BEIJING, Sept. 17, 2021 /PRNewswire/ — RYB Schooling, Inc. (“RYB” or the “Firm”) (NYSE: RYB), a number one early childhood schooling service supplier in China, right this moment introduced its unaudited monetary outcomes for the second quarter of 2021.
Second Quarter 2021 Operational and Monetary Abstract
- Variety of college students enrolled at immediately operated services was 37,166 as of June 30, 2021, in contrast with 31,023[1] as of June 30, 2020.
- Internet revenues had been $53.Four million, in contrast with $12.Eight million for the second quarter of 2020.
- Gross revenue was $14.5 million, in contrast with gross lack of $9.5 million for the second quarter of 2020.
- Internet revenue attributable to bizarre shareholders of RYB for the second quarter of 2021 was $6.2 million, in contrast with $12.Eight million of internet loss attributable to bizarre shareholders of RYB for the second quarter of 2020. Adjusted internet revenue attributable to bizarre shareholders[2] of RYB for the second quarter of 2021 was $6.Eight million, in contrast with $12.Zero million of adjusted internet loss attributable to bizarre shareholders of RYB for the second quarter of 2020.
- Money generated from working actions was $0.2 million within the second quarter of 2021, in contrast with $5.Zero million of money utilized in working actions for the second quarter of 2020.
First Six Months of 2021 Monetary Outcomes
- Internet revenues had been $90.1 million, in contrast with $30.1 million for the primary six months of 2020.
- Gross revenue was $17.9 million, in contrast with gross lack of $21.1 million for the primary six months of 2020.
- Internet revenue attributable to bizarre shareholders of RYB for the primary six months of 2021 was $4.Four million, in contrast with $39.5 million of internet loss attributable to bizarre shareholders of RYB for a similar interval of 2020. Adjusted internet revenue attributable to bizarre shareholders of RYB for the primary six months of 2021 was $5.6 million, in contrast with $37.9 million of adjusted internet loss attributable to bizarre shareholders of RYB for a similar interval of 2020.
- Money generated from working actions was $22.9 million, in contrast with $19.Zero million of money utilized in working actions for a similar interval of 2020.
“RYB firmly helps the governmental methods and insurance policies associated to pre-school schooling which can be being launched over time. As a participant of the early schooling business, we attempt to meet our company duties and ship services that complement public schooling. We proceed to actively comply with the insurance policies that goal to raised reaching the accessibility of schooling to younger kids and to supply higher companies to households and society,” mentioned Ms. Yanlai Shi, co-founder, director and chief govt officer of RYB. “Throughout the first half of 2021, in response to authorities’s name for growing the general provide of inclusive kindergarten and preschool schooling, we continued our efforts in increasing the variety of lessons and enrollment capability at our services with out compromising high quality and security. We make efforts to enhance the standard of schooling and educating by means of a number of methods and to create a studying surroundings that fosters unbiased resolution making, collaboration and symbiotic worth creation, which we imagine helps the wholesome, joyful and all-rounded improvement of younger kids.
“Going by means of the challenges from the COVID-19 pandemic, the Firm’s enterprise operations made a sound restoration within the second quarter of 2021. The recurrences of some COVID-19 circumstances in some areas in the course of the first half of this 12 months, nonetheless, casted some influence on the play-and-learn heart operations. However, we proceed to improve our content material and curriculum methods with the aim of finishing it by the tip of the 12 months. With a hands-on method to assist the franchised play-and-learn facilities, we stay dedicated to offering them with operational steerage and course and model upgrades assist to facilitate their operations as soon as they resume regular enterprise. The Firm may also actively comply with authorities’s coverage and steerage on early childcare, leverage our non-branded early childcare choices, and empower the event of the business,” concluded Ms. Shi.
Second Quarter 2021 Monetary Outcomes
Internet Revenues
Internet revenues for the second quarter of 2021 had been $53.Four million, a rise of 318.1% from $12.Eight million for a similar quarter of 2020.
Service revenues for the second quarter of 2021 had been $51.Three million, a rise of 342.2% from $11.6 million for a similar quarter of 2020. The rise was primarily on account of a major improve in tuition charges income, as the entire Firm’s immediately operated services in China had been in regular operation within the second quarter of 2021 whereas these services, on account of the COVID-19 pandemic, simply began reopening in late Could 2020. The rise within the variety of college students enrolled at services in each China and Singapore additionally contributed to a better tuition charges income.
