LAIX Inc. (NYSE:LAIX) is reporting second quarter financial results on Wednesday 26th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, LAIX is expected to report 2Q20 loss of $ 0.51 per share from revenue of $ 36.92 million.
For the full year, analysts anticipate top line of $ 159.99 million, while looking forward to loss of $ 1.84 per share bottom line.
Previous Quarter Performance
LAIX Inc. recorded loss for the first quarter of $ 0.56 per share, from the revenue of $ 32.25 million. The quarterly revenues contracted 15.02 percent compared with the same quarter last year. According to street consensus, LAIX was expected to report 1Q20 loss of $ 0.48 per share from revenue of $ 29.25 million. The bottom line results missed street analysts by $ 0.08 or 16.67 percent, at the same time, top line results outshined analysts by $ 3.00 million or 10.26 percent.
Stock Performance
Shares of LAIX Inc. traded high $ 0.02 or 0.76 percent on Tuesday, reaching $ 2.64 with volume of 7.60 thousand shares. The stock opened positive for the day at $ 2.67, after closing the previous day trading at $ 2.62.
According to the previous trading day, closing price of $ 2.62, representing a 30.35 % increase from the 52 week low of $ 2.01 and a 67.21 % decrease over the 52 week high of $ 7.99.
The company has a market capital of $ 130.45 million and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
LAIX Inc. will be hosting a conference call at 9:00 PM eastern time on 26th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1-877-396-2308 Toll Free, (United States) or +1-647-689-5527 Toll Number, when prompted, enter passcode 2666857 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website ir.laix.com
LAIX Inc., an artificial intelligence (AI) company, provides online English learning services through its Liulishuo mobile app in the Peoples Republic of China. The company offers English Liulishuo app, which offers a suite of courses, including free courses for leisure learning, the paid personalized standard courses, DongNi English, and other paid courses; and LiuLi Reading mobile app that allows users to read articles from publishers supplemented by detailed learning tips and quizzes. It also provides IELTS Liulishuo app, which helps users to improve their scores on the IELTS spoken English proficiency test; and learning services for corporate customers.
