Gaotu Techedu Inc (GOTU)

[LINK Oracle]

GOTU T/A breakout before 2PM EST today per the chart.

[LINK Oracle]

Chart says next leg to $3.75 range starting now and $4s plus Monday

[Frankestin]

it seems they want to get over the 30s!
becomes interesting

[02opida]

morning GOTU

[LINK Oracle]

GOTU quietly moving up and about to cross the 50MA in the next day or two. This will return to $10 very soon with them increasing 35% YOY as presented the other day. Buying the $3.50 OCT15

[Frankestin]

https://files.genshuixue.com/1544314945_2vdzma10.pdf

[Frankestin]

Net revenues was RMB2,232.3 million, a 35.3% year-over-year increase.
Net revenues of online K-12 courses increased 51.0% year-over-year to RMB2,091.4 million.
Gross billings[2] was RMB2,694.7 million, a 12.2% year-over-year increase.
Gross billings of online K-12 courses increased 17.2% year-over-year to RMB2,574.5 million.
Paid course enrollments[3] increased 4.1% year-over-year to 1,631 thousand.
Paid course enrollments of online K-12 increased 4.5% year-over-year to 1,563 thousand.
Net loss was RMB918.8 million, compared with net income of RMB18.6 million in the same period of 2020.
Non-GAAP net loss was RMB763.9 million, compared with non-GAAP net income of RMB72.7 million in the same period of 2020.
Deferred revenue was RMB1,976.4 million, compared with RMB2,733.7 million as of December 31, 2020.
Second Quarter 2021 Key Financial and Operating Data

(In thousands of RMB, except for paid course enrollments and percentages)



Three Months Ended June 30,


2020 2021
Pct. Change Net revenues
1,650,314 2,232,254
35.3%

K-12 courses
1,384,968 2,091,355
51.0%

Foreign language, professional, admission and
other services

265,346 140,899
(46.9%)

Gross billings

2,400,996 2,694,732
12.2%

K-12 courses

2,196,077 2,574,536
17.2%

Foreign language, professional, admission and
other services

204,919 120,196
(41.3%)

Paid course enrollments (In thousands)

1,567 1,631
4.1%

K-12 courses
1,496 1,563
4.5%

Foreign language, professional, admission and
other services
71 68
(4.2)%

Net income (loss)
18,627 (918,791)

NM
Non-GAAP net income (loss)
72,712 (763,890)

[Frankestin]

In the second quarter of 2021, our revenue has reached a record high of RMB 2.232 billion.

Selling expenses margin in the quarter has also substantially dropped and has reverted to a similar low level that we recorded a year ago, and we have entirely stopped new fee advertising spending since mid-May this year. As you all know, the education industry has experienced some changes over the past few months. However, as the saying goes, we will begin with the end in mind when setting our strategy. We will always remain committed to our original aspiration of quality education, and we will seek to provide authentic educational services.

In the meantime, we have actively shouldered our social responsibility at our education company. Ever since May, we have successfully collaborated with multiple nonprofit organization, including the China Charity's Aid Foundation for Children, the China Youth Development Foundation and the China Next Generation Education Foundation, and the Henan Normal University by donating cash or free courses to aid the revitalization of rural area education and supporting the goal of providing equal access to education for all. To actively respond to the nation's call, we had recently and rapidly adopted the organizational structure of our company to focus on professional education and STEAM education. And we are further exploring opportunities related to digital products and vocational education.

First, we will continue to expand our investments in our existing professional education segments, such as financial certificate and the public office exam preparation, while constantly exploring more professional education portfolio opportunities, such as post-graduate exam preparation and overseas studies preparation, among which some have already achieved a better-than-industry average online. We aim to establish a diversified professional education portfolio with multiple segments. Secondly, we have also increased our investments in our STEAM education segment, which is developing rapidly. Take programming as an example.

Just in July 2021, the conversion rate from trial classes to regular price for courses exceeded 30%. Thirdly, we are simultaneously exploring new opportunities in various products and vocational education, continuing to reinforce the positive effect, technology and education content, and education tools and expanding our footprint across the education sector. We firmly believe that the education market in China will continue to grow steadily. We also firmly believe that the current education firm will play a very important role in the education.

We are confident that our company will live up to our responsibilities and mission. Since spring, we have made numerous breakthroughs in the K-12 area, including streamlining higher industry supply chain, refining the standard procedures, training experts, teachers at scale, constructing effective services, and improving operational efficiencies, all of which helped us accumulate a great deal of insight and expertise. We now plan to replicate this insight and expertise to STEAM education, professional education, and vocational education. And we sincerely hope that we can soon return to the profitable growth trajectory that we saw back in 2019.

As many of you know, our company experienced a severe cash shortage in 2016 and 2017 and almost went bankrupt. We call it the darkest moment internally. But it was exactly and that pressure that we came together as a united and effective team with tremendous, coherent and the best execution to build a miraculous business that generated rapid revenue growth and growing profitability over seven consecutive quarters. If 2014 was our first time as a start-up and 2015 was our second start, then we can say that 2021 is our third start.

As someone who has worked in the education industry for 33 years, I believe we should always have love for our family and our country, always keep the end goal of education in mind, always firmly believe that education is a noble profession and always have faith that the future ahead is bright, both for our industry and our society. Now I will pass the call over to our CFO, Shannon, to walk you through our financial and operational details.