Merchandise revenues for the second quarter of 2021 had been $2.1 million, in contrast with $1.2 million for a similar quarter of 2020. The rise is because of a major improve within the quantity of merchandise bought by means of the Firm’s franchise community, because the franchisees’ services have resumed operation.
Value of Revenues
Value of revenues for the second quarter of 2021 was $38.9 million, a 74.2% improve from $22.Three million for a similar quarter of 2020. Value of revenues for companies for the second quarter of 2021 was $37.9 million, in contrast with $21.Eight million for a similar quarter of 2020. The rise was primarily contributed by improve within the direct price and workers compensation price, because the Firm’s immediately operated services have resumed operation. Value of merchandise revenues for the second quarter of 2021 was $0.9 million, in contrast with $0.6 million for a similar quarter of 2020. The rise was typically in keeping with the rise in merchandise revenues.
Gross Revenue/loss
Because of the foregoing, gross revenue for the second quarter of 2021 was $14.5 million, in contrast with gross lack of $9.5 million for a similar quarter of 2020.
Working Bills
Whole working bills for the second quarter of 2021 had been $5.9 million, in contrast with $5.Four million for a similar quarter of 2020. Excluding share-based compensation bills, working bills had been $5.Three million, in contrast with $4.6 million for the second quarter of 2020.
Promoting bills for the second quarter of 2021 had been $0.6 million, in contrast with $0.1 million for a similar quarter of 2020.
Common and administrative bills for the second quarter of 2021 had been $5.Three million, in contrast with $5.Three million for a similar quarter of 2020. Excluding share-based compensation bills, common and administrative bills had been $4.7 million for the second quarter of 2021, a rise of 5.8% from $4.5 million for a similar quarter of 2020. The rise on the whole and administrative bills excluding share-based compensation bills was primarily pushed by the rise in workers compensation price, because the Firm adopted price management measures, particularly on workers compensation price, within the second quarter of 2020 to deal with the COVID-19 pandemic. The share-based compensation bills included on the whole and administrative bills had been $0.6 million for the quarter.
Working Revenue/loss
Working revenue for the second quarter of 2021 was $8.6 million, in contrast with $14.9 million of working loss for a similar quarter final 12 months. Adjusted working revenue[3] was $9.2 million for the second quarter of 2021, in contrast with $14.1 million of adjusted working loss for a similar quarter of 2020.
Internet Revenue/loss
Internet revenue attributable to bizarre shareholders of RYB for the second quarter of 2021 was $6.2 million, in contrast with $12.Eight million of internet loss attributable to bizarre shareholders of RYB for the second quarter of 2020. Adjusted internet revenue attributable to bizarre shareholders of RYB, which excludes the influence of $0.6 million of share-based compensation expense was $6.Eight million, in contrast with $12.Zero million of adjusted internet loss attributable to bizarre shareholders of RYB for the second quarter of 2020.
Fundamental and diluted internet revenue per American depositary share (“ADS”) attributable to bizarre shareholders of RYB for the second quarter of 2021 had been $0.22 and $0.21, respectively, in contrast with primary and diluted internet loss per ADS of $0.46 and $0.46, respectively for the second quarter of 2020. Every ADS represents one Class A bizarre share.
Adjusted primary and diluted internet revenue per ADS attributable to bizarre shareholders[4] of RYB for the second quarter of 2021 had been $0.24 and $0.23, respectively, in contrast with adjusted primary and diluted internet loss per ADS of $0.43 and $0.43, respectively for the second quarter of 2020.
EBITDA[5] for the second quarter of 2021 was $12.6 million, in contrast with a loss of $10.2 million for the second quarter of 2020. Adjusted EBITDA[6] for the second quarter of 2021 was $13.2 million, in contrast with a lack of $9.4 million for the second quarter of 2020.
Working Money Circulate
Money generated from working actions was $0.2 million in the course of the second quarter of 2021, in contrast with $5.0 million money used in working actions in the course of the second quarter of 2020. The rise was because of the vital improve of tuition price collected in the course of the quarter, as the entire immediately operated services had been in regular operation.
