Xunlei Limited (“Xunlei” or the “Company”) (NASDAQ: XNET), a
leading innovator in shared cloud computing and blockchain
technology in China, today announced its unaudited
financial results for the fourth quarter and fiscal year ended
December 31, 2021.Fourth Quarter 2021 Financial Highlights:
- Total revenues were US$71.1
million, representing an increase of 18.6% from the previous
quarter.
- Cloud computing and other internet
value-added services (“Cloud computing and other IVAS”) revenues
were US$44.7 million, representing an increase of 26.9% from the
previous quarter.
- Subscription revenues were US$23.7
million, representing an increase of 4.3% from the previous
quarter.
- Online advertising revenues,
consisting primarily of revenues from mobile advertising, were
US$2.8 million, representing an increase of 33.1% from the previous
quarter.
- Gross profit was US$33.3 million,
representing an increase of 13.3% from the previous quarter, and
gross profit margin was 46.7% in the fourth quarter, compared with
48.9% in the previous quarter.
- Net loss was US$0.5 million in the
fourth quarter, compared with a net loss of US$5.1 million in the
previous quarter.
- Diluted loss per ADS was
approximately US$0.01 as compared with a loss of US$0.08 in the
previous quarter.
Fiscal Year Ended December 31, 2021
Financial Highlights:
- Total revenues were US$239.6
million, representing an increase of 28.3% from 2020.
- Cloud computing and other IVAS
revenues were US$136.2 million, representing an increase of 52.7%
from 2020.
- Subscription revenues were US$91.2
million, representing an increase of 8.2% from 2020.
- Online advertising revenues were
US$12.3 million, representing a decrease of 7.1% from 2020.
- Gross profit was US$120.2 million,
representing an increase of 28.2% from 2020, and gross profit
margin was 50.2%, same as the one in the previous year.
- Net income was US$1.1 million for
fiscal year 2021, compared with a net loss of US$14.1 million for
2020.
- Diluted earnings per ADS in 2021
was US$0.02, compared with a loss of US$0.21 in the previous
year.
Mr. Jinbo Li, Chairman and Chief Executive
Officer of Xunlei, stated, “We ended 2021 with a strong fourth
quarter and are pleased to report a 18.6% sequential growth in our
total revenues. With solid execution of our well-crafted strategies
focusing on core strengths and a competitive edge, we achieved
growth in our major business lines. Particularly, we saw strong
growth in shared cloud computing and other IVAS, which realized a
year-over-year growth of 52.7%, driven by customer demand and
bandwidth capacity expansion. During fiscal year 2021, our total
revenues also grew 28.3% to $239.6 million and achieved a net
profit of 1.1 million, a significant improvement over a net loss of
$14.1 million in 2020.”“I’d like to take this opportunity to thank
our employees for their diligence and dedication to serve our
customers during a trying period of time. Because of their agility,
resilience and dedication, we are able to start fiscal year 2022
with a solid foundation. In particular, I’d like to express my
gratitude to the team responsible for our membership subscription
business which generated significant cash flows to fund our
innovation endeavor. I’m also appreciative and proud of the
outstanding performance our cloud computing colleagues achieved
during 2021. And lastly, I’d like to thank our employees in the
corporate development group who relentlessly pursued new growth
opportunities that are expected to produce potentially exciting
results in the days to come.”“Looking forward, we expect continued
development and anticipate potential breakthroughs in our
operations. We will continue to develop innovative products and
seek collaborations with other entities to expand our presence both
at home and abroad,” concluded Mr. Jinbo Li.
Fourth Quarter 2021 Financial
Results
Total Revenues
Total revenues were US$71.1 million,
representing an increase of 18.6% from the previous quarter. The
increase in total revenues was mainly attributable to increased
revenues from cloud computing and live streaming business.
Revenues from cloud computing and other IVAS
were US$44.7 million, representing an increase of 26.9% from the
previous quarter. The cloud computing revenue was $28.2 million,
representing a 12.8% sequential increase. The live streaming
revenue was $14.5 million, compared with US$8.35 million in the
previous quarter. The increase of cloud computing and other IVAS
revenues was mainly driven by increased demand for our cloud
computing and new live streaming products we launched in the second
half of the year.
Revenues from subscription were US$23.7 million,
representing an increase of 4.3% from the previous quarter. The
number of subscribers was 4.39 million as of December 31, 2021,
compared with 4.15 million as of September 30, 2021. The average
revenue per subscriber for the fourth quarter was RMB34.3, compared
with RMB35.4 for the third quarter.
