Third Quarter Revenues of RMB332.6 million, up 6.3% year-over-year
Third Quarter GMV of RMB816.5 million, up 6.9% year-over-year
SHANGHAI, March 3, 2022 /PRNewswire/ -- Boqii Holding
Limited ("Boqii" or the "Company") (NYSE: BQ), a leading
pet-focused platform in China,
today announced its unaudited financial results for the third
quarter of fiscal year 2022 (the quarter ended December 31, 2021).
Fiscal Q3 2022 Operational and Financial Highlights
- Total revenues were RMB 332.6
million (US$ 52.2 million),
representing an increase of 6.3% from RMB312.9 million in the same quarter of
fiscal year 2021.
- Net loss was RMB28.8
million (US$4.5 million),
representing an improvement from net loss of RMB81.9 million in the same quarter of fiscal
year 2021.
- Adjusted net loss was RMB25.4 million (US$4.0
million), representing an improvement from adjusted net loss
of RMB30.5 million in the same
quarter of fiscal year 2021.
- EBITDA[1] was a loss of RMB25.6 million (US$4.0
million), representing an improvement from a loss of
RMB79.2 million in the same quarter
of fiscal year 2021.
- Total GMV[2] was RMB816.5 million (US$128.1
million), representing an increase of 6.9% from RMB763.8 million in the same quarter of fiscal
year 2021.
- Active buyers were 2 million, representing an
increase of 26.3% from 1.5 million in the same quarter of fiscal
year 2021.
|
[1]EBITDA refers
to net loss excluding income tax expenses, interest expense,
interest income, depreciation and amortization expenses. EBITDA is
a Non-GAAP financial measurement. Please refer to "Non-GAAP
financial measurement".
|
|
[2]GMV refers to
gross merchandise volume, which is the total value of confirmed
orders placed with us and sold through distribution model or drop
shipping model where we act as a principal in the transaction
regardless of whether the products are delivered or returned,
calculated based on the listed prices of the ordered products
without taking into consideration any discounts. The total GMV
amount (i) includes GMV of products sold by Xingmu, (ii) excludes
products sold through consignment model and (iii) excludes the
value of services offered by us. GMV is subject to future
adjustments (such as refunds) and represents only one measure of
the Company's performance and should not be relied on as an
indicator of our financial results, which depend on a variety of
factors.
|
CEO & CFO Quote
Mr. Hao Liang, Boqii's Founder, Chairman and Chief Executive
Officer commented, "We maintained continuous topline growth in
the third fiscal quarter of 2022 amidst challenging market
conditions. On top of that, we are pleased to report fast-improving
profit margins, highlighting the progress we made in achieving
profitability. We also announced a strategic partnership with
Evetsoft Pet Hospital Software and furthered our pet care supply
chain readiness, to provide pets with better care at more
accessible price points."
Ms. Yingzhi (Lisa) Tang, Boqii's
Co-Founder, Co-CEO and CFO commented: "Continuous growth momentum
from online marketing, information services, and other revenue once
again exhibited the strength of our vertical platform and unique
value propositions to other players in the industry chain. Our
improved gross margin also demonstrated our ability to achieve
profitability. We are committed to bringing the best-in-class
products and services closer to our ever-increasing customer base
and industry partners, to capture the enormous opportunities
in the pet industry."
Fiscal Q3 2022 Financial Results
Total revenues were RMB332.6
million (US$52.2 million),
representing an increase of 6.3% from RMB312.9 million in the same quarter of fiscal
year 2021. The increase was primarily due to the continued organic
growth of our business.
|
Revenues
(in million)
|
|
Three Months
Ended
December
31
|
|
%
|
|
2021
|
|
2020
|
|
change
|
|
RMB
|
|
RMB
|
|
YoY
|
|
Product
sales
|
|
317.4
|
|
312.3
|
|
1.6%
|
|
·
Boqii Mall
|
|
121.3
|
|
114.1
|
|
6.3%
|
|
·
Third party e-commerce platforms
|
|
196.1
|
|
198.2
|
|
(1.1%)
|
|
Online marketing and
information services and other revenue
|
|
15.2
|
|
0.6
|
|
2433.3%
|
|
Total
|
|
322.6
|
|
312.9
|
|
6.3%
|
Gross profit was RMB76.9
million (US$12.1 million),
representing an increase of 37% from RMB56.1
million in the same quarter of fiscal year 2021.
