Welcome to our dedicated page for Ata Creativity Global news (Ticker: AACG), a resource for investors and traders seeking the latest updates and insights on Ata Creativity Global stock.
ATA Creativity Global (AACG) provides specialized educational services, including overseas art study programs and K-12 assessment solutions. This page aggregates official news and press releases, offering stakeholders a centralized resource for tracking the company’s strategic initiatives and market position.
Investors and industry professionals will find updates on financial results, program launches, and partnerships that reflect AACG’s growth in global education. The curated content emphasizes operational developments in art-based learning and educational technology advancements.
Regular updates cover critical areas such as overseas expansion efforts, assessment service innovations, and leadership announcements, providing insights into the company’s evolving role in creative education. All content is vetted for accuracy and relevance to maintain trustworthiness.
Bookmark this page to stay informed about AACG’s latest developments, ensuring timely access to decisions impacting international education services and creative learning methodologies.
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.
ATA Creativity Global (Nasdaq: AACG) received a notice from Nasdaq on May 29, 2024, indicating that its American depositary shares (ADSs) have fallen below the minimum bid price of $1.00 for 30 consecutive business days. As a result, the company has 180 days, until November 25, 2024, to regain compliance by achieving a closing bid price of at least $1.00 for 10 consecutive business days. If compliance is not regained by this date, the company may be eligible for additional time if it meets other Nasdaq listing requirements. AACG's business operations remain unaffected, and the company is monitoring its stock price closely to resolve the issue.
ATA Creativity Global (NASDAQ: AACG) reported a net revenue increase of 13.7% year-over-year for Q1 2024, reaching RMB48.1 million (US$6.7 million). Student enrollment grew by 24.9% to 1,370, and credit hours delivered rose by 21.3% to 33,527. However, the company posted a net loss of RMB17.9 million (US$2.5 million), consistent with the previous year's net loss. Gross profit increased by 16.8% to RMB21.9 million (US$3.0 million) with a gross margin of 45.5%. ACG maintained cash and cash equivalents of RMB57.6 million (US$8.0 million). Operating expenses increased to RMB43.6 million (US$6.0 million), attributed to hiring additional sales personnel. The company reaffirmed its 2024 revenue guidance of RMB233-255 million, predicting a 5-15% year-over-year growth.
ATA Creativity Global (AACG) announced the release of its financial results for the first quarter of 2024 on May 14, 2024. The conference call to discuss the results will be held on May 15, 2024. The Company will provide a webcast and slide presentation for investors, with a Q&A session following management's remarks.
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