BlueCity Holdings Limited

Blued is a developer of a mobile based gay social app designed to connect with the network of guys.The company's gay social app offers a social network for LGBTQ community to shares their pics, go live, chat with local guys, or join groups to plan events thus, providing easy convenient services for the gay community.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BlueCity Holdings Ltd. designs and develops mobile application software solutions. It is an online LGBTQ platform, which engages in providing a suite of services that foster connections and enhance the wellbeing of the LGBTQ community through its portfolio of brands. The firm's portfolio of apps include Blued, LESDO, and Finka. The company was founded by Bao Li Ma in 2000 and is headquartered in Beijing, China.

BEIJING, Aug. 12, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that completion of the merger (the “Merger”) with Diversefuture Limited (the “Merger Sub”), a wholly-owned subsidiary of Multelements Limited (the “Parent”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of April 30, 2022, among the Company, the Parent and the Merger Sub. As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company.

BlueCity Announces Completion of Merger

BEIJING, July 29, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of April 30, 2022, among the Company, Multelements Limited (the “Parent”), and Diversefuture Limited, a wholly-owned subsidiary of Parent (the “Merger Sub”), pursuant to which the Merger Sub will be merged with and into the Company, with the Company being the surviving company and becoming a wholly-owned subsidiary of Parent (the “Merger”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the consummation of the transactions contemplated thereby, including the Merger.

BlueCity Announces Shareholders' Approval of Merger Agreement

BEIJING, June 23, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced it has called an extraordinary general meeting of shareholders (the “EGM”), to be held on July 29, 2022 at 10:00 a.m. (Beijing time), at Block 2 Tower B, No. 22 Pingguo Shequ, Bai Zi Wan Road, Chaoyang District, Beijing 100022, People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of April 30, 2022, among the Company, Multelements Limited (the “Parent”), and Diversefuture Limited, a wholly-owned subsidiary of Parent (the “Merger Sub”), pursuant to which the Merger Sub will be merged with and into the Company, with the Company being the surviving company and becoming a wholly-owned subsidiary of Parent (the “Merger”), the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”) and the consummation of the transactions contemplated thereby, including the Merger.

BlueCity Holdings Limited to Hold Extraordinary General Meeting of Shareholders

BEIJING, May 06, 2022 (GLOBE NEWSWIRE) -- Blued, a world-leading online LGBTQ+ community platform connecting over 60 million users across continents, has launched an HIV awareness and testing campaign in South Korea, teaming up YouTube influencers and NGOs such as the Seoul iSHAP Center and the Korea Medical Assistance Foundation. Besides raising awareness on HIV testing, the campaign also highlights the importance of pre-exposure prophylaxis (PrEP), a medication that is highly effective at preventing HIV transmission when taken as prescribed.

Blued launches HIV awareness campaign in South Korea together with influencers and NGOs

BEIJING, April 30, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Multelements Limited (“Parent”), Diversefuture Limited, a wholly-owned Subsidiary of Parent (the “Merger Sub”), pursuant to which the Company will be acquired by a buyer group in an all-cash transaction (the “Merger”) implying an equity value of the Company of approximately US$60 million for all of the Company's outstanding ordinary shares (each, a “Share”).

BlueCity Enters into Definitive Agreement for Going-Private Transaction

BEIJING, April 28, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced that it filed its annual report on Form 20-F (the "Annual Report") for the fiscal year ended December 31, 2021 with the U.S. Securities and Exchange Commission (the "SEC") on April 28, 2022. The Annual Report can be accessed on the Company's investor relations website at ir.blue-city.com and on the SEC's website at www.sec.gov.

