Information Update for LIZI-4Q19


Hi editorial and tickers team,

This is Sophia Shang from The Piacente Group, and we handle investor relations for LIZHI INC. (Nasdaq: LIZI). The company announced its 4Q&FY19 financial results on March 12. I found the information of LIZI on your platform are not in line with the public information provided by LIZI.

1. Company profile is not good:

Lizhi Inc. operates as an online UGC audio community in the People’s Republic of China. It operates an interactive audio entertainment and online audio platform, as well as offers Lizhi app that allows users to record and share their voices on mobile devices. The company was founded in 2010 and is headquartered in Guangzhou, the People’s Republic of China.

Please kindly replace People’s to People’s.

2. Could you update the news of LIZHI INC. 4Q19 results as BILI shown?

3. Basic EPS ($3.34) and Diluted EPS ($3.34) are not good:

On your website:

NI to Common Incl Extra Items is (43.5)

Basic Weighted Average Shares Outst. is 13.0

So Basic EPS is $3.34 (43.5/13.0)

But LIZHI INC. 4Q19 Earnings PR shows

Weighted average number of ordinary shares is 260,000,000:

So Weighted Average common Shares Outst. Is 260 and Basic EPS is $0.17 (43.5/ 260)

Hi dispute team,

1. Could you kindly please remove this news?

LIZHI EPS beats by $0.09, misses on revenue:

In the fourth quarter, Lizhi did not miss revenue and it shows wrong information to investors.

The guidance only include one broker Needham, but Citi and Needham both covers LIZHI INC.: