OPERATING EXPENSES: Total operating costs were RMB181.7 M ( US$ 26.5 M), contrast with RMB203.3 M in the comparable duration of 2018.
Gridsum Holding Inc (GSUM) just recently mentioned its unaudited financial outcomes for the second quarter ended June 30, 2019.
LOSS FROM OPERATIONS: Loss from operations was RMB132.0 M ( US$ 19.2 M), contrast with RMB113.7 M in the equivalent period of 2018.
Sales and marketing expenses were RMB38.1 M ( US$ 5.6 M), contrast with RMB40.1 M in the equivalent period of 2018. The reduction was mostly Because of a RMB4.0 M reduction in staff and other expenses, which was partially offset by a RMB1.0 M boost in share-based settlement expenditures.
Research and development expenses were RMB87.9 M ( US$ 12.8 M), contrast with RMB119.9 M in the comparable period of 2018. The decline primarily showed the Company moving past the peak of front-end investment into its commercial AI and IIoT platforms.
General and administrative expenses were RMB55.7 M ( US$ 8.1 M), contrast with RMB43.3 M in the equivalent duration of 2018. The increase was primarily Because of a RMB8.7 M increase in share-based compensation expenditures, a RMB5.4 M boost in workplace leasing expenses and a RMB5.3 M increase in staff expenses, which were partially offset by a RMB12.9 M reduction in professional service charge.
On 05 Oct 2019, Gridsum Holding Inc – ADR (NASDAQ: GSUM) remained amongst the day gainers losers and traded with modification of 2.47% on volume of 13022 shares in the last session as compared to typical volume of 27186 shares. Throughout last trade its minimum price was $1.64 and it gained greatest rate of $1.7. GSUM has overall market capitalization of $57204827. Its closing value stands at $1.66.
Second Quarter 2019 Review
GSUM price reduced at -13.95% from 20-Days Simple Moving Average, plunged at -23.89% from 50-Days Simple Moving Average and settled at -41.29% from 200 Days Simple Moving Average. The brief ratio in the companys stock is recorded at 7.3 and the short float is around of 1.66%. The typical real series of the stock is observed at 0.17 and the relative strength index of the stock is taped at 34.39.
On 05 Oct 2019, Gridsum Holding Inc – ADR (NASDAQ: GSUM) remained amongst the day gainers losers and traded with modification of 2.47% on volume of 13022 shares in the last session as compared to typical volume of 27186 shares. Throughout last trade its minimum price was $1.64 and it gained highest price of $1.7. GSUM has total market capitalization of $57204827. GSUM price decreased at -13.95% from 20-Days Simple Moving Average, plunged at -23.89% from 50-Days Simple Moving Average and settled at -41.29% from 200 Days Simple Moving Average.
The Companys restructuring of its sales and service functions continues to acquire traction and is producing a more ideal income blend with a focus on higher-return opportunities. Following important financial investments in its commercial AI and IIoT platforms throughout 2018, income from the Companys IIoT business continued to get strong growth momentum throughout the quarter and accounted for a low double-digit percentage of total incomes in the quarter.
The Companys efficiency in the 2nd quarter of 2019 continued to reflect the Company moving through resolution of some of the obstacles, coming from 2018, where a number of problems and events adversely affected the Companys business and performance. In addition, revenue and development momentum continued to be affected by the slowdown in the Chinese economy.