{"id":464750,"date":"2021-03-25T00:16:28","date_gmt":"2021-03-25T04:16:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464750"},"modified":"2021-03-25T00:16:28","modified_gmt":"2021-03-25T04:16:28","slug":"cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\/","title":{"rendered":"CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SHANGHAI<\/span>, <span class=\"xn-chron\">March 25, 2021<\/span> \/PRNewswire\/ &#8212; CooTek (Cayman) Inc. (NYSE: CTK) (&#8220;CooTek&#8221; or the &#8220;Company&#8221;), a fast-growing global mobile internet company, today reported unaudited financial results for the fourth quarter and full year ended <span class=\"xn-chron\">December 31, 2020<\/span>.<\/p>\n<p>\n        <b>Fourth Quarter 2020 Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Net revenue was <span class=\"xn-money\">US$102.4 million<\/span>, an increase of 48% from <span class=\"xn-money\">US$69.0 million<\/span> during the same period last year. <\/li>\n<li>Gross profit was <span class=\"xn-money\">US$95.4 million<\/span>, an increase of 46% from <span class=\"xn-money\">US$65.1 million<\/span> during the same period last year. <\/li>\n<li>Gross profit margin was 93.1%, compared with 94.4% during the same period last year. <\/li>\n<li>Net loss was <span class=\"xn-money\">US$18.8 million<\/span>, compared with net loss <span class=\"xn-money\">US$6.6 million<\/span> during the same period last year. <\/li>\n<li>Adjusted net loss[1] (Non-GAAP) was <span class=\"xn-money\">US$17.3 million<\/span>, compared with adjusted net loss (Non-GAAP) of <span class=\"xn-money\">US$6.2 million<\/span> during the same period last year. <\/li>\n<li>The Company&#8217;s Portfolio Products[2] contributed approximately 99% of total revenues, with a focus on three main categories: online literature, scenario-based content apps, and casual games. <\/li>\n<\/ul>\n<p>\n        <b>Full Year 2020 Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Net revenue was <span class=\"xn-money\">US$441.5 million<\/span>, an increase of 148% from <span class=\"xn-money\">US$177.9 million<\/span> in 2019. <\/li>\n<li>Gross profit was <span class=\"xn-money\">US$417.4 million<\/span>, an increase of 157% from <span class=\"xn-money\">US$162.6 million<\/span> in 2019. <\/li>\n<li>Gross profit margin was 94.5%, compared with 91.4% in 2019. <\/li>\n<li>Net loss was <span class=\"xn-money\">US$47.4 million<\/span>, compared with net loss of <span class=\"xn-money\">US$36.8 million<\/span> last year. <\/li>\n<li>Adjusted net loss (Non-GAAP) was <span class=\"xn-money\">US$42.0 million<\/span>, compared with adjusted net loss (Non-GAAP) of <span class=\"xn-money\">US$33.2 million<\/span> in 2019.<\/li>\n<\/ul>\n<p>\n        <b><br \/>\n          <span class=\"xn-chron\">December 2020<\/span> Operational Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>Average daily active users (&#8220;DAUs&#8221;) of the Company&#8217;s portfolio products were 27.8 million, an increase of 13% from 24.7 million in <span class=\"xn-chron\">December 2019<\/span>. Monthly active users (&#8220;MAUs&#8221;) of the Company&#8217;s portfolio products were 85.8 million, an increase of 15% from 74.6 million in <span class=\"xn-chron\">December 2019<\/span>. <\/li>\n<li>Average DAUs of the Company&#8217;s online literature products were 10.2 million, increased significantly from 4.8 million in <span class=\"xn-chron\">December 2019<\/span>. MAUs of the Company&#8217;s online literature products were 29.5 million, increased significantly from 19.3 million in <span class=\"xn-chron\">December 2019<\/span>. The average daily reading time[3] of the key product Fengdu Novel&#8217;s users was approximately 130 minutes in <span class=\"xn-chron\">December 2020<\/span>, which was stable compared with 130 minutes in <span class=\"xn-chron\">September 2020<\/span>. <\/li>\n<li>Average DAUs of the Company&#8217;s TouchPal Smart Input were 125.3 million. MAUs of the Company&#8217;s TouchPal Smart Input were 162.8 million. <\/li>\n<\/ul>\n<div>\n<table id=\"convertedTable4570\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">[1]\u00a0&#8220;Adjusted net income (loss)&#8221; (Non-GAAP) is a non-GAAP measure, which is defined as net income (loss) excluding share-based compensation related to share options and restricted share units. For further information, please see &#8220;Non-GAAP Financial Measures&#8221; and &#8220;Reconciliations of GAAP and non-GAAP results&#8221; at the bottom of this release.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">[2]\u00a0&#8220;Portfolio Products&#8221; is to the mobile applications that we develop and provide to our users and business partners, which exclude TouchPal Smart Input and TouchPal Phonebook.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>&#8220;We are pleased to conclude the year of 2020 with our revenue reaching <span class=\"xn-money\">US$442 million<\/span> representing the growth of 148% compared to 2019,&#8221; commented Mr. <span class=\"xn-person\">Karl Zhang<\/span>, CooTek&#8217;s Chairman. &#8220;Through a full year&#8217;s dedicated execution and driven by our long-term vision of building a global pan-entertainment content ecosystem, we have continued our strategic upgrade to a content-rich product portfolio. While keeping the scale of our scenario-based content apps since our IPO, we have successfully developed our online literature and casual games business which respectively contributed 38% and 37% to the total revenue in 2020.&#8221;<\/p>\n<p>&#8220;In particular for Fengdu Novel which emerged rapidly and consistently ranked the 3rd in terms of MAUs in the free online literature market in China[4]\u00a0in 2020, we have been enriching our content resources by efficiently increasing the number of the signed authors and the third-party content partners targeting at further improving user stickiness. At the same time, we have also advanced our monetization capabilities to create additional growth momentum for the group. As a result, the average DAUs of Fengdu Novel in <span class=\"xn-chron\">December 2020<\/span> recorded a year-over-year growth of around 106% and revenues of Fengdu Novel in 2020 increased significantly by approximately 360% compared with 2019. In addition, we achieved a significant milestone in the development of our overseas online literature business.&#8221;<\/p>\n<p>&#8220;Moving forward in 2021, our key strategic initiatives include: 1. Growing Fengdu Novel by improving interactive and quality user experience and cultivating a more engaging and attractive community. 2. Optimizing our casual games products by strengthening internal development and third-party investments and partnerships. 3. Expediting overseas market expansion with our core strength built in the online literature segment. 4. Upgrading our monetization capabilities by exploring paid content, e-commerce and IP asset adaptation. For the fiscal year of 2021, total revenue is expected to continuously grow, with important enhancement of profitability.&#8221;<\/p>\n<p>Mr. <span class=\"xn-person\">Robert Cui<\/span>, CooTek&#8217;s CFO further commented, &#8220;Our steady growth strategy of the pan-entertainment content ecosystem has been demonstrated by our robust growth in our user base and revenue in 2020. As our business scale reached a new high on a yearly basis, we are confident that our commitment will further contribute to the continuous enhancement of our product portfolio. We are encouraged to see that our Fengdu Novel delivered solid business growth in the fourth quarter of 2020 with the sequential Average Revenue Per User (&#8220;ARPU&#8221;) growth of 22% and revenue growth of 28% reflecting the upgraded monetization strategy. At the same time, we have been committed to deliver a balanced financial approach by improving the overall operating leverage. Looking at 2021, we are committed to executing our well-structured dedicated growth plan focused on continuously delivering revenue growth and steadily achieving profitability.&#8221;<\/p>\n<div>\n<table id=\"convertedTable53bd\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">[3]\u00a0&#8220;Average daily reading time&#8221; for any day is calculated by dividing (i) the sum of time spent on reading books on our Fengdu Novel for such day, by (ii) the number of Fengdu Novel users who spent time on reading books for such day. The average daily reading time for any month is calculated by dividing (i) the sum of average daily reading time for each day in such month, by (ii) the number of days in such month.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">[4]\u00a0\u00a0According to Quest Mobile, a professional business intelligence services provider in China&#8217;s mobile internet market.