Welcome to our dedicated page for 51Talk news (Ticker: COE), a resource for investors and traders seeking the latest updates and insights on 51Talk stock.
51Talk Online Education Group (COE) provides investors and education professionals with authoritative updates on its AI-driven English learning platform and global EdTech initiatives. This hub aggregates official press releases, regulatory filings, and strategic announcements from the NYSE American-listed company.
Track 51Talk's financial performance, technology developments like its Smart Learning System upgrades, and international expansion efforts across Asian markets. The curated collection serves as a reliable resource for monitoring operational milestones, partnership announcements, and educational technology innovations.
Key updates include earnings reports, teacher network expansions, AI implementation progress, and regulatory compliance developments. All content is verified through primary sources to ensure accuracy for investment research and market analysis purposes.
Bookmark this page for streamlined access to 51Talk's corporate communications, eliminating the need to monitor multiple channels. Check regularly for updates on initiatives supporting the company's mission to democratize English language education through scalable technology solutions.
51Talk Online Education Group (NYSE American: COE) reported strong Q2 2024 results, with gross billings up 61.3% to $15.9 million and net revenues increasing 75.1% to $11.0 million year-over-year. The company saw an 83.2% increase in active students to 54,400. Despite growth, 51Talk reported an operating loss of $2.4 million, improved from $3.0 million in Q2 2023. The company's gross margin slightly decreased to 78.1% from 78.4% last year. 51Talk's CEO highlighted strategic investments in diverse markets and localization efforts as key drivers of growth. For Q3 2024, the company expects net gross billings between $17.0-$18.0 million, representing 7.2% to 13.5% sequential growth.
51Talk Online Education Group (NYSE American: COE), a global online English education platform, has announced it will report its unaudited financial results for the second quarter ended June 30, 2024 on Friday, August 23, 2024, before U.S. markets open. The company will host an earnings conference call at 8:00 a.m. EST on the same day.
Investors can access the call through various international dial-in numbers provided. A live and archived webcast of the conference call will be available on the company's investor relations website. Additionally, a replay of the call will be accessible until August 30, 2024, using the provided replay access code.
51Talk Online Education Group (NYSE: COE) announced its unaudited financial results for Q1 2024, highlighting significant growth. Gross billings rose by 55.6% to $12.6 million, while net revenues increased by 70.1% to $9.4 million compared to Q1 2023. The number of active students surged by 83.3% to approximately 46,200. However, the company reported an operating loss of $3.9 million, up from $2.6 million in the previous year. Net loss attributable to shareholders was $3.7 million. The company expects Q2 2024 gross billings between $13.5 million and $14.0 million.
51Talk Online Education Group (NYSE American: COE), a global online education platform specializing in English education, will report its first quarter 2024 financial results on June 12, 2024, prior to U.S. market opening. The company will also host an earnings call at 8:00 a.m. U.S. Eastern Time the same day, equivalent to 8:00 p.m. Singapore/Beijing/Hong Kong time.
Interested parties can join the earnings call using specific dial-in numbers for various regions, including the U.S., Singapore, Mainland China, and Hong Kong. A live and archived webcast of the call will be available on 51Talk's investor relations website. The replay of the call will be accessible until June 19, 2024, using designated toll numbers and access code.
51Talk Online Education Group (NYSE: COE), a global online education platform specializing in English education, announced changes to its board composition. Effective June 1, 2024, Mr. Jimmy Lai will join as an independent director and take on multiple roles within the board's committees. Mr. Lai previously served as 51Talk's CFO from 2015 to 2018 and has significant experience in various financial roles across multiple companies. Concurrently, Mr. Shengwen (Roy) Rong has resigned for personal reasons, effective May 31, 2024. The transition is amicable with no disputes or disagreements. CEO Jack Jiajia Huang expressed gratitude towards Mr. Rong and welcomed Mr. Lai's return.
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.
FAQ
What is the current stock price of 51Talk (COE)?
What is the market cap of 51Talk (COE)?
