Keep Your Eyes on Stock News: Xunlei Limited (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) noted trading -60.00% off 52-week high price. On the other end, the stock has been noted 54.01% away from the low price over the last 52-weeks. The stock changed -4.64% to recent value of $2.88. The stock transacted 707970 shares during most recent day however it has an average volume of 947.44K shares. The company has 75.70M of outstanding shares and 64.01M shares were floated in the market.

On March 12, 2020, Xunlei Limited (NASDAQ:XNET) a leading innovator in shared cloud computing and blockchain technology in China, notified its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2019.

 

Fourth Quarter 2019 Financial Highlights:

  • Total revenues were US$48.3 million, representing an increase of 10.2% from the previous quarter.

 

  • Cloud computing and other internet value-added services (Cloud computing and IVAS) revenues were US$24.6 million, representing an increase of 18.0% from the previous quarter.
  • Subscription revenues were US$19.8 million, representing an increase of 2.9% from the previous quarter.
  • Online advertising revenues (consisting primarily of revenues from mobile advertising) were US$3.9 million, representing an increase of 3.9% from the previous quarter.
  • Gross profit was US$17.9 million, representing a decrease of 7.2% from the previous quarter, and gross margin was 37.1% in the fourth quarter, compared with 44.1% in the previous quarter.
  • Net loss was US$18.1 million in the fourth quarter, compared with a net loss of US$24.6 million in the previous quarter.
  • Diluted loss per ADS was US$0.27 as compared with a loss of US$0.36 in the previous quarter.
  • Fiscal Year Ended December, 31 2019 Financial Highlights:
  • Total revenues were US$181.3 million, representing a decrease of 21.9% from 2018.
  • Cloud computing and IVAS revenues were US$84.1 million, representing a decrease of 31.3% from 2018.
  • Subscription revenues were US$81.5 million, representing a decrease of 0.4% from 2018.
  • Online advertising revenues were US$15.6 million, representing a decrease of 43.7% from 2018.
  • Gross profit was US$80.8 million, representing a decrease of 29.7% from 2018, and gross margin was 44.5%, compared with 49.5% in the previous year.
  • Net loss from continuing operations was US$53.4 million for fiscal year 2019, compared with a net loss of US$40.8 million for 2018.
  • Diluted loss per ADS from continuing operations in 2019 was US$0.79, compared with a loss of US$0.61 in the previous year.

while earning per share for the next 5-years is expected to reach at 19.00%. XNET has a gross margin of 46.80%.

According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -29.79% from the mean of 20 days, -35.67% from mean of 50 days SMA and performed -19.12% from mean of 200 days price. Company’s performance for the week was -22.58%, -39.11% for month and YTD performance remained -41.22%.

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