Koal Software Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 68.6 million compared to CNY 137.16 million a year ago. Revenue was CNY 68.6 million compared to CNY 137.16 million a year ago.

Net loss was CNY 41.65 million compared to CNY 55.93 million a year ago. Basic loss per share from continuing operations was CNY 0.18 compared to CNY 0.24 a year ago. Diluted loss per share from continuing operations was CNY 0.18 compared to CNY 0.24 a year ago.