Four Seasons Education (FEDU) Reports Q3 Loss of $0.01 on $10.3M

Four Seasons Education (NYSE: FEDU) reported Q3 EPS of ($0.01). Revenue for the quarter came in at $10.3 million.

"During the third quarter of fiscal 2021, we continued to optimize our operations to provide a superior learning experience for our students in their pursuit of both academic excellence and personal development," said Ms. Yi (Joanne) Zuo, Director and Chief Executive Officer at Four Seasons Education. "Total student enrollment reached 53,493 with a better-than-expected revenue, which assures us that our strategies are on track to help our business to recover and return to its pre-pandemic development trajectory. In the third quarter, we spearheaded efforts to further enrich and diversify curricula with new educational programs, spanning a full spectrum of academic subjects in order to cater to the increasing learning needs for high school entrance exams following recent regulatory changes. We were excited to see a 54.5% year-over-year growth in middle school class enrollment this quarter to a new record high.

Our unwavering efforts to enhance our unique curriculum offerings also bore fruit this quarter with continued growth in our enrollment retention rates. Currently, we are seeing a year-over-year increase in cash receipts and enrollment from our winter classes. This is a great testament to the effectiveness of our core capabilities in offering high-quality educational products, making innovative and responsive curriculum development as well as maintaining a strong tutoring team. In addition, we leveraged our deep expertise in delivering tangible learning outcomes to make meaningful strides in our nationwide expansion, resulting in improved enrollment for learning centers outside Shanghai. Going forward, we will continue strengthening our brand educational products and teaching approaches to further drive student enrollment and engagement, paving the way for a future of profitable growth. We are confident that our ability to provide state-of-the-art courses and services has positioned us to capture new opportunities in a recovering market and create a sustainable business in the long run," Ms. Zuo concluded.

For earnings history and earnings-related data on Four Seasons Education (FEDU) click here.

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