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In the first quarter of 51Talk (COE.US), the net revenue was 9.4 million US dollars. The quarterly number of active students increased by 83.3% year-on-year.
On June 12th, Gelunhui reported the financial report for the first quarter of 2024 for 51 Talk (COE. US). Gross billings for the first quarter of 2024 were $ 12.6 million, an increase of 55.6% year-on-year. Net revenue for the first quarter was $ 9.4 million, an increase of 70.1% year-on-year. Gross profit for the first quarter was $ 7.3 million, an increase of 69.8% year-on-year. Gross margin for the first quarter was 77.5%, compared to 77.6% in the same period last year. In the first quarter of 2024, the net loss attributable to common shareholders of the company was $ 3.7 million, compared to $ 2.6 million in the same period last year.
51Talk | 6-K: Report of foreign private issuer (related to financial reporting)
Earnings Flash (COE) 51TALK ONLINE EDUCATION GROUP Reports Q1 Revenue $9.4M
06:20 AM EDT, 06/12/2024 (MT Newswires) -- Earnings Flash (COE) 51TALK ONLINE EDUCATION GROUP Reports Q1 Revenue $9.4M
Express News | 51 Talk Online Education Q1 Adj EPADS $(0.60) Down From $(0.39) YoY, Sales $9.45M Up From $5.55M YoY
Express News | 51Talk Online Education Group: For Q2, Expects Net Gross Billings to Be Between $13.5 Mln and $14.0 Mln
Express News | 51Talk Online Education Group Announces First Quarter 2024 Results
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