Ata Creativity Global Stock Price, News & Analysis

ATA Creativity Global (AACG), an international education services provider focused on creative learning experiences, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC).

The report is accessible through the company's investor relations website under the SEC Filings section. AACG will provide shareholders and ADS holders with free hard copies of the annual report upon request via their IR representatives or email.

ATA Creativity Global (AACG) reported strong Q4 2024 financial results with net revenues increasing 20.7% to RMB100.9 million ($13.8 million) and net income rising 54.9% to RMB13.3 million ($1.8 million) compared to Q4 2023.

For FY 2024, net revenues grew 21.0% to RMB268.1 million ($36.7 million), surpassing guidance. However, the company recorded a net loss of RMB36.1 million ($4.9 million). Student enrollment in Q4 2024 increased 2.7% to 1,038, with credit hours delivered up 35.6%.

The company provided FY 2025 guidance projecting net revenues between RMB276-281 million, representing 3-5% year-over-year growth. Management expects growth to normalize following the post-COVID recovery in FY 2024.

ATA Creativity Global (AACG), a Nasdaq-listed international educational services company, has scheduled the release of its fourth quarter and full year 2024 financial results for March 25, 2025, after market close.

The company will host a conference call to discuss the results and management's outlook on Tuesday, March 25, 2025, at 9:00 p.m. Eastern Time (9:00 a.m. Beijing Time on Wednesday, March 26). A simultaneous audio webcast with accompanying slides will be accessible through the company's investor relations website and a dedicated webcast link.

ATA Creativity Global (AACG), an international educational services provider, announced the successful completion of its 2024 Annual General Meeting on December 3, 2024. Shareholders approved all proposed items, including the re-election of Zhilei Tong as class A director and the re-appointment of Audit Alliance LLP as the company's independent auditor for fiscal year 2024. The board of directors and audit committee were authorized to determine Audit Alliance LLP's remuneration.

ATA Creativity Global (AACG) announced two updates regarding its Nasdaq listing compliance status. The company has regained compliance with the minimum bid price requirement, as its ADS closing price remained above $1.00 from November 1-25, 2024. However, AACG received notification of non-compliance with the minimum stockholders' equity requirement of $10 million for Nasdaq Global Market listing.

The company has until January 13, 2025, to submit a compliance plan. If accepted, Nasdaq may grant up to 180 days extension to regain compliance. Meanwhile, AACG's ADSs continue trading on Nasdaq Global Market, and business operations remain unaffected.

ATA Creativity Global (AACG) reported Q3 2024 financial results with net revenues increasing 13.1% to RMB67.3 million ($9.6 million) compared to Q3 2023. Student enrollment grew 17.9% to 1,289, with 57.8% in portfolio training programs. Despite revenue growth, the company reported a net loss of RMB14.7 million ($2.1 million), wider than the RMB7.3 million loss in Q3 2023. Gross margin decreased to 44.6% from 49.2% year-over-year. The company reiterated its fiscal year 2024 net revenue guidance of RMB233-255 million, representing 5-15% year-over-year growth.

ATA Creativity Global (AACG) announced it will release its 2024 third quarter financial results on November 7, 2024, after market close. The company will host a conference call at 8:00 p.m. Eastern Time on November 7 (9:00 a.m. Beijing Time on November 8) to discuss the results and management's outlook. A simultaneous audio webcast with slides will be accessible through the company's website and a dedicated webcast link. The replay will be available on the company's website after the call.

ATA Creativity Global (ACG) (Nasdaq: AACG) reported its Second Quarter 2024 financial results, showing improvements in key metrics.

Student enrollment rose 16.8% to 1,084, with 42,841 credit hours delivered, a 49.3% increase from the prior year.

Net revenues increased by 42.8% to RMB51.8 million (US$7.1 million), and the net loss narrowed to RMB16.8 million (US$2.3 million), compared to RMB17.2 million the previous year.

First Half 2024 net revenues were up 27.2% to RMB99.9 million (US$13.7 million), with a corresponding decrease in net loss to RMB34.7 million (US$4.8 million).

ACG reiterated its guidance of total net revenues between RMB233 million and RMB255 million for the fiscal year ending December 31, 2024.

ATA Creativity Global (AACG), an international educational services company, has announced the release of its 2024 second quarter financial results on August 7, 2024, after market close. The company will host a conference call at 9:00 p.m. ET on the same day to discuss the results. Investors can access the call via toll-free numbers for the U.S. & Canada, as well as international toll numbers. Local access is available for China and Hong Kong. A live webcast will also be available, along with an accompanying slide presentation on the company's investor relations website. For those unable to attend, a replay will be provided on the website after the call. The event will include a Q&A session following management's prepared remarks.