Chinas Facebook-Clon "Renren" an der Börse

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Moatable Reports Third Quarter 2023 Financial Results

Third Quarter 2023 Financial Highlights

Revenue increased 11% from $12.0 million in Q3 2022 to $13.3 million in Q3 2023; Revenue for the nine months ended September 30, 2023 increased 15%, to $38.3 million, compared to $33.3 million in the same period last year.
Gross profit increased 13% from $9.3 million in Q3 2022 to $10.5 million in Q3 2023; Gross profit for the nine months ended September 30, 2023 increased 18% to $30.2 million, compared to $25.7 million in the same period last year.
Loss from operations improved 72% from a loss of $2.9 million in Q3 2022 to a loss of $0.8 million in Q3 2023; loss from operations for the nine months ended September 30, 2023 improved 38% to $7.0 million compared to $11.4 million in the same period last year.
Adjusted (loss) income from operations* improved 102% from a loss of $1.9 million in Q3 2022 to an income of $43 thousand in Q3 2023; adjusted loss from operations* for the nine months ended on September 30, 2023 improved 42% to $4.5 million compared to $7.7 million in the same period last year.
Total cash & cash equivalents and short-term investments of $49.9 million as of the end of Q3 2023 compared to $52.0 million as of the end of 2022.
"We are pleased with our continued steady growth in year-over-year revenue and are particularly encouraged by our return to profitability during the third quarter, on an adjusted income (loss) from operations basis, as we continue to rationalize our cost structure while on our path to profitability", said Michael Schifsky, interim chief financial officer of the Company.

* Adjusted income (loss) from operations is a non-GAAP measure. We define adjusted income (loss) from operations as income (loss) from operations excluding share-based compensation expenses and depreciation and amortization expenses. See "Reconciliation of Non-GAAP Financial Measure to the Comparable GAAP Financial Measure" below.

https://ir.moatable.com/news-releases/news-release-details/m…

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Softbank hat 10% Grenze überschritten

https://ir.renren-inc.com/financial-information/sec-filings

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Antwort auf Beitrag Nr.: 72.969.020 von rpffm am 23.12.22 12:41:57

Dividende wurde heute gebucht.

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Antwort auf Beitrag Nr.: 72.969.020 von rpffm am 23.12.22 12:41:57

Hallo,
Die Dividende wird noch ausbezahlt. Das geht normalerweise immer ein paar Tage. Der Dividendenstichtag war 21.12. jetzt haben wir auch noch ein paar Feiertage zumindest in Deutschland. Denke, dass die Div diese Woche gutgeschrieben wird. Renren hat übrigens vorab darüber informiert, dass der Preis weit niedriger sein kann. Siehe auch die letzten Posts in diesem Forum.
„The trading price for Renren’s ADSs on the ex-dividend date is expected to be much lower than the closing price on the last trading date before the ex-dividend date, to reflect the amount of the special cash distribution. To the extent that Renren’s ADSs trade below US$1.00 per ADS for an extended period of time, or at a price viewed to be an abnormally low selling price under NYSE rules, Renren’s ADSs may be suspended from trading on the NYSE and ultimately delisted.“
Ich hoffe, dass das hilft etwas Geduld zu haben. Ich kann mich gerne melden, wenn ich die Dividende gebucht bekommen habe.
Noch einen schönen Feiertag 👋

[rpffm]

hilfe benötigt !!

Hi,

bitte, brauche mal Hilfe von euch !

Ich habe am 17.11.22RENREN SP ADS-A (A2PXAT / US7598923008) zu ca. eur 32.- gekauft.
Leider hatte ich mich nicht näher über die Aktie informiert..

Heute wird die Aktie gegenüber gestern (ca.eur 33,-) mit nur noch ca. eur 1,70 gelistet?!
Ich habe nun hier gelesen dass es eine "Cashauszahlung" von über eur 31.- gab. Davon sehe ich aber bei mir leider nichts!

Kann mir bitte jemand erklären ob ich Mist gebaut habe? Es sind etliche tausend Eur die ich damit verloren hätte?!

Vielen Dank im Voraus für jede Antwort welche mehr weiterhilft !

Grüsse,

[Alfred_Marshall]

Antwort auf Beitrag Nr.: 72.867.951 von ninebreak am 06.12.22 12:22:42

Interessant. Die Wahrscheinlichkeit ist zwar hoch, dass die Aktie nach der Sonderdividende delisted wird oder im Freiverkehr rumvegetieren wird, aber die Steigerung von 0,8 USD auf 32 USD seit 2020 und nun 31,6 USD Dividende ist schon sehr beachtlich. Auch jetzt sind viele Chinessische ADR so tief runtergeknüppelt, dass sie theoretisch ein Vielfaches des Kurses als Dividende ausschütten könnten, weil die Stimmung so mies ist. Mal schauen ob sich das nach Ende der Corona-Maßnahmen in China voraussichtlich nächstes Jahr insgesamt wieder normalisiert.

