Sizzling Stock Update: Jianpu Technology Inc. (NYSE:JT)

On 09 Sep 2019, Jianpu Technology Inc. (NYSE: JT) above/below +1.77% and ended at $+0.0500. The stock exchange capitalization came to $517.461 M and total traded volume was 231,339 shares. During last trade, its maximum trading cost was registered $2.9100 and its the minimum trading rate was noted $2.8000.

Jianpu Technology Inc (JT) recently reported its unaudited monetary results for the 2nd quarter ended June 30, 2019.

2nd Quarter 2019 Operational and Financial Highlights:

Credit card volume [1] was about 1.9 M in the 2nd quarter of 2019, representing a raise of about 18.8% from the exact same duration of 2018. The average cost per charge card increased to 52 ( US$ 15.52 [2] in the second quarter of 2019 from RMB99.43 in the same period of 2018. As a result, revenues for charge card [1] in the 2nd quarter of 2019 increased by 24.5% to RMB201.5 M ( US$ 29.4 M) from RMB161.8 M in the same duration of 2018. Profits from marketing and marketing services and other services increased by 26.1% to 3M( US$ 9.1 M) in the 2nd quarter of 2019 from RMB49.4 M in the same duration of 2018.

Six Months 2019 Operational and Financial Highlights:

On 09 Sep 2019, Jianpu Technology Inc. (NYSE: JT) above/below +1.77% and ended at $+0.0500. The stock market capitalization showed up at $517.461 M and overall traded volume was 231,339 shares. During last trade, its maximum trading rate was registered $2.9100 and its the minimum trading cost was noted $2.8000.

Overall earnings for the very first six months of 2019 increased by 23.1% to RMB1, 017.1 M(US$ 148.2 M) from 0M in the very same period of 2018.
Overall suggestion services earnings for the very first six months of 2019 increased by 20.7% to 8M(US$ 128.4 M) from RMB730.3 M in the very same duration of 2018.
Gross revenue increased by 30.5% to 8M(US$ 136.5 M) in the very first 6 months of 2019 from RMB717.6 M in the very same period of 2018.
Sales and marketing expenses (not including share-based payment) as a percentage of earnings had to do with 74.9% in the very first six months of 2019, contrast with about 81.8% for the very same period of 2018.
Net loss was 1M(US$ 9.6 M) in the very first 6 months of 2019, contrast with a net loss of RMB118.2 M in the exact same period of 2018. Bottom line margin was -6.5% in the first 6 months of 2019, improved from -14.3% in the very same duration of 2018.
Non-GAAP adjusted bottom line [3] was 5M (US$ 1.4 M) in the first six months of 2019, contrast with non-GAAP adjusted net loss of RMB48.3 M in the very same duration of 2018. Non-GAAP adjusted net margin [3] was -0.9% in the first 6 months of 2019, contrast with -5.8% in the very same period of 2018. JT is tape-recorded at 0.19 and the relative strength index of the stock stands 31.96. The stock cost is exceeding to its 52 week low with 5.11% and lagging behind from its 52 week high with -63.86%.

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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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