Revenues from online advertising were US$2.8
million, representing an increase of 33.1% from the previous
quarter. The increase of online advertising revenues was largely
due to business recovery and our marketing efforts during the
fourth quarter.
Cost of Revenues
Cost of revenues was US$37.6 million,
representing 52.8% of our total revenues, compared with US$30.4
million or 50.7% of the total revenues in the previous quarter. The
increased cost of revenues was mainly attributable to increased
sales of our cloud computing and other IVAS services.
Bandwidth costs as included in cost of revenues
were US$22.8 million, representing 32.1% of our total revenues,
compared with US$21.7 million or 36.2% of the total revenues in the
previous quarter. The increased bandwidth costs were mainly due to
increased demand for our cloud computing products, which were
consistent with the increased cloud computing revenue.
The remaining cost of revenues mainly consisted
of costs related to the revenue-sharing costs for our live
streaming business and depreciation of servers and other
equipment.
Gross Profit and Gross Profit
Margin
Gross profit for the fourth quarter was US$33.3
million, representing an increase of 13.3% from the previous
quarter. Gross profit margin was 46.7% in the fourth quarter,
compared with 48.9% in the previous quarter. The increase in gross
profit was mainly due to increased cloud computing and other IVAS
revenues. The decrease in gross profit margin was mainly due to
decreased portion of subscription revenues to total revenues, which
has a higher gross profit margin, and increased portion of live
streaming revenues to total revenues, which has a lower gross
profit margin.
Research and Development
Expenses
Research and development expenses for the fourth
quarter were US$16.6 million, representing 23.3% of our total
revenues, compared with US$16.8 million or 28.0% of our total
revenues in the previous quarter.
Sales and Marketing
Expenses
Sales and marketing expenses for the fourth
quarter were US$6.6 million, representing 9.3% of our total
revenues, compared with US$6.8 million or 11.3% of our total
revenues in the previous quarter.
General and Administrative
Expenses
General and administrative expenses for the
fourth quarter were US$11.1 million, representing 15.6% of our
total revenues, compared with US$11.4 million or 19.0% of our total
revenues in the previous quarter. The decrease was primarily due to
the decreased legal and consulting expenses.
Operating Loss
Operating loss was US$1.7 million, compared with
an operating loss of US$5.7 million in the previous quarter. The
decrease in operating loss was primarily due to increased gross
profit as discussed above.
Other Income, Net
Other income was US$1.0 million, compared with
other income of US$0.5 million in the previous quarter.
Net (Loss)/Income and Loss Per
ADS
Net loss was US$0.5 million, compared with a net
loss of US$5.1 million in the previous quarter. Non-GAAP net income
was US$1.7 million in the fourth quarter of 2021, compared with a
net loss of US$3.1 million in the previous quarter. The decreased
net loss and increased non-GAAP net income were primarily due to
the increase in revenues of major business lines and improved gross
profit as discussed above.
Diluted loss per ADS in the fourth quarter of
2021 was approximately US$0.01 as compared with a loss of US$0.08
in the third quarter of 2021.
Cash Balance
As of December 31, 2021, the Company had cash
and cash equivalents and short-term investments of US$239.0
million, compared with US$228.3 million as of September 30,
2021.
Unaudited Financial Results for Fiscal
Year Ended December 31, 2021
Total Revenues
Total revenues were US$239.6 million,
representing an increase of 28.3% on a year-over-year basis. The
increase in total revenues was mainly attributable to an increase
in revenues from our cloud computing and live streaming
business.
Revenues from cloud computing and other IVAS
were US$136.2 million, representing an increase of 52.7% on a
year-over-year basis. The revenues of cloud computing business were
$94.8 million, representing a 47.4% year-over-year increase. The
increase in cloud computing and other IVAS revenues was mainly
attributable to the increased sales of cloud computing services as
a result of our expanded service capabilities and increased demand
from our customers.
Revenues from subscriptions were US$91.2
million, representing an increase of 8.2% on a year-over-year
basis. The increase is mainly due to the number of subscribers
increased from 3.83 million in 2020 to 4.39 million in 2021.
Revenues from online advertising were US$12.3
million, representing a decrease of 7.1% on a year-over-year basis.
