| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Class of Stock | ||||||
Class of Stock | ||||||
Series A Preferred Shares | ||||||
Series B Preferred Shares | ||||||
Series C Preferred Shares | ||||||
Sale of Stock | ||||||
Sale of Stock | ||||||
Upon Initial Public Offering | ||||||
Revenue: | ||||||
Transaction and service fees (net of customer acquisition incentive) | ||||||
91,621 | 55,891 | 62,535 | ||||
Other revenue | ||||||
1,156 | 1,092 | 946 | ||||
Revenue | ||||||
92,777 | 56,983 | 63,481 | ||||
(Provision)/Reversal for loan losses | ||||||
-13 | - | 3,924 | ||||
Discretionary Payments | ||||||
4,576 | - | - | ||||
Business related taxes and surcharges | ||||||
503 | 1,122 | 3,424 | ||||
Net revenue | ||||||
87,711 | 55,861 | 56,133 | ||||
Operating expense: | ||||||
Servicing expenses | ||||||
13,651 | 13,889 | 13,484 | ||||
Sales and marketing expenses | ||||||
45,341 | 29,954 | 34,182 | ||||
General and administrative expenses | ||||||
54,121 | 36,742 | 30,355 | ||||
Product development expenses | ||||||
11,642 | 8,630 | 5,675 | ||||
Total operating expenses | ||||||
124,755 | 89,215 | 83,696 | ||||
Other income (expense): | ||||||
Other income (expense), net | ||||||
508 | -9 | -2,456 | ||||
Loss before income tax expense | ||||||
-36,536 | -33,363 | -30,019 | ||||
Income tax expense | ||||||
113 | 3 | 7 | ||||
Net loss | ||||||
-36,649 | -33,366 | -30,026 | ||||
Accretion on convertible redeemable preferred shares to redemption value | ||||||
2,868 | 6,377 | 3,201 | ||||
Deemed dividend to Series C convertible redeemable preferred shares | ||||||
- | 635 | - | ||||
Net loss attributable to ordinary shareholders | ||||||
-121,551 | -40,378 | -33,227 | ||||
Net loss | ||||||
-36,649 | -33,366 | -30,026 | ||||
Foreign currency translation adjustment, net of nil tax | ||||||
170 | -1,885 | -533 | ||||
Comprehensive loss | ||||||
-36,479 | -35,251 | -30,559 | ||||
Weighted average number of ordinary shares used in computing net loss per share | ||||||
Basic | ||||||
49,054 | 16,437 | 16,232 | ||||
Diluted | ||||||
49,054 | 16,437 | 16,232 | ||||
Loss per share attributable to ordinary shareholders | ||||||
Basic | ||||||
-2.48 | -2.46 | -2.05 | ||||
Diluted | ||||||
-2.48 | -2.46 | -2.05 | ||||