LAIX (LAIX) Tops Q4 EPS by 21c, Revenues Miss
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LAIX Inc. Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results
April 27, 2021 5:00 PM EDTSHANGHAI, April 27, 2021 /PRNewswire/ -- LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020Â Financial and Operating Highlights
Gross billings[1] for the fourth quarter of 2020 were RMB171.1 million (US$26.2 million), a 33.4% decrease from RMB257.1 million for the previous quarter and a 50.0% decrease from RMB341.9 million for the same quarter last year.... More