More on RYB Education Q2 results [Seeking Alpha]
RYB Education, Inc. American depositary shares, each representing one Class A ordinary share (RYB)
Last ryb education, inc. american depositary shares, each representing one class a ordinary share earnings: 3/30 08:00 pm
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Source: Seeking Alpha
RYB Education ( RYB ) reports Q2 revenue growth of 25.7% Y/Y to $47.5M. Service revenues increased by 35.2% Y/Y to $43.6M & product revenues decreased by 30.2% Y/Y to $3.9M. Gross margin to 33.5%. Number of students enrolled at RYB directly operated kindergartens was 23,526 (+15.0% Y/Y). Number of franchise play-and-learn centers and kindergartens in operation were 1,029 and 216, respectively. Net cash outflows from operating activities were $10.6M. Total cash, equivalents and term deposits of $143M, the decrease in cash balance was primarily driven by operational cash outflow, capex of $2.4M and acquisition payments of $2.3M. Q3 Outlook: Net revenues of $37-40M, representing a Y/Y increase of ~0%-10%. 2018 Outlook: Net revenues of $160-170M. Previously: RYB Education beats by $0.11, beats on revenue (Aug. 27) Click to subscribe to real-time analytics on RYB Now read: Arco Platform Files For $100 Million U.S. IPO » Subscribe for fu
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