Steadiness Sheet
As of June 30, 2021, the Firm had whole money and money equivalents of $72.8 million, a rise from $53.5 million as of December 31, 2020. The rise in money and money equivalents balances was primarily pushed by the working money influx of $22.9 million in the course of the first half of 2021.
First Six Months of 2021 Monetary Outcomes
Internet Revenues
Internet revenues for the primary six months of 2021 had been $90.1 million, a rise of 199.4% from $30.1 million for a similar interval of 2020.
Providers revenues for the primary six months of 2021 had been $86.Three million, a rise of 204.1% from $28.Four million for a similar interval final 12 months. The rise was primarily on account of elevated tuition charges as the entire Firm’s immediately operated services have been in regular operation for the primary six months of 2021, whereas these services had been briefly closed for more often than not in the identical interval of 2020 on account of the COVID-19 pandemic. Franchise companies revenues additionally elevated because the overwhelming majority of franchised play-and-learn facilities resumed operation in the course of the first six months of 2021.
Merchandise revenues for the primary six months of 2021 had been $3.7 million, in contrast with $1.7 million for a similar interval in 2020. The rise was on account of a rise within the quantity of merchandise bought by means of the Firm’s franchise community because the overwhelming majority of the Firm’s franchised services had been in momentary closure throughout many of the first half of 2020.
Value of Revenues
Value of revenues for the primary six months of 2021 was $72.1 million, in contrast with $51.2 million for the primary six months of 2020. Value of revenues for companies for the primary six months of 2021 was $70.5 million, in contrast with $50.Four million for a similar interval of 2020. The rise was primarily pushed by a rise within the direct price of immediately operated services in the course of the first half of 2021, all of which had been in regular operation in the course of the first six months of 2021. Value of merchandise revenues for the primary six months of 2021 was $1.6 million, in contrast with $0.Eight million for a similar interval final 12 months. The rise was in keeping with the rise in merchandise revenues.
Gross Revenue/loss
Gross revenue for the primary six months of 2021 was $17.9 million, in contrast with gross lack of $21.1 million for a similar interval final 12 months.
Working Bills
Whole working bills for the primary six months of 2021 had been $11.6 million, in contrast with $19.9 million for a similar interval final 12 months. Excluding share-based compensation bills, working bills had been $10.Four million for the primary six months of 2021, in contrast with $18.Three million for a similar interval final 12 months.
Promoting bills had been $1.Zero million for the primary six months of 2021, in contrast with $0.Four million for a similar interval final 12 months.
Common and administrative bills for the primary six months of 2021 had been $10.6 million, in contrast with $11.1 million for a similar interval final 12 months. Excluding share-based compensation bills, common and administrative bills had been $9.Four million for the primary six months of 2021, a lower of 1.5% from $9.5 million for a similar interval of 2020. The lower on the whole and administrative bills excluding share-based compensation bills was primarily because of the Firm’s steady stringent price management measures because the COVID-19 pandemic.
Impairment loss on goodwill was nil for the primary half of 2021, in comparison with $8.5 million for a similar interval of 2020.
Working Revenue/loss
Working revenue for the primary six months of 2021 was $6.Four million, in contrast with working lack of $41.Zero million for a similar interval final 12 months. Adjusted working revenue for the primary six months of 2021 was $7.6 million, in contrast with adjusted working lack of $39.Four million for a similar interval final 12 months.
Internet Revenue/loss
Internet revenue attributable to bizarre shareholders of RYB for the primary six months of 2021 was $4.Four million, in contrast with $39.5 million of internet loss attributable to bizarre shareholders of RYB for a similar interval of 2020. Adjusted internet revenue attributable to bizarre shareholders of RYB, which excludes the influence of share-based compensation expense, for the primary six months of 2021 was $5.6 million, in contrast with $37.9 million of adjusted internet loss attributable to bizarre shareholders of RYB for a similar interval of 2020.
Fundamental and diluted internet revenue per ADS attributable to bizarre shareholders of RYB for the primary six months of 2021 had been $0.15 and $0.15, respectively, in contrast with primary and diluted internet loss per ADS attributable to bizarre shareholders of RYB of $1.43 and $1.43, respectively for a similar interval of 2020. Every ADS represents one Class A bizarre share.
