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Securities Fraud Investigation Into Barnes & Noble Education, Inc. (BNED) Continues – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
GlobeNewswire News Room· 2025-09-04 15:00
Core Viewpoint - Barnes & Noble Education, Inc. is under investigation for potential violations of federal securities laws following disclosures of financial misstatements and overstatements in accounts receivable [1][2][3] Financial Disclosures - On July 18, 2025, Barnes & Noble revealed a potential overstatement of up to $23.0 million in accounts receivable as of May 3, 2025, leading to a 21% drop in stock price [2] - On August 29, 2025, the company announced that its financial statements for the fiscal year ended April 27, 2024, through the quarter ended January 25, 2025, should no longer be relied upon due to issues related to revenue recognition and actions of a payment processing employee [3] Legal and Investor Actions - Glancy Prongay & Murray LLP is representing investors who may have lost money on Barnes & Noble's stock and is encouraging them to inquire about potential claims [2] - The law firm is also seeking whistleblowers with non-public information to aid in the investigation, offering rewards under the SEC Whistleblower Program [5]
Pearson Launches AI Literacy Modules to Help Instructors Teach Responsible AI Skills
Prnewswire· 2025-09-04 13:00
Core Insights - Pearson has launched new AI Literacy Modules aimed at equipping students with the skills to understand, use, and evaluate AI ethically and effectively, responding to the increasing demand for AI education in higher education and various industries [1][2]. Group 1: Product Launch Details - The AI Literacy Modules will be available in over 170 MyLab and Mastering courses across STEM, business, health professions, and humanities, designed to be short and student-friendly [2]. - Topics covered in the modules include validating AI-generated results and appropriately citing AI tool outputs, addressing the need for ethical AI education as identified by 98% of educators surveyed [2][3]. Group 2: Educational Impact - The modules are designed to help students absorb information in manageable segments, with clear definitions of jargon to enhance understanding [3]. - The initiative aims to guide students in the ethical use of AI, promoting academic integrity and preparing them for future careers [3]. Group 3: Recognition and Certification - Students completing the modules will earn Credly by Pearson badges, with a capstone badge awarded for completing all three modules, indicating proficiency in AI literacy [4]. - This launch is part of Pearson's broader AI learning ecosystem, which includes other credentials and certifications [4]. Group 4: Commitment to Responsible AI - Pearson emphasizes the responsible application of AI to enhance teaching and learning experiences, with over 80% of its products now being digital or digitally enabled [5]. - The application of generative AI is supported by learning science and vetted by subject matter experts, showing improved learning outcomes such as increased engagement and higher-order thinking [5].
EpicQuest Education to Present at the 27th H.C. Wainwright Global Investment Conference
Prnewswire· 2025-09-04 12:30
Core Viewpoint - EpicQuest Education Group International Limited is actively participating in the H.C. Wainwright 27th Annual Global Investment Conference, highlighting its commitment to international education solutions and strategic growth plans [1][2][4]. Group 1: Company Overview - EpicQuest Education provides comprehensive education solutions for both domestic and international students seeking university degrees in the US, Canada, and the UK [5]. - The company owns EduGlobal University in British Columbia, Canada, and operates Davis University in Toledo, Ohio, where it holds a 70% ownership stake [5]. - EpicQuest Education has established a recruiting relationship with Miami University Regional campuses and is a recruiting agent for the University of the West of Scotland and Coventry University in the UK [5]. Group 2: Strategic Growth Plan - The company's strategic growth plan focuses on internationalization, aiming to enhance globalized learning and international recruitment at its operated colleges [4]. - EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio to offer international educational programs related to kinesiology and recreation education [5]. - Additionally, the company formed SouthGilmore LLC in Ohio to organize sports-related entertainment projects, which is 40% owned by Gilmore [5]. Group 3: Conference Participation - The management team of EpicQuest Education will present virtually at the H.C. Wainwright conference from September 8-10, 2025, and will be available for one-on-one meetings with registered attendees [1][3]. - The presentation will be accessible on-demand through the conference portal and the company's website starting at 7:00 AM on September 8, 2025 [2].
