RISE Education Cayman (REDU) Reports Q1 Loss of $0.05 on Revenues of $39.9M

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Go back to RISE Education Cayman (REDU) Reports Q1 Loss of $0.05 on Revenues of $39.9M

RISE Education Announces First Quarter 2021 Unaudited Financial Results

May 20, 2021 4:10 PM EDT

BEIJING, May 20, 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 first quarter ended March 31, 2021.

Impact from COVID-19

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