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(in millions)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"7\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Portfolio Products<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Portfolio Products<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>Including: Online literature<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">DAUs<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prnsbts prnsbr1 prnvab prnsbbs prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">MAUs<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>DAUs<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>MAUs<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dec&#8217; 18<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16.9<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">46.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>&#8211;<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen10\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mar&#8217; 19<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59.8<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>0.3<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>0.9<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Jun&#8217; 19<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">65.1<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>0.3<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>1.6<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sep&#8217; 19<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23.9<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">67.5<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>2.0<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>11.0<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dec&#8217; 19<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24.7<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">74.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>4.8<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>19.3<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mar&#8217; 20<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25.2<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">89.2<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>7.3<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>29.1<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Jun&#8217; 20<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">23.9<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">83.5<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>8.1<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>28.4<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sep&#8217; 20<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27.7<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">94.8<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>10.0<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>29.5<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dec&#8217; 20<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27.8<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">85.8<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>10.2<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>29.5<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Fourth Quarter 2020 Financial Results<\/b>\n      <\/p>\n<p>\n        <b>Net Revenues<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in US$ thousands, except percentage)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4Q 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3Q 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4Q 2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>QoQ % Change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>YoY % Change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mobile Advertising Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">101,347<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">104,842<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">68,465<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen33 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">48%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Other Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,093<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">815<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">519<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">34%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">111%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Total Net Revenues<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102,440<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">105,657<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">68,984<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen34 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen34 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">48%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Net revenues<\/b>\u00a0were <span class=\"xn-money\">US$102.4 million<\/span>, an increase of 48% from <span class=\"xn-money\">US$69.0 million<\/span> during the fourth quarter of 2019 and a decrease of 3% from <span class=\"xn-money\">US$105.7 million<\/span> last quarter. The increase was primarily due to an increase in mobile advertising revenue.<\/p>\n<p>\n        <b>Mobile advertising revenue<\/b>\u00a0was <span class=\"xn-money\">US$101.3 million<\/span>, an increase of 48% from <span class=\"xn-money\">US$68.5 million<\/span> during the fourth quarter of 2019 and a decrease of 3% from <span class=\"xn-money\">US$104.8 million<\/span> last quarter. <\/p>\n<p>Our portfolio products focus on three categories: online literature, scenario-based content apps and casual games. Online literature accounted for approximately 47%, scenario-based content apps accounted for approximately 24%, and casual games accounted for approximately 28% of total net revenue.<\/p>\n<p>\n        <b>Cost and Operating Expenses<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen20\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4Q 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>3Q 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>4Q 2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td rowspan=\"2\" nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>QoQ % <br \/>Change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td rowspan=\"2\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>YoY %<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in US$ thousands, except percentage)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td class=\"prngen20\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen20\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen21\">\n              \n            <\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Cost of revenues<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,072<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,784<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,866<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">83%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales and marketing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">101,985<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">100%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">107,842<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">63,495<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">92%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">61%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Research and development <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6,516<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8,204<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,738<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">General and administrative <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,873<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,707<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,752<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">41%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Other operating loss (income), net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,047<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen25\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,064<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbbs prntar prnpl6 prnsblb0\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(644)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen26\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">92%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen28\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(418)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Cost and Expenses<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>121,493<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>119%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>127,601<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>121%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>75,207<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>109%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbbd prntar prnpl6 prnsblb0 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" class=\"prngen22\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Share-based