On August 27th, GOTU.US dropped by about 16% in early trading, reaching a low of $3.43. Today, GOTU released its Q2 financial report as of June 30th, with a net revenue of 1.0098 billion yuan, a year-on-year increase of 43.6%; a net loss of 0.4296 billion yuan, compared to a net income of 56.2 million yuan in the same period last year; the gross margin decreased from 73.8% in the same period last year to 69%.
美股异动丨高途一度跌约16% Q2同比由盈转亏 毛利率下滑至69%
U.S. Stocks Update: Gatitu's stock once fell by about 16%, Q2 turned from profit to loss year-on-year, and gross margin declined to 69%.
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