Bright Scholar E Stock Price, News & Analysis

Bright Scholar Education Holdings Limited (NYSE: BEDU) reported its financial results for Q4 and FY 2022, showcasing a revenue increase of 26.2% YoY in Q4 to RMB 403.9 million and 22.3% YoY for the fiscal year at RMB 1.71 billion. Gross profit surged by 73.4% YoY in Q4, reaching RMB 83.8 million. The operating loss improved by 70.9% YoY in Q4, totaling RMB 59.4 million. For FY 2022, net loss decreased to RMB 159.4 million, down 3.8% YoY. The company emphasized ongoing recovery post-pandemic, with overseas school revenue up 61.1% in Q4. Management remains cautious regarding macroeconomic challenges.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced a board change, with Huiyan Yang resigning as chairperson effective November 30, 2022, due to personal reasons. Her departure was not due to any disagreement regarding the company's operations. Hongru Zhou has been appointed as the new chairman and director, effective the same date. Zhou, a co-founder of Country Garden Venture Capital, holds a degree in applied mathematics and economics from Harvard. Following these changes, the Board will consist of six members, three of whom are independent.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced that it will release its unaudited financial results for the fourth fiscal quarter and fiscal year ended August 31, 2022 on November 29, 2022, post US market closure. The earnings press release will be available on their investor relations page. Bright Scholar is dedicated to providing quality international education and offers both global and local curricula to support students' academic pursuits.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced on September 1, 2022, that it has regained compliance with the NYSE's minimum share price requirement. The company had previously been notified of non-compliance on March 25, 2022, due to its average ADS price falling below US$1.00 over 30 trading days. To regain compliance, Bright Scholar adjusted the ADS ratio from 1:1 to 1:4, effective August 19, 2022. Following this change, the NYSE confirmed the company's average ADS price exceeded US$1.00, allowing it to remain listed on the exchange.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced the results of its 2022 annual general meeting held on August 22, 2022. Shareholders approved the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the company's independent registered public accounting firm for the fiscal year ending August 31, 2022. Bright Scholar is a global leader in educational services, offering international education and essential academic foundations to students worldwide while providing a Chinese curriculum for those pursuing higher education in China.

Bright Scholar Education Holdings Limited (NYSE: BEDU) announced a change in the ratio of its American Depositary Shares (ADS) to Class A ordinary shares from 1:1 to 1:4, effective August 19, 2022. This change acts as a 1-for-4 reverse ADS split. No action is required from ADS holders, and fractional ADSs will be sold with proceeds distributed to entitled holders. While the change may lead to a proportional increase in ADS price, Bright Scholar cannot guarantee that the post-change price will be four times the pre-change price.

Bright Scholar Education Holdings Limited (NYSE: BEDU) reported its third fiscal quarter results for 2022, showing a 20.7% revenue increase to RMB 437.5 million from RMB 362.4 million YoY. Gross profit surged 158.2% to RMB 135.4 million, with a gross margin of 30.9%. Despite a net loss of RMB 7.1 million, adjusted EBITDA soared by 2,052.6% to RMB 69.0 million. Operating income reported was RMB 19.3 million, up 127.5%. Revenue from overseas schools rose 32.1%, while domestic kindergartens saw a 53.6% increase in revenue. The company is focused on recovery and cost management amidst ongoing challenges.

Bright Scholar Education Holdings Limited (BEDU) has completed the redemption of all its outstanding senior notes, totaling US$232,327,404, which includes principal and accrued interest, as of July 31, 2022. The company asserts that this action will not materially impact its financial position. Following the redemption, all senior notes have been canceled and delisted from the Hong Kong Stock Exchange. Bright Scholar aims to provide quality international education while integrating Chinese curriculum for students aspiring for higher education in China.

Bright Scholar Education Holdings Limited (NYSE: BEDU) will release its unaudited financial results for the third fiscal quarter of 2022, ending May 31, 2022, on August 4, 2022, after U.S. market closure. The earnings report will be accessible on their investor relations page. Bright Scholar is a leading education service provider, focused on delivering international education while adhering to Chinese curriculum standards. This announcement includes forward-looking statements regarding the company's business plans and potential risks.