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51Talk Online Education Group American Depositary Shares, each representing sixty (60) - $COE STOCK NEWS

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Rhea-AI Summary

51Talk Online Education Group, a global online education platform, filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC. The report includes audited financial statements and can be accessed online or requested in hard copy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.43%
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Rhea-AI Summary
51Talk Online Education Group (COE) reports strong financial growth in 2023, with gross billings reaching US$39.9 million and net revenues at US$27.3 million. Active student numbers surged by 93.9%, reflecting significant expansion. Despite positive financial results, operating expenses saw a notable increase, leading to an operating loss of US$4.6 million in Q4 2023. The company's outlook for Q1 2024 shows a promising sequential growth of 3.6% to 8.1%.
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Rhea-AI Sentiment
End-of-Day
2.64%
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Rhea-AI Summary
51Talk Online Education Group (COE) to report unaudited financial results for Q4 2023 on March 22, 2024. Earnings call scheduled at 8:00 a.m. EST. Dial-in details provided for participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.33%
Tags
conferences earnings
Rhea-AI Summary
51Talk Online Education Group (COE) reported a 70.4% increase in net revenues to US$7.8 million and a 11.3% growth in gross billings to US$10.9 million for the third quarter of 2023. The number of active students with attended lesson consumption also grew by 84.6% to approximately 36,000. However, the gross margin decreased from 78.6% to 76.3% compared to the same quarter last year. The company also reported a net loss of US$3.9 million for the third quarter of 2023.
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Rhea-AI Sentiment
End-of-Day
-2.51%
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Rhea-AI Summary
51Talk Online Education Group (COE) to Report Q3 2023 Financial Results on December 18, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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conferences earnings
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Rhea-AI Summary
51Talk Online Education Group announces Q2 2023 results, with gross billings of US$9.8 million, a 21.0% growth from Q1 2023. Active students with attended lesson consumption increased by 99.3% from Q2 2022. Net revenues increased by 77.5% to US$6.3 million. Operating expenses increased by 14.1%. Outlook for Q3 2023 expects net gross billings to be between US$10.3 million and US$11.0 million, representing a sequential growth of 5.1% to 12.2%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.79%
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Rhea-AI Summary
51Talk Online Education Group will report its Q2 2023 financial results on August 25, 2023. Earnings conference call scheduled at 8:00 a.m. EST. Webcast available on the investor relations website. Replay accessible until August 31, 2023.
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Rhea-AI Sentiment
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-2.17%
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conferences earnings
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2.56%
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-1.47%
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51Talk Online Education Group American Depositary Shares, each representing sixty (60)

NYSE:COE

COE Rankings

COE Stock Data

41.83M
29.25M
24.42%
21.19%
Professional and Management Development Training
Educational Services
Link
United States of America
Beijing

About COE

the no.1 online english learning platform in china and the fastest growing online english language teaching (elt) platform in the philippines.