Basic |
330,049,995 |
|
337,401,763 |
|
334,982,981 |
|
|
336,040,378 |
|
334,707,559 |
|
Diluted |
330,277,252 |
|
337,481,567 |
|
334,982,981 |
|
|
336,235,501 |
|
335,969,780 |
|
|
|
|
|
|
|
|
Weighted average
number of ADSs used in calculating: |
|
|
|
|
|
|
Basic |
66,009,999 |
|
67,480,353 |
|
66,996,596 |
|
|
67,208,076 |
|
66,941,512 |
|
Diluted |
66,055,450 |
|
67,496,313 |
|
66,996,596 |
|
|
67,247,100 |
|
67,193,956 |
|
CONTACT: Investor RelationsXunlei LimitedEmail:
ir@xunlei.comTel: +86 755 6111 1571Website:
http://ir.xunlei.com
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