Cupertino, Calif, April 29, 2025 (GLOBE NEWSWIRE) -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a leading global EdTech and AI-powered solutions provider, today announced the official launch of HybriU Conferencing, a cutting-edge platform designed to transform traditional conferencing into smart, seamless Phygital (Physical + Digital) experiences. HybriU Conferencing blends the strengths of in-person presence with advanced digital intelligence, enabling organizations to h ...

CUPERTINO, California, March 28, 2025 -- 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 2024 second half and full fiscal year, ended December 31, 2024. Exhibit 99.1 Ambow Education Announces Second Half and Full-Year 2024 Financial Results HybriU Expanding Digital Learning Opportunities, Powered by AI "In 2024, we achieved full-year profitability and reached key milestones ...

Financial Performance - Net revenues decreased from $14.8 million in 2022 to $9.2 million in 2023, with a slight increase to $9.4 million in 2024[40]. - Seasonal fluctuations in student enrollment lead to expected lower revenues in the third quarter compared to other quarters, impacting overall financial performance[49]. - NewSchool's composite score for financial responsibility was 2.2 for the fiscal year 2023, exceeding the minimum required score of 1.5[89]. - Approximately 43.8% of NewSchool's consolidated net revenues in 2024 were derived from Title IV financial aid program funds, primarily federal student loans[95]. - The company may not be able to pay dividends on its Class A ordinary shares in the future, as dividend declarations depend on the Board of Directors' discretion and various financial factors[134]. Competition and Market Position - The company faces significant competition in each major program and geographic market, which could adversely affect market share and profitability[35]. - The company must continue to enhance its online programs and adapt to technological changes to avoid losing market share[26]. - The company faces significant competition from larger organizations with greater resources, which may impact its market position[211]. Regulatory and Compliance Risks - Legislative, regulatory, and economic uncertainties may impact future student enrollment and net revenues[28]. - The ongoing regulatory efforts aimed at for-profit post-secondary institutions could lead to additional legislation negatively affecting the industry[26]. - Compliance reviews by the Department of Education could lead to sanctions if material findings of noncompliance are identified, affecting participation in Title IV programs[125]. - If NewSchool fails to comply with U.S. regulatory requirements, it could face significant monetary liabilities and loss of access to federal student loans[75]. - Changes in accounting standards or taxation rules could adversely affect NewSchool's reported financial results and operations[73]. Technology and Innovation - The company has invested in the research and development of AI technology, specifically the commercialization of its AI-driven offering, HybriU[31]. - The company debuted HybriU, an AI-powered platform for digital education, aimed at revolutionizing educational content delivery and enhancing learning experiences[150]. - HybriU integrates AI technology to enhance student engagement and teaching effectiveness, allowing for real-time insights and adaptive teaching methods[169]. - The company aims to break down barriers in education and corporate environments through innovative, AI-driven solutions[161]. - HybriU's comprehensive management platform offers AI data analytics for strategic insights, optimizing educational resources and content delivery[184]. Operational Challenges - The integration of acquired businesses poses challenges that could disrupt operations and affect anticipated benefits[38]. - Natural disasters or public health epidemics could materially disrupt business operations and adversely affect results[44]. - The company relies heavily on the services of its senior management team, particularly the founder and CEO, Dr. Jin Huang, to maintain business stability and growth[45]. - The ongoing litigation regarding campus lease disputes could have a material adverse impact on the company's financial condition and operations[221]. Cybersecurity and Data Protection - Cybersecurity threats, including network interruptions and data breaches, pose significant risks to the company's operations and reputation[53][54]. - Compliance with evolving privacy and data protection laws is essential; failure to do so could result in significant fines and damage to the company's reputation[56][57]. - Reliance on third-party service providers introduces additional cybersecurity risks, potentially affecting the company's operations and data security[66]. - The company has limited resources for detecting and remediating vulnerabilities in information systems, which could lead to security incidents[67]. Legal Matters - NewSchool is currently involved in two lawsuits regarding leased property, with potential damages totaling $6,722,232.24, including $2,255,984.44 in past rent and $4,466,247.80 in breach of contract claims[70]. - The Department of Education's evaluation of NewSchool's financial responsibility could lead to sanctions, including the requirement to post a letter of credit or termination of eligibility for Title IV programs[90]. - The Department of Education's misrepresentation rules could expose the company to liability and sanctions, impacting its financial condition[128]. Future Outlook - The company anticipates a rapid increase in out-of-state and international student enrollment due to the deployment of HybriU[160]. - Future acquisitions may involve substantial risks and uncertainties, including hidden liabilities that could adversely affect the company's financial condition[117]. - Changes in the availability of Title IV funds by Congress could materially affect NewSchool's enrollment and financial condition[95].

