MTBLY · As filed with the SEC
Moatable income statement, by fiscal year
The statement as Moatable presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD, except per-share amounts
| USD, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Statement | ||||||
| Revenues: | ||||||
| Total revenues | 63,459,000 | 52,073,000 | 45,808,000 | 32,219,000 | 18,106,000 | 15,085,000 |
| SaaS revenue | — | — | 45,309,000 | 31,849,000 | 17,519,000 | 8,261,000 |
| SaaS revenue | 63,288,000 | 51,918,000 | — | — | — | — |
| Other services | 171,000 | 155,000 | 499,000 | 370,000 | 587,000 | 6,824,000 |
| Cost of revenues: | ||||||
| Total cost of revenues | 15,149,000 | 11,212,000 | 10,410,000 | 6,839,000 | 3,451,000 | 6,718,000 |
| SaaS revenue | — | — | 10,036,000 | 6,826,000 | 3,353,000 | 1,743,000 |
| SaaS revenue | 15,005,000 | 10,876,000 | — | — | — | — |
| Other services | 144,000 | 336,000 | 374,000 | 13,000 | 98,000 | 4,975,000 |
| Gross profit | 48,310,000 | 40,861,000 | 35,398,000 | 25,380,000 | 14,655,000 | 8,367,000 |
| Operating expenses | ||||||
| Selling and marketing | 19,324,000 | 18,750,000 | 19,624,000 | 13,998,000 | 8,293,000 | 10,780,000 |
| Research and development | 19,101,000 | 18,358,000 | 16,187,000 | 10,721,000 | 11,347,000 | 22,791,000 |
| General and administrative | 12,638,000 | 12,599,000 | 14,788,000 | 20,130,000 | 22,242,000 | 10,089,000 |
| Bad debt provision of prepaid expenses and other current assets | — | — | — | 0 | 0 | 418,000 |
| Provision of amount due from a related party | — | — | — | 0 | 0 | 12,408,000 |
| Impairment of goodwill | 0 | 395,000 | 0 | 0 | 0 | 9,288,000 |
| Impairment of intangible assets | 207,000 | 1,500,000 | 962,000 | — | — | — |
| Total operating expenses | 51,270,000 | 51,602,000 | 51,561,000 | 44,849,000 | 41,882,000 | 65,774,000 |
| Loss from operations | (2,960,000) | (10,741,000) | (16,163,000) | (19,469,000) | (27,227,000) | (57,407,000) |
| Other income, net | 607,000 | 2,416,000 | 3,169,000 | 792,000 | 3,543,000 | 1,523,000 |
| Loss from fair value change of a long-term investment | — | — | (10,422,000) | — | — | — |
| Gain from fair value change of contingent consideration | — | — | 0 | 1,115,000 | (1,027,000) | 20,662,000 |
| Impairment of available-for-sale investment | — | — | — | 0 | 0 | (2,000,000) |
| Impairment of equity investments without readily determinable fair values | — | — | (44,474,000) | (1,526,000) | 0 | 0 |
| Provision of restricted cash | — | — | (50,000) | (9,284,000) | 0 | 0 |
| Provision of amount due from the deconsolidated subsidiary | — | — | — | (3,943,000) | 0 | 0 |
| Loss from fair value change of a long-term investment | — | (7,715,000) | — | — | — | — |
| Loss from fair value change of a long-term investment | (1,864,000) | — | — | — | — | — |
| Impairment of long-term investments without readily determinable fair values | (685,000) | — | — | — | — | — |
| Interest income | 1,515,000 | 1,635,000 | 602,000 | 238,000 | 8,079,000 | 8,776,000 |
| Interest expense | — | — | (25,000) | (51,000) | (303,000) | (566,000) |
| Loss related to contingent liability settlement | — | — | — | (13,246,000) | 0 | 0 |
| Loss before provision of income tax and loss in equity method investments and non-controlling interest, net of tax | (3,387,000) | (14,405,000) | (67,363,000) | (45,374,000) | (16,935,000) | (29,012,000) |
