{"id":526314,"date":"2021-08-10T16:33:34","date_gmt":"2021-08-10T20:33:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tian-ruixiang-holdings-ltd-reports-financial-results-for-the-six-months-ended-april-30-2021\/"},"modified":"2021-08-10T16:33:34","modified_gmt":"2021-08-10T20:33:34","slug":"tian-ruixiang-holdings-ltd-reports-financial-results-for-the-six-months-ended-april-30-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tian-ruixiang-holdings-ltd-reports-financial-results-for-the-six-months-ended-april-30-2021\/","title":{"rendered":"TIAN RUIXIANG Holdings Ltd Reports Financial Results for the Six Months Ended April 30, 2021"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BEIJING<\/span>, Aug. 10, 2021<\/span> \/PRNewswire\/ — TIAN RUIXIANG Holdings Ltd (Nasdaq:\u00a0TIRX<\/a>) (the “Company”), a\u00a0China-based insurance broker, announced today its unaudited financial results for the six months ended\u00a0April 30, 2021.<\/p>\n

Mr.\u00a0Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, “During the first half of the fiscal year 2021, we delivered significant growth as our revenue increased by 131.3% to $1.64 million<\/span>, compared to the same period of the fiscal year 2020. Driven by positive results from our marketing activities and continuous economic recovery from the COVID-19 pandemic in China<\/span>, we achieved our highest ever half year revenue. However, due to the increased professional fees related to the Company’s initial public offering, our net loss increased by 71.4% to $0.40 million<\/span> compared to the same period of the fiscal year 2020. Looking forward, we will continue to focus on customers’ needs, expand our core service offerings, improve operational efficiency, and strive to achieve sustainable and high-quality growth to create significant value for our shareholders.”<\/p>\n

\n First Half of Fiscal Year 2021 Financial Highlights<\/b>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n For the Six Months Ended April 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n ($ in millions, except per share data)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n % Change<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.64<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.71<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 131.3%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.08<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 95.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss from operations<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.46)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.37)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26.6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating margin<\/span>\n <\/p>\n<\/td>\n

\n

\n (28.4)%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (52.0)%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23.6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net loss\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.24)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 71.4%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss\u00a0per share<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.06)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.05)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20.0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n