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Leju Holdings Limited (NYSE: LEJU) :Earnings update

Yesterday the Leju Holdings Limited (LEJU) stock price ended its day with Boost of 1.94% and finalized at the price of $1.58. Throughout its last trading session, Stock traded with the total exchanged volume of 0.14 million shares. The average volume stands around 0.13 million shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. The stock has relative volume of 1.07. Relative volume is ratio between current volume and 3-month average value, intraday adjusted. Leju Holdings Limited (LEJU) is a part of financial sector and belongs to Property Management industry.

Leju Holdings Limited  (NYSE: LEJU), a leading online-to-offline (“O2O”) real estate services provider in China, reported its unaudited financial results for the third quarter ended September 30, 2017.

THIRD QUARTER 2017 Results

Total revenues were $95.2 million, a decrease of 48% from $183.3 million for the same quarter of 2016 as a result of restrictions placed by local governments.

Revenues from e-commerce services were $61.8 million, a decrease of 57% from $143.8 million for the same quarter of 2016, mostly Because of decreases in both the number of discount coupons redeemed and in the average price per discount coupon.

Revenues from online advertising services were $30.0 million, a decrease of 11% from $33.6 million for the same quarter of 2016, mostly Because of a decrease in property developers’ online advertising demand.

Revenues from listing services were $3.4 million, a decrease of 42% from $5.9 million for the same quarter of 2016, mostly Because of a decrease in secondary home sales.

Cost of revenues was $21.1 million, an raise of 39% from $15.2 million for the same quarter of 2016, mostly Because of raised cost of advertising resources purchased, partially offset by reduced staffing cost of the editorial department as a result of headcount change.

Selling, general and administrative expenses were $103.5 million, a decrease of 27% from $142.8 million for the same quarter of 2016, mostly Because of reduced marketing expenses related to the Company’s e-commerce business, reduced commission expenses in line with the decrease of revenues and reduced salary and bonus as a result of headcount change.

Loss from operations was $29.3 million, compared to income from operations of $26.8 million for the same quarter of 2016. Non-GAAP loss from operations was $24.9 million, compared to non-GAAP income from operations of $33.6 million for the same quarter of 2016.

Net loss was $23.4 million, compared to net income of $17.2 million for the same quarter of 2016. Non-GAAP net loss was $19.5 million, compared to non-GAAP net income of $23.2 million for the same quarter of 2016.

Net loss attributable to Leju shareholders was $23.1 million, or $0.17 loss per diluted ADS, compared to net income attributable to Leju shareholders of $17.1 million, or $0.13 per diluted ADS, for the same quarter of 2016. Non-GAAP net loss attributable to Leju shareholders was $19.2 million, or $0.14 loss per diluted ADS, compared to non-GAAP net income attributable to Leju shareholders of $23.1 million, or $0.17 per diluted ADS, for the same quarter of 2016.

Technical Indicators:

ATR value of company was 0.14. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. ATR can display volatility of stocks, ETFs and indexes. The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. A low ATR value correlates with a weaker trend movement.

 

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Albert Frak has been writing on business investment topics and personal finance for more than 17 years. He holds a bachelor degree from University of Virginia and an MBA degree from Ohio State University. He started out as a way to establish himself as a serious writer in a relatively business field quickly. To this day, Albert still has literally hundreds of journals that he wrote in as a young man. Writing has always been a way for him to express himself and share business ideas. The biggest complaint Albert wife has that he spends too much time watching business news on television.

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