compensation expenses by function<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<td class=\"prngen32\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Cost of revenues<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">78<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">75<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">200%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales and marketing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">45<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(25)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen24\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Research and development <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">876<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">815<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">242<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">262%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">General and administrative <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">533<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">492<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen19\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">133<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen23\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">301%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen22\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total share-based compensation expenses<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,531<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1.5%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1,441<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>1.5%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen29\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>446<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.7%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen30\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">243%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Cost of revenues<\/b>\u00a0was <span class=\"xn-money\">US$7.1 million<\/span>, an 83% increase from <span class=\"xn-money\">US$3.9 million<\/span> during the same period last year, and a 4% increase from <span class=\"xn-money\">US$6.8 million<\/span> last quarter. The year-over-year increase was mainly due to an increase in operational and maintenance-related expenses associated with the Company&#8217;s expanding business. The slightly sequential increase was primarily due to an increase in content costs paid to freelancers and third-party content distributors, and was partially offset by decline in depreciation and amortization expense.<\/p>\n<p>\n        <b>Gross profit <\/b>was <span class=\"xn-money\">US$95.4 million<\/span>, a 46% increase from <span class=\"xn-money\">US$65.1 million<\/span> during the same period last year, and a decrease of 4% from <span class=\"xn-money\">US$98.9 million<\/span> last quarter. <b>Gross profit margin <\/b>was 93.1%, compared with 94.4% in the same period last year and 93.6% last quarter.<\/p>\n<p>\n        <b>Sales and marketing expenses <\/b>were <span class=\"xn-money\">US$102.0 million<\/span>, an increase of 61% from <span class=\"xn-money\">US$63.5 million<\/span> during the same period last year, and a decrease of 5% from <span class=\"xn-money\">US$107.8 million<\/span> last quarter. As a percentage of total revenue, sales and marketing expenses accounted for 100%, compared with 92% during the same period last year, and 102% last quarter. The year-over-year increase in sales and marketing expenses as a percentage of total net revenue was primarily due to increased investment in user acquisition that was in line with the Company&#8217;s expanding business. The slightly decrease compared with last quarter was primarily due to decreased investment in user acquisition that was in line with the net revenues.<\/p>\n<p>\n        <b>Research and development expenses<\/b>\u00a0were <span class=\"xn-money\">US$6.5 million<\/span>, an increase of 14% from <span class=\"xn-money\">US$5.7 million<\/span> during the same period last year and a decrease of 21% from <span class=\"xn-money\">US$8.2 million<\/span> last quarter. The year-over-year increase was primarily due to an increase in costs associated with technology R&amp;D staff and share-based compensation expenses. As a percentage of total net revenue, research and development expenses accounted for 6%, compared with 8% during the same period last year and 8% last quarter.<\/p>\n<p>\n        <b>General and administrative expenses <\/b>were <span class=\"xn-money\">US$3.9 million<\/span>, an increase of 41% from <span class=\"xn-money\">US$2.8 million<\/span> during the same period last year and an increase of 4% from <span class=\"xn-money\">US$3.7 million<\/span> last quarter. The sequential and year-over-year increases were mainly due to an increase in costs associated with G&amp;A staff and share-based compensation. As a percentage of total net revenue, general and administrative expenses accounted for 4%, compared with 4% during the same period last year and 4% during last quarter.<\/p>\n<p>\n        <b>Other operating loss, net<\/b>\u00a0was <span class=\"xn-money\">US$2.0 million<\/span>, compared with other operating income, net <span class=\"xn-money\">US$0.6 million<\/span> during the same period last year and other operating loss, net <span class=\"xn-money\">US$1.1 million<\/span> last quarter. The other operating loss during this quarter mainly includes accrued liabilities of <span class=\"xn-money\">US$2.0 million<\/span> to an ongoing investigation related in an alleged misconduct of certain customers. <\/p>\n<p>\n        <b>Net loss<\/b>\u00a0was <span class=\"xn-money\">US$18.8 million<\/span>, compared with net loss of <span class=\"xn-money\">US$6.6 million<\/span> during the same period last year and a net loss of <span class=\"xn-money\">US$22.0 million<\/span> last quarter.<\/p>\n<p>\n        <b>Adjusted net <\/b><br \/>\n        <b>loss<\/b>\u00a0was <span class=\"xn-money\">US$17.3 million<\/span>, compared with adjusted net loss of <span class=\"xn-money\">US$6.2 million<\/span> in the same period last year and adjusted net loss of <span class=\"xn-money\">US$20.5 million<\/span> last quarter. The sequential narrowing of the adjusted net loss was mainly due to sales and marketing expenses as a percentage of total revenue decreased. <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>In US$ thousands, except percentage<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>4Q 2020<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>3Q 2020<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>4Q 2019<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>QoQ % Change<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>YoY % change<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net Loss<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(18,784)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,964)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,646)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(14)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">183%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Add: Share-based Compensation\u00a0related to share options and restricted share units<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,531<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,441<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">446<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">6%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">243%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted Net Loss (Non-GAAP)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,253)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,523)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,200)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen17\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(16)%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">178%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Basic and diluted net loss per ADS were <span class=\"xn-money\">US$0.31<\/span> and <span class=\"xn-money\">US$0.31<\/span>, and basic and diluted Adjusted net loss (Non-GAAP) per ADS were <span class=\"xn-money\">US$0.28<\/span> and <span class=\"xn-money\">US$0.28<\/span>.<\/p>\n<p>\n        <b>Balance Sheet and Cash Flows<\/b>\n      <\/p>\n<p>As of <span class=\"xn-chron\">December 31, 2020<\/span>, cash, cash equivalents and restricted cash were <span class=\"xn-money\">US$49.6 million<\/span>, compared with <span class=\"xn-money\">US$61 million<\/span> as of <span class=\"xn-chron\">September 30, 2020<\/span>. As of <span class=\"xn-chron\">December 31, 2020<\/span>, restricted cash were <span class=\"xn-money\">US$25.0 million<\/span>, mainly consisting of amount of <span class=\"xn-money\">US$3.1 million<\/span> held in Group&#8217;s bank account as guarantee deposit for loan facility provided by the bank and long term restricted cash of <span class=\"xn-money\">US$21.7 million<\/span> held in Group&#8217;s bank accounts which were frozen by a local authority in connection with an ongoing investigation related to an alleged illegal act of certain customers. The Company is still in the process of cooperating with the relevant authority on such investigation and expect the funds to be released upon the completion of such investigation, the timing of which is out of the Company&#8217;s control.