BEIJING, June 17,
2022 /PRNewswire/ -- Jianpu Technology Inc.
("Jianpu," or the "Company") (NYSE: JT), a leading independent open
platform for the discovery and recommendation of financial products
in China, today announced its
unaudited financial results for the first quarter ended
March 31, 2022.
First Quarter 2022 Operational and Financial
Highlights:
- The credit card volume and number of domestic loan applications
for recommendation services respectively increased by 28.6% to
approximately 0.9 million and 77.3% to approximately 3.9 million in
the first quarter of 2022 compared with the same period of 2021. As
a result, total revenues from recommendation services for the first
quarter of 2022 increased by 35.6% to RMB144.1 million (US$22.7
million) from RMB106.3 million
in the same period of 2021.
- Revenues from big data and system-based risk management
services decreased by 24.9% to RMB20.2
million (US$3.2 million) in
the first quarter of 2022 from RMB26.9
million in the same period of 2021. The decrease was mainly
attributable to a decrease in the number of overseas paying
customers.
- Revenues from advertising and marketing services and other
services increased by 248.4% to RMB43.2
million (US$6.8 million) in
the first quarter of 2022 from RMB12.4
million in the same period of 2021. The increase was mainly
attributable to the growth of insurance brokerage services and
initiatives of other new businesses.
- Loss from operations was RMB54.6
million (US$8.6 million) in
the first quarter of 2022, compared with RMB67.1 million in the same period of 2021.
Operating loss margin was 26.3% in the first quarter of 2022,
compared with 46.1% in the same period of 2021. The decrease in
loss from operations was mainly attributable to an increase in
revenue and a decrease in operating expenses resulting from
efficiency improvements and cost optimization.
- Net loss was RMB53.0 million
(US$8.4 million) in the first quarter
of 2022, compared with RMB51.3
million in the same period of 2021. Net loss margin was
25.6% in the first quarter of 2022 compared with 35.3% in the same
period of 2021.
- Non-GAAP adjusted net loss1 was RMB50.7 million (US$8.0
million) in the first quarter of 2022, compared with
Non-GAAP adjusted net loss1 of RMB49.4
million in the same period of 2021. Non-GAAP adjusted net
loss margin1 was 24.4% in the first quarter of 2022,
compared with 33.9% in the same period of 2021.
Mr. David Ye, Co-founder,
Chairman and Chief Executive Officer of Jianpu, commented, "We have
delivered another strong quarter of growth with total revenues up
42.6% year-over-year despite the challenging macro environment and
the resurgence of COVID-19 in China. We concluded the quarter with a more
diversified and balanced revenue structure, thanks to the growing
revenue contribution from our new business initiatives that
continued the success in deploying our omni-channel marketing solutions towards
non-financial services categories. With the recovery of our
business, we also see greater economies of scale with a clear trend
of improvements in operational efficiency. We have also further
enhanced our capabilities to enable the digital transformation of
the financial industry and other industries, demonstrated by our
channel expansion and integration to target a more diversified user
base and our increasing strategic
cooperations with ecosystem
partners."
"Despite the ongoing uncertainties around the ongoing
COVID-related lockdowns in China,
we continue to be encouraged by broader policy support and remain
very confident about the future development of the digital economy
and the opportunities it brings us. We will continue our efforts to
empower financial institutions' digital transformation and support
the development of China's digital
economy. We believe the groundwork we have laid and our investments
in digital transformation solutions will ultimately deliver greater
value to the Company and its shareholders," concluded Mr. Ye.
"Our first-quarter results
reflect our persistent efforts in business development and
disciplined cost control. Our revenues from recommendation services
increased by 35.6% year-over-year, and revenues from advertising,
marketing services and other services was up 248.4% year-over-year.
We also further optimized our cost structure and improved the
productivity of our businesses. As a result, our operating losses
decreased by 18.6% year-over-year, and net loss margin further
improved by 9.7 percentage points and Non-GAAP adjusted net loss
margin1 improved by 9.5
percentage points compared with the same period in 2021. We will
continue to implement our cost optimization measures and strive a
balance between growth and efficiency," said Oscar Chen, Chief Financial Officer of
Jianpu.
First Quarter 2022 Financial Results
Total revenues for the first quarter of 2022 increased by
42.6% to RMB207.6 million
(US$32.7 million) from RMB145.6 million in the same period of 2021.
Total revenues from recommendation
services increased by 35.6% to RMB144.1 million (US$22.7
million) in the first quarter of 2022 from RMB106.3 million in the same period of 2021.
