Renren Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Revenue Guidance for the Second Quarter of 2018
June 19, 2018 at 09:14 am EDT
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Renren Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total net revenue of USD 140,478,000 against USD 20,946,000 a year ago. Loss from operations was USD 25,511,000 against USD 17,597,000 a year ago. Loss before provision of income tax and income (loss) in equity method investments, net of tax was USD 37,966,000 against USD 19,493,000 a year ago. Net loss attributable to the company was USD 41,550,000 or USD 0.04 basic and diluted share against USD 16,178,000 or USD 0.02 per basic and diluted share a year ago. Basic and diluted net loss attributable to company shareholders per ADS was USD 0.6 against USD 0.24 a year ago. Adjusted loss from operations was USD 13,053,000 against USD 12,454,000 a year ago. Adjusted net loss was USD 18,827,000 against USD 11,035,000 a year ago.
The company expects to generate revenues in an amount ranging from USD 140 million to USD 145 million in the second quarter of 2018, representing a 527% to 549% year-over-year increase. This forecast reflects Renren's current and preliminary view, which is subject to change.
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.
Renren Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Revenue Guidance for the Second Quarter of 2018
MOATABLE, INC. 