<\/p>\n<p>Net cash outflow from operating activities during the fourth quarter of 2020 was <span class=\"xn-money\">US$6.8 million<\/span>, compared with net cash inflow from operating activities of <span class=\"xn-money\">US$3.2 million<\/span> for the same period in 2019 and net cash outflow from operating activities of <span class=\"xn-money\">US$14.4 million<\/span> during the last quarter. Cash outflow from operating activities during the fourth quarter of 2020 was mainly due to loss from operations.<\/p>\n<p>\n        <b>Full Year 2020 Financial Results<\/b>\n      <\/p>\n<p>\n        <b>Net Revenue\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in US$ thousands, except percentage)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td class=\"prngen35\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>YoY % Change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Mobile Advertising Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">438,384<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">175,041<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">150%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Other Revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,121<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,843<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Net Revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>441,505<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>177,884<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>148%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Net revenue<\/b>\u00a0was <span class=\"xn-money\">US$441.5 million<\/span>, an increase of 148% from <span class=\"xn-money\">US$177.9 million<\/span> in 2019, primarily due to an increase in mobile advertising revenue.<\/p>\n<p>\n        <b>Mobile advertising revenue<\/b>\u00a0was <span class=\"xn-money\">US$438.4 million<\/span>, an increase of 150% from <span class=\"xn-money\">US$175.0 million<\/span> in 2019, primarily due to the growth in the number of DAUs of the Company&#8217;s portfolio products.<\/p>\n<p>Our portfolio products focus on three categories: online literature, scenario-based content apps and casual games. Online literature accounted for approximately 38%, scenario-based content apps accounted for approximately 24%, and casual games accounted for approximately 37% of total net revenue. <\/p>\n<p>\n        <b>Cost and Operating Expenses<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbb1 prntal prnpl6 prnsbl1 prnpr14\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen11\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen11\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>YoY % change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in US$ thousands, except percentage)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>% of revenue<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen21\">\n              \n            <\/td>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbbs prntal prnpl6 prnsblb0 prnpr14\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Cost of revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,128<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15,301<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">58%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Sales and marketing<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">418,262<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">95%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">157,029<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">88%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">166%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Research and development <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29,670<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26,936<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">General and administrative <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">15,017<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16,256<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen13\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8)%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Other operating loss (income), net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen14\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2,275<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prntar prnpl6 prnsbl1\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(873)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prntar prnpl6 prnsbl1 prnpr4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(361)%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Cost and Expenses<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>489,352<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>111%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen16\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>214,649<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>121%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>128%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Cost of revenue<\/b>\u00a0was <span class=\"xn-money\">US$24.1 million<\/span>, an increase of 58% from <span class=\"xn-money\">US$15.3 million<\/span> in 2019, mainly due to an increase in content costs paid to freelancers and third-party content distributors, the investment in operational workforce and maintenance-related costs, and was partially offset by a decrease in VoIP-related expenses.<\/p>\n<p>\n        <b>Gross profit<\/b>\u00a0was <span class=\"xn-money\">US$417.4 million<\/span>, an increase of 157% from <span class=\"xn-money\">US$162.6 million<\/span> in 2019. Gross profit margin was 94.5%, compared with 91.4% in 2019.<\/p>\n<p>\n        <b>Sales and marketing expenses<\/b>\u00a0were <span class=\"xn-money\">US$418.3 million<\/span>, an increase of 166% from <span class=\"xn-money\">US$157.0 million<\/span> in 2019. As a percentage of total net revenue, sales and marketing expenses accounted for 95%, an increase from 88% in 2019, primarily due to increased investment in user acquisition. <\/p>\n<p>\n        <b>Research and development expenses<\/b>\u00a0were <span class=\"xn-money\">US$29.7 million<\/span>, an increase of 10% from <span class=\"xn-money\">US$26.9 million<\/span> in 2019, mainly due to an increase in costs associated with technology R&amp;D staff. As a percentage of total net revenue, research and development expenses accounted for 7%, decreasing from 15% in 2019.<\/p>\n<p>\n        <b>General and administrative expenses<\/b>\u00a0were <span class=\"xn-money\">US$15.0 million<\/span>, a decrease of 8% from <span class=\"xn-money\">US$16.3 million<\/span> in 2019, primarily due to accrued bad debt provision of <span class=\"xn-money\">US$0.4 million<\/span> in 2020, a decrease by 3.7 million from <span class=\"xn-money\">US$4.1 million<\/span> in 2019, and was partially offset by an increase in professional expenses and an increase in costs associated with G&amp;A staff and share-based compensation expenses. As a percentage of total net revenue, general and administrative expenses accounted for 3%, decreasing from 9% in 2019.<\/p>\n<p>\n        <b>Other operating loss, net<\/b>\u00a0was <span class=\"xn-money\">US$2.3 million<\/span>, compared with other operating income, net of <span class=\"xn-money\">US$0.9 million<\/span> in 2019. Other operating income (loss), net primarily consisted of government subsidies received by the Company, losses arise from investigations on certain third-party advertisers related to alleged misconducts, and contingent liabilities for intellectual property infringement lawsuit during operations.<\/p>\n<p>\n        <b>Net loss<\/b>\u00a0was <span class=\"xn-money\">US$47.4 million<\/span>, compared with net loss of <span class=\"xn-money\">US$36.8 million<\/span> in 2019.<\/p>\n<p>\n        <b>Adjusted net loss<\/b>\u00a0was <span class=\"xn-money\">US$42.0 million<\/span> in 2020, compared with adjusted net loss of <span class=\"xn-money\">US$33.2 million<\/span> in 2019.