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Gaotu Techedu Inc V.GSX.H


Primary Symbol: GOTU

Gaotu Techedu Inc, formerly GSX Techedu Inc, is a China-based holding company principally involved in the provision of technology-driven education services. Through its subsidiaries, the Company is engaged in the provision of online K-12 after-school tutoring services. It also offers foreign language, professional and interest courses. The Company conducts its businesses in Mainland China.


NYSE:GOTU - Post by User

Bullboard Posts
Comment by nelson11on Apr 16, 2014 6:58pm
109 Views
Post# 22460806

RE:Financials filed today for 2013 year end.

RE:Financials filed today for 2013 year end.From AnThese consolidated financial statements were approved by the Company’s board of directors on April 10, 2014. The consolidated financial statements were prepared on a going concern basis, which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The Company has significant negative cash flows from operations and no significant source of operating cash flows. In order to meet future expenditures and exploration costs, the Company will need to raise additional financing. Although the Company has been successful in obtaining financing to date, there can be no assurance that adequate funding will be available in the future, or available under terms favourable to the Company. In addition, the Company incurred a net loss of $4,017,271 for the year ended December 31, 2013 (2012 – $6,433,708) and an accumulated deficit of $11,958,104 (2012 – $7,940,833). These uncertainties cast significant doubt upon the Company’s ability to continue as a going concern.nual Dec Report.
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