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Erhöhung der Dividende auf US$31.6170 per Renren ADS

Renren Provides Update on Special Cash Distribution
For Settlement Regarding Shareholder Derivative Litigation





PHOENIX, December 5, 2022 /PRNewswire/ -- Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), an operator of several US-based SaaS businesses, today announced an increase in the per share amount to be paid in the special cash distribution, that was announced on November 3, 2022, relating to the settlement contemplated by the Stipulation of Settlement, dated as of October 7, 2021 and as amended on May 27, 2022.



The amount of the special cash distribution was previously announced to be US$0.7013 per Renren Class A ordinary share, or US$31.5585 per Renren American Depositary Share (“ADS”). Each one (1) ADS currently represents 45 Renren Class A ordinary shares. The special distribution amount, in each case, is prior to the deduction of applicable taxes, fees, and expenses. As a result of interest earned on the settlement account, more funds will be available for distribution from the settlement account on a pro-rata basis, and the amount of the special cash distribution will now be US$0.7026 per Renren Class A ordinary share, or US$31.6170 per Renren ADS; in each case, prior to deduction of applicable taxes, fees and expenses.



Additionally, Epiq Class Action & Claims Solutions, Inc., as administrator for the settlement funds, will now be responsible for paying the special distribution to record date holders of Renren ordinary shares and transferring settlement funds to the Depositary Trust Clearinghouse & Company for subsequent disbursement to ADS owners. Accordingly, Citibank, N.A., depositary for Renren’s ADS program, will no longer charge a special cash distribution fee of US$0.05 per ADS held pursuant to the Renren ADS Deposit Agreement (as amended).



The special cash distribution is still expected to be paid on December 21, 2022. Due bill period will run from November 18, 2022 to December 21, 2022. Due bills track trades of stock in the interim period and ensure the right stockholder receives the special distribution. In order to receive the special cash distribution, you must continue to hold your Renren ADSs at least through the market close on the special cash distribution payment date (i.e. December 21, 2022).



According to the NYSE, the Ex-Dividend date for NYSE trading will be December 22, 2022. The Ex-Dividend date is the date on which the NYSE will reset the opening trading price of Renren’s ADSs to reflect the payment of the special cash distribution. If you buy Renren ADSs on or after the Ex-Dividend date, you will not receive the special cash distribution.



Renren expects that trading for its ADSs will be extremely volatile given the per ADS value of the special cash distribution compared to the current trading price of Renren’s ADS. In particular, volatility is expected to be high on and around December 21, 2022, the last date on which purchasers of ADSs on the NYSE will obtain the right to receive the special cash distribution with respect to the purchased ADSs, and on and around December 22, 2022, the Ex-Dividend date.



The trading price for Renren’s ADSs on the ex-dividend date is expected to be much lower than the closing price on the last trading date before the ex-dividend date, to reflect the amount of the special cash distribution. To the extent that Renren’s ADSs trade below US$1.00 per ADS for an extended period of time, or at a price viewed to be an abnormally low selling price under NYSE rules, Renren’s ADSs may be suspended from trading on the NYSE and ultimately delisted.

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Renren Declares Special Cash Distribution for Settlement Regarding Shareholder Derivative Litigation

Renren Declares Special Cash Distribution for Settlement Regarding Shareholder Derivative Litigation
PHOENIX, Nov. 3, 2022 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), an operator of several US-based SaaS businesses, today announced that its board of directors declared a special cash distribution in connection with the settlement contemplated by the Stipulation of Settlement, dated as of October 7, 2021 and as amended on May 27, 2022 (the "Stipulation"). As previously announced, the New York State Supreme Court, Commercial Division entered the Final Order and Judgment on June 9, 2022 (the "June 9 Final Order"), which, among other things, approves the Stipulation and the transactions contemplated thereby. The June 9 Final Order became final as of October 20, 2022 following a withdrawal of appeal by certain parties.

The special cash distribution will be paid from a settlement account funded by the Defendants (as defined in the Stipulation) in its entirety without any contribution from Renren and thus will not impact Renren's financial position, liquidity or profitability. Renren will continue to operate its several SaaS businesses before and after the special cash distribution, and it intends to remain a public company listed on The New York Stock Exchange (the "NYSE"). A total of US$300 million has been contributed into the settlement account by the Defendants. After reductions for certain settlement expenses, including attorneys' fees and expenses awarded by the court to the plaintiffs' counsel, approximately US$247.1 million will be available for distribution from the settlement account.