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>In US$ thousands, except percentage<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <u><br \/>\n                    <b>2020<\/b><br \/>\n                  <\/u><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <u><br \/>\n                    <b>2019<\/b><br \/>\n                  <\/u><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <u>YoY % change<\/u><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net Loss<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(47,367)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen33\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(36,846)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">29%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Add: Share-based Compensation\u00a0related to share options and restricted share units<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,337<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen12\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,662<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen12\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">46%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted Net Loss (Non-GAAP)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(42,030)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen34\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(33,184)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen19\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>In 2020, the basic and diluted net loss per ADS were <span class=\"xn-money\">US$0.77<\/span> and <span class=\"xn-money\">US$0.77<\/span>, respectively. Basic and diluted Adjusted Net Loss (Non-GAAP) per ADS were <span class=\"xn-money\">US$0.68<\/span> and <span class=\"xn-money\">US$0.68<\/span>, respectively.<\/p>\n<p>\n        <b>Balance Sheet and Cash Flow<\/b>\n      <\/p>\n<p>As of <span class=\"xn-chron\">December 31, 2020<\/span>, Cash, cash equivalents and restricted cash were <span class=\"xn-money\">US$49.6 million<\/span>, compared with <span class=\"xn-money\">US$60.0 million<\/span> as of <span class=\"xn-chron\">December 31, 2019<\/span>.<\/p>\n<p>Net cash outflow from operating activities in 2020 was <span class=\"xn-money\">US$0.9 million<\/span>, compared with outflow from operations of <span class=\"xn-money\">US$15.7 million<\/span> in 2019. Net cash outflow from operating activities was primarily a result of the net loss.<\/p>\n<p>Net cash outflow from investing activities in 2020 was <span class=\"xn-money\">US$2.6 million<\/span>, which was primarily attributable to the purchase of property and equipment.<\/p>\n<p>\n        <b>Share Repurchase Plan<\/b>\n      <\/p>\n<p>On <span class=\"xn-chron\">May 18, 2020<\/span>, the Company announced a share repurchase program (the &#8220;2020 Program&#8221;) whereby the Company is authorized to repurchase its class A ordinary shares in the form of ADSs with an aggregate value of up to <span class=\"xn-money\">US$20 million<\/span> during the 12-month period starting from <span class=\"xn-chron\">May 18, 2020<\/span>. The Company expects to fund the repurchases under this program with its existing cash balance. As of <span class=\"xn-chron\">December 31, 2020<\/span>, the Company had used an aggregate of <span class=\"xn-money\">US$4.7 million<\/span> to repurchase 0.9 million ADSs under the 2020 Program and recorded as treasury stock.<\/p>\n<p>\n        <b>Business Outlook <\/b>\n      <\/p>\n<p>For the first quarter of 2021, CooTek expects total revenue to be about <span class=\"xn-money\">US$80 million<\/span>. This outlook is based on information available as of the date of this press release and reflects the Company&#8217;s current and preliminary expectations, which are subject to change in light of various uncertainties, including those related to the ongoing COVID-19 pandemic.<\/p>\n<p>\n        <b>Conference Call and Webcast <\/b>\n      <\/p>\n<p>CooTek&#8217;s management team will host a conference call at <span class=\"xn-chron\">8:00 AM<\/span> U.S. Eastern Time on <span class=\"xn-chron\">Thursday, March 25, 2021<\/span> (<span class=\"xn-chron\">8:00 PM<\/span> Beijing Time on the same day), following the results announcement. <\/p>\n<p>The dial-in details for the live conference call are: <\/p>\n<p>\n        <span class=\"xn-location\">United States<\/span>: 1-888-346-8982<br \/><span class=\"xn-location\">Hong Kong<\/span>: 800-905-945<br \/>Mainland <span class=\"xn-location\">China<\/span>: 4001-201-203<br \/>International: 1-412-902-4272<\/p>\n<p>Please dial in 15 minutes before the call is scheduled to begin. When prompted, ask to be connected to the <b>CooTek (Cayman) Inc. <\/b>call. <\/p>\n<p>A live webcast and archive of the conference call will be available on the Investor Relations section of CooTek&#8217;s website at <a target=\"_blank\" href=\"https:\/\/ir.cootek.com\/\" rel=\"nofollow noopener noreferrer\">https:\/\/ir.cootek.com\/<\/a>. <\/p>\n<p>\n        <b>About CooTek (Cayman) Inc.<\/b>\n      <\/p>\n<p>CooTek is a fast-growing mobile internet company with a global vision that offers content-rich mobile applications, focusing on three categories: online literature, scenario-based content apps and casual games. CooTek&#8217;s mission is to empower everyone to enjoy relevant content seamlessly. CooTek&#8217;s user-centric and data-driven approach has enabled it to release appealing products to capture mobile internet users&#8217; ever-evolving content needs and helps it rapidly attract targeted users.<\/p>\n<p>\n        <b>Non-GAAP Financial Measure<\/b>\n      <\/p>\n<p>To supplement the unaudited consolidated financial information prepared in accordance with generally accepted accounting principles in <span class=\"xn-location\">the United States of America<\/span> (&#8220;GAAP&#8221;), the Company uses non-GAAP financial measure of adjusted net (loss) income that is adjusted from results based on GAAP to exclude the impact of share-based compensation, and Adjusted EBITDA that is net (loss) income excluding interest income and expense, income taxes, depreciation and amortization, and share-based compensation. The measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. <\/p>\n<p>The Company believes that the non-GAAP measure help identify underlying financial and business trends relating to the Company&#8217;s results of operations that could otherwise be distorted by the effect of certain expenses that the Company include in (loss) income from operations and net (loss) income. By making the Company&#8217;s financial results comparable period over period, the Company believes adjusted net (loss) income and Adjusted EBITDA provides useful information to better understand the Company&#8217;s historical business operations and future prospects and allows for greater visibility with respect to key metrics used by the management in financial and operational decision-making. In order to mitigate these limitations, the Company has provided specific information regarding the GAAP amounts excluded from the non-GAAP measure. The table at the bottom of this press release includes details on the reconciliation between GAAP financial measure that is most directly comparable to the non-GAAP financial measure the Company has presented.<\/p>\n<p>\n        <b>Safe Harbor Statement <\/b>\n      <\/p>\n<p>This press release contains forward-looking statements made under the &#8220;safe harbor&#8221; provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;confident&#8221; and similar statements. CooTek may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CooTek&#8217;s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: CooTek&#8217;s mission and strategies; future business development, financial conditions and results of operations; the expected growth of the mobile internet industry and mobile advertising industry; the expected growth of mobile advertising; expectations regarding demand for and market acceptance of our products and services; competition in mobile application and advertising industry; relevant government policies and regulations relating to the industry and the development and impacts of COVID-19. Further information regarding these and other risks, uncertainties or factors is included in the Company&#8217;s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and CooTek does not undertake any obligation to update such information, except as required under applicable law.<\/p>\n<p>\n        <b>For investor enquiries, please contact: <\/b>\n      <\/p>\n<p>\n        <b>CooTek (Cayman) Inc.<br \/><\/b>Mr. <span class=\"xn-person\">Robert Yi Cui<\/span><br \/>Email: <a target=\"_blank\" href=\"mailto:IR@cootek.com\" rel=\"nofollow noopener noreferrer\">IR@cootek.com<\/a> \u00a0<\/p>\n<p>\n        <b>ICA (Institutional Capital Advisory)<\/b>\n      <\/p>\n<p>Mr. <span class=\"xn-person\">Kevin Yang<\/span><br \/>Phone: +86<span id=\"spanHghltd470\">&#8211;<\/span>21-8028-6033<br \/>E-mail: <a target=\"_blank\" href=\"mailto:cootek@icaasia.com\" rel=\"nofollow noopener noreferrer\">cootek@icaasia.com<\/a><\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"16\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>CooTek (Cayman) INC.