The reduction was primarily due to lower advertising placements
starting the second quarter of 2021 as a result of evolving
regulations of the Chinese internet industry that negatively
affected our adverting business.
Cost of Revenues
Cost of revenues was US$118.6 million,
representing 49.5% of our total revenues in 2021, as compared with
US$92.6 million and 49.6% of the total revenues in 2020. The
increase was mainly due to increased sales of our cloud computing
products and revenue-sharing costs for our live streaming
business.
Bandwidth costs as included in cost of revenues
were US$80.7 million, representing 33.7% of our total revenues,
compared with US$62.4 million or 33.4% of the total revenues in the
previous year. The increase was mainly due to the increased sales
of our cloud computing services.
The remaining cost of revenues mainly consisted
of costs related to the revenue-sharing costs for our live
streaming business and depreciation of servers and other
equipment.
Gross Profit and Gross Profit
Margin
Gross profit for the year was US$120.2 million,
representing an increase of 28.2% on the year-over-year basis.
Gross profit margin was 50.2%, same as the one in the previous
year. The increase of gross profit was mainly due to increased
revenues from cloud computing, subscription business and live
streaming business.
Research and Development
Expenses
Research and development expenses for the year
were US$61.9 million, representing 25.8% of our total revenues,
compared with US$55.5 million or 29.7% of our total revenues in the
previous year. The increase was primarily due to the increased
employee related costs.
Sales and Marketing
Expenses
Sales and marketing expenses for the year were
US$24.6 million, representing 10.3% of our total revenues, compared
with US$18.1 million or 9.7% of our total revenues in the previous
year. The increase was primarily due to increased marketing and
promotional activities incurred for Mobile Xunlei and new live
streaming business during this year.
General and Administrative
Expenses
General and administrative expenses for the year
were US$36.9 million, representing 15.4% of our total revenues,
compared with US$33.9 million or 18.2% of our total revenues in the
previous year. The increase was mainly due to increased
amortization expenses regarding newly awarded restricted share
units under the Company’s 2020 share incentive plan.
Impairment of Assets, Net
of Recoveries
Impairment of assets, net of recoveries for the
year was US$1.2 million, comprising a one-time write-off of certain
receivables based on impairment assessment, compared with US$5.1
million in the previous year. The decrease was largely due to a
one-time write-off of certain receivables and prepayments in
relation to our cloud computing business accrued in the previous
year.
Operating Loss
Operating loss was US$4.3 million, compared with
an operating loss of US$18.8 million in the previous year. The
decrease was mainly due to increased gross profit from cloud
computing, subscription business and live streaming business as
discussed above.
Net Loss and Loss per ADS
Net income was US$1.1 million in 2021, compared
with a net loss of US$14.1 million in the previous year. Non-GAAP
net income was US$7.3 million in 2021, compared with a loss of
US$11.8 million in the previous year.
Diluted earnings per ADS in 2021 was US$0.02 as
compared with a loss of US$0.21 in the previous year.
Cash Balance
As of December 31, 2021, the Company had cash,
cash equivalents and short-term investments of US$239.0 million,
compared with US$255.1 million as of December 31, 2020.
Guidance for First Quarter of
2022
For the first quarter of 2022, Xunlei estimates
total revenues to be between US$77 million and US$80 million, and
the midpoint of the range represents a quarter-on-quarter increase
of approximately 10.4%. This estimate represents management’s
preliminary view as of the date of this release, which is subject
to change and any change could be material.
Adjustment to the Composition of the
Award Pool under the 2020 Share Incentive Plan
Xunlei recently adjusted the composition of the
award pool under the 2020 Share Incentive Plan (the “2020 Plan”).
After the award pool composition adjustment, the maximum aggregate
number of shares of the Company available for grant of awards under
the 2020 Plan will remain to be 31,000,000, but will consist of (i)
9,667,230 common shares of the Company underlying the 1,933,446
American depositary shares the Company repurchased pursuant to the
repurchase programs authorized by the Company in December 2014 and
January 2016, (ii) 10,150,313 common shares of the Company reserved
for issuance under the 2020 Share Incentive Plan, representing
10,150,313 common shares of the Company that were previously
reserved under the Company’s 2010 share incentive plan but the
corresponding share incentive awards had not been granted as of the
termination of the Company’s 2010 share incentive plan, (iii)
10,889,429 common shares of the Company then held by Leading Advice
Holding Limited, the Company’s share incentive awards holding
platform under the Company’s 2013 share incentive plan and 2014
share incentive plan, representing the amount of common shares of
which the corresponding awards under the Company’s 2013 share
incentive plan and 2014 share incentive plan had not been granted
as of the termination of the Company’s 2013 share incentive plan
and 2014 share incentive plan, and (iv) 293,028 common shares of
the Company reserved for issuance under the 2020 Share Incentive
Plan.
