Wah Fu Education Group (WAFU) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Wah Fu Education Group Ltd., an online education service provider, reported a significant decline in financial results for the first half of FY2024, with a 33.1% decrease in revenue and a 26% drop in gross profit compared to the same period last year. The downturn was attributed to reduced revenue from one of their course offerings, leading to a sharper decline in operating income and net income. Despite these challenges, the company still managed to generate a net income of $0.13 million and maintained a cash reserve of $11.42 million as of September 30, 2023.
For further insights into WAFU stock, check out TipRanks’ Stock Analysis page.