Gross margin was 23.1%, representing an increase
from 17.9% in the same quarter of fiscal year 2021.
Operating expenses were RMB108.2 million, representing a decrease of
28.1% from RMB150.5 million in the
same quarter of fiscal year 2021. Operating expenses as a
percentage of total revenues was 32.5%, representing a decrease
from 48.1% in the same quarter of fiscal year 2021. The decrease
was primarily due to share-based compensation
expenses incurred in fiscal year 2021. Pursuant to the Amended
and Restated 2018 Global Share Plan, the performance condition for
options granted thereunder was satisfied upon completion of our
IPO; and as a result, the company, upon the completion of the IPO,
recorded RMB44.1 million of
cumulative share-based compensation expenses for those options for
which the vesting conditions had been satisfied as of such date.
- Fulfillment Expenses were RMB37.7 million,
representing an increase of 12.2% from RMB33.6 million in the same quarter of fiscal
year 2021. Fulfillment expenses as a percentage of total revenues
was 11.3%, compared to 10.7% in the same quarter of fiscal year
2021. The increase was primarily due to the increased handling
expenses and packaging cost.
- Sales and marketing expenses were RMB48.3 million, representing a decrease of 12.4%
from RMB55.1 million in the same
quarter of fiscal year 2021. Sales and marketing expenses as a
percentage of total revenue was 14.5%, representing a decrease
from 17.6% in the same quarter of fiscal year 2021. The
decrease was primarily due to the decrease of share-based
compensation expense of RMB11.4
million compared with the same quarter of fiscal year
2021.
- General and administrative expenses were RMB22.3 million, representing a
decrease of 64% from RMB61.8 million
in the same quarter of fiscal year 2021. General and administrative
expenses as a percentage of total revenue was 6.7%, representing a
decrease from 19.8% in the same quarter of fiscal year 2021.
The decrease was primarily due to: (i) the decrease of share-based
compensation expense of RMB35.7
million compared with the same quarter of fiscal year
2021; (ii) the decrease of professional fees of RMB3.9 million incurred in connection with our
IPO in the same quarter of fiscal year 2021.
Operating loss was RMB31.3
million (US$4.9 million),
representing an improvement from a loss of RMB93.6 million in the same quarter of fiscal
year 2021.
EBITDA was a loss of RMB25.6
million (US$4.0 million),
representing an improvement from a loss of RMB79.2 million in the same quarter of fiscal
year 2021.
Net loss was RMB28.8
million (US$4.5 million),
representing an improvement from to net loss of RMB81.9 million in the same quarter of fiscal
year 2021.
Adjusted net loss was RMB25.4 million (US$4.0 million), representing an improvement
from adjusted net loss of RMB30.5
million in the same quarter of fiscal year 2021.
Diluted net loss per share was RMB0.41 (US$0.06),
representing an improvement from diluted net earnings per
share of RMB1.61 in the same quarter
of fiscal year 2021.
Total cash and cash equivalents and short-term
investments were RMB315.7
million (US$49.5 million),
compared to RMB339.4 million as of
September 30, 2021.
Conference Call
Boqii's management will hold a conference call to discuss the
financial results at 8:00 AM on Wednesday,
March 3, 2022, U.S. Eastern Time (9:00 PM on Wednesday, March 3, 2022, Beijing/Hong Kong Time).
To join the conference, please dial in 15 minutes before the
conference is scheduled to begin using below numbers.
|
Phone
Number
|
|
International
|
1-412-317-6061
|
|
United
States
|
1-888-317-6003
|
|
Hong Kong
|
852
800-963976
|
|
Mainland
China
|
86
4001-206115
|
|
Passcode
|
9147363
|
A replay of the conference call may be accessed by phone at the
following numbers until March 10,
2022.
|
Phone
Number
|
|
International
|
1-412-317-0088
|
|
United
States
|
1-877-344-7529
|
|
Replay Access
Code
|
8462589
|
A live and archived webcast of the conference call will be
available on the Company's investor relations website at
http://ir.boqii.com/.
