RYB Education Inc posted second-quarter FY21 revenue growth of +318.1% year-on-year, to $53.4 million.
Service revenues surged +342.2% from the year-ago quarter, while product revenue rose +80%.
Gross profit came in at $14.5 million, compared with a gross loss of -$9.5 million a year ago. The gross margin was 27.2%.
The operating margin was 16%.
Net income attributable to ordinary shareholders of the company for the second quarter was $6.2 million, compared with -$12.8 million net loss attributable to ordinary shareholders of RYB for the second quarter of 2020. Adjusted net income attributable to ordinary shareholders for the second quarter of 2021 was $6.8 million, compared with -$12.0 million of adjusted net loss attributable to ordinary shareholders in the year-ago period.
The company held $72.8 million in cash and equivalents as of June-end. Cash generated from operating activities for the quarter was $0.2 million.
Number of students enrolled at directly operated facilities was 37,166 as of June 30, compared with 31,023 a year ago.
"The recurrences of some COVID-19 cases in some regions during the first half of this year, however, cast some impact on the play-and-learn center operations," said CEO Yanlai Shi.
RYB expects Q3 revenue in the range of $41 million to $42 million, implying a year-over-year increase of 26% to 29%.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of early childhood education and care services
Industry MiscellaneousCommercialServices
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