Netdragon Websft Stock Price, News & Analysis

NetDragon Websoft Holdings Limited announced that its subsidiary Neopets, Inc. successfully sold 4,233 NFTs from the Neopets Metaverse Collection between November 12 and November 15, totaling 8,708 SOLs. The company now holds over US$40 million in cryptocurrencies. This NFT sale generated significant interest among both Neopets enthusiasts and blockchain communities, reflecting high demand for digital memorabilia. Proceeds will fund further development of games across web and blockchain platforms, marking NetDragon's entry into the metaverse, leveraging its technology and gaming expertise.

On Nov. 1, 2021, Promethean, a leader in education technology, launched a new brand identity ahead of its 25th anniversary. The rebranding emphasizes a modern look and a mission to enhance educational experiences. With the tagline "Let's do something brilliant," Promethean aims to empower innovation through advanced interactive displays and robust services. The revamped website promises improved user experience, making it easier for customers to access product information. Testimonials affirm Promethean's impact on bridging the digital divide in education systems.

On November 8, 2021, Promethean will host the STEAM Forward online conference from 1:00 to 7:30 p.m. EST. The event focuses on enhancing hybrid and remote teaching through technology integration, featuring keynote speaker Danielle Feinberg from Pixar. Attendees can participate in various sessions, including talks by award-winning educators and industry experts. Registration is free, and participants are encouraged to engage on Twitter using the hashtag #STEAMForward21.

On September 29, 2021, NetDragon Websoft Holdings Limited signed a Memorandum of Understanding with Ghana's Ministry of Education to implement a country-wide Blended Learning System. This initiative aims to enhance access to quality education for 9.3 million students in Ghana, regardless of socio-economic background. The partnership will incorporate advanced educational technology, STEM and vocational training centers, and comprehensive teacher training programs. The MOU underscores NetDragon's commitment to bolster Ghana's education system through innovative solutions, ensuring equitable learning opportunities across the nation.

Promethean has solidified its position as a leader in interactive display technology, according to Futuresource Consulting's Q2 2021 report. The demand for interactive displays surged by 26% globally since Q1 2021, driven by the need for remote and hybrid learning due to the pandemic. In the USA, Promethean holds a 17.8% share of the global interactive flat panel display market and a 26% volume share. Anticipated volume growth in the USA is forecasted at 61.4% in 2021. Continued enhancements to the ActivPanel display and related educational tools support this growth.

NetDragon Websoft Holdings Limited announced robust financial performance for H1 2021, achieving RMB 3.4 billion in revenue, marking an 18.9% year-on-year increase. The gaming sector generated RMB 1.8 billion with a 12.2% increase, while education revenue rose 23.7% to RMB 1.4 billion. Operating profit surged 59.2% to RMB 892.1 million. The board authorized a US$300 million share buy-back program and increased dividends by 60%. Net cash reached RMB 4.1 billion, reinforcing confidence in future growth.

NetDragon Websoft Holdings Limited has signed a memorandum of understanding (MOU) with Thailand's Office of the Basic Education Commission to establish English Smart Classroom Labs aimed at enhancing education quality in the country. This initiative supports the Ministry of Education's Education 4.0 strategy, intended to equip Thai students with global competitiveness through advanced technology. NetDragon will provide its education technology products, including the English Galaxy platform and AI-driven tools, to create engaging learning experiences. The partnership aims to bridge the education gap between urban and rural areas.

Promethean, a leading education technology company, will host its annual Tech & Admin Summit on August 19, 2021, from 12:00 – 3:30 p.m. EST. This virtual event aims to support IT professionals and administrators by showcasing how Promethean technology can enhance learning environments. Featuring experts like Joshua Hough and Craig Liggett, the summit will cover strategies for implementing Promethean solutions effectively. Participants will gain access to resources, including the Back to School Guides for administrators and IT professionals.