Conference Call Information
Xunlei's management will host a conference call at 8:00 a.m.
U.S. Eastern Time on March 17, 2022 (8:00 p.m. Beijing/Hong Kong
Time), to discuss its fourth quarter and fiscal year 2021
results.
Due to the outbreak of COVID-19, operator assisted conference
calls are not available at the moment. All participants wishing to
attend the call must preregister online before they can receive the
dial-in numbers. Preregistration may require a few minutes to
complete. The Company would like to apologize for any inconvenience
caused by not having an operator as a result of COVID-19.
Please register in advance to join the conference using the link
provided below and dial in 10 minutes before the call is scheduled
to begin. Conference access information will be provided upon
registration.
Participant Online Registration:
http://apac.directeventreg.com/registration/event/7687935
Once preregistration has been completed, participants will
receive dial-in numbers, an event passcode, and a unique registrant
ID.
To join the conference, please dial the number you receive,
enter the event passcode (7687935) followed by your unique
registrant ID, and you will be joined to the conference
instantly.
The Company will also broadcast a live audio webcast of the
conference call. The webcast will be available at
http://ir.xunlei.com.
Following the earnings conference call, an
archive of the call will be available by dialing:
China (Mandarin): |
400-820-9703400-820-9035 |
Hong Kong: |
800-963-117 |
United States: |
1-855-452-5696 |
International: |
61-2-8199-0299 |
Replay Passcode: |
7687935 |
Replay End Date: |
March 25, 2022 |
About Xunlei
Founded in 2003, Xunlei
Limited (NASDAQ: XNET) is a leading innovator in shared
cloud computing and blockchain technology
in China. Xunlei provides a wide range of products
and services across cloud acceleration, blockchain, shared cloud
computing and digital entertainment to deliver an efficient, smart
and safe internet experience.
Safe Harbor Statement
This press release contains statements of a
forward-looking nature. These statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. You can identify these forward-looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the management's quotations, the
"Outlook" and "Guidance" sections in this press release, as well as
the Company's strategic, operational and acquisition plans, contain
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations, assumptions, estimates and projections about
the Company and the industry. Forward-looking statements involve
inherent risks and uncertainties, including but not limited to: the
Company's ability to continue to innovate and provide attractive
products and services to retain and grow its user base; the
Company's ability to keep up with technological developments and
users' changing demands in the internet industry; the Company's
ability to convert its users into subscribers of its premium
services; the Company's ability to deal with existing and potential
copyright infringement claims and other related claims; the risk
that Covid-19 or other health risks in China or globally could
adversely affect the Company's operations or financial results; the
Company’s ability to react to the governmental actions for its
scrutiny of internet content in China and the Company's ability to
compete effectively. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that its expectations will turn
out to be correct, and investors are cautioned that actual results
may differ materially from the anticipated results. Further
information regarding risks and uncertainties faced by the Company
is included in the Company's filings with the U.S. Securities and
Exchange Commission. All information provided in this press release
is as of the date of the press release, and the Company undertakes
no obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
About Non-GAAP Financial
Measures
To supplement Xunlei's consolidated financial
results presented in accordance with United States Generally
Accepted Accounting Principles ("GAAP"), Xunlei uses the following
measures defined as non-GAAP financial measures by the United
States Securities and Exchange Commission: (1) non-GAAP operating
income/(loss), (2) non-GAAP net income/(loss) from continuing
operations, (3) non-GAAP basic and diluted earnings per share for
common shares attributable to continuing operations, and (4)
non-GAAP basic and diluted earnings per ADS attributable to
continuing operations. The presentation of the non-GAAP financial
information is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with GAAP.
