DUBAI, UAE, Aug. 9, 2021 /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 second quarter ended
June 30, 2021.
Second Quarter Ended June 30,
2021 Financial and Operating Highlights
- Revenues were US$66.6
million in the second quarter of 2021, representing an
increase of 110.3% from the second quarter of 2020.
-
- Revenues generated from chatting services in the second quarter
of 2021 were US$50.6 million.
- Revenues generated from games services in the second quarter of
2021 were US$16.0 million.
- Net income was US$18.4
million in the second quarter and net margin was 27.6%,
representing an increase of 15.2% from the second quarter of
2020.
- Non-GAAP net income[1] was
US$32.1 million in the second
quarter, representing an increase of 101.4% from the second quarter
of 2020. Non-GAAP net margin was 48.2% in the second quarter of
2021.
- Average MAUs[2] increased by 77.0% to
22.1 million in the second quarter of 2021 from 12.5 million in the
second quarter of 2020.
- The number of paying users[3] on our
platform increased by 19.5% to 6.4 million in the second quarter of
2021 from 5.4 million in the second quarter of 2020.
[1]
Non-GAAP net income represents net income before share-based
compensation. Non-GAAP net income is a non-GAAP financial
measure. See the sections entitled "Non-GAAP Financial
Measures" and "Reconciliation of GAAP and Non-GAAP Results" for
more information about the non-GAAP measures referred to in this
press release.
|
[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 played a game or
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
press release 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
|
|
June 30,
2020
|
|
June 30,
2021
|
|
|
|
|
Average MAUs
(in thousands)
|
12,460
|
|
22,060
|
Yalla
|
4,835
|
|
8,374
|
Yalla Ludo
|
7,625
|
|
13,686
|
|
|
|
|
Paying users
(in thousands)
|
5,360
|
|
6,405
|
Yalla
|
1,080
|
|
1,104
|
Yalla Ludo
|
4,280
|
|
5,301
|
"We recorded another quarter of robust performance as we further
enriched our ecosystem and enhanced our monetization capabilities,"
said Mr. Yang Tao, Founder, Chairman
and Chief Executive Officer of Yalla. "Notably, we significantly
expanded our user community as we promoted brand awareness in MENA
with effective marketing campaigns targeting local culture,
resulting in a 77.0% year-over-year increase in our group's MAUs to
US$22.1 million in this quarter. We
officially launched our new products, Yalla Parchis and 101 Okey
Yalla, in South America and
Turkey, both have already been
receiving positive feedback from the market and topped app
rankings. Our increasing popularity with users assures us that we
have our fingers on the pulse of the market, and drives us to
develop new products, while we continue to provide best-in-class
products and services tailored to the needs and preferences of MENA
users."
"We are also excited and honored to have been selected as a
partner in the UAE government's recently-unveiled National Program
for Coders. As the first UAE-based technology unicorn to be listed
in the U.S., Yalla is deeply committed to spearheading and
contributing to the development of the nation's digital economy.
Yalla's close collaboration with the local community not only
demonstrates our commitment to driving the digital economy in MENA,
but also demonstrates our credibility as a local partner. Going
forward, we will continue to elevate the Yalla brand and expand our
reach in the local community. Simultaneously, we are confident that
the vigorous synergies of our product matrix will promote Yalla's
booming ecosystem," Mr. Yang concluded.
"We once again delivered strong financial results despite a
slight impact from the Ramadan holiday in the second quarter, as we
remain committed to our long-term growth strategy," said Ms.
Karen Hu, Chief Financial Officer of
Yalla. "Our revenues increased by 110.3% year-over-year to
US$66.6 million, a testament to our
distinct ability to prioritize local user's desires and local
community development. Non-GAAP net income for the second quarter
reached US$32.1 million, more than
doubling from the same period last year. We also maintained
impressive profitability in the second quarter, as indicated by our
stable non-GAAP net margin of 48.2%. We believe that our innovative
business model, high profitability as well as ample cash reserves
position us well to achieve our goal of becoming the most popular
online social networking and entertainment platform in MENA.
Second Quarter 2021 Financial Results
Revenues
Our revenues were US$66.6 million
in the second quarter of 2021, a 110.3% increase from US$31.7 million in the second quarter of 2020.
The increase was primarily driven by the widening of Yalla's and
Yalla Ludo's user base and the enhancement in Yalla Group's
monetization capability. Our average MAUs increased by 77.0% from
12.5 million in the second quarter of 2020 to 22.1 million in the
second quarter of 2021. Another primary contributor to our solid
revenues growth was the significant growth in the number of paying
users, which increased from 5.4 million in the second quarter of
2020 to 6.4 million in the second quarter of 2021.
In the second quarter of 2021, our revenues generated from
chatting services were US$50.6
million and our revenues generated from the games services
were US$16.0 million.
Costs and expenses
Our total costs and expenses were US$47.8
million in the second quarter of 2021, compared with
US$15.6 million in the second quarter
of 2020. The increase was primarily due to our expanding business
scale and the recognition of share-based compensation
of US$13.8 million.
Our cost of revenues was US$23.8
million in the second quarter of 2021, compared with
US$10.4 million in the second quarter
of 2020.The increase was mainly driven by (i) share-based
compensation expenses of US$1.7
million recognized for the second quarter of 2021, and (ii)
other components of cost of revenues of US$22.1 million for the second quarter of 2021, a
112.1% increase from US$10.4 million
for the second quarter of 2020, which was primarily due to an
increase in commission fee for third-party payment platforms
resulted from our expanding business scale. Other components of
cost of revenues as a percentage of our total revenues remained
relatively stable at 33.2% in the second quarter of 2021, compared
with 32.9% in the same period in 2020.
Our selling and marketing expenses were US$9.8 million in the second quarter of 2021,
compared with US$2.7 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$3.2
million recognized for the second quarter of 2021, and (ii)
other components of selling and marketing expenses of US$6.6 million for the second quarter of 2021, a
139.8% increase from US$2.7 million
for the same quarter last year, which was primarily due to higher
advertising and market promotion expenses led by our continued user
acquisition efforts. As a result of these reasons, other components
of selling and marketing expenses as a percentage of our total
revenues increased from 8.6% in the second quarter of 2020 to 9.8%
in the same period in 2021.
Our general and administrative expenses were US$11.1 million in the second quarter of 2021,
compared with US$1.4 million in the
same period last year. The increase was mainly driven by (i)
share-based compensation expenses of US$8.7
million recognized for the second quarter of 2021, and (ii)
other components of general and administrative expenses of
US$2.4 million for the second quarter
of 2021, a 72.0% increase from US$1.4
million for the same quarter last year, which was primarily
due to 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. Other components of
general and administrative expenses as a percentage of our total
revenues decreased from 4.4% in the second quarter of 2020 to 3.6%
in the second quarter of 2021 due to economies of scale.
Our technology and product development expenses were
US$3.2 million in the second quarter
of 2021, 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$0.1
million recognized for the second quarter of 2021, and (ii)
other components of technology and product development expenses of
US$3.1 million for the second quarter
of 2021, a 192.7% increase from US$1.0
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, which was in turn driven by an expansion
of our technology and product development staff due to our
increased investment in new products and services. As a result of
these reasons, other components of technology and product
development expenses as a percentage of our total revenues also
increased from 3.3% in the second quarter of 2020 to 4.6% in the
same period of 2021.
Operating income
Operating income was US$18.8
million in the second quarter of 2021, compared with an
operating income of US$16.1 million
in the second quarter of 2020.
Non-GAAP operating income[4]
Non-GAAP operating income (which excluded share-based
compensation expenses) for the second quarter of 2021 was
US$32.5 million, a 102.1% increase
from US$16.1 million for the same
quarter last year.
[4] Non-GAAP operating income
represents operating income before share-based compensation.
Non-GAAP operating income is a non-GAAP financial measure. See the
sections entitled "Non-GAAP Financial Measures" and "Reconciliation
of GAAP and Non-GAAP Results" for more information about the
non-GAAP measures referred to in this press release.
|
Income tax expense
Our income tax expense was US$0.38
million in the second quarter of 2021, compared with
US$0.23 million in the second quarter
of 2020.
Net income
As a result of the foregoing, our net income was US$18.4 million in the second quarter of 2021,
compared with net income of US$16.0
million in the second quarter of 2020.