Lincoln Educational Services (LINC) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-09-03 17:46
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - Lincoln Educational Services Corporation (LINC) is currently recommended as a growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for growth investors [9] Group 2: Earnings Growth - The historical EPS growth rate for Lincoln Educational Services is 1.8%, but projected EPS growth for this year is expected to be 34.8%, significantly surpassing the industry average of 15.8% [4] Group 3: Cash Flow Growth - Year-over-year cash flow growth for Lincoln Educational Services is currently at 41%, which is substantially higher than the industry average of 8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 22.9%, compared to the industry average of 10.5% [6] Group 4: Earnings Estimate Revisions - The current-year earnings estimates for Lincoln Educational Services have been revised upward, with the Zacks Consensus Estimate increasing by 4.9% over the past month [7] Group 5: Investment Potential - Lincoln Educational Services has achieved a Growth Score of A and a Zacks Rank 2 due to positive earnings estimate revisions, indicating it is a solid choice for growth investors [9]
Genius Group and Nuanu sign $14 million Share Purchase & Joint Venture Agreement, launching Genius City, Bali
GlobeNewswire News Room· 2025-09-02 12:00
Core Insights - Genius Group Limited has signed a Share Purchase and Joint Venture Agreement with Nuanu Creative City, valuing the partnership at $14 million, to launch Genius City in Bali [1][5] - The Genius City model focuses on lifelong learning centered around AI, Bitcoin, and community, with facilities for various educational stages and events [2][10] - The partnership aims to create a prototype for the Genius City model that can be replicated in other countries, with projected annual revenue exceeding $20 million and profit reaching $6 million within four years [6][10] Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.8 million users across over 100 countries, providing personalized AI pathways for individuals and organizations [14] - The company aims to integrate its Genius School model with existing educational frameworks in Nuanu, enhancing the curriculum for early learning through adult education [10][11] Nuanu Creative City - Nuanu Creative City spans 44 hectares in Bali and is designed to be a creative epicenter in Southeast Asia, featuring over 30 interconnected projects focused on education, art, culture, and wellness [3][15] - The city attracts over 4,000 daily visitors, including changemakers and artists, and includes notable landmarks such as Aurora Park and Luna Beach Club [4][3] Future Plans - Genius Group will present its full plan for the Genius School and Genius City models at the upcoming Genius Future Summit scheduled for October 2-3, 2025, in Bali [13]
Gaotu(GOTU) - 2025 Q2 - Earnings Call Transcript
2025-08-26 13:02
Financial Data and Key Metrics Changes - Revenue increased by 37.6% year over year to nearly CNY 1,400,000,000 [8] - Gross billings rose by 36.2% to approximately CNY 2,300,000,000 [8] - Net loss narrowed by 50.5% year over year on a non-GAAP basis [8] - Net operating cash inflow was CNY 588,800,000, an increase of CNY 202,600,000 from the same period last year [9] - Deferred revenue increased by 38.9% year over year to about CNY 2,200,000,000 [19] Business Line Data and Key Metrics Changes - Learning services contributed over 95% of net revenues, with academic tutoring services and traditional learning services accounting for over 85% of total revenues, representing a 50% year over year increase [21] - Non-academic tutoring services in both online and offline settings saw gross billings up by over 100% year over year, contributing nearly 40% of total revenues [22] - Educational services for college students and adults contributed over 10% of total revenues, with operating cash flow turning positive [26] Market Data and Key Metrics Changes - The number of students admitted to the top two universities in China from Gaotu's class of 2025 reached 267, marking five consecutive years of growth [25] - Referral rate surged by 75% compared to a year ago [25] Company Strategy and Development Direction - The company is deepening its investment in AI to enhance teaching models and technology infrastructure, aiming for personalized learning at scale [9][10] - A tri-teacher model has been introduced, integrating instructors, tutors, and AI companions to improve educational delivery [10] - The company is focused on building a lifelong learning services platform that is