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For the whole of 2022, total revenue was 44.3 million yuan, compared with 56.8 million yuan in 2021. The net loss was 329.3 million yuan, compared with a net loss of 313.9 million yuan in 2021. Without Non-GAAP, the adjusted net loss was $206.2 million, compared with a net loss of $192.8 million in 2021.
Fourth quarter results:
Total revenue was 15.7 million yuan, an increase of 90.7% compared with 8.2 million yuan in the third quarter of 2022.
The cost of revenue was 5.3 million yuan, compared with 2.8 million yuan in the third quarter of 2022.
The gross profit was 10.4 million yuan, an increase of 91.1% compared with 5.4 million yuan in the third quarter of 2022.
The gross margin was 66.1%, compared with 65.9% in the third quarter of 2022.
Total operating expenses were 104 million yuan, compared with 80.5 million yuan in the third quarter of 2022. Without Non-GAAP, adjusted operating expenses were $73.2 million, compared with $59.7 million in the third quarter of 2022.
Sales and marketing expenses were 15.5 million yuan, compared with 12.7 million yuan in the third quarter of 2022. Not in accordance with Non-GAAP, the adjusted sales and marketing expenditure is 7.1 million yuan.
General and administrative expenses were $51.4 million, compared with $36.5 million in the third quarter of 2022. Not in accordance with Non-GAAP, the adjusted general and administrative expenses are 41.7 million yuan.
Spending on R & D was 37.1 million yuan, compared with 31.3 million yuan in the third quarter of 2022. Without the general accounting standards (Non-GAAP), the adjusted R & D expenditure is 24.4 million yuan.
The operating loss was 92.2 million yuan, compared with 73.7 million yuan in the third quarter of 2022. Without Non-GAAP, the adjusted operating loss was 61.3 million yuan, compared with 52.9 million yuan in the third quarter of 2022.
The net loss was 110.1 million yuan, compared with a net loss of 76.5 million yuan in the third quarter of 2022. Without Non-GAAP, the adjusted net loss was $59.4 million, compared with a net loss of $55.1 million in the third quarter of 2022.
The net loss was 110.1 million yuan, compared with a net loss of 76.5 million yuan in the third quarter of 2022. Without Non-GAAP, the adjusted net loss was $59.4 million, compared with a net loss of $55.1 million in the third quarter of 2022.
As of December 31, 2022, Yihang has 249.3 million yuan in cash, cash equivalents, restricted cash and short-term investments.
Annual results for 2022:
Total revenue is 44.3 million yuan, compared with 56.8 million yuan in 2021.
The revenue cost is 15.1 million yuan, compared with 20.8 million yuan in 2021.
The gross profit was 29.2 million yuan, compared with 36 million yuan in 2021. The gross profit margin is 65.9%, compared with 63.4% in 2021.
The total operating cost is 339.3 million yuan, compared with 367.8 million yuan in 2021.
The operating loss was 304 million yuan, compared with 320.5 million yuan in 2021. Without Non-GAAP, the adjusted operating loss is 207.1 million yuan, compared with 199.4 million yuan in 2021.
The net loss was 329.3 million yuan, compared with a net loss of 313.9 million yuan in 2021. Without Non-GAAP, the adjusted net loss was $206.2 million, compared with a net loss of $192.8 million in 2021.
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