Non-GAAP net
income[5]
Non-GAAP net income (which excluded share-based compensation
expenses) for the second quarter of 2021 was US$32.1 million, a 101.4% increase from
US$16.0 million for the same quarter
last year.
[5]
Non-GAAP net income represents net income before share-based
compensation. Non-GAAP net income is a non-GAAP financial measure.
See the sections entitled "Non-GAAP Financial Measures" and
"Reconciliation of GAAP and Non-GAAP Results" for more information
about the non-GAAP measures referred to in this press
release.
|
Net income per share
Basic and diluted net income per ordinary share were
US$0.12 and US$0.10 for the second quarter of 2021, while
basic and diluted net income per ordinary share were both
US$0.12 in the same period of
2020.
Non-GAAP net income per ordinary
share[6]
Non-GAAP basic and diluted net income per ordinary share were
US$0.22 and US$0.18 respectively for the second quarter of
2021, compared to US$0.12 for both in the same period of
2020.
[6] Non-GAAP net income per ordinary
share is non-GAAP net income attributable to ordinary shareholders
of Yalla Group Limited, divided by weighted average number of basic
and diluted share outstanding. Non-GAAP net income per share is a
non-GAAP financial measure. See the sections entitled "Non-GAAP
Financial Measures" and "Reconciliation of GAAP and Non-GAAP
Results" for more information about the non-GAAP measures referred
to in this press release.
|
Cash and cash equivalents
As of June 30, 2021, we had cash
and cash equivalents of US$292.4
million, as compared to cash and cash equivalents of
US$261.7 million as of March 31, 2021.
Share Repurchase Program
Pursuant to the 2021 Share Repurchase Program announced on
May 21, 2021, the company has
repurchased 441,931 American depositary shares ("ADSs")
representing 441,931 Class A ordinary shares from the open market
with cash for an aggregate amount of approximately US$8.29 million, as of June 30, 2021.
Outlook
For the third quarter of 2021, the management of the Company
currently expects revenues to be between US$67.0 million and US$72.0 million, which would represent an
increase of approximately 98.1% to 112.9% from US$33.8 million for the third quarter of
2020.
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, August 9, 2021 at
8:00 P.M. U.S. Eastern Time or
Tuesday, August 10, 2021 at
8:00 A.M. Beijing/Hong
Kong time.
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:
|
8745192
|
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
August 16, 2021, by dialing the
following telephone numbers:
United States Toll
Free:
|
+1-877-344-7529
|
International:
|
+1-412-317-0088
|
Access
Code:
|
10159254
|
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, namely non-GAAP operating
income, non-GAAP net income, non-GAAP net margin 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 excluding share-based compensation.
Non-GAAP net margin is non-GAAP net income as a
percentage of total net revenues. We define non-GAAP net income
attributable to ordinary shareholders as net income attributable to
ordinary shareholders excluding share-based compensation. We define
non-GAAP net income per ordinary share as non-GAAP net income
attributable to ordinary shareholders of Yalla Group Limited,
divided by weighted average number of basic and diluted share
outstanding.