Revenues from recommendation services for
credit cards increased by 24.8% to RMB97.6 million (US$15.4
million) in the first quarter of 2022 from RMB78.2 million in the same period of 2021.
Credit card volumes in the first quarter of 2022 and 2021 were
approximately 0.9 million and 0.7 million, respectively. The
average fee per credit card increased to RMB110.0 (US$17.4)
in the first quarter of 2022 from RMB109.8 in the same period of 2021.
Revenues from recommendation services for
loans increased by 65.8% to RMB46.6
million (US$7.3 million) in
the first quarter of 2022 from RMB28.1
million in the same period of 2021, primarily due to an
increase in the number of loan applications on the Company's
platform. The number of domestic loan applications on the Company's
platform was approximately 3.9 million in the first quarter of
2022, representing a 77.3% increase from that in the same period of
2021. The average fee per domestic loan application increased to
RMB11.6 (US$1.8) in the first quarter of 2022 from
RMB11.2 in the same period of 2021.
The recommendation revenue of loans generated from overseas markets
accounted for 2.4% of total loan recommendation revenues in the
first quarter of 2022, less than such contribution percentage in
the same period of 2021.
Revenues from big data and system-based risk management
services decreased by 24.9% to RMB20.2 million (US$3.2
million) in the first quarter of 2022 from RMB26.9 million in the same period of 2021,
primarily due to a decrease in the number of overseas paying
customers in the first quarter of 2022 compared with the same
period in 2021.
Revenues from advertising and marketing services and other
services increased by 248.4% to RMB43.2 million (US$6.8
million) in the first quarter of 2022 from RMB12.4 million in the same period of 2021,
primarily due to the growth of the Company's insurance brokerage
services and initiatives of other new businesses.
Cost of promotion and
acquisition2 increased by 63.2% to RMB149.5 million (US$23.6
million) in the first quarter of 2022 from RMB91.6 million in the same period of 2021. The
increase was in line with the growth of the Company's revenues from
recommendation services and advertising and marketing services and
other services.
Cost of operation increased by 8.8% to RMB18.5 million (US$2.9
million) in the first quarter of 2022 from RMB17.0 million in the same period of 2021. The
increase was primarily attributable to an increase in software
development and maintenance costs and data acquisition costs
related to the big data and system-based risk management services,
partially offset by a decrease in depreciation expenses.
Sales and marketing expenses decreased by 8.6% to
RMB33.9 million (US$5.3 million) in the first quarter of 2022 from
RMB37.1 million in the same period of
2021. The decrease was primarily due to a decrease in payroll
expenses, partially offset by an increase in call center
outsourcing expenses.
Research and development expenses decreased by 19.2%
to RMB29.8 million (US$4.7 million) in the first quarter of 2022 from
RMB36.9 million in the same period of
2021, primarily due to a decrease in payroll expenses resulting
from the Company's continued efforts in cost optimization.
General and administrative expenses slightly
increased by 1.3% to RMB30.5 million
(US$4.8 million) in the first quarter
of 2022 from RMB30.1 million in the
same period of 2021, primarily due to an increase in credit loss
and payroll expenses, partially offset by a decrease in
professional fees.
Loss from operations was RMB54.6
million (US$8.6 million) in
the first quarter of 2022, compared with RMB67.1 million in the same period of 2021.
Operating loss margin was 26.3% in the first quarter of 2022,
compared with 46.1% in the same period of 2021. The decrease in
operating loss was mainly attributable to an increase in revenues
and a decrease in operating expenses resulting from efficiency
improvements and cost optimization.
Others, net decreased by 83.2% to
RMB2.8 million (US$0.4 million) in the first quarter of 2022 from
RMB16.7 million in the same period of
2021. This was primarily due to the realized investment gain of
RMB14.7 million from the Company's
investment in Conflux Global, a decentralized applications
blockchain solution provider, in the same period of 2021. There is
no such gain in the first quarter of 2022.
Net loss was RMB53.0
million (US$8.4 million) in
the first quarter of 2022 compared with RMB51.3 million in the same period of 2021. Net
loss margin was 25.6% in the first quarter of 2022, compared with
35.3% in the same period of 2021.
Non-GAAP adjusted net loss1 , which
excluded share-based compensation expenses from net loss, was
RMB50.7 million (US$8.0 million) in the first quarter of 2022,
compared with RMB49.4 million in the
same period of 2021. Non-GAAP adjusted net loss margin1
was 24.4% in the first quarter of 2022, compared with 33.9% in the
same period of 2021.