Xunlei believes that these non-GAAP financial
measures provide meaningful supplemental information to investors
regarding the Company’s operating performance by excluding
share-based compensation expenses, which is not expected to result
in future cash payments. These non-GAAP financial measures also
facilitate management's internal comparisons to Xunlei's historical
performance and assist the Company’s financial and operational
decision making. A limitation of using these non-GAAP financial
measures is that these non-GAAP measures exclude share-based
compensation charge that has been and will continue to be for the
foreseeable future a significant recurring expense in Xunlei’s
results of operations. Management compensates for these limitations
by providing specific information regarding the GAAP amounts
excluded from each non-GAAP measure. The accompanying
reconciliation tables at the end of this release include details on
the reconciliations between GAAP financial measures that are most
directly comparable to the non-GAAP financial measures the Company
has presented.
|
XUNLEI LIMITED |
UNAUDITED CONDENSED
CONSOLIDATED BALANCE SHEETS |
(Amounts expressed
in thousands of USD, except for share, per share (or ADS)
data) |
|
|
December
31, |
|
December
31, |
|
2021 |
|
2020 |
|
US$ |
|
US$ |
Assets |
|
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
Cash and
cash equivalents |
123,358 |
|
|
137,248 |
|
Short-term
investments |
115,652 |
|
|
117,821 |
|
Accounts
receivable, net |
26,135 |
|
|
22,983 |
|
Inventories |
1,363 |
|
|
1,726 |
|
Due from
related parties |
15,578 |
|
|
10,970 |
|
Prepayments
and other current assets |
11,842 |
|
|
11,534 |
|
Total current assets |
293,928 |
|
|
302,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current assets: |
|
|
|
|
|
Restricted
cash |
4,078 |
|
|
1,541 |
|
Long-term
investments |
31,495 |
|
|
26,734 |
|
Property and
equipment, net |
57,657 |
|
|
50,725 |
|
Intangible
assets, net |
8,299 |
|
|
8,857 |
|
Goodwill |
23,136 |
|
|
22,607 |
|
Due from a
related party, non-current portion |
19,311 |
|
|
- |
|
Long-term
prepayments and other assets |
2,787 |
|
|
905 |
|
Right-of-use
assets |
27 |
|
|
1,954 |
|
Total assets |
440,718 |
|
|
415,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
Accounts
payable |
26,407 |
|
|
20,644 |
|
Due to
related parties |
1,597 |
|
|
5,389 |
|
Contract
liabilities and deferred income, current portion |
36,892 |
|
|
34,040 |
|
Lease
liabilities |
18 |
|
|
1,961 |
|
Income tax
payable |
2,531 |
|
|
2,553 |
|
Accrued
liabilities and other payables |
49,557 |
|
|
38,689 |
|
Bank
borrowings, current portion |
2,876 |
|
|
- |
|
Total current liabilities |
119,878 |
|
|
103,276 |
|
|
|
|
|
|
|
Non-current liabilities: |
|
|
|
|
|
Contract
liabilities and deferred income, non-current portion |
845 |
|
|
920 |
|
Lease
liabilities, non-current portion |
7 |
|
|
27 |
|
Deferred tax
liabilities, non-current portion |
930 |
|
|
1,085 |
|
Bank
borrowings, non-current portion |
17,291 |
|
|
19,924 |
|
Total liabilities |
138,951 |
|
|
125,232 |
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
Common
shares (US$0.00025 par value, 1,000,000,000 shares authorized,