BlueCity Filed Annual Report on Form 20-F for Fiscal Year 2021

BEIJING, April 18, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter dated April 18, 2022 (the “Proposal Letter”) from Mr. Baoli Ma (the “Founder”) and Metaclass Management ELP, an affiliate of Spriver Tech Limited (“Sponsor,” and together with the Founder, the “Buyer Group”), with respect to the proposed “going-private” transaction (the “Proposed Transaction”) wherein the Buyer Group proposes to acquire all of the outstanding ordinary shares of the Company (the “Ordinary Shares”), including the Class A ordinary shares represented by the American Depositary Shares of the Company (the “ADSs,” each two representing one Class A ordinary share) that are not already beneficially owned by the Buyer Group in a going private transaction. A copy of the proposal letter is attached hereto as Exhibit A.

BlueCity Announces Receipt of Updated Preliminary Non-Binding Proposal

BEIJING, April 15, 2022 (GLOBE NEWSWIRE) -- BlueCity (Nasdaq: BLCT), a world-leading LGBTQ platform that provides a full suite of services aimed at fostering connection and enhancing the well-being of its global community, has received the ISO 27001:2013 certification, the international standard for information security. Established by the British Standards Institution (BSI), one of the founding members of the International Organization for Standardization (ISO), this certification is awarded to enterprises that demonstrate best-in-class data security management and protection.

BlueCity receives the ISO 27001:2013 certification for information security

BEIJING, April 08, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2021.

BlueCity Announces Fourth Quarter and Full Year 2021 Unaudited Financial Results

BEIJING, March 7, 2022 /PRNewswire/ -- Baoli Ma, the founder, chairman, and CEO of BlueCity (Nasdaq: BLCT), a world-leading LGBTQ platform that provides a full suite of services aimed at fostering connection and enhancing the well-being of its global community, has been named in the premiere edition of the Gaingels 100, an inspiring collection of LGBTQIA+ entrepreneurs from around the world. He is the only mainland Chinese entrepreneur to be selected by Gaingels, a leading venture investment syndicate in service of the LGBTQIA+ community and its allies.

BlueCity CEO Baoli Ma Named in the Debut Edition of the Gaingels 100

BEIJING, Jan. 10, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that the independent special committee (the “Special Committee”) of the Company's board of directors (the “Board”), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the “Proposal”), has retained Duff & Phelps as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel.

BlueCity Holdings Limited Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

BEIJING, Jan. 04, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that its board of directors (the “Board”) has formed a special committee consisting of three independent directors, Wenjie (Jenny) Wu, Shengwen (Roy) Rong, and Guojie Shi, to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the “Proposal”). Wenjie (Jenny) Wu will chair the special committee.

BlueCity Holdings Limited Announces Formation of Special Committee

Armstrong Flooring

Applied UV

Creative Medical Technology Holdings

Genprex

PolarityTE Inc

Eco Wave Power Global AB

We're diving into the top penny stocks to watch today as several names in the space see major movement on Monday alongside heavy trading. The post 8 Top Penny Stocks to Watch Today: EVGRF, PTE, BLCT, GNPX, AFI, CELZ, AUVI, WAVE appeared first on InvestorPlace.

8 Top Penny Stocks to Watch Today: EVGRF, PTE, BLCT, GNPX, AFI, CELZ, AUVI, WAVE

BlueCity Holdings (BLCT) has announced an offer for the company's stock from Baoli Ma and Spriver Tech Limited and we've got the details. The post BLCT Stock: 7 Things to Know About LGBT Platform BlueCity Holdings and the Spriver Tech Deal appeared first on InvestorPlace.

BLCT Stock: 7 Things to Know About LGBT Platform BlueCity Holdings and the Spriver Tech Deal

The stock price of BlueCity Holdings Ltd (NASDAQ: BLCT) increased by over 29% pre-market today. This is why it happened.

