RYB Education, Inc. (RYB) will release its unaudited financial results for Q3 2020 on December 7, 2020, after market close. An earnings call is scheduled for December 8, 2020, at 8:00 a.m. ET. The company focuses on early childhood education in China, providing services for children up to six years old. RYB's brand is well-recognized, stemming from over two decades of operation in the sector.
RYB Education, Inc. (RYB) announced the appointment of KPMG Huazhen LLP as its new independent registered public accounting firm, effective November 18, 2020, replacing Deloitte Touche Tohmatsu. The audit committee of RYB's board of directors approved this change. KPMG is set to audit the Company’s consolidated financial statements for the year ending December 31, 2020. Deloitte had served as RYB's auditor since 2016, with no disagreements reported during their tenure and unqualified audit reports.
RYB Education, Inc. (RYB) reported its Q2 2020 results, facing significant challenges due to COVID-19. Net revenues fell to $12.8 million from $53.6 million year-over-year, with a gross loss of $9.5 million compared to a gross profit of $11.9 million in Q2 2019. Net loss attributable to shareholders was $12.8 million, contrasting sharply with a net income of $2.9 million in the previous year. Total cash and cash equivalents decreased to $48.3 million. However, the company is encouraged by the reopening of 75% of its kindergartens and expects revenues of $27-28 million for Q3 2020.
RYB Education, Inc. (NYSE: RYB), a prominent early childhood education provider in China, is set to release its unaudited financial results for Q2 2020 on August 27, 2020, after market close. The earnings will be available on their investor relations website. Additionally, a conference call is scheduled for August 28, 2020, at 8:00 a.m. ET to discuss the financial outcomes and engage with investors. Established in 1998, RYB has developed a strong brand focused on high-quality education and care for children aged 0-6.