About Boqii Holding Limited
Boqii Holding Limited (NYSE: BQ) is a leading pet-focused
platform in China. We are the
leading online destination for pet products and supplies in
China with our broad selection of
high-quality products including global leading brands, local
emerging brands, and our own private label, Yoken and Mocare,
offered at competitive prices. Our online sales platforms,
including Boqii Mall and our flagship stores on third-party
e-commerce platforms, provide customers with convenient access to a
wide selection of high-quality pet products and an engaging and
personalized shopping experience. Our Boqii Community provides an
informative and interactive content platform for users to share
their knowledge and love for pets.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and a number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement. In some cases, forward-looking statements can be
identified by words or phrases such as "may," "will," "expect,"
"anticipate," "target," "aim," "estimate," "intend," "plan,"
"believe," "potential," "continue," "is/are likely to" or other
similar expressions. The Company may also make written or oral
forward-looking statements in its reports filed with, or furnished
to, the U.S. Securities and Exchange Commission, in its annual
reports to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding such risks, uncertainties or factors is
included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any duty to update such
information, except as required under applicable law.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, namely adjusted
net loss, adjusted net loss margin, EBITDA and EBITDA margin, in
evaluating its operating results and for financial and operational
decision-making purposes. The Company defines (i) adjusted net loss
as net loss excluding fair value change of derivative liabilities
and share-based compensation expenses, (ii) adjusted net loss
margin as adjusted net loss as a percentage of total revenues,
(iii) EBITDA as net loss excluding income tax expenses, interest
expense, interest income, depreciation and amortization expenses,
(iv) EBITDA margin as EBITDA as a percentage of total revenues. The
Company believes adjusted net loss, adjusted net loss margin,
EBITDA and EBITDA margin enhance investors' overall understanding
of its financial performance and allow for greater visibility with
respect to key metrics used by its management in its financial and
operational decision-making.
These non-GAAP financial measures are not defined under U.S.
GAAP and are not presented in accordance with U.S. GAAP. As these
non-GAAP financial measures have limitations as analytical tools
and may not be calculated in the same manner by all companies, they
may not be comparable to other similarly titled measures used by
other companies. The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measures, which should be considered when
evaluating the Company's performance. For reconciliation of these
non-GAAP financial measures to the most directly comparable GAAP
financial measures, please see the section of the accompanying
tables titled, "Reconciliation of GAAP and Non-GAAP Results." The
Company encourages investors and others to review its financial
information in its entirety and not rely on any single financial
measure.
Exchange Rate
This press release contains translations of certain RMB amounts
into U.S. dollars ("USD") at specified rates solely for the