<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Unaudited Condensed Consolidated Statement of Operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in\u00a0thousands,\u00a0except\u00a0for\u00a0share\u00a0and\u00a0per\u00a0share\u00a0data)<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"9\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>September 30,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"8\" class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net revenues<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">68,984<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">105,657<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">102,440<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">177,884<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">441,505<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Cost of revenues<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,866)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,784)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7,072)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(15,301)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(24,128)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Gross Profit<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">65,118<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">98,873<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">95,368<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">162,583<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">417,377<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Operating expenses:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Sales and marketing expenses<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(63,495)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(107,842)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(101,985)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(157,029)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(418,262)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Research and development expenses<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,738)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8,204)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,516)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(26,936)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(29,670)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">General and administrative expenses<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,752)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,707)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,873)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(16,256)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(15,017)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Other operating income (loss), net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">644<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,064)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,047)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">873<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,275)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total operating expenses<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(71,341)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(120,817)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(114,421)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(199,348)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(465,224)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Loss from operations<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,223)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,944)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19,053)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(36,765)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(47,847)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Impairment loss of investments<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(500)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(500)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Interest income, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">55<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">168<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">764<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">396<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Foreign exchange gain (loss)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">22<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">105<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(343)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">91<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Loss before income taxes<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,646)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,964)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(18,780)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(36,844)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(47,360)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">\u00a0\u00a0 Income tax expense<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(4)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(7)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Loss<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,646)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,964)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(18,784)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(36,846)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(47,367)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net Loss per ordinary share<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Basic<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.002)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.007)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.006)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.01)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.02)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Diluted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.002)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.007)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.006)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.01)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(0.02)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Weighted average shares used in\u00a0<br \/>\u00a0\u00a0\u00a0 alculating net loss per ordinary share<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Basic<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,129,987,962<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,070,510,051<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,061,577,781<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,155,082,983<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,080,332,924<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Diluted<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,129,987,962<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,070,510,051<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,061,577,781<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,155,082,983<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,080,332,924<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Non-GAAP Financial Data<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Adjusted Net Loss<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,200)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,523)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,253)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(33,184)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(42,030)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Adjusted EBITDA<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,346)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19,318)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(16,386)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(30,940)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(38,650)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"6\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Unaudited Condensed Consolidated Balance Sheets<\/b>\u00a0<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in\u00a0thousands,\u00a0except\u00a0for\u00a0share\u00a0and\u00a0per\u00a0share\u00a0data)<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>As\u00a0of<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,\u00a0<br \/>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnmr4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,\u00a0<br \/>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen7\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>ASSETS<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Current assets:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Cash and cash equivalents<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,906<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">24,669<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Restricted cash<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">60<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,264<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Short-term