Non-GAAP adjusted EBITDA3, which excluded
share-based compensation expenses, depreciation and amortization,
net interest expenses and income tax benefits from net loss, for
the first quarter of 2022 was a loss of RMB48.1 million (US$7.6
million), compared with a loss of RMB45.1 million in the same period of 2021.
As of March 31, 2022, the Company
had cash and cash equivalents, time deposits, restricted cash and
time deposits and short-term investment of RMB685.8 million (US$108.2
million), and working capital of approximately RMB372.3 million (US$58.7
million). Compared to those as of December 31, 2021, cash and cash equivalents,
time deposits, restricted cash and time deposits and short-term
investment decreased by RMB77.0
million, which was primarily attributable to an increase in
net cash used in operating activities.
Subsequent Event
In June 2022, the Company, upon
the approval of its Board of Directors, entered into a series of
agreements with other minority shareholders of Databook Tech Ltd.
("Databook"). Databook is a subsidiary of the Company and the
investment holding company of its subsidiaries and variable
interest entity (collectively as "Databook Group"). The business of
Databook had been suspended since late 2019. Databook proposed a
cash distribution to its shareholders, through which the Company
expects to receive a portion of the cash distribution proportionate
to its equity interest in Databook. Databook also proposed to issue
additional shares to one minority shareholder and change the
Company's board seat in Databook to one director. The Company will
consequently become a minority shareholder of Databook and no
longer have control over the Databook Group after the aforementioned cash distribution,
issuance of additional shares and change to the board composition,
which are expected to be completed
in fiscal year 2022.
Conference Call
The Company's management will host an earnings conference call
at 8:00 AM U.S. Eastern Time on
June 17, 2022 (8:00 PM Beijing/Hong Kong Time on June 17, 2022).
Dial-in details for the earnings conference call are as
follows:
United States (toll
free):
|
1-888-346-8982
|
International:
|
1-412-902-4272
|
Hong Kong, China (toll
free):
|
800-905-945
|
Hong Kong,
China:
|
852-3018-4992
|
Mainland
China:
|
400-120-1203
|
Participants should dial-in at least 5 minutes before the
scheduled start time and ask to be connected to the call for
"Jianpu Technology Inc."
Additionally, a live and archived webcast of the conference call
will be available on the Company's investor relations website at
http://ir.jianpu.ai.
A replay of the conference call will be accessible approximately
one hour after the conclusion of the live call until June 24, 2022, by dialing the following telephone
numbers:
United States (toll
free):
|
1-877-344-7529
|
International:
|
1-412-317-0088
|
Replay Access
Code:
|
9603907
|
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform
for the discovery and recommendation of financial products in
China. The Company connects users
with financial service providers in a convenient, efficient, and
secure way. By leveraging its proprietary technology, Jianpu
provides users with customized search results and recommendations
tailored to each user's particular financial needs and profile. The
Company also enables financial service providers with sales and
marketing solutions to reach and serve their target customers more
effectively through integrated channels and enhance their
competitiveness by providing them with tailored data, risk
management services and solutions. The Company is committed to
maintaining an independent open platform, which allows it to serve
the needs of users and financial service providers impartially. For
more information, please visit http://ir.jianpu.ai.
Use of Non-GAAP Financial Measures
The Company uses adjusted EBITDA and adjusted net (loss)/income,
each a Non-GAAP financial measure, in evaluating its operating
results and for financial and operational decision-making
purposes.
The Company believes that adjusted EBITDA and adjusted net
(loss)/income help identify underlying trends in its business that
could otherwise be distorted by the effect of the expenses and
gains that the Company includes in (loss)/income from operations
and net (loss)/income. The Company believes that adjusted EBITDA
and adjusted net (loss)/income provide useful information about its
operating results, enhance the overall understanding of its past
performance and future prospects and allow for greater visibility
with respect to key metrics used by its management in its financial
and operational decision-making.
Adjusted EBITDA and adjusted net (loss)/income should not be
considered in isolation or construed as alternatives to net
(loss)/income or any other measure of performance or as indicators
of the Company's operating performance. Investors are encouraged to
review the historical Non-GAAP financial measures to the most
directly comparable GAAP measures. Adjusted EBITDA and adjusted net
(loss)/income presented here may not be comparable to similarly
titled measures presented by other companies. Other companies may
calculate similarly titled measures differently, limiting their
usefulness as comparative measures to the Company's data. The
Company encourages investors and others to review its financial
information in its entirety and not rely on a single financial
measure.
