RISE Education Cayman (REDU) Reports Q4 Revenues of $55.9M

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Go back to RISE Education Cayman (REDU) Reports Q4 Revenues of $55.9M

RISE Education Announces Fourth Quarter and Full Year 2020 Unaudited Financial Results

March 16, 2021 4:05 PM EDT

BEIJING, March 16, 2021 /PRNewswire/ -- RISE Education Cayman Ltd ("RISE" or the "Company") (NASDAQ: REDU), a leading junior English Language Training ("ELT") provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

Impact of COVID-19

The outbreak of COVID-19 in late January 2020 had a significant and material adverse impact on the Company's operations through the full year of 2020. In accordance with government regulations to contain the pandemic, RISE's learning centers were temporarily closed for a majority of the time during the period starting January 19,... More