51 Talk Online Education Group (COE)

COE Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	27.11	15.05	0.79	0	219.56
Revenue Growth (YoY)	80.16%	1809.64%	-	-	29.07%
Cost of Revenue	6.32	3.19	0.13	0	65.33
Gross Profit	20.79	11.85	0.66	0	154.23
Selling, General & Admin	31.36	21.35	5.12	0	146.81
Research & Development	3.09	2.87	0.14	0	23.39
Operating Expenses	34.45	24.21	5.25	0	170.2
Operating Income	-13.66	-12.36	-4.59	0	-15.97
Interest Expense / Income	0	0	0	0	1.4
Other Expense / Income	1.25	30.14	-23.43	-21.24	-2.62
Pretax Income	-14.91	-42.5	18.84	21.24	-14.75
Income Tax	0.12	0.06	0.1	0	0.75
Net Income	-15.03	-42.56	18.74	21.24	-15.51
Net Income Growth	-	-	-11.78%	-	-
Shares Outstanding (Basic)	341	336	328	320	308
Shares Outstanding (Diluted)	341	336	328	320	308
Shares Change	1.62%	2.18%	2.79%	3.63%	1.26%
EPS (Basic)	-2.40	-7.80	3.60	4.20	-3.03
EPS (Diluted)	-2.40	-7.80	3.60	4.20	-3.03
EPS Growth	-	-	-14.29%	-	-
Free Cash Flow	0.27	-45.6	-105.03	104.18	57.68
Free Cash Flow Per Share	0.05	-8.15	-19.18	19.56	11.22
Gross Margin	76.68%	78.77%	83.50%	-	70.25%
Operating Margin	-50.40%	-82.12%	-582.74%	-	-7.27%
Profit Margin	-55.45%	-282.80%	2377.92%	-	-7.06%
Free Cash Flow Margin	1.00%	-303.03%	-13328.43%	-	26.27%
Effective Tax Rate	-	-	0.53%	-	-
EBITDA	-14.82	-42.39	18.94	21.24	-9.4
EBITDA Margin	-54.65%	-281.72%	2402.92%	-	-4.28%
Depreciation & Amortization	0.1	0.1	0.1	0	3.95
EBIT	-14.91	-42.5	18.84	21.24	-13.35
EBIT Margin	-55.01%	-282.40%	2390.61%	-	-6.08%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).