Adjusted EBITDA represents EBITDA before share-based
compensation expenses. EBITDA represents net (loss)/income before
interest, tax, depreciation and amortization.
Adjusted net (loss)/income represents net (loss)/income before
share-based compensation expenses.
For more information on this Non-GAAP financial measure, please
see the table captioned "Unaudited Reconciliations of GAAP and
Non-GAAP results" set forth at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's goals and strategies; the Company's future business
development, financial condition and results of operations; the
Company's expectations regarding demand for, and market acceptance
of, its solutions and services; the Company's expectations
regarding keeping and strengthening its relationships with users,
financial service providers and other parties it collaborates with;
trends, competition and regulatory policies relating to the
industries the Company operates in; general economic and business
conditions globally and in China;
and assumptions underlying or related to any of the foregoing.
Further information regarding these and other risks is included in
the Company's filings with the SEC. All information provided in
this press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Jianpu Technology Inc.
(IR)Oscar Chen, E-mail:
IR@rong360.com
(PR)Amanda Hu, E-mail:
Media@rong360.com
Tel: +86 (10) 6242 7068
Christensen Advisory
Suri Cheng,
E-mail: scheng@christensenir.com
Tel: +86 185 0060 8364
Anthony Cheong, E-mail:
acheong@christensenir.com
Tel: +852 2232 3922
In US:
Christensen Advisory
Linda Bergkamp, E-mail:
lbergkamp@christensenir.com
Tel: +1 480 353 6648
Jianpu Technology Inc.
Unaudited Condensed
Consolidated Balance Sheets
|
|
(In
thousands)
|
|
As of December
31,
|
|
As of March
31,
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
Cash
and cash equivalents
|
|
444,933
|
|
369,354
|
|
58,264
|
Time
deposits
|
|
10,000
|
|
10,000
|
|
1,577
|
Restricted time deposits
|
|
234,601
|
|
233,589
|
|
36,848
|
Short-term investment
|
|
35,950
|
|
35,670
|
|
5,627
|
Accounts receivable, net (including
amounts billed through related party of
RMB4,359 and RMB6,595 as of
December 31, 2021 and March 31,
2022, respectively)
|
|
175,165
|
|
169,928
|
|
26,805
|
Amount due from related parties
|
|
140
|
|
139
|
|
22
|
Prepayments and other current assets
|
|
53,466
|
|
62,991
|
|
9,937
|
Total current
assets
|
|
954,255
|
|
881,671
|
|
139,080
|
Non-current
assets:
|
|
|
|
|
|
|
Property and equipment, net
|
|
12,617
|
|
12,247
|
|
1,932
|
Intangible assets, net
|
|
21,675
|
|
21,708
|
|
3,424
|
Goodwill
|
|
10,236
|
|
10,236
|
|
1,615
|
Restricted cash and time deposits
|
|
37,266
|
|
37,199
|
|
5,868
|
Other non-current assets
|
|
33,873
|
|
34,206
|
|
5,396
|
Total non-current
assets
|
|
115,667
|
|
115,596
|
|
18,235
|
Total
assets
|
|
1,069,922
|
|
997,267
|
|
157,315
|
|
|
|
|
|
|
|
LIABILITIES,
MEZZANINE
EQUITY AND SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
Short-term borrowings
|
|
181,853
|
|
181,853
|
|
28,687
|
Accounts
payable (including amounts
billed through related party of
RMB2,384 and RMB6,201 as of
December 31,2021 and March 31,
2022, respectively)
|
|
103,782
|
|
109,740
|
|
17,311
|
Advances from customers
|
|
47,221
|
|
47,890
|
|
7,554
|
Tax
payable
|
|
14,670
|
|
14,290
|
|
2,254
|
Amount due to related parties
|
|
29,270
|
|
27,204
|
|
4,291
|
Accrued expenses and other current
liabilities
|
|
152,521
|
|
128,353
|
|
20,247
|
Total current
liabilities
|
|
529,317
|
|
509,330
|
|
80,344
|
Non-current
liabilities:
|
|
|
|
|
|
|
Deferred tax liabilities
|
|
4,549
|
|
4,420
|
|
697
|
Other non-current liabilities
|
|
13,604
|
|