accessible and enjoyable for all [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future trajectory, citing a diverse educational product portfolio and evolving AI technology capabilities [16] - The company aims for a year-over-year revenue growth target of around 30%, with first half growth standing at approximately 47.3% [49] Other Important Information - The company has allocated nearly CNY 557,000,000 for share repurchases, demonstrating a commitment to long-term shareholder value [16] - The company is actively expanding into emerging traffic platforms and optimizing customer acquisition mechanisms [24] Q&A Session Summary Question: Update on offline centers development - Management reported that offline learning center revenue grew by more than 20% year over year, contributing over 5% of gross billings [35] - The offline business is leveraging in-person interaction to build trust and enhance customer loyalty [35][36] Question: Insights on summer enrollment and industry outlook - Management noted that summer enrollment exceeded expectations, with improved teaching quality leading to higher retention rates [44] - The company expects continued positive trends in customer acquisition efficiency and revenue growth for the third quarter [46][50]
Gaotu(GOTU) - 2025 Q2 - Earnings Call Transcript
2025-08-26 13:00
Financial Data and Key Metrics Changes - In Q2 2025, the company's revenue increased by 37.6% year over year to nearly CNY 1,400,000,000, with gross billings up by 36.2% to approximately CNY 2,300,000,000 [9][19] - The net loss was narrowed by 50.5% year over year on a non-GAAP basis, with a net operating cash inflow of CNY 588,800,000, an increase of CNY 202,600,000 from the same period last year [9][10] - Deferred revenue increased by 38.9% year over year to about CNY 2,200,000,000, providing a solid foundation for sustained future growth [20] Business Line Data and Key Metrics Changes - Learning services contributed over 95% of net revenues, with over 85% coming from academic tutoring services, which saw a 50% year-over-year increase [22] - Non-academic tutoring services in both online and offline settings delivered strong growth, with gross billings up by over 100% year over year, contributing nearly 40% of total revenues [23] - Educational services for college students and adults contributed over 10% of total revenues, with operating cash flow turning positive [26] Market Data and Key Metrics Changes - The referral rate surged by 75% compared to a year ago, indicating strong customer satisfaction and brand loyalty [26] - The number of students admitted to the top two universities in China from Gaotu's class of 2025 reached 267, marking five consecutive years of growth [26] Company Strategy and Development Direction - The company is deepening its investment in AI to enhance teaching models and technology infrastructure, aiming to empower personalized learning at scale [10][11] - A new tri-teacher model has been introduced, integrating instructors, tutors, and AI companions to improve educational delivery [11] - The company is focused on building a lifelong learning services platform that is accessible and enjoyable for all, with a comprehensive product portfolio [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future trajectory, citing a diverse educational product portfolio and rapidly evolving AI technology capabilities [17] - The company aims to deliver a best-in-class learning experience while creating long-term shareholder value and advancing social impact [18] - The guidance for total net revenues in 2025 is expected to be between CNY 1,578,000,000, representing an increase of 28.9% to 30.6% year over year [32] Other Important Information - The company has allocated nearly CNY 557,000,000 to repurchase approximately 25,000,000 ADS, demonstrating a commitment to long-term shareholder value [16] - The company is actively expanding into emerging traffic platforms and introducing innovative products to optimize customer acquisition mechanisms [23] Q&A Session Summary Question: Update on offline centers development - Management reported that offline learning center revenue grew by more than 20% year over year, contributing over 5% of gross billings this quarter, with strong customer loyalty and brand recognition driving growth [36][37][39] Question: Insights on summer enrollment and full-year growth outlook - Management highlighted that summer enrollment exceeded expectations, with improved teaching quality and retention rates contributing to strong performance. The company raised its revenue growth expectations for the full year based on strong first-half results [46][49][52]