Adjusted primary and diluted internet revenue per ADS attributable to bizarre shareholders of RYB for the primary six months of 2021 had been $0.20 and $0.19, respectively, in contrast with adjusted primary and diluted internet loss per ADS attributable to bizarre shareholders of RYB of $1.37 and $1.37, respectively for a similar interval of 2020.
EBITDA for the primary six months of 2021 was $15.Eight million, in contrast with a lack of $34.9 million for a similar interval of 2020. Adjusted EBITDA for the primary six months of 2021 was $17.Zero million, in contrast with a lack of $33.Three million for a similar interval of 2020.
Enterprise Outlook
For the third quarter of 2021, the Firm’s administration at present expects internet revenues to be between $41.Zero million and $42.Zero million, representing a year-over-year improve of roughly 26% to 29%. The above outlook is predicated on the present market circumstances and displays the Firm administration’s present and preliminary estimates of market and working circumstances, buyer demand and overseas trade surroundings, that are all topic to alter.
|
[1] The variety of college students enrolled as of June 30, 2020 refers back to the variety of college students enrolled earlier than the momentary closure of the Firm’s services in China on account of COVID-19 and the variety of college students enrolled in our services in Singapore as at June 30, 2020. |
|
[2] Adjusted internet revenue (loss) attributable to bizarre shareholders is a non-GAAP monetary measure, which is outlined as internet revenue (loss) attributable to bizarre shareholders excluding share-based compensation bills and modifications in redeemable non-controlling pursuits. See “Use of Non-GAAP Monetary Measures” and “Reconciliations of GAAP and non-GAAP outcomes” elsewhere on this earnings launch. |
|
[3] Adjusted working revenue (loss) is a non-GAAP monetary measure, which is outlined as working revenue (loss) excluding share-based compensation bills. See “Use of Non-GAAP Monetary Measures” and “Reconciliations of GAAP and non-GAAP outcomes” elsewhere on this earnings launch. |
|
[4] Adjusted primary and diluted internet revenue (loss) per ADS attributable to bizarre shareholders is a non- GAAP monetary measure, which is outlined as primary and diluted internet revenue (loss) per ADS attributable to bizarre shareholders excluding share-based compensation bills and modifications in redeemable non-controlling curiosity. See “Use of Non-GAAP Monetary Measures” and “Reconciliations of GAAP and non-GAAP outcomes” elsewhere on this earnings launch. |
|
[5] EBITDA is outlined as internet revenue (loss) excluding depreciation, amortization and revenue tax bills. See “Use of Non-GAAP Monetary Measures” and “Reconciliations of GAAP and non-GAAP outcomes” elsewhere on this earnings launch. |
|
[6] Adjusted EBITDA is a non-GAAP monetary measure, which is outlined as internet revenue (loss) excluding depreciation, amortization, revenue tax bills, and share-based compensation bills. See “Use of Non-GAAP Monetary Measures” and “Reconciliations of GAAP and non-GAAP outcomes” elsewhere on this earnings launch. |
About RYB Schooling, Inc.
Based on the core values of “Care” and “Accountability,” “Encourage” and “Innovate,” RYB Schooling, Inc. is a number one early childhood schooling service supplier in China. Since opening its first play-and-learn heart in 1998, the Firm has grown and flourished with the mission to supply high-quality, individualized and age-appropriate care and schooling to nurture and encourage every youngster for his or her betterment in life. Throughout its twenty years of working historical past, the Firm has constructed “RYB” right into a well-recognized schooling model and helped result in many new instructional practices in China’s early childhood schooling business. RYB’s complete early childhood schooling options meet the wants of youngsters from infancy to six years outdated by means of structured programs at kindergartens and play-and-learn facilities, in addition to at-home instructional services.
For extra data, please go to http://ir.rybbaby.com
Use of Non-GAAP Monetary Measures
We use EBITDA, adjusted EBITDA, adjusted working revenue, adjusted internet revenue, and adjusted primary and diluted internet revenue per ADS, every a non-GAAP monetary measure, in evaluating our working outcomes and for monetary and operational decision-making functions.
