Keypath Education International, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 23, 2024 at 06:22 pm EDT
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Keypath Education International, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 35.7 million compared to USD 32.87 million a year ago. Net loss was USD 2.55 million compared to USD 4.52 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the nine months, sales was USD 102.61 million compared to USD 91.55 million a year ago. Net loss was USD 7.41 million compared to USD 18.04 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.08 a year ago.
Keypath Education International, Inc. is a global education technology company. The Companyâs principal activity is online program management (OPM) primarily serving the postgraduate education market of traditional universities. It provides OPM, such as program design and development, marketing, management, student recruitment, student support, clinical placement services, faculty recruitment and additionally, the development and improvement of its KeypathEDGE data analytics platform to improve the experiences of universities and students alike. The Company enables universities in Australia, the United States, Canada, the United Kingdom, Malaysia, and Singapore to deliver technology-enabled online degrees and programs driven by market-demand. Through end-to-end technology and data-driven service, the Company and its subsidiaries partner with universities to design, launch, and grow online programs that deliver career-relevant skills to address global, social and economic challenges.