Renren Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
November 26, 2019 at 05:00 am EST
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Renren Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was USD 104.765 million compared to USD 129.746 million a year ago. Operating loss was USD 15.348 million compared to USD 31.917 million a year ago. Net income was USD 95.674 million compared to USD 166.119 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0 a year ago. Basic earnings per share was USD 0.07 compared to USD 0.16 a year ago. Diluted earnings per share was USD 0.06 compared to USD 0.15 a year ago. For the half year, total revenue was USD 215.128 million compared to USD 263.700 million a year ago. Operating loss was USD 26.414 million compared to USD 55.626 million a year ago. Net income was USD 67.727 million compared to USD 124.569 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.04 a year ago. Basic earnings per share was USD 0.06 compared to USD 0.12 a year ago. Diluted earnings per share was USD 0.04 compared to USD 0.11 a year ago.
Moatable, Inc. help companies, small business owners, and sole proprietors streamline their operations, reach more customers, and close business transactions using its SaaS products and services. It operates two software-as-a-service (SaaS) businesses, Lofty and Trucker Path. Lofty offers a real estate sales acceleration and client lifecycle management platform that allows real estate professionals to obtain and nurture leads, close transactions, and retain their clients. The platform combines Internet data exchange (IDX) websites, lead generation, marketing automation, advanced lead management, and AI to capture and convert leads into new business. Trucker Path is a driver-centric online transportation management platform. Trucker Path provides trip planning, navigation, freight sourcing, a marketplace that offers goods and services truckers use to operate their businesses and helps connect qualified brokers and carriers to expand their reach and initiate and complete transactions.
MOATABLE, INC. 