EBITDA is outlined as internet revenue excluding depreciation, amortization and revenue tax bills; adjusted EBITDA is outlined as internet revenue excluding depreciation, amortization, revenue tax bills, and share-based compensation bills; adjusted working revenue is outlined as working revenue excluding share-based compensation bills; adjusted internet revenue attributable to bizarre shareholders is outlined as internet revenue attributable to bizarre shareholders excluding share-based compensation bills and modifications in redeemable non-controlling curiosity; and adjusted primary and diluted internet revenue per ADS attributable to bizarre shareholders are outlined as primary and diluted internet revenue per ADS attributable to bizarre shareholders excluding share-based compensation bills and modifications in redeemable non-controlling curiosity.
We imagine that EBITDA, adjusted EBITDA, adjusted working revenue, adjusted internet revenue, and adjusted primary and diluted internet revenue per ADS, assist establish underlying developments in our enterprise that might in any other case be distorted by the impact of sure bills that we embrace in revenue from operations and internet revenue. We imagine that EBITDA, adjusted EBITDA, adjusted working revenue, adjusted internet revenue, and adjusted primary and diluted internet revenue per ADS, present helpful details about our working outcomes, improve the general understanding of our previous efficiency and future prospects and permit for higher visibility with respect to key metrics utilized by our administration in its monetary and operational decision-making.
EBITDA, adjusted EBITDA, adjusted working revenue, adjusted internet revenue, and adjusted primary and diluted internet revenue per ADS, shouldn’t be thought-about in isolation or construed as a substitute for internet revenue or some other measure of efficiency or as an indicator of our working efficiency. Traders are inspired to evaluate the historic adjusted monetary measures to essentially the most immediately comparable GAAP measures. EBITDA, adjusted EBITDA, adjusted working revenue, adjusted internet revenue, and adjusted primary and diluted internet revenue per ADS, introduced right here will not be corresponding to equally titled measures introduced by different firms. Different firms could calculate equally titled measures in a different way, limiting their usefulness as comparative measures to our information. We encourage traders and others to evaluate our monetary data in its entirety and never depend on a single monetary measure.
Secure Harbor Assertion
This announcement accommodates forward-looking statements. These statements are made underneath the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “assured” and comparable statements. Statements that aren’t historic details, together with statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Various components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Firm’s model recognition and market repute; pupil enrollment within the Firm’s educating services; the Firm’s development methods; its future enterprise improvement, outcomes of operations and monetary circumstances; developments and competitors in China’s early childhood schooling market; modifications in its revenues and sure price or expense objects; the anticipated development of the Chinese language early childhood schooling market; Chinese language governmental insurance policies regarding the Firm’s business and common financial circumstances in China. Additional data relating to these and different dangers is included within the Firm’s filings with the SEC. All data offered on this press launch and within the attachments is as of the date of this press launch, and the Firm undertakes no obligation to replace any forward-looking assertion, besides as required underneath relevant regulation.
For investor and media inquiries, please contact:
In China:
RYB Schooling, Inc.
Investor Relations
E-mail: [email protected]
The Piacente Group, Inc.
