American depositary receipt

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, March 27, 2024
Research, Administration, American depositary receipt, SG&A, ADS, Investment, Compensation, SBC, Debt-to-GDP ratio, Share repurchase, Net income, Convertible

Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.

Key Points: 
  • Cost of Revenue for Supply Chain Management was RMB1,700.5 million (US$239.5 million), or 91.5% of revenue in 2023.
  • Cost of Revenue for Global was RMB1,131.5 million (US$159.4 million), or 119.5% of revenue in 2023.
  • Non-GAAP Net Loss from continuing operations in 2023 was RMB765.6 million (US$107.8 million), compared to RMB1,380.4 million in 2022.
  • Adjusted EBITDA from continuing operations in 2023 was negative RMB613.7 million (US$86.4 million), compared to negative RMB1,181.8 million in 2022.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages JBS S.A. Investors to Inquire About Securities Class Action Investigation - JBSAY

Retrieved on: 
Wednesday, March 27, 2024
Titan, Plaintiff, Environment, ADR, News, American depositary receipt, OTC, JBS, Advertising, Reuters

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22976 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22976 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

Mynd Announces Fiscal Year 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Growth, Education, K-12, Promethean, Acquisition, American depositary receipt, Student, Loss, Investment, Depreciation, Forgiveness

SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.

Key Points: 
  • SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.
  • While the merger transaction marked a pivotal moment in the evolution of the Company, our dedicated team worked tirelessly throughout 2023 to advance our business and deliver positive outcomes for our customers.
  • Our Promethean brand has been named the global leader in IFPDs for education in the fourth quarter of 2023, according to Futuresource Consulting's Q4 2023 report on the global IFPD market.
  • 2 Excluding China, according to Futuresource Consulting's Q4 report of the global IFPD market.

Viomi Announces Receipt of Minimum Bid Price Notice from Nasdaq

Retrieved on: 
Wednesday, March 27, 2024
Internet of things, Calendar, American depositary receipt

GUANGZHOU, China, March 27, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated March 26, 2024, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1).

Key Points: 
  • GUANGZHOU, China, March 27, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it has received a written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated March 26, 2024, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1).
  • Pursuant to the Nasdaq Listing Rules, the Company is provided with a compliance period of 180 calendar days, or until September 23, 2024, to regain compliance.
  • If at any time during the 180-day compliance period, the closing bid price of the Company's ADSs is at lease US$1.00 per share for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and that matter will be closed.
  • The Nasdaq notification letter will have no effect on the Company's business operations, and the Company will take all reasonable measures to regain compliance.

LightInTheBox Announces (1) Fourth Quarter and Full Year 2023 Financial Results and (2) Receipt of Non-compliance Letter from NYSE Regarding ADS Trading Price

Retrieved on: 
Monday, March 25, 2024
PIN, Asset, G&A, ADS, Bank statement, Investment, Depreciation, GAAP, American depositary receipt, Calendar, Share repurchase, Marketing, LightInTheBox, Video game

Gross profit in the fourth quarter of 2023 was $75.4 million, compared with $84.4 million in the same quarter of 2022.

Key Points: 
  • Gross profit in the fourth quarter of 2023 was $75.4 million, compared with $84.4 million in the same quarter of 2022.
  • Gross margin was 55.6% in the fourth quarter of 2023, compared with 53.9% in the same quarter of 2022.
  • Total operating expenses in the fourth quarter of 2023 were $80.2 million, compared with $89.3 million in the same quarter of 2022.
  • Fulfillment expenses in the fourth quarter of 2023 were $8.1 million, compared with $8.9 million in the same quarter of 2022.

