Stock News Buzz: RYB Education (NYSE:RYB) Releases its unaudited financial results for the third quarter

On Tuesday RYB Education (NYSE:RYB) stock traded volume of 10871 shares during its last trading session as compared to its average volume of 18875 shares over the recent month. RYB ended its day with the down stream along the move of -0.65% and closed at the price of $6.11 before opening at $6.15. It has total market capitalization is $174809181. 52 week range of the stock remained $ 5.6 – 9.46 while its day lowest price was $6.11 and its hit its day highest price at $6.18.

On Nov. 19, 2019, RYB Education (NYSE:RYB) a leading early childhood education service provider in China, reported its unaudited financial results for the third quarter ended September 30, 2019.

Third Quarter 2019 Operational and Financial Summary

  • Number of students enrolled at directly operated facilities was 30,184 as of September 30, 2019, compared with 23,010 as of September 30, 2018.
  • Net revenues increased by 24.0% to $43.7 million, compared with $35.3 million for the third quarter of 2018.
  • Gross profit was $3.1 million, compared with $1.2 million for the third quarter of 2018.
  • Net loss attributable to ordinary shareholders of RYB for the third quarter of 2019 was $3.3 million, compared with $4.3 million for the third quarter of 2018. Adjusted net loss attributable to ordinary shareholders[1] of RYB for the third quarter of 2019 was $2.5 million, compared with $1.9 million for the third quarter of 2018.
  • Cash generated from operating activities was $12.0 million in the third quarter of 2019, compared to $14.7 million for the third quarter of 2018.
  • First Nine Months of 2019 Financial Highlights
  • Net revenues were $131.5 million, compared with $111.5 million for the first nine months of 2018.
  • Gross profit was $16.9 million, compared with $17.7 million for the first nine months of 2018.
  • Net loss attributable to ordinary shareholders of RYB for the first nine months of 2019 was $2.7 million, compared with $2.3 million for the same period last year. Adjusted net income attributable to ordinary shareholders of RYB for the first nine months of 2019 was $0.2 million, compared with $4.1 million for the first nine months of 2018.
  • Cash generated from operating activities was $22.3 million for the nine months of 2019, compared with $9.4 million for the first nine months of 2018.

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