Generally Accepted Accounting Principles

JMU Limited Reports Audited Fiscal Year 2018 Financial Results

Retrieved on: 
Monday, July 1, 2019

SHANGHAI, July 1, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU), a B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced its audited financial results for the fiscal year ended December 31, 2018.

Key Points: 
  • SHANGHAI, July 1, 2019 /PRNewswire/ -- JMU Limited (the "Company" or "JMU") (Nasdaq: JMU), a B2B online e-commerce platform that provides integrated services to suppliers and customers in the foodservice industry in China, today announced its audited financial results for the fiscal year ended December 31, 2018.
  • Active customer accounts were 10,304 as of December 31, 2018, decreasing 68.8% from 33,025 as of December 31, 2017.
  • The decrease of revenue in 2018 was mainly due the Company re-examining its B2B platform business and re-developing and transforming its future positioning and strategy in 2018.
  • Our non-GAAP financial information should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for or superior to U.S. GAAP financial results.

CalAmp Reports Fiscal 2020 First Quarter Financial Results

Retrieved on: 
Thursday, June 27, 2019

CalAmp is hosting a conference call for analysts and investors to discuss its first quarter fiscal 2020 results and outlook for the second quarter of fiscal 2020 at 1:30 p.m. Pacific Time today.

Key Points: 
  • CalAmp is hosting a conference call for analysts and investors to discuss its first quarter fiscal 2020 results and outlook for the second quarter of fiscal 2020 at 1:30 p.m. Pacific Time today.
  • These non-GAAP financial measures are provided in addition to, and not as a substitute for measures of financial performanceprepared in accordance with GAAP.
  • We use these non-GAAP financial measures to provide investors with an overall understanding of the financial performance and future prospects of our core business activities.
  • CalAmp and LoJack and the related logos are among the trademarks of CalAmp Corp. and/or its affiliates in the United States, certain other countries, and/or the European Union.

BlackBerry Comments on Use of Non-GAAP Metrics

Retrieved on: 
Thursday, June 27, 2019

WATERLOO, Ontario, June 27, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today released the following statement regarding an article that claimed the company's first-quarter earnings press release presented non-GAAP metrics in violation of U.S. securities laws.

Key Points: 
  • WATERLOO, Ontario, June 27, 2019 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today released the following statement regarding an article that claimed the company's first-quarter earnings press release presented non-GAAP metrics in violation of U.S. securities laws.
  • "The information in our financial disclosures complies with U.S. securities laws that apply to us as a Canadian foreign private issuer, including all rules regarding the use of non-GAAP measures.
  • We believe the non-GAAP information, together with our GAAP information, provides shareholders with valuable information regarding our financial performance."
  • BlackBerry (NYSE: BB; TSX: BB) is a trusted security software and services company that provides enterprises and governments with the technology they need to secure the Internet of Things.

Gridsum Reports Unaudited First Quarter 2019 Financial Results

Retrieved on: 
Monday, June 24, 2019

BEIJING, June 24, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today reported its unaudited financial results for the first quarter ended March 31, 2019.

Key Points: 
  • BEIJING, June 24, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today reported its unaudited financial results for the first quarter ended March 31, 2019.
  • For purposes of determining net loss per ADS attributable toGridsum'sordinary shareholders, the weighted average number of ordinary shares for the first quarter of 2019 was 31,876,482.
  • Investors are encouraged to review our financial information in its entirety and not rely on a single financial measure.
  • A reconciliation of these non-GAAP financial measures to their closest U.S. GAAP financial measures appears at the end of this release.

Coupa Software Reports Financial Results For the First Quarter of Fiscal 2020

Retrieved on: 
Monday, June 3, 2019

SAN MATEO, Calif., June 3, 2019 /PRNewswire/ --Coupa Software (NASDAQ: COUP) today announced financial results for its first fiscal quarter ended April 30, 2019.