Core Viewpoint - Ambow Education Holding Ltd. has achieved full-year profitability in 2024, driven by the adoption of its AI-powered platform, HybriU, which integrates physical and digital learning experiences [2][4]. Financial Performance - In Q4 2024, net revenues reached $3.5 million, up from $2.4 million in Q4 2023, primarily due to the launch of HybriU [8]. - Gross profit for Q4 2024 was $2.3 million, with a gross profit margin of 65.7%, compared to 50.0% in Q4 2023 [8]. - Operating expenses in Q4 2024 decreased by 13.3% to $1.3 million from $1.5 million in Q4 2023 [8]. - The company reported an operating income of $1.0 million in Q4 2024, a significant improvement from an operating loss of $0.3 million in Q4 2023 [8]. Yearly Financial Highlights - For the full fiscal year 2024, net revenues increased by 2.2% to $9.4 million from $9.2 million in 2023, driven by HybriU's revenue growth [9]. - Gross profit for the fiscal year 2024 was $5.0 million, up from $2.5 million in 2023, attributed to increased revenues from HybriU and reduced payroll expenses [9][10]. - Operating expenses for the fiscal year 2024 decreased by 16.2% to $5.7 million from $6.8 million in 2023 [14]. - The operating loss for the fiscal year 2024 narrowed to $0.7 million, compared to a loss of $4.3 million in 2023 [14]. - Net income attributable to ordinary shareholders in fiscal year 2024 was $0.3 million, or $0.005 per share, compared to a net loss of $3.2 million, or $0.06 per share in 2023 [14]. Strategic Outlook - The company plans to accelerate the adoption of HybriU in both U.S. and international markets in 2025, enhancing its AI capabilities to provide greater value to partners [4]. - Ambow is positioned for continued growth and increasing profitability due to a strong financial foundation and a differentiated first-to-market solution [4]. Company Overview - Ambow Education Holding Ltd. is an AI-driven technology company that offers phygital solutions for education, corporate conferencing, and live events through its flagship platform, HybriU [12].

Core Viewpoint - Ambow Education Holding Ltd. has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC, highlighting its commitment to transparency and regulatory compliance [1]. Group 1: Company Overview - Ambow Education Holding Ltd. is an AI-driven educational technology company based in the U.S., providing phygital solutions for education, corporate conferencing, and live events [3]. - The company's flagship platform, HybriU, aims to transform learning, collaboration, and communication by delivering immersive and intelligent experiences across various industries [3]. Group 2: Financial Reporting - The Annual Report on Form 20-F is accessible on the company's investor relations website and the SEC's website, ensuring shareholders can easily obtain financial information [2]. - Shareholders and ADS holders can request a hard copy of the Annual Report, which includes audited consolidated financial statements, free of charge [2].

Company Overview - Ambow Education Holding Ltd is an AI-driven technology company focused on education and collaboration, headquartered in Cupertino, California [1] - The company provides advanced learning, lecture capture, connectivity, and 3D technologies through its patented HybriU platform [1] - Ambow aims to transform learning experiences, professional gatherings, and corporate operations by integrating AI into education and events [1] HybriU Platform - HybriU is a proprietary AI Digital Education Solution featuring sophisticated AI-powered software and hardware [6] - The platform creates hybrid classrooms and event spaces with advanced technologies like instant translation and simultaneous content creation [6] - HybriU enables precise offline image capture and accelerates the production of high-quality courses [6] - The Enterprise Synergy Suite promotes AI-driven collaborative solutions for centralized project brainstorming, decision making, and implementation [6] - The platform helps companies build libraries for long-term practices and significantly reduces operational costs by offering remote courses and events [6] Market Strategy - Ambow plans to invest in building sales infrastructure in the US while utilizing technology resellers and a partnering network [6] - Outside the US, the company aims to license its technology, as evidenced by a $1.3 million nonexclusive licensing agreement with Singapore-based Inspiring Futures Pte Ltd in October 2024 [6] Financial Position - As of June 30, 2024, Ambow had $9 million in cash resources and $4.5 million in working capital to support the commercial rollout of HybriU [6] - The company achieved positive net income for the first half of 2024 and has the potential to achieve full-year profitability as early as 2024 [6] Industry Context - Ambow is well-positioned to participate in the digitalization of the educational industry with its HybriU platform [6] - The platform's capabilities align with the growing trend of hybrid learning and remote collaboration solutions in both educational and corporate sectors [6]

Core Viewpoint - Ambow Education Holding Ltd. has achieved profitability and improved margins in the first half of 2024, driven by its AI-driven hybrid education platform, HybriU, which is positioned to capture significant market opportunities [2][3]. Financial Performance Second Quarter 2024 Highlights - Net revenues decreased by 11.1% to $2.4 million from $2.7 million in Q2 2023, primarily due to the closure of Bay State College [3]. - Gross profit increased by 8.3% to $1.3 million, with a gross profit margin of 54.2%, up from 44.4% in Q2 2023 [3]. - Operating expenses decreased by 35.0% to $1.3 million, leading to an operating income of $0.1 million, an improvement from a loss of $0.8 million in Q2 2023 [3]. - Net income attributable to ordinary shareholders improved to $0.1 million, or $0 per share, from a net loss of $1.0 million, or $0.02 per share, in Q2 2023 [3]. First Six Months 2024 Highlights - Net revenues decreased by 21.3% to $4.8 million from $6.1 million in the first half of 2023, again due to the closure of Bay State College [4]. - Gross profit increased by 30.0% to $2.6 million, with a gross profit margin of 54.2%, compared to 32.8% in the same period of 2023 [4]. - Operating expenses decreased by 23.1% to $3.0 million, resulting in an operating loss of $0.4 million, improved from a loss of $1.9 million in the first half of 2023 [4]. - Net income attributable to ordinary shareholders improved to $0.2 million, or $0 per share, from a net loss of $2.2 million, or $0.04 per share, in the first half of 2023 [4]. Strategic Initiatives - The company is focusing on its AI-driven hybrid education platform, HybriU, which aims to provide a unified learning experience globally [2]. - A recent licensing agreement worth $1.3 million for HybriU in overseas markets marks a significant step in expanding its market presence [2]. Cash Position - As of June 30, 2024, Ambow maintained cash resources of $9.0 million, consisting of cash and cash equivalents of $1.6 million and restricted cash of $7.4 million [3].

