Shareholder rights law firm Robbins LLP announces it is investigating whether certain officers and directors of LAIX Inc. (NYSE: LAIX) violated federal securities laws. LAIX provides online English learning services through its Liulishuo mobile app in the People's Republic of China.
If you suffered a loss as a result of LAIX's misconduct, click here.
LAIX Inc. (LAIX) Announces Disappointing Fourth Quarter 2019 Results
On March 12, 2020, LAIX issued a press release announcing that the Company's unaudited fourth quarter and full year 2019 financial results. For the quarter, LAIX reported GAAP diluted net loss per share of $0.60 on revenue of $33.2 million, and a noticeable increase in operating expenses for sales and marketing, and administrative expenses, including bonuses, salaries, and benefits for personnel. LAIX also reported a net loss for the full year 2019. On this news, LAIX's stock price fell 15.4% to close at $3.79.
LAIX Inc. (LAIX) Shareholders Have Legal Options
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