Second quarter 2021 earnings released: US$1.83 loss per share (vs US$2.63 loss in 2Q 2020)
The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses.Second quarter 2021 results:
- Revenue: US$1.64m (up 51% from 2Q 2020).
- Net loss: US$107.2m (loss narrowed 21% from 2Q 2020).
Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.