investment<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">572<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">50<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Accounts receivable, net of allowance for doubtful accounts of US$1,774 as of <\/span><br \/>\n                <span class=\"prnews_span\">December 31, 2019 and US$1,162 as of December 31, 2020, respectively<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">27,255<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">28,127<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Prepaid expenses and other current assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7,848<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,073<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total current assets<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">95,641<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">68,183<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Long term restricted cash<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21,689<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Property and equipment, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,669<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,394<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Intangible assets, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">268<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">397<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Long-term investments<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">307<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Other non-current assets<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">259<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">932<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>TOTAL ASSETS<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">101,837<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">96,902<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Current liabilities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Accounts payable<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">37,878<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">76,126<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Short-term bank borrowings<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,013<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,958<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Accrued salary and benefits<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,598<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9,143<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Accrued expenses and other current liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,956<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10,686<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen51\">\n                <span class=\"prnews_span\">Deferred revenue<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,888<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,332<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total current liabilities<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62,333<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">110,245<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Other non-current liabilities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">596<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">459<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>TOTAL LIABILITIES<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">62,929<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">110,704<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"5\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Unaudited Condensed Consolidated Balance Sheets (continued):<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in\u00a0thousands,\u00a0except\u00a0for\u00a0share\u00a0and\u00a0per\u00a0share\u00a0data)<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>As\u00a0of<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,\u00a0<br \/>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen5\">\n<p class=\"prnmr4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,\u00a0<br \/>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Shareholders&#8217; Equity:<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Ordinary shares <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">31<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">31<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Treasury Stock <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,064)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(4,672)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Additional paid-in capital<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">194,972<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">193,919<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Accumulated deficit<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(153,598)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(200,965)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Accumulated other comprehensive loss<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,433)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,115)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total Shareholders&#8217; Equity<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">38,908<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(13,802)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>TOTAL LIABILITIES AND SHAREHOLDERS&#8217; EQUITY <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">101,837<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">96,902<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"15\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Unaudited Condensed Consolidated Statement of Cash Flows<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0<b>(in\u00a0thousands,\u00a0except\u00a0for\u00a0share\u00a0and\u00a0per\u00a0share\u00a0data)<\/b><\/span>\n              <\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"8\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year Ended\u00a0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"4\" nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0September 30,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnmr4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"10\" class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net cash provided by (used in) operating <br \/>\u00a0\u00a0\u00a0\u00a0 activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,237<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(14,393)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,821)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(15,663)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(852)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net cash (used in) provided by investing <br \/>\u00a0\u00a0\u00a0\u00a0 activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(1,235)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">12,266<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(282)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,332)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,644)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net cash provided by (used in) financing<br \/>\u00a0\u00a0 \u00a0 activities<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,436<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(2,183)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,563)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(3,797)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(8,500)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Net increase (decrease) in cash and<br \/>\u00a0\u00a0 \u00a0 cash equivalents<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,438<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(4,310)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(12,666)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(24,792)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(11,996)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Cash, cash equivalents,\u00a0and restricted<br \/>\u00a0\u00a0\u00a0 \u00a0cash at beginning of\u00a0period<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">56,270<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">64,921<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">61,011<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">84,860<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,966<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Effect of exchange rate changes on<br \/>\u00a0\u00a0\u00a0 \u00a0cash and cash equivalents<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">258<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">400<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,277<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen15\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(102)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,652<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\">Cash, cash