Yang Track
Tel: +86 (10) 6508-0677
E-mail: [email protected]
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||
|
(in 1000’s of U.S. {dollars}) |
||
|
As of |
||
|
June 30, 2021 |
December 31, |
|
|
Present belongings: |
||
|
Money and money equivalents |
72,797 |
53,454 |
|
Accounts receivable, internet |
2,142 |
1,844 |
|
Inventories |
5,829 |
5,773 |
|
Pay as you go bills and different present belongings |
8,094 |
8,927 |
|
Mortgage receivables |
95 |
107 |
|
Whole present belongings |
88,957 |
70,105 |
|
Non-current belongings: |
||
|
Restricted money |
1,036 |
1,127 |
|
Property, plant and gear, internet |
44,299 |
47,638 |
|
Goodwill |
46,412 |
46,147 |
|
Intangible belongings, internet |
13,665 |
14,179 |
|
Lengthy-term funding |
224 |
217 |
|
Deferred tax belongings |
21,919 |
21,168 |
|
Different non-current belongings |
12,032 |
14,438 |
|
Working lease right-of-use belongings |
77,956 |
87,472 |
|
Whole belongings |
306,500 |
302,491 |
|
Liabilities |
||
|
Present liabilities: |
||
|
Prepayments from prospects, present portion |
4,725 |
4,145 |
|
Accrued bills and different present liabilities |
58,897 |
54,406 |
|
Revenue tax payable |
20,805 |
18,592 |
|
Working lease liabilities, present portion |
15,634 |
16,856 |
|
Deferred income, present portion |
36,222 |
34,351 |
|
Lengthy-term debt, present portion |
– |
7 |
|
Whole present liabilities |
136,283 |
128,357 |
|
Non-current liabilities: |
||
|
Prepayments from prospects, non-current portion |
3,767 |
4,024 |
|
Deferred income, non-current portion |
1,067 |
1,726 |
|
Different non-current liabilities |
12,112 |
12,519 |
|
Deferred revenue tax liabilities |
2,052 |
1,890 |
|
Working lease liabilities, non-current portion |
66,785 |
76,308 |
|
Whole liabilities |
222,066 |
224,824 |
|
Mezzanine fairness |
||
|
Redeemable non-controlling pursuits |
10,489 |
9,988 |
|
Fairness |
||
|
Abnormal shares |
29 |
29 |
|
Treasury inventory |
(9,881) |
(10,321) |
|
Further paid-in capital |
141,979 |
141,094 |
|
Statutory reserve |
4,652 |
4,652 |
|
Accrued different complete (loss)/ revenue |
(1,347) |
(1,468) |
|
Accrued deficit |
(67,472) |
(71,837) |
|
Whole RYB Schooling, Inc. shareholders’ fairness |
67,960 |
62,149 |
|
Non-controlling curiosity |
5,985 |
5,530 |
|
Whole fairness |
73,945 |
67,679 |
|
Whole liabilities, mezzanine fairness and whole fairness |
306,500 |
302,491 |
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
||||
|
(in 1000’s of U.S. {dollars}, besides share, ADS, per share and per ADS information) |
||||
|
Three Months Ended June 30, |
Six Months Ended June 30, |
|||
|
2021 |
2020 |
2021 |
2020 |
|
|
Internet revenues: |
||||
|
Providers |
51,280 |
11,596 |
86,331 |
28,388 |
|
Merchandise |
2,119 |
1,175 |
3,747 |
1,702 |
|
Whole internet revenues |
53,399 |
12,771 |
90,078 |
30,090 |
|
Value of revenues: |
||||
|
Providers |
37,934 |
21,758 |
70,508 |
50,413 |
|
Merchandise |
936 |
557 |
1,628 |
813 |
|
Whole price of revenues |
38,870 |
22,315 |
72,136 |
51,226 |
|
Gross revenue (loss) |
14,529 |
(9,544) |
17,942 |
(21,136) |
|
Working bills |
||||
|
Promoting bills |
591 |
124 |
983 |
356 |
|
Common and administrative bills |
5,314 |
5,277 |
10,592 |
11,088 |
|
Impairment loss on goodwill |
– |
– |
– |
8,454 |
|
Whole working bills |
5,905 |
5,401 |
11,575 |
19,898 |
|
Working revenue (loss) |
8,624 |
(14,945) |
6,367 |
(41,034) |
|
Curiosity revenue |
45 |
136 |
111 |
185 |
|
Authorities subsidy revenue |
1,045 |
1,742 |
2,104 |
1,887 |
|
(Loss) achieve on disposal of subsidiaries |
(154) |
48 |
(154) |
48 |
|