By excluding the impact of share-based compensation expenses,
which are non-cash charges, 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. Investors can better understand
the Company's operating and financial performance, compare business
trends among different reporting periods on a consistent basis and
assess its core operating results, as they exclude share-based
compensation expenses, which are not expected to result in cash
payments. 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 compensates for these limitations by providing the
relevant disclosure of its non-GAAP financial measures in the
reconciliations to the nearest U.S. GAAP performance measures, 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 GAAP and non-GAAP results is set forth at the
end of this press 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
Kerry 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,
2020
|
June 30,
2021
|
|
|
US$
|
US$
|
ASSETS
|
|
|
|
Current
assets
|
|
|
|
Cash and cash
equivalents
|
|
236,883,282
|
292,365,881
|
Short-term
investments
|
|
766,295
|
3,806,708
|
Prepayments and other
current assets
|
|
15,725,424
|
26,313,025
|
Total current
assets
|
|
253,375,001
|
322,485,614
|
Non-current assets
|
|
|
|
Property and
equipment, net
|
|
1,241,756
|
1,605,971
|
Other
assets
|
|
-
|
200,000
|
Total
assets
|
|
254,616,757
|
324,291,585
|
LIABILITIES
|
|
|
|
Current
liabilities
|
|
|
|
Accounts
payable
|
|
1,573,784
|
2,553,079
|
Deferred
revenue
|
|
13,359,827
|
20,388,186
|
Accrued expenses and
other current liabilities
|
|
6,148,486
|
9,760,614
|
Total current
liabilities
|
|
21,082,097
|
32,701,879
|
Total
liabilities
|
|
21,082,097
|
32,701,879
|
SHAREHOLDERS'
EQUITY
|
|
|
|
Class A Ordinary
Shares
|
|
11,920
|
12,230
|
Class B Ordinary
Shares
|
|
2,473
|
2,473
|
Treasury
stock
|
|
-
|
(8,287,432)
|
Additional paid-in
capital
|
|
220,623,005
|
248,771,384
|
Accumulated other
comprehensive income
|
|
373,989
|
356,773
|
Retained
earnings
|
|
12,523,273
|
50,734,278
|
Total
shareholders' equity
|
|
233,534,660
|
291,589,706
|
Total liabilities
and shareholders' equity
|
|
254,616,757
|
324,291,585
|
YALLA GROUP
LIMITED
|
|
|
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
Six Months
Ended
|
|
|
|
|
June 30,
2020
|
March
31, 2021
|
June 30,
2021
|
June 30,
2020
|
June 30,
2021
|
|
|
US$
|
US$
|
US$
|
US$
|
US$
|
Revenues
|
|
31,683,103
|
67,649,094
|
66,620,081
|
52,757,627
|
134,269,175
|
Costs and
expenses
|
|
|
|
|
|
|
Cost of
revenues
|
|
(10,421,682)
|
(24,000,472)
|
(23,801,291)
|
(17,233,344)
|
(47,801,763)
|
Selling and marketing
expenses
|
|
(2,723,798)
|
(8,359,404)
|
(9,759,209)
|
(5,547,460)
|
(18,118,613)
|
General and
administrative expenses
|
|
(1,392,368)
|
(11,713,739)
|
(11,097,857)
|
(2,733,843)
|
(22,811,596)
|
Technology and
product development
expenses
|
|
(1,037,108)
|
(3,342,559)
|
(3,167,186)
|
(1,888,164)
|
(6,509,745)
|
Total costs and
expenses
|
|
(15,574,956)
|
(47,416,174)
|
(47,825,543)
|
(27,402,811)
|
(95,241,717)
|
Operating
income
|
|
16,108,147
|
20,232,920
|
18,794,538
|
25,354,816
|
39,027,458
|
Interest
income
|
|
76,955
|
8,845
|
27,622
|
166,932
|
36,467
|
Government
grant
|
|
-
|
13,809
|
-
|
85,325
|
13,809
|
Investment income
(loss)
|
|
4,661
|
2,162
|
(61,109)
|
8,101
|
(58,947)
|
Income before
income taxes
|
|
16,189,763
|
20,257,736
|
18,761,051
|
25,615,174
|
39,018,787
|
Income tax
expense
|
|
(234,729)
|
(427,972)
|
(379,810)
|
(420,542)
|
(807,782)
|
Net
income
|
|
15,955,034
|
19,829,764
|
18,381,241
|
25,194,632
|
38,211,005
|
