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CooTek (Cayman) Inc. (NYSE: CTK) participated in the Online Literature Summit 2020, discussing the future of online literature. Linchen Li, deputy editor of Fengdu Novel, emphasized the importance of AI in enhancing content creation. Fengdu Novel has over 20 million monthly active users and aims to support mid-tier authors while promoting traditional Chinese culture. CooTek plans to leverage original content across various media formats, developing a pan-entertainment ecosystem. The company is committed to evolving the online literature sector, utilizing AI technology to meet diverse reader needs.
CooTek (Cayman) Inc. (NYSE: CTK) reported a strong third quarter for 2020, with net revenues of US$105.7 million, up 238% year-over-year. Gross profit also surged 261% to US$98.9 million, achieving a gross profit margin of 93.6%. However, the company faced a net loss of US$22.0 million, compared to US$16.2 million lost last year. Active users increased significantly, with 94.8 million monthly active users across their products. The company anticipates fourth-quarter revenue around US$106 million, a 54% year-over-year increase.
CooTek (Cayman) Inc. (NYSE: CTK) announced it will report its unaudited financial results for the third quarter of 2020 on December 15, before U.S. market opens. The earnings call is scheduled for 8:00 AM ET the same day. Interested parties can dial in using the provided numbers from various regions, with a passcode of 'CooTek'. Additionally, a replay will be available until December 22. CooTek focuses on developing mobile applications in online literature, content apps, and games, aiming to meet the content needs of mobile users globally.
CooTek (Cayman) Inc. (NYSE: CTK) announced its participation in several upcoming virtual investor conferences. The key events include the ICA BEST of Asia Discovery Conference on December 10, 2020, the ICA Insight Series on December 22, 2020, and the Needham Growth Conference 2021 on January 11, 2021. Additionally, CooTek will participate in the ICR Conference from January 11-14, 2021. The company aims to connect with institutional investors during these timelines. For further details, stakeholders can visit the investor relations website.
CooTek (Cayman) Inc. (NYSE: CTK) announced its annual general meeting of shareholders, scheduled for December 17, 2020, at 8:00 PM HKT in Shanghai. Attendees can join in person or virtually due to COVID-19 restrictions. The meeting will be an open forum with no proposals requiring shareholder approval. The record date for eligible shareholders is November 19, 2020. The company has filed its Annual Report for the fiscal year ended December 31, 2019, with the SEC, available on its website and the SEC’s site.
CooTek (Cayman) Inc. (NYSE: CTK) announced participation in virtual investor conferences, including the BofA Securities China Conference from November 2-13, 2020, and the dbVIC Deutsche Bank ADR Conference on November 18, 2020, at 9:30 a.m. ET. The company's management will engage in meetings with institutional investors during these events. CooTek is recognized for its user-centric mobile applications that focus on online literature, scenario-based content, and casual games. For further details, visit CooTek Investor Relations.
CooTek (Cayman) Inc. (NYSE: CTK) announced its participation in several virtual investor conferences from November 2 to November 18, 2020. Notable events include the BofA Securities 2020 China Conference (November 2-13), the Citi China Investor Conference (November 4-6), and a presentation at the dbVIC - Deutsche Bank ADR Conference on November 18 at 10:30 a.m. HKT. CooTek aims to connect with institutional investors through these meetings, underscoring its commitment to a user-centric mobile application strategy.
CooTek (NYSE: CTK) reported a strong second quarter for 2020 with net revenue reaching US$126.4 million, a 236% increase from the prior year. Gross profit also surged to US$120.7 million, yielding a gross margin of 95.5%. The company achieved a net income of US$3.1 million, a turnaround from a net loss of US$14.1 million a year ago. The firm is transitioning to a content-rich app ecosystem, with 99% of revenue coming from portfolio products, especially online literature.
Robust user engagement metrics were noted, though an overall decline in daily active users was observed in certain categories.
CooTek (Cayman) Inc. (NYSE: CTK) will report its unaudited financial results for Q2 2020 on August 18, 2020, before U.S. markets open. An earnings call will follow at 8:00 AM ET the same day. The call will be accessible via multiple dial-in options for U.S., Hong Kong, China, and international participants. A replay will be available until August 25, 2020. CooTek focuses on mobile applications with a user-centric approach, catering to evolving content needs through online literature, scenario-based apps, and casual games.
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