Revenue (loss) earlier than revenue taxes |
9,560 |
(13,019) |
8,428 |
(38,914) |
|
Much less: Revenue tax bills |
2,108 |
566 |
2,689 |
4,788 |
|
Revenue (loss) earlier than loss in fairness |
7,452 |
(13,585) |
5,739 |
(43,702) |
|
Loss from fairness technique investments |
(103) |
(116) |
(104) |
(2,009) |
|
Internet revenue (loss) |
7,349 |
(13,701) |
5,635 |
(45,711) |
|
Much less: Internet revenue (loss) attributable to |
1,144 |
(854) |
1,270 |
(6,247) |
|
Internet revenue (loss) attributable to |
6,205 |
(12,847) |
4,365 |
(39,464) |
|
Internet revenue (loss) per share attributable |
||||
|
Fundamental |
0.22 |
(0.46) |
0.15 |
(1.43) |
|
Diluted |
0.21 |
(0.46) |
0.15 |
(1.43) |
|
Internet revenue (loss) per ADS attributable |
||||
|
Fundamental |
0.22 |
(0.46) |
0.15 |
(1.43) |
|
Diluted |
0.21 |
(0.46) |
0.15 |
(1.43) |
|
Weighted common shares utilized in |
||||
|
Fundamental |
28,406,779 |
27,694,997 |
28,391,955 |
27,688,253 |
|
Diluted |
29,041,677 |
27,694,997 |
28,968,047 |
27,688,253 |
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |
||||
|
(in 1000’s of U.S. {dollars}, besides share, ADS, per share and per ADS information) |
||||
|
Three Months Ended June 30, |
Six Months Ended June 30, |
|||
|
2021 |
2020 |
2021 |
2020 |
|
|
Internet revenue (loss) |
7,349 |
(13,701) |
5,635 |
(45,711) |
|
Different complete revenue (loss), internet |
||||
|
Change in cumulative overseas forex |
239 |
(256) |
15 |
(1,765) |
|
Whole complete revenue (loss) |
7,588 |
(13,957) |
5,650 |
(47,476) |
|
Much less: Complete revenue (loss) |
1,249 |
(711) |
1,155 |
(6,595) |
|
Complete revenue (loss) |
6,339 |
(13,246) |
4,495 |
(40,881) |
|
Observe 1：Every ADS represents one Class A bizarre share. |
||||
|
RECONCILIATION OF GAAP AND NON-GAAP RESULTS |
||||
|
(in 1000’s of U.S. {dollars}, besides share, ADS, per share and per ADS information) |
||||
|
Three Months Ended June 30, |
Six Months Ended June 30, |
|||
|
2021 |
2020 |
2021 |
2020 |
|
|
Working revenue (loss) |
8,624 |
(14,945) |
6,367 |
(41,034) |
|
Share-based compensation bills |
571 |
810 |
1,226 |
1,610 |
|
Adjusted working revenue (loss) |
9,195 |
(14,135) |
7,593 |
(39,424) |
|
Internet revenue (loss) attributable to bizarre |
6,205 |
(12,847) |
4,365 |
(39,464) |
|
Share-based compensation bills |
571 |
810 |
1,226 |
1,610 |
|
Adjusted internet revenue (loss) attributable to |
6,776 |
(12,037) |
5,591 |
(37,854) |
|
Internet revenue (loss) |
7,349 |
(13,701) |
5,635 |
(45,711) |
|
Add: Revenue tax expense |
2,108 |
566 |
2,689 |
4,788 |
|
Depreciation of property, plant and gear, and |
3,183 |
2,968 |
7,448 |
6,004 |
|
EBITDA |
12,640 |
(10,167) |
15,772 |
(34,919) |
|
Share-based compensation bills |
571 |
810 |
1,226 |
1,610 |
|
Adjusted EBITDA |
13,211 |
(9,357) |
16,997 |
(33,309) |
|
Internet revenue (loss) per ADS attributable to |
0.22 |
(0.46) |
0.15 |
(1.43) |
|
Internet revenue (loss) per ADS attributable to |
0.21 |
(0.46) |
0.15 |
(1.43) |
|
Adjusted internet revenue (loss) per ADS |
0.24 |
(0.43) |
0.20 |
(1.37) |
|
Adjusted internet revenue (loss) per ADS |
0.23 |
(0.43) |
0.19 |
(1.37) |
|
Weighted common shares utilized in |
28,406,779 |
27,694,997 |
28,391,955 |
27,688,253 |
|
Weighted common shares utilized in |
29,041,677 |
27,694,997 |
28,968,047 |
27,688,253 |
|
Adjusted internet revenue (loss) per share- |
0.24 |
(0.43) |
0.20 |
(1.37) |
|
Adjusted internet revenue (loss) per share- |
0.23 |
(0.43) |
0.19 |
(1.37) |
|
Observe 1：Every ADS represents one Class A bizarre share. |
||||
SOURCE RYB Schooling, Inc.
Associated Hyperlinks
www.rybbaby.com