RISE Education Announces First Quarter 2021 Unaudited Financial Results
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RISE Education Cayman (REDU) Reports Q1 Loss of $0.05 on Revenues of $39.9M
May 20, 2021 4:15 PM EDTRISE Education Cayman (NASDAQ: REDU) reported Q1 EPS of ($0.05). Revenue for the quarter came in at $39.9 million.
First Quarter of 2021 Financial and Operational Summary
Total revenues were RMB261.5 million (US$39.9 million) in the first quarter of 2021, compared with RMB109.0 million in the first quarter of 2020.Net loss attributable to RISE was RMB24.6 million (US$3.9 million) in the first quarter of 2021, compared with net loss of RMB103.8 million in the first quarter of 2020.Non-GAAP net loss attributable to RISE[1] was RMB19.9 million (US$3.0 million) in the first quarter of... More