Fluently tells the story of AI adult English training, but adult money is not easy to make.
Editor’s note: This article comes from the WeChat public account “Xihong City” (ID: ssgstt) .
Author: Dong Dongdong
Editor: Lei Pan
Final review: Tian Miya / Xu Jie
On the second year in the city, fluently said that it was impossible to escape the loss. On April 17, Liuli said that it released its audited annual report for 2019. The net loss expanded to 574.8 million yuan, a record high, with a loss of 488 million yuan in the same period last year.
This is already Liuliu ’s fourth consecutive year of performance loss. According to the prospectus and financial report, for 2016, FY17, and 2018, Liuli said the losses were 89.16 million yuan, 242.8 million yuan, and 488.1 million yuan, respectively. yuan.
(Dong Dongdong / cartography)
Even in the full year of 2019, the loss of Liuli said is showing an increasing trend.
(Dong Dongdong / cartography)
A significant increase in operating expenses is one of the important reasons for losses.
The annual report shows that Fluent said in 2019 that total operating expenses were 1.336 billion yuan, an increase of 44.4% year-on-year. Among them, sales and marketing expenses were 969 million yuan, an increase of 37.4% year-on-year; research and development expenses were 213.9 million yuan, an increase of 37.8% year-on-year; general and administrative expenses were 153.5 million yuan, an increase of 134.6% year-on-year.
It is not optimistic that the number of paying users fluently stated has dropped significantly at a rate visible to the naked eye.