| Income tax benefits | 857,000 | 6,712,000 | 2,342,000 | 969,000 | 65,000 | (1,944,000) |
| Loss before loss in equity method investments and noncontrolling interest, net of tax | — | — | (65,021,000) | (44,405,000) | (16,870,000) | (30,956,000) |
| Loss before loss in equity method investments and non-controlling interest, net of tax | (2,530,000) | (7,693,000) | — | — | — | — |
| Impairment on and (loss) income in equity method investments, net of tax | 37,000 | (2,218,000) | (11,397,000) | (59,001,000) | 70,000 | (7,464,000) |
| Loss from continuing operations | — | — | (76,418,000) | (103,406,000) | (16,800,000) | (38,420,000) |
| Loss from the operations of the discontinued operations, net of tax expenses of $nil for the years ended December 31, 2021 and 2022, respectively | — | — | — | (10,896,000) | (5,320,000) | (69,068,000) |
| Gain on deconsolidation of the discontinued operations, net of tax of nil for the years ended December 31, 2019, 2020 and 2021, respectively | — | — | — | 123,667,000 | 0 | 0 |
| Income from discontinued operations, net of tax expenses of $nil for the years ended December 31, 2021 and 2022 | — | — | — | 112,771,000 | (5,320,000) | (69,068,000) |
| Net loss | (2,493,000) | (9,911,000) | (76,418,000) | 9,365,000 | (22,120,000) | (107,488,000) |
| Less: Net loss attributable to non-controlling interests | (356,000) | (919,000) | (1,174,000) | (623,000) | (2,900,000) | (56,391,000) |
| Net loss from discontinued operations attributable to non-controlling interests | — | — | — | 3,675,000 | 0 | 0 |
| Net loss from continuing operations attributable to Renren Inc. | — | — | (75,244,000) | (102,783,000) | (13,900,000) | 17,971,000 |
| Net income from discontinued operations attributable to Renren Inc. | — | — | — | 116,446,000 | (5,320,000) | (69,068,000) |
| Net loss attributable to Moatable, Inc. | (2,137,000) | (8,992,000) | (75,244,000) | 13,663,000 | (19,220,000) | (51,097,000) |
| Basic (in dollars per share) | — | — | (0.07) | (0.09) | (0.01) | 0.02 |
| Diluted (in dollars per share) | — | — | (0.07) | (0.09) | (0.01) | 0.02 |
| Net loss per share: | ||||||
| Net loss per share attributable to Moatable, Inc. shareholders: | ||||||
| Basic (in dollars per share) | — | — | — | 0.11 | (0.01) | (0.07) |
| Basic (in dollars per share) | (0.00) | (0.01) | (0.07) | 0.01 | (0.02) | (0.05) |
| Diluted (in dollars per share) | — | — | — | 0.10 | (0.01) | (0.07) |
| Diluted (in dollars per share) | (0.00) | (0.01) | (0.07) | 0.01 | (0.02) | (0.05) |
| Weighted average number of shares used in calculating net loss per share attributable to Moatable, Inc. shareholders: | ||||||
| Basic (in shares) | — | — | 1,133,947,967 | 1,099,535,481 | 1,063,651,105 | 1,049,024,096 |
| Diluted (in shares) | — | — | 1,133,947,967 | 1,099,535,481 | 1,063,651,105 | 1,049,024,096 |
| Basic (in shares) | — | — | 1,133,947,967 | 1,099,535,481 | 1,063,651,105 | 1,049,024,096 |
| Diluted (in shares) | — | — | 1,133,947,967 | 1,099,535,481 | 1,063,651,105 | 1,049,024,096 |
| Basic (in shares) | 786,102,911 | 953,320,487 | — | — | — | — |
| Diluted (in shares) | 786,102,911 | 953,320,487 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.