EVVTY DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Evolution AB (publ) Investors to Secure Counsel Before Important March 25 Deadline in Securities Class Action - EVVTY

Retrieved on: 
Sunday, March 24, 2024
Titan, Growth, Plaintiff, Class, Evolution, American depositary receipt, OTC, Lung compliance, Advertising, Court, Tobacco

WHAT TO DO NEXT: To join the Evolution class action, go to https://rosenlegal.com/submit-form/?case_id=22119 or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Evolution class action, go to https://rosenlegal.com/submit-form/?case_id=22119 or call Phillip Kim, Esq.
  • If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2024.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

INVESTOR ALERT: Ahead of March 25 Deadline, LKLSG Alerts Evolution AB (publ) (EVVTY) Shareholders of an Imminent Securities Class Action Lawsuit

Retrieved on: 
Saturday, March 23, 2024
Telephone, Gambling, Bankruptcy, Report, Growth, Lawyer, Court, OTC, American depositary receipt, Security (finance)

Its American Depositary Shares ("ADSs") trade in the OTC Market in the United States under the ticker EVVTY.

Key Points: 
  • Its American Depositary Shares ("ADSs") trade in the OTC Market in the United States under the ticker EVVTY.
  • The lawsuit alleges that when the true facts were revealed to the market, the EVVTY share price dropped, damaging its investors.
  • If you are a member of the class, you can be represented by counsel without paying any out-of-pocket attorney's fees or costs.
  • LKLSG's lawyers have secured hundreds of millions of dollars for investors and consumers in class action and other complex litigation cases, including securities class actions.

Sify Technologies Ltd. Announces Plans for Rights Offering to Shareholders

Retrieved on: 
Thursday, March 21, 2024
Exchange, Sify, Partnership, Sale, American depositary receipt, Security (finance), Prospectus, Data center, Person, Citibank, MPLS, Rights, Data, Register, ICT

The Company today announced that it has filed a Registration Statement on Form F-1 (the "Registration Statement") with the Securities and Exchange Commission for a rights offering (the "Rights Offering") to holders of its equity shares and American Depositary Shares ("ADSs").

Key Points: 
  • The Company today announced that it has filed a Registration Statement on Form F-1 (the "Registration Statement") with the Securities and Exchange Commission for a rights offering (the "Rights Offering") to holders of its equity shares and American Depositary Shares ("ADSs").
  • The Rights Offering will include an over-subscription right, which will permit each rights holder that exercises its subscription rights in full the option to purchase additional equity shares or ADSs, as the case may be, that remain unsubscribed at the expiration of the Rights Offering.
  • The Rights Offering will not commence until the Registration Statement has been declared effective by the Securities and Exchange Commission.
  • The record date for the distribution of the rights, the dates for both the subscription period and expiration of the Rights Offering and other pricing information will be included in the Company's final prospectus relating to the Rights Offering.

Cheetah Mobile Announces Second Half and Full Year 2023 Unaudited Consolidated Financial Results

Retrieved on: 
Thursday, March 21, 2024
Research, Growth, H.10, RMB, American depositary receipt, AGI, Operating cost, Acquisition, AI, ADS, Cheetah Mobile, Translation, LLM, Advertising, Investment, Marketing, Total, Rare-earth element

BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.

Key Points: 
  • BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.
  • Cost of revenues decreased by 8.3% year over year to RMB118.6 million (US$16.7 million) in the second half of 2023.
  • Gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.
  • Non-GAAP gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024
Atmos, Venus, Online, TME, Growth, H.10, RMB, Media, Music, Light, Internet of things, Universal Music Group, Economic development, Dolby Atmos, American depositary receipt, ADS, Translation, Bank statement, Advertising, Investment, Maus, Tourism, QQ Music, USD, Marketing, Video game

For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.

Key Points: 
  • For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.
  • Capitalized on rising live music opportunities by hosting a growing number of offline music events in multi-faceted performance formats in 2023.
  • Effective tax rate for the fourth quarter of 2023 was 17.3% compared to 12.2% in the same period of 2022.
  • [2] Starting from the first quarter of 2023, online music MAUs include unique mobile and certain IoT devices.