On November 22, futu holdings released its unaudited financial report for the third quarter of fiscal year 2019. According to the data, futu's revenue in the third quarter increased by 12.8% year-on-year to HK $254.3 million (US $32.4 million), and its net profit under non GAAP was HK $23.8 million (US $3 million), down 27.4% year-on-year.
FTU's shares fell nearly 4% in pre session trading. As of the publication, FTU's stock price fell $0.42, or 3.77%.
According to the data, futu holdings was listed on NASDAQ in March this year. At the initial stage of listing, the stock price of futu holdings once rose to $19.28, but it has been falling since then. As of Thursday's close, futu shares closed at $11.14, below the $12 issue price.
The latest financial report data shows that as of the third quarter, the number of registered users of futu Niuniu under futu reached 6.9 million, the number of customers who opened accounts reached 653000, and the number of customers with assets reached 177000. In the current quarter, sales and marketing expenses increased by 13% year-on-year, and R & D expenses increased by 77.3% year-on-year to HK $70.9 million.