On Friday, shares of Gridsum Holding Inc – ADR (NASDAQ: GSUM) plunged -2.86% in trading session and finally closed at $1.87. The company most recent volume stood at 55.57K shares as compared to average volume of 28.09K shares. Over the one year trading period, the stock has a high price of $5.28 and its low price is recorded at $1.29.
The average true range of Gridsum Holding Inc.’s (GSUM) is recorded at 0.14 and the relative strength index of the stock stands 49.63. The stock price is going above to its 52 week low with 44.57% and lagging behind from its 52 week high with -64.68%. A look on the firm performance, its monthly performance is 9.71% and a quarterly performance of -11.19%. The stock price is trading downbeat from its 200 days moving average with -33.22% and down from 50 days moving average with -2.29%.
Gridsum Holding Inc – ADR (NASDAQ: GSUM), recently stated its unaudited financial results for the second quarter ended June 30, 2019.
Net revenues reduced by 38% to RMB69.7M (US$10.2M) from RMB112.4M in the comparable period of 2018.
Enterprise revenues reduced by 40% to RMB60.4M (US$8.8M) from RMB100.7M in the comparable period of 2018.
E-Government and other revenues reduced by 25% to RMB9.9M (US$1.4M) from RMB13.2M in the comparable period of 2018.
Cost of revenues was RMB19.9M (US$2.9M), contrast with RMB22.8M in the comparable period of 2018.
Gross profit reduced by 44% to RMB49.7M (US$7.2M) from RMB89.6M in the comparable period of 2018, while gross margin reduced to 71.4% from 79.7%.
Total operating expenses were RMB181.7M (US$26.5M), contrast with RMB203.3M in the comparable period of 2018.
- Sales and marketing expenses were RMB38.1M (US$5.6M), contrast with RMB40.1M in the comparable period of 2018. The decrease was primarily Because of a RMB4.0M decrease in staff and other costs, which was partially offset by a RMB1.0M increase in share-based compensation expenses.
- Research and development expenses were RMB87.9M (US$12.8M), contrast with RMB119.9M in the comparable period of 2018. The decrease primarily reflected the Company moving past the peak of front-end investment into its industrial AI and IIoT platforms.
- General and administrative expenses were RMB55.7M (US$8.1M), contrast with RMB43.3M in the comparable period of 2018. The increase was primarily Because of a RMB8.7M increase in share-based compensation expenses, a RMB5.4M increase in office leasing costs and a RMB5.3M increase in staff costs, which were partially offset by a RMB12.9M decrease in professional service fees.
Loss from operations was RMB132.0M (US$19.2M), contrast with RMB113.7M in the comparable period of 2018.
Net loss attributable to Gridsum’s ordinary shareholders was RMB123.5M (US$18.0M), contrast with RMB132.2M in the comparable period of 2018.
Loss before interest, income tax, depreciation and amortization was RMB119.6M (US$17.4M), contrast with RMB113.1M in the comparable period of 2018.
Adjusted loss before interest, income tax, depreciation and amortization, which excludes share-based compensation expenses, was RMB99.3M (US$14.5M), contrast with RMB104.0M in the comparable period of 2018.