Key Points: 
  • SAN MATEO, Calif., June 3, 2019 /PRNewswire/ --Coupa Software (NASDAQ: COUP) today announced financial results for its first fiscal quarter ended April 30, 2019.
  • Through innovations in the Coupa BSM Platform, including areas like Coupa Community Intelligence, we're empowering everyone in the BSM community to spend smarter together."
  • See the section titled "Non-GAAP Financial Measures" and the reconciliation tables below for important details regarding Coupa's non-GAAP measures.
  • Coupa compensates for these limitations by providing investors and other users of its financial information a reconciliation of non-GAAP measures to the related GAAP financial measures.

Yintech Reports First Quarter 2019 Unaudited Financial Results

Retrieved on: 
Friday, May 31, 2019

The strength of these results more than offset the slight decline in commodity trading revenues," said Mr. Wenbin Chen, Chairman and CEO of Yintech.

Key Points: 
  • The strength of these results more than offset the slight decline in commodity trading revenues," said Mr. Wenbin Chen, Chairman and CEO of Yintech.
  • Revenuesfor the quarter were RMB454.3 million (US$67.7 million), compared with RMB268.5 million for the same quarter last year and RMB295.2 million for the previous quarter.
  • The financial results reported in accordance with U.S. GAAP and reconciliation of GAAP to non-GAAP results should be carefully evaluated.
  • The Company utilized the non-GAAP financial results to make financial results comparable period to period and to better understand its historical business operations.

Okta Announces Record First Quarter Financial Results

Retrieved on: 
Thursday, May 30, 2019

Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its first quarter ended April30, 2019.

Key Points: 
  • Okta, Inc. (NASDAQ: OKTA), the leading independent provider of identity for the enterprise, today announced financial results for its first quarter ended April30, 2019.
  • First Quarter Fiscal 2020 Financial Highlights:
    Revenue: Total revenue was $125.2 million, an increase of 50% year-over-year.
  • Okta believes that non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results.
  • Okta encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Companys business.

Weibo Reports First Quarter 2019 Unaudited Financial Results

Retrieved on: 
Thursday, May 23, 2019

This release contains the following non-GAAP financial measures: non-GAAP costs and expenses, non-GAAP income from operations, non-GAAP net income attributable to Weibo, non-GAAP diluted net income per share attributable to Weibo and adjusted EBITDA.

Key Points: 
  • This release contains the following non-GAAP financial measures: non-GAAP costs and expenses, non-GAAP income from operations, non-GAAP net income attributable to Weibo, non-GAAP diluted net income per share attributable to Weibo and adjusted EBITDA.
  • These non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with U.S. GAAP.
  • The Company's non-GAAP financial measures do not include all income and expense items that affect the Company's operations.
  • Reconciliations of the Company's non-GAAP financial measures to the nearest comparable GAAP measures are set forth in the section below titled "Unaudited Reconciliation of Non-GAAP to GAAP Results."

Copart Reports Third Quarter Fiscal 2019 Financial Results

Retrieved on: 
Wednesday, May 22, 2019

Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April30, 2019.

Key Points: 
  • Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April30, 2019.
  • On Thursday, May 23, 2019, at 9 a.m. Eastern time, Copart will conduct a conference call to discuss the results for the quarter.
  • In addition, these non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
  • Accordingly, Copart has presented herein, and will present in other information it publishes that contains these non-GAAP financial measures, a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures.

FAF Appoints Carolyn Smith to Governmental Accounting Standards Board

Retrieved on: 
Wednesday, May 22, 2019

The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed Carolyn Smith to a five-year term on the Governmental Accounting Standards Board (GASB).

Key Points: 
  • The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed Carolyn Smith to a five-year term on the Governmental Accounting Standards Board (GASB).
  • View the full release here: https://www.businesswire.com/news/home/20190522005028/en/
    The FAF Board of Trustees is pleased to welcome Carolyn to the GASB, said FAF Chairman Charles H. Noski.
  • Established in 1972, the Financial Accounting Foundation (FAF) is the independent, private-sector, not-for-profit organization based in Norwalk, Connecticut responsible for the oversight, administration, financing, and appointment of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).
  • The Financial Accounting Foundation (FAF) supports and oversees the GASB.