TuanChe Announces Unaudited First Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/1/2026
- Wall Street dips as higher yields, rising oil prices mark shaky start to SeptemberÂ
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- The Warsh pivot markets didn't expect
TuanChe (TC) Reports Q1 Loss of $0.02, Revenues Beat
July 2, 2020 6:05 AM EDTTuanChe (NASDAQ: TC) reported Q1 EPS of ($0.02). Revenue for the quarter came in at $1.4 million versus the consensus estimate of $1.29 million.
Key First Quarter 2020 Financial and Operating Metrics Compared with the Prior Year Period
The Company's financial and operational results for the first quarter of 2020 have been materially and adversely impacted by the COVID-19 pandemic:
Net revenues decreased by 92.1% to RMB9.7 million (US$1.4 million) from RMB122.9 million.Gross profit decreased by 93.6% to RMB5.7 million (US$0.8 million) from RMB88.9 million. Gross margin decreased to 58.6% from 72.4%.Quarterly number of... More