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Tag: Visionary Education Technology Holdings Group Inc.

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Visionary Education Technology Holdings Group Inc. Reports Fiscal Year 2022 Financial Results

MARKHAM, Canada, August 12, 2022 /PRNewswire/ -- Visionary Education Technology Holdings Group Inc. (the "Company") (Nasdaq: VEDU), a private education provider located in Canada that offers high-quality education resources to students around the globe, today announced its financial results for the fiscal year ended March 31, 2022. Fiscal Year 2022 Financial Highlights Revenues was $5.2 million in fiscal year 2022, compared to $7.7 million in fiscal year 2021. Gross profit margin was 49.8% in fiscal year 2022, compared to 55.2% in fiscal year 2021. Income from operations was $1.0 million in fiscal year 2022, compared to $3.7 million in fiscal year 2021. Net loss was $56,474 in fiscal year 2022, compared to net income of $2,913,646 in fiscal year 2021. Mr. David Xu, Chief Executive Of...