IHuman Q2 Income Rises, But Revenue, MAUs Drop; Stock Down In Pre-market

(RTTNews) - iHuman Inc. (IH), a provider of tech-powered, intellectual development products, Thursday reported higher income for the second quarter though revenue and Average total Mobile Active Users were lower.

In the pre-market activity on the NYSE, IH stock was losing around 3.6 percent, to trade at $2.96.

Quarterly net income increased to RMB 31.89 million or $4.45 million from RMB 24.66 million in the same period last year.

Net income per American Depository share or ADS was RMB 0.60 or $0.08, compared to RMB 0.45 last year.

Adjusted net income was RMB 31.98 million or $4.46 million, lower than RMB 25.47 a year earlier. Adjusted net income per ADS was RMB0.60 or $0.08, compared to RMB 0.47 a year ago.

The company's revenues were RMB 200.16 million or $27.94 million, down from RMB 215.11 million in the prior year, primarily due to the decline in China's newborn population and more conservative consumer spending.

Average total Mobile Active Users or MAUs for the second quarter were 23.72 million, compared with 24.57 million in the same period last year.