Netdragon Websft Stock Price, News & Analysis

NetDragon Websoft Holdings Limited announced that its subsidiary, Promethean, continues to lead the Interactive Flat Panel Displays (IFPD) market, according to Futuresource Consulting's Q1 2022 report. Promethean held a 23.8% market share from April 2021 to March 2022 and dominated in the U.S. with a 32.8% share in Q1 2022. Its success is attributed to its focus on addressing educators' needs, leveraging 25 years of product development experience. Promethean aims to enhance user experience through its ActivPanel and accompanying software solutions.

JumpStart, the parent company of Neopets, is set to launch the first official Neopets cookbook in Spring 2023, in partnership with Andrews McMeel Publishing. This cookbook will feature recipes inspired by the iconic online game, aiming to extend the experience of Neopia into the kitchen. The announcement follows recent licensing deals, including a trading card collection with Upper Deck. The cookbook is designed for all cooking skill levels, focusing on the game's themes and in-game foods, allowing fans to engage with their beloved characters in new ways.

Promethean has appointed Jennifer Foreman as the new Chief Marketing Officer to spearhead its global marketing initiatives. Foreman, who has extensive experience in driving marketing strategies for leading brands, will focus on enhancing brand presence and community relations. CEO Vin Riera emphasized that Foreman's expertise aligns with Promethean's mission to promote collaboration and creativity in education. Foreman previously held senior positions at Trax Retail and Denovo, where she successfully led growth marketing efforts.

NetDragon Websoft Holdings Limited reported strong financial results for FY 2021, with revenue increasing by 14.6% year-over-year to RMB 7.0 billion. The gaming segment saw a 6.1% revenue growth, while the education segment achieved a remarkable 32.2% increase. The company maintained a robust net profit of RMB 1.1 billion, up 11.4% YoY. Significant milestones included a special interim dividend of US$100 million and ongoing share buyback initiatives. Management anticipates continued growth in both gaming and educational technologies.

Promethean has achieved carbon neutrality for the second consecutive year, enhancing its transportation efficiency by 61%. The company supports the Rimba Raya Biodiversity Reserve Project in Indonesia through carbon offset purchases, which aims to preserve biodiversity and reduce emissions. The project covers over 160,000 acres and aligns with 12 United Nations Sustainable Development Goals, benefiting local communities through job development and education. Promethean's commitment to carbon neutrality is part of its Corporate Social Responsibility program, aiming for net-zero emissions in the future.

NetDragon Websoft Holdings Limited announced that its subsidiary Promethean continues to lead the Interactive Flat Panel Displays (IFPD) market according to Futuresource Consulting's Q4 2021 report. Promethean achieved a 23.0% volume share from January to December 2021, maintaining its top position in the United States, United Kingdom, Ireland, and gaining ground in Germany. The demand for IFPD surged as education transitions back to in-person learning, highlighting Promethean's commitment to providing integrated solutions for schools, including interactive displays and teaching software.

Promethean, an education technology leader, received the Awards of Excellence: Best of 2021 from Tech & Learning for its ActivPanel. This recognition underscores the product's value in promoting teaching and learning across diverse environments. Promethean exhibits at TCEA 2022 from February 7-10, showcasing insights into the economic impact of interactive displays. The company will lead sessions focusing on improving student achievement and engagement, emphasizing innovation in educational technology.