Q4 2019 Earnings Call
Ladies and gentlemen, thank you for standing by and welcome to the New technologies fourth quarter 2019 earnings release Conference call. At this time all participants are in a listen only mode. There will be a presentation followed by a question and answer session at which time. If you wish to ask a question you will need to press star one.
Telephone I must advise you did this conference is being recorded.
I'd like to had a conference over to your first speaker today Mr., Jason Yang Investor Relations manager. Thank you. Please go ahead.
Thank you operator, Hello, everyone. Welcome today's conference call to discover new technologies.
Fourth quarter, and we are to the Nike the core is being webcast.
Our website investor presentation, and the replaced the coal will be available at <unk> Dot Dot com.
Please note today's discussion will contain forward looking statements made under the safe Harbor provision the United States Private Securities Litigation Reform Act Nike.
Forward looking statements involve risks uncertainties assumptions and other factors the comedy and actual results may be material with deeper from those expressed today.
The information regarding the respect are included in the <unk> public filings with the Securities and Exchange Commission.
The company does not assume an obligation to update.
These statements except as required by law.
Personally I believe caught discussion of certain non-GAAP and there's no matter. The press release contains a definition of nine companies reserves and every calculation GAAP to non-GAAP financial results.
The call with me today on our CEO Dr. Yodlee and the Seattle, we hardly John No, let me turn the call, but yes.
[noise] alright, thanks, Jason and thanks, everyone for joining us on the call today.
So on the performance our silk William has increased by 14% in Q4 to 29 cheap.
24% for the three year old 2019.
Oh, good revenue also increased by 25% in Q4 and the by 41% for year 2019.
We have also enhance our gross margin achieving at historically high gross margin at 26.1 person a net profit margin at 11.3% in Q4 2019.
Oh financial data what beyond our expectations.
No we continue to build our leadership in urban mobility their product and technology development, you better user base active.