[JackAskSlap]

Man what did you get yourself into ?!

Shoulda never left the sewers..

Holler when it’s ready

[Asamu]

get on stocktwits $GOTU this chat is dead.

[02opida]

BEIJING, Sept. 15, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class tutoring service provider in China, today announced that it will report its financial results for the second quarter ended June 30, 2021, before U.S. markets open on September 22, 2021.

[TradeSmart.ai]

She ready yet? $GOTU

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20gotu&TimeRange=365&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=100&Indicator1=AccDist&Indicator2=StochRSI&Indicator3=CMF&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[Frankestin]

Shorts still firmly in command!
No Regular

[The Night Stalker]

looks gud

[Frankestin]

Will he be able to pass 3.3?
above 3.3 could the spiral of violence occur?

[Frankestin]

Is this also a technical rebound?
when will the earnings say?

[Marketwise]

RSI appears to be in oversold territory right now and stock due for a bounce but we shall see how week unfolds. If I am mistaken (and could very likely be the case) and ER is already out then will look for another catalyst to possibly lift share price out of current oversold territory.

[Marketwise]

ER out soon. Chart does look bullish but we shall see how the earnings release goes.

[ttottip]

The $3's on the horizon today?

[02opida]

good pitch Frankestin

[Frankestin]

I threw a little bit on it

[02opida]

Stock Futures Point to S&P 500 Notching New Record

[02opida]

morning GOTU'ers

[02opida]

The Company's compliance with the Beijing Measures will have a material adverse impact on its business, results of operations and financial condition. Specifically, in compliance with the Beijing Measures, the Company has stopped and will stop offering online Academic AST classes over weekends, national holidays and school break periods.

[02opida]

With respect to after-school tutoring services, among other things, the Beijing Measures contain the following provisions:

Previously registered online providers of after-school tutoring services on academic subjects in China's compulsory education system ("Academic AST") will be subject to review and re-registration, and the registration and ICP license of any unqualified online Academic AST providers will be rescinded.
After-school tutoring providers are strictly prohibited from providing Academic AST during any national holiday, weekend, winter and summer break period; Online Academic AST classes cannot be offered after 9:00 p.m. during weekdays.
Academic AST providers are prohibited from (i) offering classes over contents outside of or in advance of the school curriculum, (ii) offering classes based on any foreign curriculum, (iii) soliciting and recruiting school teachers by offering excessive compensation, or (iv) employing foreign personnel to carry out training activities from overseas. Non-Academic AST providers are prohibited from offering Academic AST classes.
Prices for Academic AST will need to follow the guidelines from the government to prevent "any excessive charging or excessive profit-seeking activity."
Academic AST providers are prohibited from financing by way of listing its securities or conducting other capital market activities; listed companies may not invest in Academic AST providers through capital markets fundraising activities, and may not acquire assets of Academic AST providers by paying cash or issuing securities; foreign capital is prohibited from controlling or participating in Academic AST providers through mergers and acquisitions, entrusted operations, joining franchises, using variable interest entities or other structures.
Enhancing oversight of AST advertising, including restricting the channels for deploying AST advertisements.
Institutions providing after-school tutoring services on academic subjects in high schools (which do not fall within China's compulsory education system) will be supervised in accordance with relevant national regulations and local regulations of Beijing.

[02opida]

2021-08-18 21:03 ET - News Release

BEIJING, Aug. 19, 2021 /PRNewswire/ -- Gaotu Techedu Inc. ("Gaotu" or the "Company") (NYSE: GOTU), a leading online large-class after-school tutoring service provider in China, announced that the Beijing Municipal Committee of the Communist Party of China and the Beijing Municipality Government jointly issued the "Beijing Municipality's Measures to Further Reduce the Burden of Homework and After-School Tutoring on Students in Compulsory Education in Beijing" (the "Beijing Measures") on August 14, 2021, and published the full text of the Beijing Measures on August 18, 2021. The Beijing Measures were adopted to implement the Opinions on Further Alleviating the Burden of Homework and After-School Tutoring for Students in Compulsory Education, published in July 2021 by the General Office of the CPC Central Committee and the General Office of the State Council of the PRC, and aim to ensure that "the excessive burden upon students from school homework and after-school tutoring, the education expenditures from their families and the burden on their parents' energy will be effectively reduced by the end of 2021, with significant impact achieved within two years.

[02opida]

Gaotu Techedu Inc. Provides Update on Regulatory Development

[02opida]

About Gaotu Techedu Inc.

Gaotu is a technology-driven education company and online large-class after-school tutoring service provider in China. The Company offers foreign language, professional and admission courses, and also offers K-12 courses covering all primary and secondary grades through the brand Gaotu K12. Gaotu adopts an online live large-class format to deliver its courses, which the Company believes is the most effective and scalable model to disseminate scarce high-quality teaching resources to aspiring students in China. Big data analytics permeates each aspect of the Company's business and facilitates the application of the latest technology to improve teaching delivery, student learning experience, and operational efficiency.

[02opida]

GOTU

[02opida]

Gaotu Techedu

[TradeSmart.ai]

Welp! If it gets back up there I Aiight gonna complain!!! Lmao $GOTU

[TruckingAngler]

Pitty those who bought GOTU $140+ only 4-5mo ago...

[TradeSmart.ai]

She’s moving $GOTU

[TradeSmart.ai]

Watching this gem this week, amazing pincher chart potential here. $GOTU