The Zhitong Finance app learned that before the US stock market on May 26, 36Krypton (KRKR.US) announced its financial report for the first quarter of 2020.

Financial Data Summary

The revenue of 36 krypton for the first quarter was 65.2 million yuan (unit: RMB, same below), compared to 83.8 million yuan for the same period last year. By business division, the revenue of online advertising services was 21 million, a year-on-year decrease of 39.5%. Enterprise value-added service revenue was 42.8 million yuan, up 3.4% year on year. Subscription service revenue was 1.3 million yuan, a year-on-year decrease of 82.3%. 36 Krypton pointed out that the decline in revenue was mainly affected by public health events.

The revenue cost for 36 krypton was 59.7 million yuan, which is basically the same as the same period last year. Gross profit was 5.4 million yuan, compared to 24.4 million yuan for the same period last year.

The net loss of 36 krypton was 95.4 million US dollars in the current quarter, compared to 130 million yuan in the same period last year. The loss was 0.093 yuan per share after dilution, compared to a loss of 0.421 yuan per share for the same period last year.

Under non-GAAP, the net loss for the first quarter was 82.9 million yuan, compared to 12.4 million yuan for the same period last year.

Operation Overview

The average monthly page views (PV) of 36 krypton as of March 31, 2020 was 473.9 million, an increase of 110% over the previous year.

As of March 31, 2020, the company held cash and cash equivalents, restricted cash, time deposits and short-term investments of RMB 166 million, compared to RMB 264.2 million in the same period last year.

36 Krypton did not provide guidance on the second quarter and full year results in the financial report.