Ambow Education Announces Second Half and Full-Year 2023 Financial Results [Yahoo! Finance]
Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO)
US:NYSE Investor Relations:
mzcan.com/us/ambo/irwebsite
Company Research
Source: Yahoo! Finance
April 25, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI-driven educational technology company, today announced its financial and operating results for the second half [1] and 2023 full fiscal year, [2] ended December 31, 2023 "2023 was a transitional year for us. We strategically pivoted our business, securing the bedrock for our future growth with HybriU's official launch in July, marking our foray into the large, untapped hybrid and digital education market," said Dr. Jin Huang , Ambow's President, Chief Executive Officer and acting Chief Financial Officer. "The steps we have taken vastly improved our financial profile, achieving a gross margin of 50% in the fourth quarter of 2023 compared with a negative gross margin in the same period of 2022. "Our sights are now squarely set on emerging opportunities with our transformational, first-to-market total solution HybriU product. HybriU's all-encompassing technology integra
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AMBO
News
- Ambow Files its Annual Report on Form 20-F for Fiscal Year 2023PR Newswire
- Ambow Education Announces Second Half and Full-Year 2023 Financial ResultsPR Newswire
- Ambow Education Showcases Cutting-edge HybriU Technology at Open House [Yahoo! Finance]Yahoo! Finance
- Ambow Education Showcases Cutting-edge HybriU Technology at Open HousePR Newswire
- Global Private Tutoring Market Set to Double to US$ 231.6 Billion by 2032, Driven by Technological Advancements and Rising Educational Standards [Yahoo! Finance]Yahoo! Finance
AMBO
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 3/6/24 - Form 6-K
- AMBO's page on the SEC website