convenience of the reader. Unless otherwise stated, all
translations from RMB to USD were made at the rate of RMB 6.3726 to US$1.00, the noon buying rate in effect on
December 31, 2021 in the H.10
statistical release of the Federal Reserve Board. The Company makes
no representation that the RMB or USD amounts referred to could be
converted into USD or RMB, as the case may be at any particular
rate or at all.
For investor and media inquiries, please contact:
In China:
Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com
DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com
|
Boqii Holding
Limited
|
|
Unaudited
Consolidated Balance Sheets
|
|
(In thousands,
except share and per share data)
|
|
|
|
As of
March 31,
2021
|
|
As of
December 31,
2021
|
|
As
of
December 31,
2021
|
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
292,237
|
|
176,026
|
|
27,622
|
|
|
Short-term
investments
|
168,546
|
|
139,648
|
|
21,914
|
|
|
Accounts receivable,
net
|
45,732
|
|
53,991
|
|
8,472
|
|
|
Inventories,
net
|
91,551
|
|
123,316
|
|
19,351
|
|
|
Prepayments and other
current assets
|
85,261
|
|
106,650
|
|
16,736
|
|
|
Amounts due from
related parties
|
11,465
|
|
23,430
|
|
3,677
|
|
|
Total current
assets
|
694,792
|
|
623,061
|
|
97,772
|
|
|
Non-current
assets:
|
|
|
|
|
|
|
|
Property and
equipment, net
|
8,386
|
|
7,403
|
|
1,162
|
|
|
Intangible
assets
|
29,537
|
|
26,544
|
|
4,165
|
|
|
Operating lease
right-of-use assets
|
29,234
|
|
42,065
|
|
6,601
|
|
|
Long-term
investments
|
74,330
|
|
94,887
|
|
14,890
|
|
|
Goodwill
|
40,184
|
|
40,684
|
|
6,384
|
|
|
Other non-current
asset
|
4,111
|
|
4,140
|
|
650
|
|
|
Total non-current
assets
|
185,782
|
|
215,723
|
|
33,852
|
|
|
Total
assets
|
880,574
|
|
838,784
|
|
131,624
|
|
|
LIABILITIES,
MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
Short-term
borrowings
|
85,566
|
|
152,426
|
|
23,919
|
|
|
Accounts
payable
|
71,848
|
|
100,235
|
|
15,729
|
|
|
Salary and welfare
payable
|
6,309
|
|
8,619
|
|
1,353
|
|
|
Accrued liabilities
and other current liabilities
|
30,055
|
|
35,474
|
|
5,567
|
|
|
Amounts due to related
parties, current
|
910
|
|
9,981
|
|
1,566
|
|
|
Contract
liabilities
|
3,866
|
|
10,534
|
|
1,653
|
|
|
Operating lease
liabilities, current
|
8,063
|
|
10,197
|
|
1,600
|
|
|
Derivative
liabilities
|
9,996
|
|
9,635
|
|
1,512
|
|
|
Total current
liabilities
|
216,613
|
|
337,101
|
|
52,899
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
Deferred tax
liabilities
|
8,958
|
|
8,216
|
|
1,289
|
|
|
Operating lease
liabilities, non-current
|
19,997
|
|
30,565
|
|
4,796
|
|
|
Long-term
borrowings
|
68,075
|
|
-
|
|
-
|
|
|
Other debts,
non-current
|
433,292
|
|
251,141
|
|
39,410
|
|
|
Total non-current
liabilities
|
530,322
|
|
289,922
|
|
45,495
|
|
|
Total
liabilities
|
746,935
|
|
627,023
|
|
98,394
|
|
|
|
|
|
Mezzanine
equity
|
|
|
|
|
|
|
Redeemable
non-controlling interests
|
5,946
|
|
6,374
|
|
1,000
|
|
Total mezzanine
equity
|
5,946
|
|
6,374
|
|
1,000
|
|
Stockholders'
equity:
|
|
|
|
|
|
|
Class A ordinary
shares (US$0.001 par value; 129,500,000 shares authorized,
54,505,108 and 55,703,708 shares issued and outstanding as of March
31 and December 31, 2021, respectively)
|
364
|
|
372
|
|
58
|
|
Class B ordinary
shares (US$0.001 par value; 15,000,000 shares authorized,
13,037,729 shares issued and outstanding as of March 31 and
December, 31, 2021, respectively)
|
82
|
|
82
|
|
13
|
|
Additional paid-in
capital
|
3,272,612
|
|
3,295,010
|
|
517,059
|
|
