SHANGHAI, Jan. 12, 2021 /PRNewswire/ — Four Seasons Education (Cayman) Inc. (“Four Seasons Education” or the “Company”) (NYSE: FEDU), a leading Shanghai-based educational company dedicated to providing comprehensive after-school education services with a focus on high-quality math education, today announced its unaudited financial results for the third quarter fiscal year 2021, ended November 30, 2020.
Third Quarter Fiscal Year 2021 Financial and Operational Highlights
Revenue was RMB67.6 million (US$10.3 million), compared with RMB103.5 million in the same period of last year. Gross profit was RMB25.2 million (US$3.8 million), compared with RMB53.0 million in the same period of last year. Operating loss was RMB12.8 million (US$1.9 million), compared with operating income of RMB10.9 million in the same period of last year. Adjusted operating loss(1) (non-GAAP) was