Investigation of LAIX, Inc.
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LAIX Inc. (LAIX) Announces Disappointing Fourth Quarter 2019 Results
On March 12, 2020, LAIX, Inc. (LAIX) issued a press release announcing that the Company’s unaudited fourth quarter and full year 2019 financial results. For the quarter, LAIX reported GAAP diluted net loss per share of $0.60 on revenue of $33.2 million, and a noticeable increase in operating expenses for sales and marketing, and administrative expenses, including bonuses, salaries, and benefits for personnel. LAIX also reported a net loss for the full year 2019. On this news, LAIX’s stock price fell 15.4% to close at $3.79