368,877,205 shares issued and 334,401,981 shares outstanding as at
December 31, 2020; 368,877,205 issued and 337,257,946 shares
outstanding as at December 31, 2021) |
84 |
|
|
84 |
|
Additional
paid-in-capital |
476,057 |
|
|
469,887 |
|
Accumulated
other comprehensive income/(loss) |
1,988 |
|
|
(2,145 |
) |
Statutory
reserves |
6,155 |
|
|
5,414 |
|
Treasury
shares (34,475,224 shares and 31,619,259 shares as at December 31,
2020 and December 31, 2021, respectively) |
8 |
|
|
9 |
|
Accumulated
deficits |
(180,645 |
) |
|
(181,095 |
) |
Total Xunlei Limited's shareholders' equity |
303,647 |
|
|
292,154 |
|
Non-controlling interests |
(1,880 |
) |
|
(1,781 |
) |
Total liabilities and shareholders' equity |
440,718 |
|
|
415,605 |
|
|
|
|
|
|
|
|
XUNLEI LIMITEDUnaudited Condensed Consolidated Statements
of (Loss)/Income(Amounts expressed in thousands of USD,
except for share, per share (or ADS) data) |
|
|
Three months ended |
|
Year ended |
|
|
|
|
|
Dec 31, |
Sept 30, |
Dec 31, |
|
Dec 31, |
Dec 31, |
|
2021 |
2021 |
2020 |
|
2021 |
2020 |
|
US$ |
US$ |
US$ |
|
US$ |
US$ |
Revenues, net of rebates and discounts |
71,145 |
|
60,009 |
|
50,285 |
|
|
239,601 |
|
186,683 |
|
Business taxes and
surcharges |
(307 |
) |
(227 |
) |
(138 |
) |
|
(819 |
) |
(312 |
) |
Net revenues |
70,838 |
|
59,782 |
|
50,147 |
|
|
238,782 |
|
186,371 |
|
Cost of revenues |
(37,586 |
) |
(30,437 |
) |
(23,322 |
) |
|
(118,603 |
) |
(92,637 |
) |
Gross
profit |
33,252 |
|
29,345 |
|
26,825 |
|
|
120,179 |
|
93,734 |
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
Research and development
expenses |
(16,559 |
) |
(16,830 |
) |
(12,023 |
) |
|
(61,859 |
) |
(55,463 |
) |
Sales and marketing
expenses |
(6,607 |
) |
(6,809 |
) |
(2,794 |
) |
|
(24,569 |
) |
(18,064 |
) |
General and administrative
expenses |
(11,106 |
) |
(11,412 |
) |
(7,898 |
) |
|
(36,868 |
) |
(33,910 |
) |
Assets impairment loss, net of
recoveries |
(703 |
) |
2 |
|
(29 |
) |
|
(1,206 |
) |
(5,090 |
) |
Total operating
expenses |
(34,975 |
) |
(35,049 |
) |
(22,744 |
) |
|
(124,502 |
) |
(112,527 |
) |
|
|
|
|
|
|
|
Operating
(loss)/income |
(1,723 |
) |
(5,704 |
) |
4,081 |
|
|
(4,323 |
) |
(18,793 |
) |
Interest income |
270 |
|
186 |
|
162 |
|
|
723 |
|
1,471 |
|
Interest expense |
(23 |
) |
(23 |
) |
(406 |
) |
|
(95 |
) |
(406 |
) |
Other income, net |
995 |
|
537 |
|
579 |
|
|
4,678 |
|
4,737 |
|
(Loss)/income before
income taxes |
(481 |
) |
(5,004 |
) |
4,416 |
|
|
983 |
|
(12,991 |
) |
Income tax
(expense)/benefit |
(28 |
) |
(122 |
) |
217 |
|
|
125 |
|
(1,149 |
) |
Net
(loss)/income |
(509 |
) |
(5,126 |
) |
4,633 |
|
|
1,108 |
|
(14,140 |
) |
|
|
|
|
|
|
|
Less: net loss attributable to
non-controlling interest |
(30 |
) |
(26 |
) |
(13 |
) |
|
(83 |
) |
(300 |
) |
Net (loss)/income
attributable to common shareholders |
(479 |
) |
(5,100 |
) |
4,646 |
|
|
1,191 |
|
(13,840 |
) |
|
|
|
|
|
|
|
(Loss)/earnings per
share for common shares |
|
|
|
|
|
|
Basic |
(0.0014 |
) |
(0.0152 |
) |
0.0139 |
|
|
0.0036 |
|
(0.0410 |
) |
Diluted |
(0.0014 |
) |
(0.0152 |
) |
0.0139 |
|
|
0.0035 |
|
(0.0410 |
) |
|
|
|
|
|
|
|
(Loss)/earnings per
ADS |
