2023-03-28 00:58:42 ET
- Tarena press release ( NASDAQ: TEDU ): Q4 Non-GAAP EPS of -$0.18.
- Revenue of $80.1M
- (-15.7% Y/Y).
- Gross profit margin increased by 8.4% year-over-year to 58.4%, from 50.0% in the same period of 2021.
- Operating cash inflow for the quarter was $3.5M.
- Cash, cash equivalents, and time deposits, including current and non-current, and restricted cash totaled $55.2M as of December 31, 2022.
- Total student enrollment in IT-focused supplementary STEAM education increased by 17.0% to 177,000 in the fourth quarter of 2022, compared to student enrollment of 151,300 in the same period of 2021.
- Outlook: The company's current estimates, total net revenues for the first quarter of 2023 are expected to be in the range of RMB365 million to RMB380 million, representing a decrease of 39.1% to 41.5% compared to net revenues in the same period of 2022.
For further details see:
Tarena Non-GAAP EPS of -$0.18, revenue of $80.1M; initiates Q1 guidance