Tarena International, Inc. Stock Price, News & Analysis

On March 16, Tarena International (TEDU) announced its unaudited financial results for Q4 and the full year of 2021. The company achieved a net turnover of RMB655 million in Q4, up 0.8% year-on-year, and an annual revenue of RMB2,387 million, a 25.7% increase. The gross profit reached RMB1,185 million, up 42.6%, marking a record since its listing. Operating loss improved significantly, down 54.2% to RMB369 million for the year. Optimizations in operational efficiency saw revenue per learning center increase notably. Tarena aims to return to profitability by enhancing operational productivity.

Tarena International, Inc. (NASDAQ: TEDU) reported its fourth quarter and full year financial results for 2021. Net revenues increased by 0.8% year-over-year to RMB655.3 million, with childhood education revenue growing by 12.8% but adult education revenue declining by 9.4%. Gross profit fell by 8.7% to RMB327.6 million, leading to a gross margin of 50%. Operating loss improved by 29.1% to RMB60.4 million. For 2022, revenues are expected between RMB580 million and RMB610 million, reflecting growth despite potential COVID-19 impacts.

Tarena International, Inc. (NASDAQ: TEDU) is set to announce its unaudited financial results for the fourth quarter and fiscal year ending December 31, 2021, on March 16, 2022, before the U.S. market opens. The earnings conference call will occur at 8:00 a.m. ET, offering insights into Tarena's performance in adult professional and childhood education sectors in China. The event will be accessible via phone or live webcast. Interested participants can register to receive access details.

Tarena International, Inc. (NASDAQ: TEDU), a leading provider of education services in China, announced the appointment of Shengwen (Roy) Rong as an independent director and chairman of the audit committee, effective March 1, 2022. Mr. Rong brings extensive experience from various public companies and previous CFO roles. Arthur Lap Tat Wong will conclude his term, but there was no disagreement involved. This strategic change aims to strengthen the board's governance in line with the company's growth objectives within the education sector.

On January 25, 2022, Tarena International (NASDAQ: TEDU) announced it received a notification from Nasdaq that it does not meet the minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15 million for continued listing. The company has a 180-day grace period until July 19, 2022, to regain compliance by achieving the MVPHS for ten consecutive days. Failure to do so could result in delisting. Tarena is exploring options to address this issue while continuing its operations in providing education services in China.

Tarena International, Inc. (NASDAQ: TEDU) announced a share repurchase program worth US$2.5 million to be executed over the next six months. The buyback will occur through various means such as open market transactions, depending on market conditions. This initiative is aimed at enhancing shareholder value and reflects the company's confidence in its long-term growth in the education sector. Funding will come from existing cash reserves, and the board will monitor the program's progress and make adjustments as needed.

Tarena International, Inc. (NASDAQ: TEDU) received a notification from Nasdaq indicating its American Depositary Shares (ADS) closed below $1.00 for 30 consecutive days, failing to meet the minimum bid price requirement. The company has 180 days, until June 8, 2022, to regain compliance. Tarena plans to change its ADS ratio from 1:1 to 1:5, effective around December 23, 2021, which may help raise the ADS price. Despite this, Tarena cannot guarantee compliance will be achieved following the ratio change.

Tarena International, Inc. (NASDAQ: TEDU) plans to implement a change in the ADS ratio from 1:1 to 1:5, effective December 23, 2021, pending SEC approval. This adjustment will function as a one-for-five reverse ADS split, meaning ADS holders will receive one new ADS for every five existing ones. Citibank will manage the exchange for holders of certificated ADSs, while those with uncertificated ADSs won't need to take action. Although the change aims to increase the ADS trading price proportionally, there's no guarantee it will reach five times the previous price.

Tarena International (NASDAQ: TEDU) reported its unaudited financial results for Q3 2021, revealing net revenues of RMB615.2 million, a slight decline of 0.9% year-over-year. The adult education segment faced a significant drop, with revenues down 14.7% to RMB282.6 million, while the childhood education segment experienced growth of 14.8% to RMB332.6 million. Gross profit decreased by 10.5%, leading to an operating loss of RMB88.5 million. For the nine months ending September 30, revenues surged 38.8%, mainly due to a 94.1% increase in childhood education revenues. Tarena expects fourth-quarter revenues between RMB610 million and RMB640 million.