2023-03-30 16:35:48 ET
- ATA Creativity Global press release ( NASDAQ: AACG ): Q4 Non-GAAP EPS of RMB0.06.
- Revenue of RMB78.5M (+8.1% Y/Y).
- Gross profit for Fourth Quarter 2022 was RMB47.6 million (US$6.9 million), an increase of 4.6% from RMB45.5 million in the prior-year period.
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Total operating expenses for Fourth Quarter 2022 were RMB42.7 million (US$6.2 million), compared to RMB42.7 million in the prior-year period.
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Income from operations for Fourth Quarter 2022 increased 70.7% to RMB4.9 million (US$0.7 million), compared to RMB2.9 million in the prior-year period.
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As of December 31, 2022, ACG’s cash and cash equivalents were RMB55.0 million (US$8.0 million), working capital deficit was RMB227.3 million (US$33.0 million), and total shareholders’ equity was RMB143.5 million (US$20.8 million);
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Net income attributable to ACG for Fourth Quarter 2022 was RMB2.0 million (US$0.3 million), compared to net loss of RMB2.5 million in the prior-year period.
For further details see:
ATA Creativity Global Non-GAAP EPS of RMB0.06, revenue of RMB78.5M