Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

GSX Techedu Shares Went on a Rollercoaster after Releasing Quarterly Earnings
GSX Techedu Shares Went on a Rollercoaster after Releasing Quarterly Earnings
Photo by JESHOOTS.com from Pexels
Associated Company
EqualOcean EqualOcean

NYSE-listed K12 education platform GSX Techedu (GSX:NYSE) shares went on a rollercoaster after releasing its first quarterly earnings results after IPO.  

The financial report shows the second-quarter revenue was CNY 353.7 million (USD 49.86 million), a year-on-year increase of 413.4%; gross profit was CNY 252.5 million (USD 35.59 million) with a year-on-year increase of 496.7%. Non-GAAP gross profit was RMB 256.9 million (USD 36.21 million), surging 506.5% year-on-year; the gross margin rose from 61.5% in the same period last year to 72.6%.

The education company announced its 2019 second-quarter earnings during pre-market on August 22, 2019. The stock price once went up 11.25% to USD 17.8 and then down 8% to USD 14.64. 

Chen Xiangdong, CEO of GSX Techedu, said that specializing in the online live broadcast of large classes can maximize the quality of our high-quality teaching. "Besides, by focusing on improving organizational capabilities, collaborative execution and employee growth, we are more competitive, gaining higher conversion rates and renewal rates."

Enterprise Information

EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Enterprise Information

EqualOcean
EqualOcean is a leading industry tech media and an investment research company.
CATEGORIES: AI, Research
Last Funding Type
Series C
Number of Employees
200
Number of Funding Rounds
6
Total Funding Amount
26.79M

Reach the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Any Question

EqualOcean is an international information service provider and investment research firm that aims to become a global platform for industrial innovation.

We strive to make technology inclusive, accessible and transparent.

Join over 800,000 of your peers