Statutory
reserves
|
3,047
|
|
3,203
|
|
503
|
|
Accumulated other
comprehensive loss
|
(20,172)
|
|
(33,675)
|
|
(5,284)
|
|
Accumulated
deficit
|
(2,759,882)
|
|
(2,866,435)
|
|
(449,807)
|
|
Receivable for
issuance of ordinary shares
|
(413,377)
|
|
(235,556)
|
|
(36,964)
|
|
Total Boqii
Holding Limited shareholders' equity
|
82,674
|
|
163,001
|
|
25,578
|
|
Non-controlling
interests
|
45,019
|
|
42,386
|
|
6,652
|
|
Total
shareholders' equity
|
127,693
|
|
205,387
|
|
32,230
|
|
Total liabilities,
mezzanine equity and shareholders' equity
|
880,574
|
|
838,784
|
|
131,624
|
|
Boqii Holding
Limited
|
|
UNAUDITED INTERIM
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE
LOSS
|
|
(All amounts in
thousands, except for share and per share data, unless otherwise
noted)
|
|
|
Three Months Ended
December 31,
|
|
Nine Months Ended
December 31,
|
|
2020
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2021
|
|
RMB
|
|
RMB
|
|
US$
|
|
RMB
|
|
RMB
|
|
US$
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
Product
sales
|
312,371
|
|
317,439
|
|
49,813
|
|
778,186
|
|
895,022
|
|
140,449
|
|
Online marketing and
information services
|
555
|
|
15,166
|
|
2,380
|
|
2,368
|
|
41,550
|
|
6,520
|
|
Total
revenues
|
312,926
|
|
332,605
|
|
52,193
|
|
780,554
|
|
936,572
|
|
146,969
|
|
Total cost of
revenue
|
(256,784)
|
|
(255,686)
|
|
(40,123)
|
|
(638,507)
|
|
(747,566)
|
|
(117,309)
|
|
Gross
profit
|
56,142
|
|
76,919
|
|
12,070
|
|
142,047
|
|
189,006
|
|
29,659
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
Fulfillment
expenses
|
(33,557)
|
|
(37,655)
|
|
(5,909)
|
|
(96,225)
|
|
(100,174)
|
|
(15,719)
|
|
Sales and marketing
expenses
|
(55,107)
|
|
(48,257)
|
|
(7,573)
|
|
(121,393)
|
|
(137,711)
|
|
(21,610)
|
|
General and
administrative expenses
|
(61,811)
|
|
(22,282)
|
|
(3,497)
|
|
(95,376)
|
|
(65,056)
|
|
(10,209)
|
|
Other income,
net
|
740
|
|
20
|
|
3
|
|
1,045
|
|
87
|
|
14
|
|
Loss from
operations
|
(93,593)
|
|
(31,255)
|
|
(4,906)
|
|
(169,902)
|
|
(113,848)
|
|
(17,865)
|
|
Interest
income
|
5,471
|
|
3,470
|
|
545
|
|
11,674
|
|
13,334
|
|
2,092
|
|
Interest
expense
|
(6,990)
|
|
(4,935)
|
|
(774)
|
|
(20,549)
|
|
(16,994)
|
|
(2,667)
|
|
Other (losses)/gain,
net
|
12,552
|
|
3,254
|
|
511
|
|
16,328
|
|
3,659
|
|
574
|
|
Fair value change of
derivative liabilities
|
-
|
|
920
|
|
144
|
|
10,409
|
|
1,331
|
|
209
|
|
Loss before income
tax expenses
|
(82,560)
|
|
(28,546)
|
|
(4,480)
|
|
(152,040)
|
|
(112,518)
|
|
(17,657)
|
|
Income taxes
expenses
|
603
|
|
159
|
|
25
|
|
412
|
|
1,406
|
|
221
|
|
Share of results of
equity investees
|
22
|
|
(382)
|
|
(60)
|
|
(55)
|
|
452
|
|
71
|
|
Net
loss
|
(81,935)
|
|
(28,769)
|
|
(4,515)
|
|
(151,683)
|
|
(110,660)
|
|
(17,365)
|
|
Less: Net
income/(loss) attributable to the non-controlling interest
shareholders
|
1,242
|
|
(1,011)
|
|
(159)
|
|
2,138
|
|
(4,694)
|
|
(737)
|
|
Net loss
attributable to Boqii Holding Limited
|
(83,177)
|
|
(27,758)
|
|
(4,356)
|
|
(153,821)
|
|
(105,966)
|
|
(16,628)
|
|
Less: Accretion on
convertible redeemable preferred shares to redemption
value
|
195,935
|
|
-
|
|
-
|
|
120,873
|
|
-
|
|
-
|
|
Less: Accretion on
redeemable non-controlling interests to redemption value
|
-
|
|
(145)
|
|
(23)
|
|
-
|
|
(428)
|
|
(67)
|
|
Less: Deemed dividend
to preferred shareholders
|
-
|
|
-
|
|
-
|
|
(12,547)
|
|
-
|
|
-
|
|
Net
income/(loss) attributable to Boqii Holding
Limited's ordinary shareholders
|
112,758
|
|
(27,903)
|
|
(4,379)
