Bright scholar announces unaudited financial results for the fourth fiscal quarter and fiscal year 2023

Foshan, china , nov. 27, 2023 /prnewswire/ -- bright scholar education holdings limited ("bright scholar," the "company," "we" or "our") (nyse: bedu), a global premier education service company, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended august 31, 2023. financial performance highlights fourth fiscal quarter ended august 31, 2023 financial highlights   (in comparison to the same period of the last fiscal year): rmb in millions except eps and % fourth fiscal quarter ended august 31, 2023 fourth fiscal quarter ended august 31, 2022 yoy % change revenue 559.8 402.9 38.9 % gross profit 109.1 82.3 32.5 % gross margin 19.5 % 20.4 % (0.9 %) operating loss (286.2) (602.9) 52.5 % operating margin (51.1 %) (149.6 %) 98.5 % net loss for the quarter (340.3) (643.5) 47.1 % adjusted gross profit (1) 112.8 86.3 30.7 % adjusted operating loss (2) (57.2) (50.3) (13.6 %) adjusted net loss (3) for the quarter (111.9) (91.8) (21.9 %) adjusted ebitda (4) for the quarter (43.7) (49.7) 12.0 % basic and diluted loss per share (2.90) (5.49) 47.2 % adjusted basic and diluted loss per share (5) for the quarter (0.98) (0.84) (16.7 %) basic and diluted loss per ads (11.60) (21.96) 47.2 % adjusted basic and diluted loss per ads (6) for the quarter (3.92) (3.36) (16.7 %)   fiscal year 2023 ended august 31, 2023 financial highlights   (in comparison to the last fiscal year): rmb in millions except eps and % fiscal year 2023 ended august 31, 2023 fiscal year 2022 ended august 31, 2022 yoy % change revenue 2,123.8 1,714.0 23.9 % gross profit 597.3 476.7 25.3 % gross margin 28.1 % 27.8 % 0.3 % operating loss (186.6) (606.5) 69.2 % operating margin (8.8 %) (35.4 %) 26.6 % net loss for the year (386.8) (703.5) 45.0 % adjusted gross profit (1) 612.2 494.5 23.8 % adjusted operating income/(loss) (2) 53.7 (40.9) 231.4 % adjusted net loss (3) for the year (149.4) (141.7) (5.5 %) adjusted ebitda (4) for the year 115.8 147.0 (21.2 %) basic and diluted loss per share (3.33) (5.98) 44.3 % adjusted basic and diluted loss per share (5) for the year (1.33) (1.24) (7.3 %) basic and diluted loss per ads (13.32) (23.92) 44.3 % adjusted basic and diluted loss per ads (6) for the year (5.32) (4.96) (7.3 %)   1.
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