REDU - REDU STOCK NEWS

Rise Education Cayman Ltd (NASDAQ: REDU) announced its Q2 2021 new enrollments and students in class metrics. Total new enrollments reached 10,372, up from 5,932 in Q2 2020, driven by a significant increase in other Rise courses. However, new enrollments for regular courses were nearly flat at 3,582 compared to 3,749 in the previous year. As of June 30, 2021, total students in class decreased to 40,728, down from 50,572 a year prior, impacted by regulatory changes and COVID-19 resurgence. The company aims to stabilize operations and increase enrollments in the upcoming quarters.

RISE Education Cayman Ltd (NASDAQ: REDU), a leader in junior English Language Training in China, announced the launch of two new training products: WhySTEAM and Hiyeah. WhySTEAM focuses on STEAM-oriented cognitive skills for children, enhancing logical thinking and problem-solving abilities. Hiyeah promotes social-emotional development and family education, cultivating core strengths in children. These additions aim to expand RISE's training ecosystem and improve brand positioning, supporting comprehensive learning solutions for students. The initiatives are expected to diversify RISE’s offerings and drive future growth.

RISE Education Cayman Ltd (NASDAQ: REDU) reported a remarkable 140% increase in total revenues, reaching RMB261.5 million (US$39.9 million) in Q1 2021, compared to RMB109 million in Q1 2020. The net loss narrowed significantly to RMB24.6 million (US$3.9 million) from RMB103.8 million year-on-year. The company effectively managed COVID-19 impacts, with most learning centers operating normally despite some closures in Beijing. RISE's OMO strategy facilitated operational flexibility and growth. The firm expects to reopen more centers and maintain a positive revenue outlook for 2021, projecting revenues between RMB1,420 million and RMB1,730 million.

RISE Education Cayman Ltd (NASDAQ: REDU) will release its unaudited financial results for Q1 2021 on May 20, 2021, after U.S. markets close. A conference call to discuss these results will follow on the same day at 9:00 p.m. ET (9:00 a.m. Beijing Time on May 21). Preregistration is mandatory due to ongoing COVID-19 restrictions, and participants will receive detailed dial-in information post-registration. Additionally, a replay of the call will be available until May 27, 2021. For more information, visit RISE's investor relations website.

RISE Education Cayman Ltd (NASDAQ: REDU) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 19, 2021. As a leading junior English Language Training provider in China, RISE offers innovative English teaching methodologies to students aged three to 18. The report is accessible on the company’s investor relations website and includes audited consolidated financial statements. Shareholders can request free hard copies of the report. RISE emphasizes its focus on subject-based learning and aims for student engagement in English learning.

Rise Education Cayman Ltd (NASDAQ: REDU) reported significant enrollment changes in Q1 2021. New student enrollments for regular courses totaled 5,846, down from 8,023 in Q4 2020 but up from 1,507 in Q1 2020. Enrollments for other courses surged to 42,962, compared to 3,231 in Q4 2020 and 32,551 in Q1 2020. The decline in regular course enrollments was attributed to seasonal factors, while the increase in other courses was supported by successful online programs. Students in regular classes were 46,441, down from 47,724 in Q4 2020 and 52,585 in Q1 2020; this drop was linked to COVID-19 impacts.

RISE Education Cayman Ltd (NASDAQ: REDU) reported its financial results for Q4 and the full year ended December 31, 2020. Total revenues in Q4 rose to RMB364.5 million (US$55.9 million), up 13.9% from Q3 but down 12.4% year-over-year. The company incurred a net loss of RMB132.4 million (US$20.3 million) for the year, significantly impacted by COVID-19. Despite challenges, RISE saw growth in new student enrollments and has resumed operations at most learning centers. Adjusted EBITDA for Q4 was RMB85.3 million (US$13.1 million), approaching Q4 2019 levels.

RISE Education Cayman Ltd (NASDAQ: REDU) will announce its unaudited fourth quarter and full year 2020 financial results on March 16, 2021, post U.S. market close. A conference call to discuss these results is scheduled for the same day at 9:00 p.m. ET. Due to COVID-19 restrictions, participants must preregister online for the call. RISE, an ELT provider in China, operates on a scalable business model with self-owned and franchised centers, catering to various age groups through three flagship courses.

RISE Education Cayman Ltd (NASDAQ: REDU) announced the resignation of Chief Financial Officer Jiandong Lu, effective November 30, 2020, citing personal reasons. Warren Wang will take over as CFO from December 1, 2020, bringing extensive experience from previous roles at Tujia and iPinYou. Wang aims to solidify RISE's position in the English Language Training market. The transition period will allow Lu to assist until December 31, 2020. RISE has been a leader in ELT in China since 2007, providing innovative educational programs for various age groups.