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Four Seasons Education (Cayman) Inc. reports developments for its tourism and education-related services business in China. Company updates cover enrichment and non-academic tutoring programs, school-based tutoring product solutions, teacher training, study camps, learning trips, and travel agency services for all age groups.
Recurring news also includes unaudited fiscal results, Form 20-F annual report notices, cash dividend actions, ADR-related disclosures, and NYSE continued-listing compliance matters tied to the company’s American depositary shares.
Four Seasons Education (NYSE: FEDU) reported its unaudited financial results for Q4 and FY 2021, ending February 28, 2021. Q4 revenue declined slightly to RMB70.2 million (US$10.8 million), with a gross profit increase of 14.1% year-over-year, reaching RMB28.3 million (US$4.4 million). Operating loss improved significantly to RMB8.5 million (US$1.3 million) from RMB168.2 million last year. Net loss also decreased to RMB11.5 million (US$1.8 million) from RMB145.4 million. For FY 2021, revenue dropped to RMB280.3 million (US$43.3 million) due to COVID-19 effects, while total student enrollment grew 26.4% to 30,343.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) will announce its unaudited financial results for the fourth quarter and fiscal year 2021 on May 13, 2021, before the U.S. market opens. An earnings conference call is scheduled for 8:00 AM ET on the same day. The company specializes in after-school education services, particularly in high-quality math education. As part of its mission, Four Seasons Education aims to enhance students' academic potential across various subjects and grade levels, backed by a team of experienced educators.
Four Seasons Education (NYSE: FEDU) reported third quarter fiscal 2021 results, showing a revenue decline to RMB67.6 million (US$10.3 million) from RMB103.5 million year-over-year. Gross profit dropped to RMB25.2 million (US$3.8 million) from RMB53.0 million. The company experienced an operating loss of RMB12.8 million (US$1.9 million) compared to an operating income of RMB10.9 million last year. Total student enrollment decreased to 53,493 from 67,714. The company anticipates fourth-quarter revenue between RMB64.0 million and RMB67.5 million, reflecting ongoing impacts from regulatory changes and COVID-19.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) will announce its third quarter fiscal year 2021 unaudited financial results on January 12, 2021, before U.S. market opening. The earnings conference call is scheduled for 8:00 AM ET on the same day, with details available on the company's investor relations website. The press release emphasizes the company's commitment to providing high-quality after-school education services, particularly in math, and showcases its systematic approach to curriculum development aimed at improving student outcomes.
Four Seasons Education (NYSE: FEDU) reported its Q2 FY2021 results, revealing revenue of RMB83.8 million (US$12.2 million), a decline from RMB128.8 million year-over-year. Gross profit also fell to RMB35.6 million (US$5.2 million) from RMB71.0 million. The company recorded an operating loss of RMB2.7 million (US$0.4 million) compared to an operating income of RMB28.3 million last year. Despite the challenges posed by COVID-19 and regulatory changes, the company expects Q3 FY2021 revenue between RMB62.1 million to RMB67.2 million.
Four Seasons Education (NYSE: FEDU) received a non-compliance letter from the NYSE on October 2, 2020, due to its American depositary shares trading below $1.00 for a consecutive 30-day period. The company has a six-month period to restore compliance by achieving an average closing price of at least $1.00. Failure to do so may result in suspension and delisting. Four Seasons Education aims to monitor market conditions while exploring options to address this issue. The company specializes in after-school education services, primarily focusing on math.
Four Seasons Education (FEDU) announced it will report unaudited financial results for Q2 FY2021 on October 26, 2020, before U.S. market open. The earnings call is scheduled for 8:00 AM U.S. Eastern Time. The company, based in Shanghai, provides after-school educational services, primarily focusing on math education, and has expanded its offerings to include physics, chemistry, and languages. The company aims to enhance students' cognitive and logic abilities through proprietary educational content, developed systematically to improve learning outcomes.
Four Seasons Education (NYSE: FEDU) reported its first quarter fiscal 2021 results, revealing a 31.5% drop in revenue to RMB58.7 million (US$8.2 million) from RMB85.6 million year-over-year. Gross profit fell by 43.1% to RMB22.4 million (US$3.1 million), while operating loss increased to RMB12.5 million (US$1.8 million) compared to RMB2.1 million last year. The company experienced a net loss of RMB11.5 million (US$1.6 million), contrasting with a net income of RMB4.2 million previously. Despite challenges due to COVID-19, online enrollment showed growth, with revenue guidance for Q2 projected between RMB79.9 million and RMB86.3 million.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) will announce its unaudited financial results for Q1 FY2021 ending May 31, 2020, on August 20, 2020, prior to U.S. market opening. Management will host an earnings call at 8:00 AM ET on the same day. The educational company focuses on after-school services, particularly in math education, and aims to enhance students' cognitive abilities through proprietary content. The call will be accessible via global dial-in details, and a replay will be available until August 27, 2020.
Four Seasons Education (Cayman) Inc. (NYSE: FEDU) filed its annual report on Form 20-F for the fiscal year ended February 29, 2020. The report includes the company's audited consolidated financial statements, which are accessible through their investor relations website and the SEC's website. Four Seasons Education focuses on comprehensive after-school education services, primarily in high-quality math. The company aims to enhance student learning through regularly updated, proprietary content and skilled educators.