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Tag: Visionary Education Technology Holdings Group Inc.

Visionary Education Technology Holdings Group Inc. Reports Fiscal Year 2022 Financial Results
Science

Visionary Education Technology Holdings Group Inc. Reports Fiscal Year 2022 Financial Results

MARKHAM, Canada, August 12, 2022 /PRNewswire/ -- Visionary Education Technology Holdings Group Inc. (the "Company") (Nasdaq: VEDU), a private education provider located in Canada that offers high-quality education resources to students around the globe, today announced its financial results for the fiscal year ended March 31, 2022. Fiscal Year 2022 Financial Highlights Revenues was $5.2 million in fiscal year 2022, compared to $7.7 million in fiscal year 2021. Gross profit margin was 49.8% in fiscal year 2022, compared to 55.2% in fiscal year 2021. Income from operations was $1.0 million in fiscal year 2022, compared to $3.7 million in fiscal year 2021. Net loss was $56,474 in fiscal year 2022, compared to net income of $2,913,646 in fiscal year 2021. Mr. David Xu, Chief Executive Offic...
Visionary Education Technology Holdings Group Inc.
Science

Visionary Education Technology Holdings Group Inc.

Markham, Ontario, May 16, 2022 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the “Company”), a private education provider located in Canada that offers high-quality education resources to students around the globe, today announced the pricing of its initial public offering (the “Offering”) of 4,250,000 common shares at a public offering price of US$4.00 per common share. The common shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on May 17, 2022 under the ticker symbol “VEDU.” The Company expects to receive aggregate gross proceeds of US$17 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option t...