14,576
|
|
2,300
|
Total non-current
liabilities
|
|
18,153
|
|
18,996
|
|
2,997
|
Total
liabilities
|
|
547,470
|
|
528,326
|
|
83,341
|
Mezzanine
equity:
|
|
|
|
|
|
|
Redeemable noncontrolling interest
|
|
1,689
|
|
1,765
|
|
278
|
Shareholders'
equity:
|
|
|
|
|
|
|
Ordinary shares
|
|
286
|
|
286
|
|
45
|
Treasury stock, at cost
|
|
(88,130)
|
|
(88,130)
|
|
(13,902)
|
Additional paid-in capital
|
|
1,902,587
|
|
1,904,908
|
|
300,492
|
Accumulated losses
|
|
(1,299,846)
|
|
(1,351,564)
|
|
(213,204)
|
Statutory reserves
|
|
2,027
|
|
2,027
|
|
320
|
Accumulated other comprehensive
loss
|
|
(15,419)
|
|
(18,278)
|
|
(2,883)
|
Total Jianpu's
shareholders' equity
|
|
501,505
|
|
449,249
|
|
70,868
|
Noncontrolling interests
|
|
19,258
|
|
17,927
|
|
2,828
|
Total shareholders'
equity
|
|
520,763
|
|
467,176
|
|
73,696
|
Total liabilities,
mezzanine equity
and shareholders' equity
|
|
1,069,922
|
|
997,267
|
|
157,315
|
Jianpu Technology Inc.
Unaudited
Condensed Consolidated Statements of Comprehensive
Loss
|
|
|
|
(In thousands,
except for number of shares and
per
share data)
|
|
For the Three Months
Ended March 31,
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
Revenues:
|
|
|
|
|
|
|
Recommendation
services:
|
|
|
|
|
|
|
Loans
[a]
|
|
28,115
|
|
46,552
|
|
7,343
|
Credit cards
|
|
78,156
|
|
97,587
|
|
15,394
|
Total recommendation
services
|
|
106,271
|
|
144,139
|
|
22,737
|
Big data and
system-based risk management services [b]
|
|
26,879
|
|
20,229
|
|
3,191
|
Advertising, marketing
services and other services
|
|
12,415
|
|
43,190
|
|
6,813
|
Total
revenues
|
|
145,565
|
|
207,558
|
|
32,741
|
Costs and
expenses:
|
|
|
|
|
|
|
Cost of promotion and
acquisition 2
|
|
(91,619)
|
|
(149,521)
|
|
(23,586)
|
Cost of operation
[c] 2
|
|
(16,983)
|
|
(18,476)
|
|
(2,915)
|
Total cost of
services
|
|
(108,602)
|
|
(167,997)
|
|
(26,501)
|
Sales and marketing
expenses 2
|
|
(37,060)
|
|
(33,862)
|
|
(5,342)
|
Research and
development expenses [d]
|
|
(36,920)
|
|
(29,765)
|
|
(4,695)
|
General and
administrative expenses
|
|
(30,125)
|
|
(30,548)
|
|
(4,819)
|
Loss from
operations
|
|
(67,142)
|
|
(54,614)
|
|
(8,616)
|
Net interest
expenses
|
|
(1,037)
|
|
(1,321)
|
|
(208)
|
Others, net
|
|
16,703
|
|
2,773
|
|
437
|
Loss before income
tax
|
|
(51,476)
|
|
(53,162)
|
|
(8,387)
|
Income tax
benefits
|
|
151
|
|
125
|
|
20
|
Net
loss
|
|
(51,325)
|
|
(53,037)
|
|
(8,367)
|
Less: net loss
attributable to noncontrolling interests
|
|
(1,380)
|
|
(1,319)
|
|
(208)
|
Net loss
attributable to Jianpu's shareholders
|
|
(49,945)
|
|
(51,718)
|
|
(8,159)
|
Other comprehensive
income/(loss), net
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
4,766
|
|
(2,795)
|
|
(441)
|
Total other
comprehensive income/(loss)
|
|
4,766
|
|
(2,795)
|
|
(441)
|
Total comprehensive
loss
|
|
(46,559)
|
|
(55,832)
|
|
(8,808)
|
Less: total
comprehensive loss attributable to
noncontrolling interests
|
|
(1,207)
|
|
(1,255)
|
|
(198)
|
Total comprehensive
loss attributable to Jianpu's
shareholders
|
|
(45,352)
|
|
(54,577)
|
|
(8,610)
|
Net loss per share
attributable to Jianpu's
shareholders
|
|
|
|
|
|
|
Basic
|
|
(0.12)
|
|
(0.12)
|
|
(0.02)
|
Diluted
|
|
(0.12)
|
|
(0.12)
|
|
(0.02)
|
Net loss per
ADS attributable to Jianpu's
shareholders
|
|
|
|
|
|
|
Basic
|
|
(2.36)
|
|
(2.44)
|
|
(0.39)
|
Diluted
|
|
(2.36)
|
|
(2.44)
|
|
(0.39)
|
Weighted average
number of shares
|
|
|
|
|
|
|
Basic
|
|
423,627,480
|
|
423,677,480
|
|
423,677,480
|
Diluted
|
|
423,627,480
|
|
423,677,480
|
|
423,677,480
|
|
|
|
|
|
|
|
|
[a] Including revenues
from related party of RMB178 and RMB17 for the three months ended
March 31, 2021 and 2022, respectively.
