The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. Yalla Group Limited is a holding company. The increase was primarily due to the recognition of share-based compensation expenses upon the listing of our ADSs on the New York Stock Exchange. Yalla Group Limited will hold a conference call on Monday, March 15, 2021, at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time on the same day, to discuss the financial results. Other components of general and administrative expenses as a percentage of our total revenues decreased from 8.1% in the fourth quarter of 2019 to 5.4% in the fourth quarter of 2020 due to economies of scale. For more information, please visit: http://ir.yallatech.ae/. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. Our general and administrative expenses were US$11.3 million in the fourth quarter of 2020, compared with US$1.6 million in the same period last year. Voice chats are more suitable to the cultural norms in MENA compared to video chats. Our total costs and expenses were US$39.0 million in the fourth quarter of 2020, compared with US$10.9 million in the fourth quarter of 2019. By RTTNews Staff Writer | Published: 3/15/2021 7:27 AM ET . Shares of Yalla Group (NYSE:YALA) popped by as much as 15% this morning after the company reported fourth-quarter earnings. Non-GAAP basic and diluted net income per ordinary share (which exclude share-based compensation expenses) were US$0.64 and US$0.57 respectively, compared to US$0.22 in 2019. The increase was mainly driven by (i) share-based compensation expenses of US$35.9 million recognized for 2020, and (ii) other components of general and administrative expenses of US$7.1 million for 2020, a 72.6% increase from US$4.1 million for 2019. Yalla Group upgraded to outperform from perform at Oppenheimer Mar. Yalla EPS beats by $0.03, beats on revenue. Yalla Group Limited. Our income tax expense was US$0.33 million in the fourth quarter of 2020, compared with US$0.13 million in the fourth quarter of 2019. Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results Yalla Group Limited Announces Unaudited Fourth Quarter and Full Year 2020 Financial Results… Investor Resources. Yalla Group Q4 Results Up; Expects Higher Revenue In Q1 By RTTNews Staff Writer | Published: 3/15/2021 7:27 AM ET UAE-based social networking and entertainment platform Yalla Group Ltd (YALA) on Monday announced fourth-quarter net income of $9 million or $0.06 per share, higher than $7.78 million or $0.06 per share in the year-ago quarter. A brief summary - strong Buy, Buy, strong Sell, Sell or Neutral signals for the Yalla Group Ltd stock. This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Company Participants. Mar 15, 2021 10:00 AM UTC. [2] "Average MAUs" refers to the average monthly active users in a given period calculated by dividing (i) the sum of active users for each month of such period, by (ii) the number of months in such period. For investor and media inquiries, please contact: Yalla Group LimitedInvestor RelationsYuwei Gao - IR Director Tel: +86-571-8980-7962Email: ir@yallatech.ae, The Piacente Group, Inc. Yang SongTel: +86-10-6508-0677Email: yalla@tpg-ir.com, The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050 Email: yalla@tpg-ir.com, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, Accrued expenses and other current liabilities, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED), Series Angel Redeemable Convertible Preferred Shares, Series Pre-A Redeemable Convertible Preferred Shares, Series A Redeemable Convertible Preferred Shares, Total liabilities, mezzanine equity and shareholders' equity, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS, Technology and product development expenses, Accretion of redeemable convertible preferred shares, Dividends distributed to redeemable convertible preferred shareholders, Net income (loss) attributable to ordinary shareholders, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED), Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing earnings per ordinary share. Company Participants. Our revenues were US$134.9 million in 2020, a 112.6% increase from US$63.5 million in 2019. Yalla Group Limited to Report Fourth Quarter and Full Year 2020 Financial Results on March 15, 2021 Eastern Time Mar 1, 2021 Yalla Group Limited Announces Appointment of Independent Director Yalla Group Limited will hold a conference call on Monday, March 15, 2021, at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time on the same day, to discuss the financial results. Tao Yang - Chairman and Chief Executive Officer. Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release. As a result of the foregoing, our net income was US$9.0 million in the fourth quarter of 2020, compared with net income of US$8.3 million in the fourth quarter of 2019. Another primary contributor to our solid revenues growth was the significant growth in the number of paying users, which increased from 723 thousand in the fourth quarter of 2019 to 5.2 million in the fourth quarter of 2020. - Revenues generated from chatting services were US$123.0 million.- Revenues generated from games services were US$11.9 million. As a result of these reasons, other components of technology and product development expenses as a percentage of our total revenues also increased from 2.3% in the fourth quarter of 2019 to 2.9% in the same period of 2020. * Each ADS represents one Class A ordinary share. 12, 2021 at 7:38 a.m. Higher Monthly Active Users, Chatting Services Drive Yalla's Q4 results. Non-GAAP net income is a non-GAAP financial measure. The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafés where people spend their leisure time in casual chats. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. Our revenues were US$48.3 million in the fourth quarter of 2020, a 150.9% increase from US$19.3 million in the fourth quarter of 2019. Non-GAAP basic and diluted net income per ordinary share (which exclude share-based compensation expenses) were US$0.16 and US$0.15 respectively, compared to US$0.06 in the same period of 2019. Our net income was US$3.2 million in 2020, compared with net income of US$28.9 million in 2019. 03/15 07:41. Other components of general and administrative expenses as a percentage of our total revenues decreased from 6.5% in 2019 to 5.3% in 2020 due to economies of scale. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The increase was mainly driven by (i) share-based compensation expenses of US$16.3 million recognized for 2020, and (ii) other components of cost of revenues of US$45.0 million for 2020, a 119.0% increase from US$20.5 million for 2019, which was in line with our revenue growth and primarily due to our expanding business scale. Yang Tao - … Corporate Governance . The non-GAAP financial measure is not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. DUBAI, UAE, March 1, 2021 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced that it will report its unaudited financial results for the fourth quarter and full year 2020 before the U.S. market open on Monday, March 15, 2021. Basic and diluted net income per ordinary share were US$0.06 for the fourth quarter of 2020, while basic and diluted net income per ordinary share was US$0.06 in the same period of 2019. Our cost of revenues was US$18.4 million in the fourth quarter of 2020, compared with US$5.8 million in the fourth quarter of 2019.The increase was mainly driven by (i) share-based compensation expenses of US$2.2 million recognized for the fourth quarter of 2020, and (ii) other components of cost of revenues of US$16.2 million for the fourth quarter of 2020, a 177.8% increase from US$5.8 million for the fourth quarter of 2019, which was in line with our revenue growth and primarily due to our expanding business scale. The increase was mainly driven by (i) share-based compensation expenses of US$8.8 million recognized for the fourth quarter of 2020, and (ii) other components of general and administrative expenses of US$2.6 million for the fourth quarter of 2020, a 66.6% increase from US$1.6 million for the same quarter last year, which was primarily due to an increase in salaries and other benefits for our general and administrative staff, which was in turn driven by an expansion of our general and administrative staff.
Adieu Slimane Chords, Xavier Mauduit Femme, Poubelle 100 Litres Carrefour, Sepe Parc Floral De Paris, Scunthorpe Vs Port Vale, Artiste Taratata Ce Soir,
Commentaires récents