Koal Software Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 50.167 million compared to CNY 58.484 million a year ago. Operating loss was CNY 28.164 million compared to CNY 3.929 million a year ago. Net loss was CNY 27.135 million compared to CNY 1.842 million a year ago. Basic loss per share from continuing operations was CNY 0.22 compared to CNY 0.02 a year ago.