Core Insights - 51 Talk Online Education reported a second quarter earnings per share of -18 cents [1] - The company's revenue for the second quarter was $10.96 million [1] Financial Performance - Earnings per share: -18 cents [1] - Revenue: $10.96 million [1]

Financial Data and Key Metrics Changes - In Q2 2024, net revenues reached US$11 million, representing a 75.1% increase year-over-year, primarily driven by an increase in active students and lesson consumption [7] - Gross margin for Q2 was 78.1%, while gross billings grew by 61.3% to US$15.9 million compared to the same quarter last year [7] - Operating expenses for Q2 totaled US$11 million, a 39.7% increase year-over-year, with sales and marketing expenses rising by 43.6% to US$7.3 million [8] - The overall operating loss for Q2 was US$2.4 million, and the net loss was US$1.3 million, reflecting an 18.1% and 56.5% decrease from the same quarter last year, respectively [8] Business Line Data and Key Metrics Changes - The increase in revenues was largely attributed to the growth in active students and lesson consumption, indicating a positive trend in customer engagement [7] Market Data and Key Metrics Changes - The company is expanding into new markets, including Southeast Asia, Japan, and the Middle East, leveraging AI technology to enhance the learning experience [12][15] Company Strategy and Development Direction - The company's strategy focuses on global expansion tailored to local needs, supported by AI technology to improve efficiency and customer experience [6] - The aim is to drive higher retention rates and customer referrals through targeted investments [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained growth momentum, with Q3 guidance indicating expected gross billings between US$17 million and US$18 million [9] - The management believes that the market size outside of China is at least as large as the Chinese market, with less competition in developing countries [15] Other Important Information - The total cash, cash equivalents, and time deposits were US$21 million at the end of Q2, with total balances including third-party payment deposits reaching US$24.2 million [8] Q&A Session Summary Question: Inquiry about new market strategies and AI usage - Management confirmed that they are entering new markets such as Southeast Asia, Japan, and the Middle East, utilizing Filipino tutors and AI technology to enhance lesson interactivity and personalization [12] Question: Market size comparison with China - Management expressed confidence that the market size outside of China is comparable or larger than the Chinese market, citing population and economic scale as key factors [15]

Core Viewpoint - 51Talk Online Education Group reported strong financial growth in the second quarter of 2024, with significant increases in gross billings, net revenues, and active student numbers, indicating a positive trajectory for the company's operations and market position [2][3][6]. Financial Performance - Gross billings for Q2 2024 were US$15.9 million, reflecting a 61.3% increase from US$9.8 million in Q2 2023 [3][6]. - Net revenues reached US$11.0 million, a 75.1% increase from US$6.3 million in the same quarter last year [2][3]. - The number of active students with attended lesson consumption was approximately 54,400, representing an 83.2% increase from approximately 29,700 in Q2 2023 [2][3]. Profitability Metrics - Gross profit for Q2 2024 was US$8.6 million, a 74.5% increase from US$4.9 million in Q2 2023 [7]. - Gross margin for Q2 2024 was 78.1%, slightly down from 78.4% in the same quarter last year [3][7]. Operating Expenses - Total operating expenses for Q2 2024 were US$11.0 million, a 39.7% increase from US$7.9 million in Q2 2023, primarily due to increased sales and marketing expenses [8]. - Sales and marketing expenses rose to US$7.3 million, a 43.6% increase from US$5.1 million in the same quarter last year [8]. Loss from Operations - The operating loss for Q2 2024 was US$2.4 million, an improvement from the operating loss of US$3.0 million in Q2 2023 [10]. - Net loss attributable to the Company's ordinary shareholders for Q2 2024 was US$1.2 million, compared to a net loss of US$2.9 million in the same quarter last year [10][11]. Balance Sheet Highlights - As of June 30, 2024, the Company had total cash, cash equivalents, and time deposits of US$21.0 million, down from US$23.4 million as of December 31, 2023 [13]. - Advances from students increased to US$34.5 million as of June 30, 2024, compared to US$27.2 million as of December 31, 2023 [14]. Future Outlook - For Q3 2024, the Company expects net gross billings to be between US$17.0 million and US$18.0 million, indicating a sequential growth of 7.2% to 13.5% [15].

Group 1 - The company, 51Talk Online Education Group, will report its unaudited financial results for the second quarter ended June 30, 2024, on August 23, 2024, before the U.S. market opens [1] - An earnings conference call is scheduled for 8:00 a.m. U.S. Eastern Time on August 23, 2024, which will also be available in Singapore/Beijing/Hong Kong time at 8:00 p.m. [1] - A live and archived webcast of the conference call will be accessible on the company's investor relations website [2] Group 2 - 51Talk is a global online education platform specializing in English education, aiming to make quality education accessible and affordable [3] - The company's platforms allow students to take live interactive English lessons on demand, connecting them with a large pool of qualified teachers [3] - The company utilizes student and teacher feedback along with data analytics to provide a personalized learning experience [3]

51Talk Online Education Group (NYSE:COE) Q1 2024 Earnings Conference Call June 12, 2024 8:00 AM ET Company Participants David Chung - Investor Relations Vice President Jack Huang - Founder, Chairman and Chief Executive Officer Cindy Tang - Chief Financial Officer Conference Call Participants Operator Hello, ladies and gentlemen. Thank you for standing by for 51Talk's Online Education Group's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Today's confer ...

SINGAPORE, June 12, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the first quarter ended March 31, 2024.First Quarter 2024 Financial and Operating HighlightsGross billings[1] for the first quarter of 2024 were US$12.6 million, a 55.6% growth from the first quarter of 2023.Net revenues were US$9.4 million for the first quarter of 2024, a 70.1 ...

Earnings Call Scheduled for 8:00 a.m. EST on June 12, 2024SINGAPORE, June 10, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk", or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024 on Wednesday, June 12, 2024, before the open of U.S. markets.The Company's management will host an earnings conference call at 8:00 a.m. U.S. Ea ...

SINGAPORE, May 31, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE American: COE), a global online education platform with core expertise in English education, announced today that its board of directors (the "Board") has appointed Mr. Jimmy Lai as an independent director, effective June 1, 2024. Mr. Jimmy Lai will also serve as a member and chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating a ...

SINGAPORE, April 29, 2024 /PRNewswire/ -- 51Talk Online Education Group ("51Talk" or the "Company") (NYSE: COE), a global online education platform with core expertise in English education, announced  that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 29, 2024. The annual report can be accessed on the Company's investor relations website at http://ir.51talk.com/ as well as the SEC's website at http://www.sec.g ...

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 12(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, 2023 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 SECURITIE ...