Financial Performance - Total revenues for the first quarter of fiscal year 2022 decreased by 30.6% to RMB92.0 million (US$14.2 million) from RMB132.5 million in the same quarter of fiscal year 2021[6]. - Overall GMV for the first quarter was RMB2,864 million (US$443.6 million), a decrease of 8.2% year-over-year[3]. - Loss from operations was RMB98.0 million (US$15.2 million), compared to a loss of RMB94.9 million in the same period of fiscal year 2021[9]. - Net loss attributable to ordinary shareholders was RMB95.5 million (US$14.8 million), compared to RMB88.9 million in the same period of fiscal year 2021[11]. - Adjusted EBITDA was negative RMB25.2 million (US$3.9 million), compared to negative RMB17.4 million in the same period of fiscal year 2021[11]. - Commission revenues decreased by 23.7% to RMB65.1 million (US$10.1 million) from RMB85.3 million in the same period of fiscal year 2021[7]. - Marketing services revenues decreased by 64.0% to RMB8.6 million (US$1.3 million) from RMB24.0 million in the same period of fiscal year 2021[7]. Cash and Assets - Cash and cash equivalents, restricted cash, and short-term investments were RMB776.3 million (US$120.2 million) as of June 30, 2021, compared to RMB803.1 million as of March 31, 2021[12]. - Cash and cash equivalents at the end of the period were RMB 603,155, an increase of 11.3% from RMB 542,884 at the beginning of the period[31]. - Total current assets decreased to RMB 939,909 as of June 30, 2021, from RMB 987,074 as of March 31, 2021, a decline of 4.8%[27]. - Total assets as of June 30, 2021, were RMB 1,728,840, down from RMB 1,839,856 as of March 31, 2021, a decrease of 6.0%[27]. - Total liabilities as of June 30, 2021, were RMB 382,585, slightly down from RMB 384,960 as of March 31, 2021[27]. Operational Metrics - GMV from Live Video Broadcast (LVB) increased by 14.7% year-over-year to RMB2,600 million (US$402.7 million), accounting for 90.8% of total GMV[3]. - Adjusted EBITDA for the three months ended June 30, 2021, was RMB (25,154), compared to RMB (17,426) for the same period in 2020, indicating a worsening of 44.4%[33]. - Cash used in operating activities for the three months ended June 30, 2021, was RMB (11,391), compared to RMB (8,599) for the same period in 2020, reflecting an increase in cash outflow of 32.9%[31]. - The company reported a foreign currency translation adjustment loss of RMB (12,264) for the three months ended June 30, 2021[29]. - The weighted average number of shares used in computing net loss per share for the three months ended June 30, 2021, was 2,528,531,290[29]. Investment Activity - In July 2021, MOGU's affiliated entity purchased equity interests in Hangzhou Ruisha Technology Co., Ltd. for RMB50 million in cash, increasing MOGU's ownership to 59.62%[13].
MOGU(MOGU) - 2022 Q1 - Quarterly Report