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 Officer and Chief Operating Officer of the Company, commented, “In fiscal year 2022, we have invested…