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Breaking News: Meten EdtechX Announces Financial Results for the First Quarter Ended March 31, 2021 | #site_titleBreaking News: Meten EdtechX Announces Financial Results for the First Quarter Ended March 31, 2021

46.9%
1Non-GAAP measure. For more information about non-GAAP financial measures, please see the section captioned “About Non-GAAP Financial Measures” at the end of this press release.
Highlights
1Q 2021 revenue increased 13.8% year-on-year to RMB206.6 million (US$31.5 million), primarily as a result of the strong rebound in gross billing after the impact of COVID-19 faded.
Supported by investments in the Junior ELT segments and new product development, revenue for Junior ELT under the “Meten” brand increased by 286.3% year-on-year in 1Q 2021 to RMB17.8 million (US$2.7 million).
1Q 2021 gross profit increased 93.8% year-on-year to RMB70.8 million (US$10.8 million), primarily as a result of the improvement of gross billings and operational efficiency. Gross profit margin increased 14.2 percentage points year-on-year to 34.3%. ....

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Breaking News: Meten EdtechX to Report First Quarter of Fiscal Year 2021 Financial Results on Thursday, May 20, 2021 | #site_titleBreaking News: Meten EdtechX to Report First Quarter of Fiscal Year 2021 Financial Results on Thursday, May 20, 2021

Posted on
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Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), one of the leading omnichannel English language training (“ELT”) service providers in China, today announced that it will report its first quarter of fiscal year 2021 financial results on Thursday, May 20, 2021, before the open of U.S. markets.
About Meten EdtechX
Meten EdtechX is one of the leading ELT service providers in China, delivering English language and skills training for Chinese students and professionals. Through a sophisticated digital platform and a nationwide network of learning centers, the Company provides its services under three industry-leading brands: Meten (adult and junior ELT services), ABC (primarily junior ELT services) and Likeshuo (online ELT). The Company offers superior teaching quality and student satisfaction, served by cutting edge technology deployed across it ....

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"Buzz on the Street" Show: Meten EdtechX (NASDAQ: METX) Achieves Positive Cash Flow in March 2021 | Financial Buzz"Buzz on the Street" Show: Meten EdtechX (NASDAQ: METX) Achieves Positive Cash Flow in March 2021

"Buzz on the Street" Show: Meten EdtechX (NASDAQ: METX) Achieves Positive Cash Flow in March 2021 | Financial Buzz"Buzz on the Street" Show: Meten EdtechX (NASDAQ: METX) Achieves Positive Cash Flow in March 2021
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Breaking News: Meten EdtechX Achieves Positive Cash Flow in March 2021 | #site_titleBreaking News: Meten EdtechX Achieves Positive Cash Flow in March 2021

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Meten EdtechX Education Group Ltd. (NASDAQ: METX) (“Meten EdtechX” or the “Company”), one of the leading omnichannel English language training (“ELT”) service providers in China, today reported that the Company achieved positive cash flow in March 2021.
The Company’s overall operating cash flow reached RMB8.2 million in March 2021. Particularly, the operating cash flow from offline learning centers was RMB15.59 million, excluding the ABC Junior ELT business which operation was temporarily paused due to policy restrictions. The positive operating cash flow was mainly a result of the increasing gross billing generated by the Company’s offline learning centers which have resumed normal operation and recovered from the impact of the COVID-19 outbreak. ....

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Acceptance of the Widespread Transition to Online Learning Grows

Acceptance of the Widespread Transition to Online Learning Grows
- FinancialBuzz.com News Commentary
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NEW YORK, May 4, 2021 /PRNewswire/ Around the world, the pandemic and the measures taken to reduce the number of infected have helped to accelerate the transition from traditional educational avenues towards more online-based curriculums. In the beginning, when students first were forced to adopt to a new digital learning environment, some online learning advocates feared the hasty transition would leave students with a negative impression of online learning. Yet, according to a report by Inside Higher Ed, despite the challenges and shortcomings of this emergency transition to remote instruction, a majority of students want the option to keep studying online, new survey results say. The survey, conducted by The Digital Learning Pulse, includes responses from 772 teaching faculty, 514 academic administrators and 1,413 students ....

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