Core Viewpoint - Ambow Education's stock price experienced a significant decline of 18.91% to $3.26 in pre-market trading after a previous surge of 226.83% in the last trading session [1] Group 1: Stock Performance - The stock price fell to $3.26, marking an 18.91% decrease in pre-market trading [1] - This decline follows a substantial increase of 226.83% in the previous trading session [1] Group 2: Business Development - Ambow Education has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD [1] - The agreement allows Inspiring Futures to produce and sell the HybriU AI UniBox, an AI-driven educational solution, in international markets [1]

Core Insights - Ambow Education Holding Ltd. has entered into a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD for the production and sale of the HybriU AI UniBox in international markets [1][2] - The partnership aims to enhance HybriU's presence in the global digital education sector, allowing Ambow to focus on expanding its footprint in key U.S. markets [2] - HybriU is positioned as a unique 5-in-1 total solution that integrates AI across five domains: teaching, learning, connectivity, recording, and management, providing a unified learning experience [2] Company Overview - Ambow Education Holding Ltd. is an AI-driven educational technology company based in the U.S., dedicated to empowering educational institutions and students through advanced AI and connectivity solutions [4] - The company operates the New School of Architecture & Design in San Diego, California, and is committed to delivering personalized and impactful career education services [4] Strategic Partnerships - Inspiring Futures, based in Singapore, has extensive experience in the education sector and aims to expand internationally, targeting regions with high demand for quality education and technology integration [3] - The partnership with Ambow is part of Inspiring Futures' strategy to deliver innovative solutions and establish itself as a trusted partner in the global education landscape [3]

Financial Performance - Net revenues from continuing operations in Q4 2023 were $2.4 million, down 27.3% from $3.3 million in Q4 2022[3] - Full-year 2023 net revenues from continuing operations decreased by 37.8% to $9.2 million from $14.8 million in 2022, mainly due to the closure of Bay State College[6] - Net revenues for the three months ended September 30, 2023, were $671 million, a decrease from $2,351 million for the same period in 2022[17] - Educational program and services revenue for the three months ended December 31, 2023, was $9,163 million, down from $14,840 million for the same period in 2022[20] Profitability - Gross profit in Q4 2023 was $1.2 million, with a gross margin of 50.0%, compared to a gross loss of $0.7 million and a negative margin of 21.2% in Q4 2022[3] - Full-year 2023 gross profit increased to $2.5 million from $0.3 million in 2022, attributed to stringent cost controls[6] - Gross profit for the three months ended September 30, 2023, was $1,208 million, compared to a gross loss of $729 million for the same period in 2022[17] Operating Expenses and Losses - Operating expenses in Q4 2023 increased by 87.5% to $1.5 million from $0.8 million in Q4 2022, primarily due to expenditures related to the new product HybriU[3] - Operating loss for the full year 2023 improved to $4.3 million from a loss of $9.5 million in 2022[6] - Operating loss for the three months ended September 30, 2023, was $2,204 million, an increase from $4,002 million for the same period in 2022[17] - Operating loss for the three months ended December 31, 2023, was $4,305 million, compared to a loss of $9,488 million for the same period in 2022[20] - Total operating expenses for the three months ended December 31, 2023, were $6,799 million, down from $9,772 million for the same period in 2022[20] Net Income and Loss - Net income attributable to ordinary shareholders in Q4 2023 was $1.3 million, or $0.02 per share, compared to a loss of $0.9 million in Q4 2022[5] - Net loss attributable to ordinary shareholders from continuing operations for the three months ended September 30, 2023, was $4,068 million, compared to a loss of $2,235 million for the same period in 2022[18] - Net loss for the three months ended December 31, 2023, was $3,175 million, a decrease from $14,308 million for the same period in 2022[20] - Net loss from continuing operations per share for the three months ended December 31, 2023, was $(0.06), compared to $(0.19) for the same period in 2022[21] Cash Position - As of December 31, 2023, the company had cash resources of $10.0 million, including cash and cash equivalents of $4.8 million and restricted cash of $5.2 million[7] Product Launch and Future Outlook - The company launched its AI-driven product HybriU in July 2023, targeting the hybrid and digital education market[1] - Ambow expects continued financial momentum and profitability for the full year 2024 as it expands its AI technology in higher education and workforce training[2]