CTK - CTK STOCK NEWS

CooTek (Cayman) Inc. (NYSE: CTK) reported a strong financial performance for Q4 and full year 2020. Q4 net revenue reached US$102.4 million, a 48% increase year-over-year, while full year revenue was US$441.5 million, up 148% from 2019. Despite the revenue growth, CooTek faced a net loss of US$18.8 million in Q4, widened from US$6.6 million in the previous year. The company’s successful categories include online literature, scenario-based content apps, and casual games, contributing significantly to overall revenues. Looking ahead, CooTek anticipates revenue growth in 2021.

CooTek (Cayman) Inc. (NYSE: CTK) will announce its unaudited financial results for Q4 and fiscal year 2020 on March 25, 2021, before the U.S. market opens. An earnings conference call will be held at 8:00 AM ET on the same day. Investors can access the call by dialing specified numbers based on their location. A replay will also be available until April 1, 2021. CooTek specializes in mobile applications, focusing on online literature, content apps, and casual games, leveraging a user-centric and data-driven approach.

CooTek (Cayman) Inc. (NYSE: CTK) has launched the "Fengdu Cup" Fantasy Literature Writing Contest through its platform, Fengdu Novel, aimed at promoting original metaphysical fantasy literature in China. The contest runs from March 1 to August 31, 2021, encouraging participation from online writers. Winners will receive cash prizes, promotional opportunities, and support for IP development. Fengdu Novel reports over 10 million daily active users and has a strong portfolio of contracted authors, reflecting its commitment to nurturing original content and enhancing user engagement.

CooTek (Cayman) Inc. (NYSE: CTK) announced its participation in several virtual investor conferences. The Diamond Virtual Conference will take place on February 24, 2021, followed by the Maxim Group's Emerging Growth Conference on March 18, 2021. Additionally, from March 29 to April 2, 2021, CooTek will engage in 1-on-1 and group meetings at the ICA The Future of Asia Conference. For more details and registration, investors can visit CooTek's investor relations website.

CooTek (Cayman) Inc. (NYSE: CTK) announced on Feb. 8, 2021, that its wholly owned subsidiary in Shanghai has been awarded the "Shanghai Copyright Demonstration Unit" by the Shanghai Copyright Bureau. This prestigious recognition reflects a selective and rigorous review process, awarded to only eight organizations in 2020. CooTek emphasizes the importance of copyright as a core competency essential for its sustainable growth. The company plans to continue investing in copyright and intellectual property content to enhance its mobile applications.

CooTek (Cayman) Inc. (NYSE: CTK) enhances its content ecosystem through strategic partnerships with Tadu Literature, Heiyan.com, and BoYiChuangWei. These collaborations aim to broaden the offerings of its online reading product, Fengdu Novel, by introducing diverse high-quality content. With its AI and Big Data capabilities, CooTek empowers content partners to tailor their work to reader preferences, promoting a more engaging experience. The initiative is part of CooTek's broader strategy to develop a global pan-entertainment content ecosystem that encompasses various media formats.

CooTek (Cayman) Inc. (NYSE: CTK) announced a financing package that includes a $10 million convertible note and a standby equity distribution agreement (SEDA) allowing for the sale of up to $20 million in ADSs over the next 36 months. The note carries a 5% interest rate and matures on January 19, 2022. Under these agreements, the ADSs can be sold at 90% of the market price, with specific limitations on conversion and ownership. Proceeds will support the development of online literature products and general corporate purposes.

CooTek (Cayman) Inc. (NYSE: CTK) is responding to the rising demand for short videos by creating content based on the IP of Fengdu Novel. The company aims to enhance user engagement and entertainment through short video series, significantly shortening production cycles and costs. Their first series, "Proud Wanwan Su," features 20 episodes and is distributed on popular platforms like Douyin and Kuaishou. By leveraging original online literature, CooTek is building an IP ecology to stimulate user interest and traffic for its mobile app, Fengdu Novel.

CooTek (Cayman) Inc. (NYSE: CTK) has launched Fengdu Audiobook, a feature integrated into its Fengdu Novel app, reflecting the growing popularity of audiobooks in the publishing industry. This feature enhances user experience by providing high-quality content, driven by experienced narrators and AI technology for text-to-audio conversion. Fengdu Audiobook aims to meet readers' evolving needs, offering convenience for users during various activities. CooTek focuses on original content production, utilizing data-driven analytics to keep output impressive.