OneSmart International Education Group (ONE) Reports Q3 Revenues of $104.41M

OneSmart International Education Group (NYSE: ONE) reports revenue for the quarter came in at $104.41 million, versus $0 reported last year.

Mr. Steve Zhang, Chairman and Chief Executive Officer of OneSmart, commented, "Strictly following local governments' guidelines, we have continuously taken the proper measures to protect health and safety of our students and employees. We appreciate our employees' great efforts and flexibilities to help our students continue achieving their academic excellence in this year\'s ZhongKao and GaoKao, especially with a limited timeframe and online-offline shift during the pandemic. OneSmart 1on1 business, serving our students for 12 years, proves to be the best premium K-12 1on1 education brand for its effectiveness in score-improvement and premium customer experience. Since the beginning of this fiscal year, we have launched OneSmart 1on1 Elite VIP ("Elite VIP") program by upgrading our existing 1on1 learning centers to facilitate more enjoyable study experience. In the upgraded larger classrooms, our teachers and students will have the intelligent and interactive tools to enhance the teaching results. In addition, under Elite VIP, our students will have highly selected teachers with extensive teaching experience to meet their higher requirements. After a few months' interruption by COVID-19 this year, we have resumed our center upgrade and will continue to roll out Elite VIP in the coming years. Market study shows that OneSmart serves only 3% of the target premium families in China. OneSmart will continue to lead in the premium education sector with improved products and innovative technologies and gain shares in the large and fast-growing addressable market in China.\="

For earnings history and earnings-related data on OneSmart International Education Group (ONE) click here.

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