Accretion of
redeemable
convertible preferred shares
|
|
(523,602)
|
-
|
-
|
(1,035,458)
|
-
|
Dividends
distributed to
redeemable convertible
preferred shareholders
|
|
(3,704,083)
|
-
|
-
|
(3,704,083)
|
-
|
Net income
attributable to ordinary
shareholders
|
|
11,727,349
|
19,829,764
|
18,381,241
|
20,455,091
|
38,211,005
|
YALLA GROUP
LIMITED
|
|
|
|
|
UNAUDITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(CONTINUED)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
June 30,
2020
|
|
March
31, 2021
|
|
June 30,
2021
|
|
June 30,
2020
|
|
June 30,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
Net
income per ordinary share
|
|
|
|
|
|
|
|
|
|
|
|
--Basic
|
|
0.12
|
|
0.13
|
|
0.12
|
|
0.19
|
|
0.26
|
|
--Diluted
|
|
0.12
|
|
0.11
|
|
0.10
|
|
0.19
|
|
0.21
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
number of
ordinary shares and ordinary shares
equivalents outstanding used in
computing earnings per ordinary
share
|
|
|
|
|
|
|
|
|
|
|
|
--Basic
|
|
73,393,941
|
|
147,319,197
|
|
148,250,483
|
|
73,393,941
|
|
147,784,840
|
|
--Diluted
|
|
73,393,941
|
|
180,045,126
|
|
182,412,439
|
|
73,393,941
|
|
181,228,782
|
|
|
|
|
|
|
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
|
|
Six Months
Ended
|
|
|
|
June 30,
2020
|
|
March
31, 2021
|
|
June 30,
2021
|
|
June 30,
2020
|
|
June 30,
2021
|
|
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
-
|
|
1,709,574
|
|
1,692,114
|
|
-
|
|
3,401,688
|
|
Selling and marketing
expenses
|
|
-
|
|
3,228,042
|
|
3,228,042
|
|
-
|
|
6,456,084
|
|
General and
administrative expenses
|
|
-
|
|
8,703,866
|
|
8,703,238
|
|
-
|
|
17,407,104
|
|
Technology and
product development
expenses
|
|
-
|
|
133,831
|
|
131,784
|
|
-
|
|
265,615
|
|
YALLA GROUP
LIMITED
|
RECONCILIATIONS OF
GAAP AND NON-GAAP RESULTS
|
|
|
|
Three Months
Ended
|
|
Six Months
Ended
|
|
|
June 30,
2020
|
March
31, 2021
|
June 30,
2021
|
|
June 30,
2020
|
June 30,
2021
|
|
|
US$
|
US$
|
US$
|
|
US$
|
US$
|
|
|
|
|
|
|
|
|
Operating
income
|
|
16,108,147
|
20,232,920
|
18,794,538
|
|
25,354,816
|
39,027,458
|
Share-based
compensation expenses
|
|
-
|
13,775,313
|
13,755,178
|
|
-
|
27,530,491
|
Non-GAAP operating
income
|
|
16,108,147
|
34,008,233
|
32,549,716
|
|
25,354,816
|
66,557,949
|
|
|
|
|
|
|
|
|
Net income
|
|
15,955,034
|
19,829,764
|
18,381,241
|
|
25,194,632
|
38,211,005
|
Share-based
compensation expenses
|
|
-
|
13,775,313
|
13,755,178
|
|
-
|
27,530,491
|
Non-GAAP
net income
|
|
15,955,034
|
33,605,077
|
32,136,419
|
|
25,194,632
|
65,741,496
|
|
|
|
|
|
|
|
|
Net income
attributable to ordinary
shareholders
|
|
11,727,349
|
19,829,764
|
18,381,241
|
|
20,455,091
|
38,211,005
|
Share-based
compensation expenses
|
|
-
|
13,775,313
|
13,755,178
|
|
-
|
27,530,491
|
Non-GAAP
net income attributable
to ordinary shareholders
|
|
11,727,349
|
33,605,077
|
32,136,419
|
|
20,455,091
|
65,741,496
|
|
|
|
|
|
|
|
|
Non-GAAP
net income per ordinary
share
|
|
|
|
|
|
|
|
--Basic
|
|
0.12
|
0.23
|
0.22
|
|
0.19
|
0.44
|
--Diluted
|
|
0.12
|
0.19
|
0.18
|
|
0.19
|
0.36
|
|
|
|
|
|
|
|
|
Weighted average
number of
ordinary shares and ordinary shares
equivalents outstanding used in
computing earnings per ordinary
share
|
|
|
|
|
|
|
|
--Basic
|
|
73,393,941
|
147,319,197
|
148,250,483
|
|
73,393,941
|
147,784,840
|
--Diluted
|
|
73,393,941
|
180,045,126
|
182,412,439
|
|
73,393,941
|
181,228,782
|
View original
content:https://www.prnewswire.com/news-releases/yalla-group-limited-announces-unaudited-second-quarter-2021-financial-results-301351120.html
SOURCE Yalla Group Limited