iCollege Ltd. (AU:NXD) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
iCollege Ltd., an educational services provider, has reported a significant decline in profits, with a net loss of $31.2 million, a stark contrast to the previous year’s $3.6 million profit. This downturn is partly attributed to a $28.9 million impairment charge due to anticipated impacts of federal policy changes on international student numbers. Despite higher revenues of $111.4 million, the company faces challenges with decreased operating cash flows and a 25% drop in contract liabilities.
For further insights into AU:NXD stock, check out TipRanks’ Stock Analysis page.