|
|
(45,495)
|
|
(106,394)
|
|
(16,696)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
(81,935)
|
|
(28,769)
|
|
(4,515)
|
|
(151,683)
|
|
(110,660)
|
|
(17,365)
|
|
Other comprehensive
loss:
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustment, net of nil tax
|
(24,062)
|
|
(7,738)
|
|
(1,214)
|
|
(35,579)
|
|
(13,503)
|
|
(2,119)
|
|
Unrealized securities
holding gains
|
-
|
|
-
|
|
-
|
|
1,195
|
|
-
|
|
-
|
|
Total
comprehensive loss
|
(105,997)
|
|
(36,507)
|
|
(5,729)
|
|
(186,067)
|
|
(124,163)
|
|
(19,484)
|
|
Less: Total
comprehensive income/(loss) attributable to non-controlling
interest shareholders
|
1,242
|
|
(1,011)
|
|
(159)
|
|
2,138
|
|
(4,694)
|
|
(737)
|
|
Total
comprehensive loss attributable to Boqii Holding
Limited
|
(107,239)
|
|
(35,496)
|
|
(5,570)
|
|
(188,205)
|
|
(119,469)
|
|
(18,747)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
earnings/(loss) per share attributable to Boqii Holding
Limited's ordinary shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
— basic
|
1.68
|
|
(0.41)
|
|
(0.06)
|
|
(0.68)
|
|
(1.57)
|
|
(0.25)
|
|
— diluted
|
1.61
|
|
(0.41)
|
|
(0.06)
|
|
(0.68)
|
|
(1.57)
|
|
(0.25)
|
|
Weighted average
number of ordinary shares
|
|
|
|
|
|
|
|
|
|
|
|
|
— basic
|
67,156,580
|
|
67,861,419
|
|
67,861,419
|
|
67,156,580
|
|
67,735,744
|
|
67,735,744
|
|
— diluted
|
70,041,375
|
|
67,861,419
|
|
67,861,419
|
|
67,156,580
|
|
67,735,744
|
|
67,735,744
|
|
Boqii Holding
Limited
|
|
Reconciliation
of GAAP and Non-GAAP Results
|
|
(In thousands,
except % and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
December 31, 2020
|
|
Three Months
Ended
December 31, 2021
|
|
Nine Months
Ended
December 31, 2020
|
|
Nine Months
Ended
December 31, 2021
|
|
Net loss
|
(81,935)
|
|
(28,769)
|
|
(151,683)
|
|
(110,660)
|
|
|
|
|
|
|
|
|
|
|
Fair value change of
derivative liabilities
|
-
|
|
(920)
|
|
(10,409)
|
|
(1,331)
|
|
|
|
|
|
|
|
|
|
|
Share-based
compensation
|
51,422
|
|
4,312
|
|
51,422
|
|
14,215
|
|
|
|
|
|
|
|
|
|
|
Adjusted Net
Loss
|
(30,513)
|
|
(25,377)
|
|
(110,670)
|
|
(97,776)
|
|
|
|
|
|
|
|
|
|
|
Adjusted Net Loss
Margin
|
(9.8%)
|
|
(7.6%)
|
|
(14.2%)
|
|
(10.4%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
December 31, 2020
|
|
Three Months
Ended
December 31, 2021
|
|
Nine Months
Ended
December 31, 2020
|
|
Nine Months
Ended
December 31, 2021
|
|
Net loss
|
(81,935)
|
|
(28,769)
|
|
(151,683)
|
|
(110,660)
|
|
|
|
|
|
|
|
|
|
|
Income tax
expenses
|
(603)
|
|
(159)
|
|
(412)
|
|
(1,406)
|
|
|
|
|
|
|
|
|
|
|
Interest
expenses
|
6,990
|
|
4,935
|
|
20,549
|
|
16,994
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
(5,471)
|
|
(3,470)
|
|
(11,674)
|
|
(13,334)
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization .
|
1,784
|
|
1,905
|
|
5,135
|
|
5,790
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
(79,235)
|
|
(25,558)
|
|
(138,085)
|
|
(102,616)
|
|
|
|
|
|
|
|
|
|
|
EBITDA
Margin
|
(25.3%)
|
|
(7.7%)
|
|
(17.7%)
|
|
(11.0%)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes for all the
condensed consolidated financial schedules presented:
|
|
|
|
|
|
|
|
|
|
|
Note 1: The
conversion of Renminbi (RMB) into U.S. dollars (USD) is based on
the certified exchange rate of USD1.00=RMB6.3726 on December 31,
2021 published by the Federal Reserve Board.
|
View original
content:https://www.prnewswire.com/news-releases/boqii-announces-fiscal-2022-third-quarter-unaudited-financial-results-301494882.html
SOURCE Boqii Holding Limited