|
|
|
|
|
|
Basic |
(0.0070 |
) |
(0.0760 |
) |
0.0695 |
|
|
0.0180 |
|
(0.2050 |
) |
Diluted |
(0.0070 |
) |
(0.0760 |
) |
0.0695 |
|
|
0.0175 |
|
(0.2050 |
) |
|
|
|
|
|
|
|
Weighted average
number of common shares used in calculating: |
|
|
|
|
|
|
Basic |
334,982,981 |
|
334,779,959 |
|
334,401,981 |
|
|
334,707,559 |
|
337,429,601 |
|
Diluted |
334,982,981 |
|
334,779,959 |
|
334,428,660 |
|
|
335,969,780 |
|
337,429,601 |
|
|
|
|
|
|
|
|
Weighted average
number of ADSs used in calculating: |
|
|
|
|
|
|
Basic |
66,996,596 |
|
66,955,992 |
|
66,880,396 |
|
|
66,941,512 |
|
67,485,920 |
|
Diluted |
66,996,596 |
|
66,955,992 |
|
66,885,732 |
|
|
67,193,956 |
|
67,485,920 |
|
|
|
|
|
|
|
|
|
|
|
|
XUNLEI LIMITED |
Reconciliation of GAAP and Non-GAAP Results |
(Amounts expressed in thousands of USD, except for share, per share
(or ADS) data) |
|
|
Three months ended |
|
Year ended |
|
|
|
|
|
Dec 31, |
Sept 30, |
Dec 31, |
|
Dec 31, |
Dec 31, |
|
2021 |
2021 |
2020 |
|
2021 |
2020 |
|
US$ |
US$ |
US$ |
|
US$ |
US$ |
|
|
|
|
|
|
|
GAAP operating (loss)/income |
(1,723 |
) |
(5,704 |
) |
4,081 |
|
|
(4,323 |
) |
(18,793 |
) |
Share-based compensation
expenses |
2,229 |
|
2,070 |
|
200 |
|
|
6,172 |
|
2,310 |
|
Non-GAAP operating
income/(loss) |
506 |
|
(3,634 |
) |
4,281 |
|
|
1,849 |
|
(16,483 |
) |
|
|
|
|
|
|
|
GAAP net (loss)/income |
(509 |
) |
(5,126 |
) |
4,633 |
|
|
1,108 |
|
(14,140 |
) |
Share-based compensation
expenses |
2,229 |
|
2,070 |
|
200 |
|
|
6,172 |
|
2,310 |
|
Non-GAAP net
income/(loss) |
1,720 |
|
(3,056 |
) |
4,833 |
|
|
7,280 |
|
(11,830 |
) |
|
|
|
|
|
|
|
GAAP (loss)/earnings
per share for common shares: |
|
|
|
|
|
|
Basic |
(0.0014 |
) |
(0.0152 |
) |
0.0139 |
|
|
0.0036 |
|
(0.0410 |
) |
Diluted |
(0.0014 |
) |
(0.0152 |
) |
0.0139 |
|
|
0.0035 |
|
(0.0410 |
) |
|
|
|
|
|
|
|
GAAP (loss)/earnings
per ADS: |
|
|
|
|
|
|
Basic |
(0.0070 |
) |
(0.0760 |
) |
0.0695 |
|
|
0.0180 |
|
(0.2050 |
) |
Diluted |
(0.0070 |
) |
(0.0760 |
) |
0.0695 |
|
|
0.0175 |
|
(0.2050 |
) |
|
|
|
|
|
|
|
Non-GAAP
earnings/(loss) per share for common shares: |
|
|
|
|
|
|
Basic |
0.0052 |
|
(0.0090 |
) |
0.0145 |
|
|
0.0220 |
|
(0.0342 |
) |
Diluted |
0.0052 |
|
(0.0090 |
) |
0.0145 |
|
|
0.0219 |
|
(0.0342 |
) |
|
|
|
|
|
|
|
Non-GAAP
earnings/(loss) per ADS: |
|
|
|
|
|
|
Basic |
0.0260 |
|
(0.0450 |
) |
0.0725 |
|
|
0.1100 |
|
(0.1710 |
) |
Diluted |
0.0260 |
|
(0.0450 |
) |
0.0725 |
|
|
0.1095 |
|
(0.1710 |
) |
|
|
|
|
|
|
|
Weighted average
number of common shares used in calculating: |
|
|
|
|
|
|
Basic |
334,982,981 |
|
334,779,959 |
|
334,401,981 |
|
|
334,707,559 |
|
337,429,601 |
|
Diluted |
334,982,981 |
|
334,779,959 |
|
334,428,660 |
|
|
335,969,780 |
|
337,429,601 |
|
|
|
|
|
|
|
|
Weighted average
number of ADSs used in calculating: |
|
|
|
|
|
|
Basic |
66,996,596 |
|
66,955,992 |
|
66,880,396 |
|
|
66,941,512 |
|
67,485,920 |
|
Diluted |
66,996,596 |
|
66,955,992 |
|
66,885,732 |
|
|
67,193,956 |
|
67,485,920 |
|
|
|
|
|
|
|
|
|
|
|
|
|
CONTACT:Investor RelationsXunlei LimitedEmail: ir@xunlei.comTel:
+86 755 8633 8443Website: http://ir.xunlei.com
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