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Tarena(TEDU) - 2023 Q4 - Annual Report
2024-04-19 20:02
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered American Depositary Shares, each TCTM The NASDAQ Stock Market LLC representing five Class A ordinary shares, (The NASDAQ Capital Market) par value US$0.001 per share Class A ordinary shares, The NASDAQ Stock Market LLC par value US$0.001 per share (The NASDAQ Capital Market)* UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 ...
Why Is Tarena International (TCTM) Stock Down 10% Today?
InvestorPlace· 2024-01-11 13:39
Tarena International (NASDAQ:TCTM) stock is falling on Thursday just one day after the professional education services company changed the ticker for its shares.Tarena International started trading on Wednesday with its shares trading under the current TCTM stock ticker. Before that, shares of the company’s stock were trading under the TEDU sticker.The change in stock tickers also comes alongside a shift in exchanges. That saw the company’s stock move from the Nasdaq Global Market to the Nasdaq Capital Mark ...
Tarena to Change Ticker Symbol and Ring Nasdaq Opening Bell on January 10, 2024
Prnewswire· 2024-01-09 11:00
BEIJING, Jan. 9, 2024 /PRNewswire/ -- Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company"), a leading provider of IT-focused supplementary STEM education services in China, announced that it will change its ticker symbol on the Nasdaq from "TEDU" to "TCTM" effective on January 10, 2024 and that Ms. Ying Sun, the Company's CEO, will lead the opening bell ceremony at the Nasdaq Capital Market alongside the Company's team on January 10, 2024, to celebrate the first day of trading on Nasdaq und ...
Tarena(TEDU) - 2023 Q2 - Earnings Call Transcript
2023-08-29 22:34
Tarena International, Inc. (NASDAQ:TEDU) Q2 2023 Earnings Conference Call August 29, 2023 8:00 AM ET Company Participants Sylvia Yang - IR Manager Nancy Ying Sun - CEO Xiaobo Shao - CFO Conference Call Participants Operator Good day, everyone, and welcome to the Tarena Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Sylvia Yang, Investor Relationship Manager. Please go ahead. Sylvia Yang Thank yo ...
Tarena(TEDU) - 2023 Q1 - Earnings Call Transcript
2023-06-13 15:29
Tarena International, Inc. (NASDAQ:TEDU) Q1 2023 Earnings Conference Call June 13, 2023 8:00 AM ET Company Participants Sylvia Yang - IR Manager Nancy Ying Sun - CEO Ping Wei - CFO Conference Call Participants Edward Reilly - EF Hutton William Gregozeski - Greenridge Global Operator Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter of 2023 Tarena International, Inc. Earnings Conference Call. All participants are in a listen-only mode. There will be a presentation followed by ...
Tarena(TEDU) - 2023 Q2 - Quarterly Report
2023-06-13 10:01
Enrollment and Education Focus - Total student enrollment in IT-focused supplementary STEAM education increased by 1.0% to 174,800 in Q1 2023 from 173,100 in Q1 2022[2]. Financial Performance - Net revenues decreased by 38.2% year-over-year to RMB385.1 million (US$56.1 million) in Q1 2023 from RMB623.5 million in Q1 2022[2]. - Gross profit decreased by 44.0% year-over-year to RMB201.0 million (US$29.3 million) in Q1 2023 from RMB358.9 million in Q1 2022[2]. - Operating loss was RMB58.8 million (US$8.6 million) in Q1 2023, compared to operating income of RMB28.6 million in Q1 2022[2]. - Net loss was RMB49.9 million (US$7.3 million) in Q1 2023, compared to net income of RMB27.1 million in Q1 2022[2]. - Basic and diluted loss per ADS was RMB4.67 (US$0.68) in Q1 2023[2]. - Net revenues for Q1 2023 were RMB 385,104, a decrease of 38.3% compared to RMB 623,506 in Q1 2022[32]. - Gross profit for Q1 2023 was RMB 201,003, down 44.0% from RMB 358,918 in Q1 2022[32]. - Operating loss for Q1 2023 was RMB 58,823, compared to an operating