equivalents,\u00a0and restricted<br \/>\u00a0\u00a0\u00a0 \u00a0cash at end of\u00a0period<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,966<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">61,011<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">49,622<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">59,966<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen46\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">49,622<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td colspan=\"21\" class=\"prngen6\">\n<p class=\"prnews_p\">\u00a0<\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Reconciliations of GAAP and Non-GAAP Results<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(in\u00a0thousands,\u00a0except\u00a0for\u00a0share\u00a0and\u00a0per\u00a0share\u00a0data)<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\u00a0<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"9\" class=\"prngen5\">\n<p class=\"prnmr6\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Three Months Ended<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"6\" class=\"prngen5\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Year Ended\u00a0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td nowrap=\"nowrap\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen45\">\n              \n            <\/td>\n<td colspan=\"3\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>September 30,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen45\">\n              \n            <\/td>\n<td colspan=\"2\" nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnmr4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"6\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>December 31,<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2019<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen43\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>\u00a0US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen6\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>US$<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen42\">\n              \n            <\/td>\n<td class=\"prngen42\">\n              \n            <\/td>\n<td colspan=\"9\" class=\"prngen42\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"4\" class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Net Loss<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,646)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(21,964)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(18,784)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(36,846)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(47,367)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Add:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Share-based compensation related to share options and restricted share units<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">446<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,441<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,531<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,662<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5,337<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Adjusted Net Loss (Non-GAAP)*<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(6,200)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(20,523)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(17,253)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(33,184)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(42,030)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Add:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Interest income, net<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(55)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(168)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(764)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(396)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Income taxes<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prngen49\">\n                <span class=\"prnews_span\">Depreciation and amortization<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">909<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,198<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,031<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,006<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen44\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3,769<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnmr2\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Adjusted EBITDA (Non-GAAP)*<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(5,346)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"3\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(19,318)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(16,386)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"2\" class=\"prngen41\">\n              \n            <\/td>\n<td colspan=\"2\" class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(30,940)<\/span>\n              <\/p>\n<\/td>\n<td colspan=\"3\" class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen18\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(38,650)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<td class=\"prngen41\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td colspan=\"21\" class=\"prngen37\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">* The tax impact to the non-GAAP adjustments is zero.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN21515&amp;sd=2021-03-25\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results-301255532.html\">http:\/\/www.prnewswire.com\/news-releases\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results-301255532.html<\/a><\/p>\n<p>SOURCE  CooTek (Cayman) Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN21515&amp;Transmission_Id=202103250012PR_NEWS_USPR_____CN21515&amp;DateId=20210325\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SHANGHAI, March 25, 2021 \/PRNewswire\/ &#8212; CooTek (Cayman) Inc. (NYSE: CTK) (&#8220;CooTek&#8221; or the &#8220;Company&#8221;), a fast-growing global mobile internet company, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Net revenue was US$102.4 million, an increase of 48% from US$69.0 million during the same period last year. Gross profit was US$95.4 million, an increase of 46% from US$65.1 million during the same period last year. Gross profit margin was 93.1%, compared with 94.4% during the same period last year. Net loss was US$18.8 million, compared with net loss US$6.6 million during the same period last year. Adjusted net loss[1] (Non-GAAP) was US$17.3 million, compared with adjusted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464750","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SHANGHAI, March 25, 2021 \/PRNewswire\/ &#8212; CooTek (Cayman) Inc. (NYSE: CTK) (&#8220;CooTek&#8221; or the &#8220;Company&#8221;), a fast-growing global mobile internet company, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Net revenue was US$102.4 million, an increase of 48% from US$69.0 million during the same period last year. Gross profit was US$95.4 million, an increase of 46% from US$65.1 million during the same period last year. Gross profit margin was 93.1%, compared with 94.4% during the same period last year. Net loss was US$18.8 million, compared with net loss US$6.6 million during the same period last year. Adjusted net loss[1] (Non-GAAP) was US$17.3 million, compared with adjusted &hellip; Continue reading &quot;CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-25T04:16:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN21515&amp;sd=2021-03-25\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results\",\"datePublished\":\"2021-03-25T04:16:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/\"},\"wordCount\":3795,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN21515&amp;sd=2021-03-25\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\\\/\",\"name\":\"CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cootek-announces-fourth-quarter-and-full-year-2020-unaudited-results\/","og_locale":"en_US","og_type":"article","og_title":"CooTek Announces Fourth Quarter and Full Year 2020 Unaudited Results - Market Newsdesk","og_description":"PR Newswire SHANGHAI, March 25, 2021 \/PRNewswire\/ &#8212; CooTek (Cayman) Inc. (NYSE: CTK) (&#8220;CooTek&#8221; or the &#8220;Company&#8221;), a fast-growing global mobile internet company, today reported unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Highlights Net revenue was US$102.4 million, an increase of 48% from US$69.0 million during the same period last year. Gross profit was US$95.4 million, an increase of 46% from US$65.1 million during the same period last year. Gross profit margin was 93.1%, compared with 94.4% during the same period last year. Net loss was US$18.8 million, compared with net loss US$6.6 million during the same period last year. 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