TEDU - Tarena Non-GAAP EPADS of -$0.67 revenue of $56.1M beats by $1.33M; initiates Q2 outlook
2023-06-13 00:22:46 ET
- Tarena press release ( NASDAQ: TEDU ): Q1 Non-GAAP EPADS of -$0.67.
- Revenue of $56.1M (-38.2% Y/Y) beats by $1.33M .
- Total student enrollment in IT-focused supplementary STEAM education increased by 1.0% to 174,800 in the first quarter of 2023, compared to student enrollment of 173,100 in the same period of 2022.
- Gross profit margin decreased by 5.4% points year-over-year to 52.2% from 57.6% in the same period of 2022.
- Outlook: Based on the Company's current estimates, net revenues for the second quarter of 2023 are expected to be in the range of RMB520 million and RMB550 million, which represents a decrease of 15% to 20% as compared to the net revenues in the second quarter of 2022.
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Tarena Non-GAAP EPADS of -$0.67, revenue of $56.1M beats by $1.33M; initiates Q2 outlook