income of RMB 28,591 in Q1 2022[32]. - Net loss attributable to Class A and Class B ordinary shareholders for Q1 2023 was RMB 50,233, compared to a net income of RMB 26,561 in Q1 2022[32]. - Basic and diluted net loss per ADS for Q1 2023 was (4.67), compared to basic and diluted earnings per ADS of 2.39 and 2.35 respectively in Q1 2022[32]. - GAAP net loss for the three months ended March 31, 2023, was RMB (49,918) million, compared to a net income of RMB 27,069 million for the same period in 2022[35]. - Non-GAAP operating loss for the first quarter of 2023 was RMB (57,743) million, a significant decline from a profit of RMB 29,979 million in Q1 2022[35]. - Non-GAAP net income attributable to Class A and Class B ordinary shareholders was RMB (49,153) million in Q1 2023, a decline from RMB 27,949 million in Q1 2022[35]. - Basic Non-GAAP net loss per share for Q1 2023 was RMB (4.57), compared to a profit of RMB 2.51 in Q1 2022[35]. Operating Expenses and Liabilities - Total operating expenses decreased by 21.3% to RMB259.8 million (US$37.8 million) in Q1 2023 from RMB330.3 million in Q1 2022[10]. - Total liabilities as of March 31, 2023, were RMB 2,693,676, an increase from RMB 2,656,946 as of December 31, 2022[30]. - Cash and cash equivalents as of March 31, 2023, were RMB 50,000, down from RMB 52,000 as of December 31, 2022[30]. Tax and Currency Impact - The company recorded an income tax benefit of RMB8.1 million (US$1.2 million) in Q1 2023, compared to an income tax expense of RMB5.4 million in Q1 2022[14]. - The company reported a foreign currency exchange loss of RMB 114 in Q1 2023, compared to a loss of RMB 85 in Q1 2022[32]. Future Outlook and Strategy - The company expects net revenues for Q2 2023 to be in the range of RMB520 million to RMB550 million, representing a decrease of 15% to 20% compared to Q2 2022[18]. - The company plans to continue focusing on enhancing its curriculum to meet market demand and improve job placement rates for students[25]. Research and Development - Research and development expenses for Q1 2023 were RMB 15,128, a slight decrease from RMB 16,342 in Q1 2022[32]. - Research and development expenses on a GAAP basis were RMB 15,128 million for Q1 2023, slightly down from RMB 16,342 million in Q1 2022, a decrease of approximately 7.4%[35].
Tarena(TEDU) - 2022 Q4 - Annual Report
2023-04-28 20:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
Tarena(TEDU) - 2022 Q4 - Earnings Call Transcript
2023-03-28 17:49
Tarena International, Inc. (NASDAQ:TEDU) Q4 2022 Results Conference Call March 28, 2023 8:00 AM ET Company Participants Sylvia Yang - Investor Relations Manager Nancy Ying Sun - Chief Executive Officer Ping Wei - Chief Financial Officer Conference Call Participants Edward Riley - E. F. Hutton Operator Ladies and gentlemen, thank you for standing by and welcome to the Fourth Quarter and Full Year of 2022 Tarena International Incorporated Earnings Conference Call. All participants are in a listen-only mode. T ...
Tarena(TEDU) - 2023 Q1 - Quarterly Report
2023-03-28 10:05
Exhibit 99.1 Tarena International, Inc. Announces the Unaudited Results for the Fourth Quarter and Fiscal Year of 2022 Highlights for the Fourth Quarter of 2022 Highlights for Fiscal Year of 2022 BEIJING, Mar 27, 2023 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced its unaudited financial results for the fourth quarter and full year ended Dece ...
Tarena(TEDU) - 2022 Q3 - Earnings Call Transcript
2022-11-30 15:35
Tarena International, Inc. (NASDAQ:TEDU) Q3 2022 Earnings Conference Call November 30, 2022 8:00 AM ET Company Participants Sylvia Yang - Manager of Investor Relations Nancy Ying Sun - Chief Executive Officer Ping Wei - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2022 Tarena International, Inc. Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s present ...