ATA Creativity Global (AACG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
ATA Creativity Global (ACG) reported a substantial increase in student enrollment and credit hours delivered, resulting in a 42.8% rise in net revenues for Q2 2024 compared to the prior year. Gross margin improved notably from 39.5% to 49.6%, with net losses narrowing as the company continues to expand its educational services. ACG is maintaining its full-year revenue guidance, anticipating a stronger performance in the second half of 2024.
For further insights into AACG stock, check out TipRanks’ Stock Analysis page.