Brace For Post-Earnings Impacts: CooTek (Cayman) Inc (NYSE:CTK)

CooTek (Cayman) Inc. (CTK) just recently stated unaudited monetary outcomes for the 2nd quarter ended June 30, 2019.

Shares of CooTek (Cayman) Inc (NYSE: CTK) closed the trading at a price of $5.48 with the positive/negative change of +1.11%. In the past session around 60,829 shares were exchanged versus the typical everyday trading volume of 40,266 shares. The stock touched to the maximum level of $5.65, and it reached the lower level of $5.38 in past session.

2nd Quarter 2019 Financial Highlights

Net earnings was US$ 37.6 M, a raise of 33% from US$ 28.4 Mduring the very same period in 2015.
Gross profit was US$ 33.6 M, a raise of 37% from US$ 24.5 Mduring the same period last year. Gross revenue margin was 89.4%, a raise of 2.9% year-over-year.
Bottom line was US$ 14.1 M, contrast to earnings US$ 2.1 Mduring the same period last year.
Adjusted net loss (Non-GAAP) was US$ 12.9 M, contrast to adjusted earnings (Non-GAAP) of US$ 2.8 Mduring the exact same period last year.

Second Quarter 2019 Operational Highlights

The typical daily active users (“DAUs”) of the Companys international items [2] were 171.3 M in June 2019 contrast to 132.7 M in June 2018, a raise of 29% year-over-year.
The average month-to-month active users (“MAUs”) of the Companys global products2 were 255.5 M in June 2019contrast to 193.9 M in June 2018, a raise of 32% year-over-year.
The typical DAUs of the Companys portfolio items [3] were 27.6 M in June 2019 contrast to 7.3 M in June 2018, a raise of 278% year-over-year.
The typical MAUs of the Companys portfolio products3 were 65.1 M in June 2019contrast to 22.2 M in June 2018, a raise of 193% year-over-year.
The user engagement of the Companys portfolio products in June 2019was about 42%, contrast to about 33% in June 2018 and about 39% in March 2019.
The average DAUs of TouchPal Smart Input were 143.7 M in June 2019contrast to 125.4 M in June 2018, a raise of 15% year-over-year.
The average MAUs of TouchPal Smart Input were 190.4 M in June 2019contrast to 171.7 M in June 2018, a raise of 11% year-over-year.
The user engagement of TouchPal Smart Input in June 2019was about 76%, contrast to about 73% in June 2018 and about 76% in March 2019.

The corporation has 62.88 million shares outstanding and 15.57 million shares were floated in market. The brief ratio in the businesss stock is recorded at 5.47 and the brief float is around of 1.43%. The typical true variety of the stock is observed at 0.43 and the relative strength index of the stock is tape-recorded at 33.87.

Mobile advertising revenue for the second quarter was US$ 36.7 M, a raise of 33% from US$ 27.6 M during the 2nd quarter of 2018 and a decrease of 7% from US$ 39.4 M last quarter. The year-over-year boost was mostly Because of the fast growth in the variety of DAUs of portfolio products and enhancement in user engagement.

Shares of CooTek (Cayman) Inc (NYSE: CTK) closed the trading at a cost of $5.48 with the positive/negative change of +1.11%. In the past session roughly 60,829 shares were exchanged versus the average daily trading volume of 40,266 shares. The corporation has 62.88 million shares outstanding and 15.57 million shares were drifted in market. The short ratio in the businesss stock is documented at 5.47 and the brief float is around of 1.43%. The typical real variety of the stock is observed at 0.43 and the relative strength index of the stock is taped at 33.87.

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Wayne Roberts

Wayne Roberts – Business News   I am Wayne Roberts, I have done my bachelor’s in English literature, and further on I did my master’s in business. My most preferred genre of writing is business and finance. I have been writing from the past 5 years about articles, web content, and blogs. In my career and education, I like to play along with work. I have also been a teacher in the past for 4 years. I use to teach business and technical writing in a very famous university. However, most recently I am working as an instructor, designer, and training writer. I enjoy socializing a lot. I am a very big extrovert when it comes to my nature. A part of all this I enjoy exploring the world and traveling make me happy.

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