| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Net revenues: | ||||||
Services | ||||||
122,869 | 95,936 | 74,815 | ||||
Products | ||||||
17,934 | 12,577 | 8,043 | ||||
Total net revenues | ||||||
140,803 | 108,513 | 82,858 | ||||
Cost of revenues: | ||||||
Services | ||||||
101,522 | 85,356 | 70,310 | ||||
Products | ||||||
9,755 | 6,260 | 4,047 | ||||
Total cost of revenues | ||||||
111,277 | 91,616 | 74,357 | ||||
Gross profit | ||||||
29,526 | 16,897 | 8,501 | ||||
Operating expenses: | ||||||
Selling expenses | ||||||
1,774 | 1,922 | 1,191 | ||||
General and administrative expenses | ||||||
18,418 | 7,424 | 8,389 | ||||
Total operating expenses | ||||||
20,192 | 9,346 | 9,580 | ||||
Operating (loss) income | ||||||
9,334 | 7,551 | -1,079 | ||||
Interest income | ||||||
563 | 107 | 74 | ||||
Government subsidy income | ||||||
863 | 573 | 526 | ||||
Gain (loss) on disposal of subsidiaries | ||||||
-168 | - | 163 | ||||
(Loss) income before income taxes | ||||||
10,592 | 8,231 | -316 | ||||
Income tax expenses | ||||||
3,812 | 2,155 | 980 | ||||
(Loss) income before loss in equity method investments | ||||||
6,780 | 6,076 | -1,296 | ||||
Loss from equity method investments | ||||||
-239 | -189 | 0 | ||||
Net (loss) income | ||||||
6,541 | 5,887 | -1,296 | ||||
Less: Net loss attributable to noncontrolling interest | ||||||
-574 | -618 | -664 | ||||
Net (loss) income attributable to RYB Education, Inc. | ||||||
7,115 | 6,505 | -632 | ||||
Less: Accretion of convertible redeemable preferred shares | ||||||
- | - | 2,384 | ||||
Deemed dividends to convertible redeemable preferred shareholders | ||||||
- | - | 763 | ||||
Net (loss) income attributable to ordinary shareholders of RYB Education, Inc. | ||||||
7,115 | 6,505 | -3,779 | ||||
Net (loss) income per share attributable to ordinary shareholders of RYB Education, Inc. | ||||||
Basic (in dollars per share) | ||||||
0.29 | 0.28 | -0.22 | ||||
Diluted (in dollars per share) | ||||||
0.27 | 0.26 | -0.22 | ||||
Weighted average shares used in calculating net (loss) income per ordinary share | ||||||
Basic (in shares) | ||||||
24,735 | 23,163 | 16,929 | ||||
Diluted (in shares) | ||||||
26,566 | 24,682 | 16,929 | ||||