BlueCity Holdings Stock (BLCT): Why The Price Surged Today

BEIJING, Jan. 03, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ( “BlueCity” or the “Company”) (NASDAQ: BLCT), a leading online LGBTQ platform, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter (the “Proposal Letter”), dated January 2, 2022, from Mr. Baoli Ma, founder, chairman of the Board and chief executive officer of the Company (the “Founder”), and Spriver Tech Limited (together with the Founder, the “Buyer Group”), to acquire all of the outstanding ordinary shares of the Company (the “Ordinary Shares”), including the Class A ordinary shares represented by the American Depositary Shares of the Company (the “ADSs”, each two representing one Class A ordinary share) that are not already beneficially owned by the Buyer Group for a proposed purchase price of US$3.70 per Ordinary Share or US$1.85 per ADS in cash (the “Proposed Transaction”). A copy of the Proposal Letter is attached hereto as Exhibit A.

BlueCity Holdings Limited Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

BEIJING, Dec. 17, 2021 /PRNewswire/ -- Blued, a world-leading one-stop mobile destination connecting more than 60 million LGBTQ people worldwide, is launching 'Flash', a new event-based feature that enables users to connect in-person by opening their offline and online activities to fellow members of the community. Already released in South Korea and Vietnam, the feature will be available in more markets in the coming festive seasons.

Get Flash(y) for the Holidays: Blued's New Seasonal Feature Bridges Online-Offline Social Gatherings

New report offers comprehensive look at LGBTQ platform's environmental, social and governance philosophy and efforts across wide-ranging areas Among BlueCity's noteworthy accomplishments in 2020 was its efforts to combat COVID-19 and HIV in countries around the world In 2020, BlueCity improved diversity in its workplace and user satisfaction for its Blued app, and reduced its carbon footprint BEIJING, Dec. 8, 2021 /PRNewswire/ -- BlueCity (Nasdaq: BLCT), a world-leading LGBTQ platform that provides a comprehensive suite of services aimed at fostering connection and enhancing the well-being of its global community, today released its 2020 ESG report. The new report offers a comprehensive look into the company's ESG philosophy and efforts across wide-ranging areas, among them diversity, pandemic response, HIV prevention, user privacy and the environment.

BlueCity's 2020 ESG Report Highlights Its Unique LGBTQ-Driven Corporate Citizenship

BEIJING, Nov. 30, 2021 /PRNewswire/ -- BlueCity (Nasdaq: BLCT), a world-leading LGBTQ platform that fosters connection and well-being, is integrating HIV prevention organizations into the international edition of its social networking app, Blued, as part of a landmark new feature ahead of World AIDS Day (Dec. 1, 2021). Set to be officially launched by the end of the year, Blued's digital HIV prevention feature will be amplified with BlueCity's #BePositive campaign in several markets around the world.

Blued Expands Access to HIV Services with Innovative Digital Prevention Feature

BlueCity Holdings Limited (BLCT) CEO Baoli Ma on Q3 2021 Results - Earnings Call Transcript

BEIJING, Nov. 26, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (Nasdaq: BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the third quarter ended September 30, 2021.

BlueCity Announces Third Quarter 2021 Unaudited Financial Results

BlueCity Holdings (NASDAQ:BLCT) is set to give its latest quarterly earnings report on Friday, 2021-11-26. Here's what investors need to know before the announcement.

Earnings Outlook For BlueCity Holdings

BEIJING, Nov. 19, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world's leading online LGBTQ platform, today announced that it will report its third quarter 2021 unaudited financial results on Friday, November 26, 2021, before the U.S. market opens.

BlueCity to Report Third Quarter 2021 Unaudited Financial Results on Friday, November 26, 2021

BEIJING, Nov. 11, 2021 /PRNewswire/ -- BlueCity (NASDAQ: BLCT) based in Beijing, China, and focused on providing a comprehensive suite of services to foster connections and enhance the wellbeing of the LGBTQ community, today announced that BlueCity, CSO Alfred Ying will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November 16th.  This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

BlueCity to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 16 November 2021

BEIJING, Nov. 5, 2021 /PRNewswire/ -- BlueCity (Nasdaq: BLCT) has announced that He Health, its health service platform for men, has officially launched Mr. Heer, a new consumer health brand dedicated entirely to male personal care and sexual health products.

News for BlueCity Holdings Limited Stock (BLCT)