Ambow Education Holding Ltd. (AMBO)

Ambow Education Holding Income Statement

Financials in millions CNY. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	9.16	9.16	14.84	17.82	120.18	583.91
Revenue Growth (YoY)	-38.25%	-38.25%	-16.70%	-85.17%	-79.42%	9.86%
Cost of Revenue	6.67	6.67	14.56	15.39	105.52	388.89
Gross Profit	2.49	2.49	0.28	2.42	14.66	195.02
Selling, General & Admin	6.32	6.32	10.2	11.19	60.24	250.14
Research & Development	0.48	0.48	0	0	0	3.79
Other Operating Expenses	0	0	0.66	0	6.6	38.75
Operating Expenses	6.8	6.8	10.86	11.19	66.84	292.69
Operating Income	-4.31	-4.31	-10.57	-8.77	-52.18	-97.67
Interest Expense / Income	0.06	0.06	0.1	-0.24	-0.95	0
Other Expense / Income	-1.2	-1.2	3.87	-8.18	17.66	-10.65
Pretax Income	-3.16	-3.16	-14.54	-0.35	-68.89	-87.02
Income Tax	0.01	0.01	0	-0.51	-3.64	12.92
Net Income	-3.18	-3.18	-14.54	0.16	-65.25	-99.94
Shares Outstanding (Basic)	56	56	49	47	44	44
Shares Outstanding (Diluted)	56	56	49	47	44	44
Shares Change	13.90%	13.90%	6.01%	5.14%	1.99%	4.40%
EPS (Basic)	-1.20	-1.20	-5.80	0.20	-28.20	-46.00
EPS (Diluted)	-1.20	-1.20	-5.80	0.20	-28.20	-46.00
Free Cash Flow	-0.29	-0.29	-9.25	-2.48	4.56	-26.97
Free Cash Flow Per Share	-0.10	-0.10	-3.74	-1.06	2.06	-12.40
Gross Margin	27.22%	27.22%	1.91%	13.60%	12.19%	33.40%
Operating Margin	-46.98%	-46.98%	-71.23%	-49.23%	-43.42%	-16.73%
Profit Margin	-34.65%	-34.65%	-98.00%	0.88%	-54.30%	-17.12%
Free Cash Flow Margin	-3.16%	-3.16%	-62.32%	-13.92%	3.79%	-4.62%
EBITDA	-1.01	-1.01	-10.7	3.18	-45.05	-29.66
EBITDA Margin	-11.02%	-11.02%	-72.08%	17.85%	-37.48%	-5.08%
Depreciation & Amortization	2.09	2.09	3.75	3.77	24.79	57.36
EBIT	-3.1	-3.1	-14.44	-0.59	-69.84	-87.02
EBIT Margin	-33.88%	-33.88%	-97.32%	-3.29%	-58.11%	-14.90%

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).