EpicQuest Education Announces First Half Fiscal Year 2025 Financial Results
Prnewswire· 2025-08-21 21:00
Core Insights - EpicQuest Education Group International Limited reported a 29% increase in revenue for the first half of fiscal 2025 compared to the same period in the previous year, driven by the expansion of international programs [2][4] - The company achieved a gross margin improvement to 64% and reduced operating costs significantly, contributing to a notable decrease in operating loss and net loss [5][7][8] Financial Performance - Revenues for the first half of fiscal 2025 were $5.37 million, up from $4.16 million in the same period of fiscal 2024, marking a $1.21 million increase or 29.1% [4] - Gross profit increased to $3.42 million, a rise of $1.02 million or 42.5%, with costs of services rising only 10.8% [5] - Operating expenses decreased to $5.38 million, down $1.17 million or 17.9%, primarily due to a 22.9% reduction in general and administrative expenses [6] - The operating loss was reduced to $1.96 million, a decrease of $2.08 million or 52.7% compared to the prior year [7] - Net loss for the first half of fiscal 2025 was $0.16 million, significantly improved from a net loss of $3.52 million in the same period of fiscal 2024, representing a decrease of $3.36 million or 95.5% [8] Cash Flow and Liquidity - Net cash used in operating activities was $2.29 million, a significant reduction from $10.1 million in the same period of the previous year [11] - Net cash provided by investing activities was $1.50 million, up from $0.75 million in the prior year, attributed to proceeds from the sale of real estate properties [12] - As of March 31, 2025, the company had $0.33 million in cash and cash equivalents, a decrease of 71.3% from $1.15 million as of September 30, 2024 [10] Strategic Initiatives - The company is expanding its global recruitment initiatives, particularly in China, Southeast Asia, LATAM, Africa, and the Middle East [3] - EpicQuest Education continues to strengthen its partnerships with prestigious universities worldwide, enhancing its internationalization strategy [3]
New Pearson Data Shows Connections Academy High School Students Using AI Study Tools Achieve Higher Grades and Pass Rates
Prnewswire· 2025-08-20 13:00
Core Insights - The integration of AI study tools in high school education has led to improved academic performance among students, prompting a reevaluation of study habits [1][3][7] Group 1: AI Study Tool Implementation - Pearson's AI study tool was utilized by nearly 6,500 high school students during the 2024-2025 school year, specifically in Biology and World History courses [2][8] - The tool provides step-by-step guidance on practice test questions, breaking down complex problems and encouraging deeper understanding through follow-up questions [4][6] Group 2: Academic Outcomes - Biology students using the AI tools experienced an 11% increase in end-of-semester passing rates and a 5% boost in final course scores [8] - World History students saw a 7% rise in passing rates and a 5% increase in final scores when utilizing the AI tools [8] Group 3: Future Plans and Commitment - Pearson plans to expand the AI study tool's availability for the 2025-2026 school year to include middle and high school Algebra, with additional courses to be added as they are validated [5] - The company emphasizes the responsible application of AI to enhance educational experiences, backed by learning science and subject matter expertise [7][10]
3 Reasons Why Growth Investors Shouldn't Overlook Lincoln Educational Services (LINC)
ZACKS· 2025-08-18 17:46
Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Lincoln Educational Services Corporation (LINC) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - The historical EPS growth rate for Lincoln Educational Services is 1.8%, but projected EPS growth for this year is expected to be 19.6%, surpassing the industry average of 15.2% [5]. Group 2: Cash Flow Growth - Lincoln Educational Services has a year-over-year cash flow growth of 41%, significantly higher than the industry average of 8% [6]. - The company's annualized cash flow growth rate over the past 3-5 years is 22.9%, compared to the industry average of 10.5% [7]. Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Lincoln Educational Services have been revised upward, with the Zacks Consensus Estimate increasing by 4.9% over the past month [9]. Group 4: Overall Assessment - Lincoln Educational Services holds a Zacks Rank of 2 (Buy) and a Growth Score of A, indicating its potential as a strong growth investment [10][11].