|
[b] Including revenues
from related party of RMB976 and RMB1,172 for the three months
ended March 31, 2021 and 2022, respectively.
|
[c] Including cost of
operation from related party of nil and RMB111 for the three months
ended March 31, 2021 and 2022, respectively.
|
[d] Including expenses
from related party of RMB9 and RMB116 for the three months ended
March 31, 2021 and 2022, respectively.
|
Jianpu Technology Inc.
Unaudited Reconciliations of GAAP and
Non-GAAP Results
|
|
(In thousands)
|
|
For the Three Months
Ended March 31,
|
|
2021
|
|
2022
|
|
2022
|
|
RMB
|
|
RMB
|
|
US$
|
Net
loss
|
|
(51,325)
|
|
(53,037)
|
|
(8,367)
|
Add: Share-based
compensation expenses
|
|
1,962
|
|
2,321
|
|
365
|
Non-GAAP adjusted
net loss
|
|
(49,363)
|
|
(50,716)
|
|
(8,002)
|
Add: Depreciation and
amortization
|
|
3,414
|
|
1,435
|
|
226
|
Net interest
expenses
|
|
1,037
|
|
1,321
|
|
208
|
Income tax
benefits
|
|
(151)
|
|
(125)
|
|
(20)
|
Non-GAAP adjusted
EBITDA
|
|
(45,063)
|
|
(48,085)
|
|
(7,588)
|
1 Non-GAAP adjusted net loss
represents net loss before share-based compensation expenses. There
is no income tax impact of the Non-GAAP adjustment of share-based
compensation expenses. See "Unaudited Reconciliations of GAAP and
Non-GAAP Results" at the end of this press release for more details
about Non-GAAP adjusted net loss. Non-GAAP adjusted net loss margin
equals Non-GAAP adjusted net loss divided by total
revenues.
|
2 In
the second half year of 2021, in light of business development, the
Company added a financial statement line item named cost of
promotion and acquisition and reclassified the previous line item
of cost of revenue and sales and marketing expenses. Cost of
promotion and acquisition primarily consists of expenditures
relating to user traffic acquisition and rewards to business
partners for promotion on social network and social media platform,
which are reclassified from sales and marketing expenses, and
marketing costs related to advertising and marketing services
including commissions paid to individual insurance brokers, which
are reclassified from cost of revenue. Cost of operation, post the
reclassification, consists primarily of costs associated with
maintenance of the platform including data acquisition costs,
bandwidth and server hosting costs, call center outsourcing costs,
online payment processing fees, depreciation, payroll and other
related costs of operations. Sales and marketing expenses, post the
reclassification, consist primarily of marketing expenses relating
to marketing activities, payroll costs and related expenses for
employees involved in sales and marketing activities, and expenses
for the portion of call center operations that the Group
outsources. The cost of operation, cost of promotion and
acquisition, and sales and marketing expenses for prior periods of
2021 presented in this press release have also been retrospectively
reclassified. The amount reclassified from sales and marketing
expenses and cost of revenue to cost of promotion and acquisition
are RMB77.4 million and RMB14.2 million, respectively, for the
first quarter of 2021.
|
3 Non-GAAP adjusted EBITDA represents
EBITDA before share-based compensation expenses. EBITDA represents
net (loss)/income before interest income and expenses, income tax
benefits from net loss, and depreciation and amortization. See
"Unaudited Reconciliations of GAAP and Non-GAAP Results" for more
details.
|
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content:https://www.prnewswire.com/news-releases/jianpu-technology-inc-reports-first-quarter-2022-unaudited-financial-results-301570277.html
SOURCE Jianpu Technology Inc.