51Talk - COE STOCK NEWS

China Online Education Group (NYSE: COE) will report its unaudited financial results for Q3, Q4, and FY 2021 on March 24, 2022, before U.S. markets open. An earnings conference call will occur at 8:00 a.m. EST the same day. The company's platform focuses on English education in China, aiming to make quality education accessible and affordable. It connects students with qualified teachers using a shared economy model and leverages feedback and data analytics for personalized learning.

China Online Education Group (NYSE: COE) announced receipt of a non-compliance letter from the NYSE, dated December 20, 2021. The letter states that the company is under scrutiny due to its market capitalization, which averaged approximately US$39.3 million, and negative stockholders' equity of around US$134.2 million as of June 30, 2021. The NYSE requires COE to submit a business plan within 90 days, demonstrating compliance with listing standards within an 18-month period. The company is evaluating options to regain compliance.

China Online Education Group, known as 51Talk (NYSE: COE), reported its financial results for Q2 2021, revealing a net revenue of RMB579.8 million (US$89.8 million), increasing 17.5% year-over-year. Despite achieving a 35.7% rise in active students, the company posted a net loss of RMB27.0 million (US$4.2 million), in contrast to net income of RMB32.8 million in Q2 2020. Operating expenses surged by 38.7% to RMB461.0 million (US$71.4 million) due to higher marketing costs. Looking forward, the company expects Q3 2021 revenues between RMB550.0 million and RMB555.0 million.

China Online Education Group (NYSE: COE) is set to report its second quarter 2021 financial results on September 28, 2021, before U.S. market opening. An earnings conference call will take place at 8:00 a.m. Eastern Time, with participation encouraged at least 10 minutes prior. The call will be accessible via dial-in options for the U.S., international regions, and specific Chinese locations. A live and archived webcast will also be available on the Company's investor relations website.

On July 24, 2021, China's state media announced new regulations aiming to reduce the burden of homework and after-school tutoring for students. These new policies require online tutoring institutions to be registered as non-profits, ban foreign teachers from providing services, prohibit foreign ownership in these institutions, and impose restrictions on operational hours and funding. China Online Education Group (COE) acknowledges these regulations and anticipates a material adverse impact on its operations and future prospects due to compliance requirements.

China Online Education Group (NYSE: COE), a prominent online education platform in China, has responded to media reports regarding potential new regulations from PRC regulators on after-school tutoring for compulsory education subjects. The regulations are not yet published, and the company has not received official notification. As the market speculates, COE maintains its policy not to comment on rumors. The company focuses on providing quality English education through live interactive lessons with qualified foreign teachers, aiming to make education accessible and affordable for students across China.

China Online Education Group (NYSE: COE) announced a revision to its net revenue guidance for Q2 2021, now estimating revenues between RMB575 million and RMB580 million, down from the previous guidance of RMB597 million to RMB603 million.

This adjustment may reflect challenges in maintaining student enrollment and competition in the online education market. The company is finalizing its financial results, with detailed information to be disclosed in the upcoming results announcement.

51Talk (COE), a leading online education platform in China, reported a 23.3% year-over-year increase in Q1 2021 net revenues, reaching RMB 600.4 million. The company recorded a non-GAAP net income of RMB 16.8 million and a GAAP net income of RMB 8 million. Active students on the platform rose 37% to 393,000. Recent strategic moves include acquisitions aimed at enhancing AI capabilities and diversifying offerings. 51Talk holds a dominant 54% market share in China's online English education sector, focusing on quality-oriented education amidst government regulations.

China Online Education Group (51Talk) reported its Q1 2021 financial results, achieving net revenues of RMB600.4 million (US$91.6 million), a 23.3% increase from the previous year. Active students grew by 37.0% to 392,700. However, GAAP net income dropped to RMB8.0 million (US$1.2 million) from RMB50.8 million in Q1 2020. The company faced a 41.6% increase in operating expenses, with marketing costs rising significantly. In terms of outlook, 51Talk anticipates Q2 2021 net revenues between RMB597 million and RMB603 million, signifying a year-over-year growth of approximately 21% to 22%.