NASDAQ | CLEU Reports three straight years of revenue increases in F20 report.
July 01 2020 - 5:00AM
ADVFN NewsWire
China Liberal Education
Resources, NASDAQ CLEU just released its F20 annual reports, here
are some points investor should focus on.
July 1, 2020 - InvestorsHub NewsWire - via INS Digital Media -
Incorporated in 2011 CLEU operates is an educational Resources
company based out of Beijing China. This F20 report includes
Financial from 2017, 2018 and 2019.
https://www.sec.gov/Archives/edgar/data/1775085/000147793220003662/cleu_20f.htm#it5
Major takeaways;
-CLEU reported 5.255 million dollars in revenue for 2019 which
is a notable increase from 2018. The total increase in revenue for
2019 was reported as $446,817.
-They have reported three straight years of Revenue
increases.
-In order to continue to deliver services to their students,
CLEU changed its classroom teaching to online teaching so as not to
affect students' learning progress. The company's remote teaching
services to students enabled them to ensure no student dropout
during the temporary school closure period from February to until
universities/colleges gradually reopened in 2020.
-As a result of covid-19 the company used their online services
to adapt quickly in providing educational resources to Chinese
students increasing their potential for additional online service
offerings in the future.
In short, CLEU has increased its revenues for the last three
years consistently and in 2019 saw an increase of almost 9%. This
9% increase total just under $470,000. Covid-19 impacted Chinese
education Ed ways the government never expected but out of that
horrible situation came an opportunity for the company. They have
now switched to providing more online teaching resources to ensure
that students Do not drop out during the pandemic. This opens CLEU
up to providing continued online services in the future as well as
new revenue-generating services to facilitate an increase in online
learning demand.
Investor sentiment seems to be bullish and according to the
sentiment gauge on investing.com, 83% of China Liberals followers
think the stock price will go up. We remain bullish on CLEU an I
urge all of you to do your diligence or contact a financial advisor
in regards to the company. The last trade was on June 29th was
$4.67 which when you do the math reveals an extremely low Revenue
to share price multiple.
About China Liberal Education Holdings Limited; operates as a
holding company and through its multiple subsidiaries, focuses on
online teaching and learning, consulting and other educational
services. China Liberal Education Holdings serves customers and
students in China.
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