RYB - RYB STOCK NEWS

RYB Education, Inc. (RYB) reported robust financial results for Q2 2021, showcasing significant growth in revenues and a turn to profitability. Net revenues reached $53.4 million, soaring 318.1% year-over-year, primarily driven by increased tuition fees following the resumption of normal operations post-COVID-19. The company posted net income of $6.2 million compared to a net loss of $12.8 million in Q2 2020. With 37,166 students enrolled, RYB's gross profit improved to $14.5 million, up from a gross loss of $9.5 million in the same quarter last year. The positive trajectory continues with expectations of 26% to 29% revenue growth in Q3 2021.

RYB Education, Inc. (NYSE: RYB) announced significant board changes on September 17, 2021. Mr. Chimin Cao has resigned as chairman but will remain on the board as honorary chairman, while Mr. Cen Shi has stepped down as a director. Mr. Gang Chen, formerly with Ascendent Capital Partners, has been appointed chairman. The resignations are for personal reasons and not due to conflicts. RYB aims for ongoing commitment to quality early childhood education and plans to enhance digital transformation and teacher training initiatives.

RYB Education reported a significant turnaround in its Q1 2021 financial results. Net revenues surged by 111.8% to $36.7 million, up from $17.3 million in Q1 2020, primarily due to increased tuition fees as facilities resumed normal operations. Gross profit was $3.4 million, compared to a $11.6 million loss in the prior year. Net loss attributable to shareholders decreased to $1.8 million, compared to $26.6 million in Q1 2020. The company expects Q2 2021 revenues between $51.0 million and $52.0 million, reflecting a projected increase of 299% to 307%.

RYB Education, Inc. (NYSE: RYB), a top early childhood education provider in China, has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020. The report is accessible on the Company's investor relations website and the SEC's website. RYB aims to deliver quality education and care for children up to six years old, reflecting its commitment to inspire and innovate in the sector. Shareholders can request a hard copy of the report, including audited financial statements, at no cost.

RYB Education, Inc. (RYB) reported its unaudited financial results for Q4 and the full year ended December 31, 2020, showing significant impacts from COVID-19. Q4 net revenues decreased by 7.2% to $47.1 million, while gross profit increased by 21.0% to $11.9 million. Net income attributable to shareholders surged to $9.3 million from $0.2 million in Q4 2019. However, full-year net revenues were down 40% to $109.7 million, and the net loss expanded to $37.3 million. For Q1 2021, RYB anticipates revenues between $35 million and $36 million, a growth of approximately 102%-108% year-over-year.

RYB Education, Inc. (NYSE: RYB) will release its unaudited financial results for Q4 and the full year 2020 on May 9, 2021. The earnings report will be accessible on their investor relations website. Following the release, management will host a conference call at 8:00 a.m. ET on May 10, 2021, to discuss the results and address questions from investors and analysts.

RYB Education, Inc. (NYSE: RYB) announced on December 24, 2020, the appointment of Cen Shi as a new director effective December 31, 2020, replacing Liang Meng, who resigned for personal reasons. Cen Shi brings extensive experience from Ascendent Capital Partners, D. E. Shaw & Co., and CCMP Capital Asia. The company expressed gratitude to Mr. Meng for his contributions since November 2015. RYB, a leader in early childhood education in China, aims to provide high-quality education and care for children from infancy to age six.

RYB Education, Inc. (NYSE: RYB) announced its annual general meeting (AGM) will be held on December 29, 2020, at 10:00 a.m. in Beijing. No proposals for approval will be presented; the AGM will serve as a forum for shareholders to discuss company affairs with management. The record date for shareholder eligibility is December 11, 2020. Both Class A and Class B shareholders, along with ADS holders, are invited to attend. Shareholders can access the annual report on Form 20-F via the company’s website.

RYB Education, Inc. (RYB) reported unaudited financial results for Q3 2020, showing significant impacts from COVID-19. Net revenues fell to $32.6 million from $43.7 million year-over-year, and the net loss attributable to ordinary shareholders rose to $7.1 million compared to $3.3 million in Q3 2019. Despite challenges, enrollment increased to 33,760 students, and operational recovery is ongoing with a projected revenue range of $42 million to $43 million for Q4 2020. Cost control measures were effective, reducing SG&A expenses by 26.8%. Cash generated from operations reached $14.6 million, up from $12 million last year.