The special cash distribution is payable to all holders of Renren's Class A ordinary shares (including those in the form of Renren American Depositary Shares ("ADSs"), each one (1) ADS currently representing 45 Renren Class A ordinary shares) of record as of 5:00 p.m. Eastern Time on November 21, 2022 (the "Record Date"), other than the Defendants and D&O Releasees (each as specifically identified in the Stipulation). The amount of the special cash distribution is US$0.7013 per Class A ordinary share, or US$31.5585 per ADS, in each case, prior to deduction of applicable taxes, fees and expenses. Pursuant to the Renren ADS Deposit Agreement (as amended), the Depositary will charge a special cash distribution fee of US$0.05 per ADS held, which will be borne by the holders of ADSs.

The special cash distribution is expected to be paid on December 21, 2022. Due bill period is expected to run from November 18, 2022 to December 21, 2022. Due bills function to track trades of stock in the interim period and ensure the right stock holder receives the special distribution. In order to receive the special cash distribution, you must continue to hold your Renren ADSs at least through the market close on the special cash distribution payment date, which is expected to be December 21, 2022.

According to the NYSE, the Ex-Dividend date for NYSE trading will be December 22, 2022. The Ex-Dividend date is the date on which the NYSE will reset the opening trading price of Renren's ADSs to reflect the payment of the special cash distribution. If you buy Renren ADSs on or after the Ex-Dividend date, you will not receive the special cash distribution.

Renren expects that trading for its ADSs will be extremely volatile given the per ADS value of the special cash distribution compared to the current trading price of Renren's ADS. In particular, volatility is expected to be high on and around December 21, 2022, the last date on which purchasers of ADSs on the NYSE will obtain the right to receive the special cash distribution with respect to the purchased ADSs, and on and around December 22, 2022, the Ex-Dividend date.

The trading price for Renren's ADSs on the ex-dividend date is expected to be much lower than the closing price on the last trading date before the ex-dividend date, to reflect the amount of the special cash distribution. To the extent that Renren's ADSs trade below US$1.00 per ADS for an extended period of time, or at a price viewed to be an abnormally low selling price under NYSE rules, Renren's ADSs may be suspended from trading on the NYSE and ultimately delisted.

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First Half of 2021 Highlights

Except where specified otherwise, the following commentary compares results for the six months ended June 30, 2021 to results for the corresponding period in 2020, excluding those of Kaixin Auto Holdings (“Kaixin”).

· The Company completed its deconsolidation of Kaixin on June 25, 2021 through Kaixin’s reverse acquisition of Haitaoche Limited (“Haitaoche”). Upon completion of the reverse acquisition, the Company’s ownership interest in Kaixin decreased from 69.4% as of December 31, 2020 to 33.3% as of June 30, 2021. The Company recognized a gain on the deconsolidation of US$123.7 million. For periods on and after June 25, 2021, Renren is accounting for its retained non-controlling investment in Kaixin under the equity method of accounting.

· Total net revenues improved 91% to US$15.0 million compared to US$7.9 million for the six months ended June 30, 2020.

· Paying subscriptions to the Company’s SaaS businesses, Chime and Trucker Path as of June 30, 2021 reached 2,100 and 59,000 respectively, representing an increase of 32% and 129% compared to June 30, 2020. Chime’s active seats, which are defined as eligible users on a paid subscription and registered to use the platform, increased to 16,100 from 6,900.

· Gross Margins from the Company’s SaaS businesses ended the period at 84% as compared to 79% for the corresponding period ended June 30, 2020. When compared to RenRen’s consolidated Gross Margins while operating Kaixin, margins increased 67%, from 17% for the six months ended June 30, 2020. This increase is primarily due to the deconsolidation of the Kaixin auto business which has historically operated at lower margins than the SaaS businesses.

· Operating loss of US$7.1 million, improved 60% from that of US$17.9 million in the corresponding period in 2020.

· Net loss from continuing operations attributable to the Company was US$49.7 million, compared to that of US$13.3 million in the corresponding period in 2020.

· Adjusted loss from operations (1) (non-GAAP) of US$2.8 million, improved from an adjusted loss from operations of US$8.0 million in the corresponding period in 2020.

· Adjusted net income from continuing operations (1) (non-GAAP) was US$1.9million, compared to an adjusted net loss from continuing operations of US$3.9 million in the corresponding period in 2020.

· The Company’s cash and cash equivalents increased to US$70.6 million from US

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https://ir.renren-inc.com/node/9126/html#tm2136546d1_ex99-1.…

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hat jemand mehr Informationen zum letzten Kursanstieg

hat jemand mehr Informationen zum letzten Kursanstieg?