Skillful Craftsman Education Technology ( (EDTK) ) has released a notification of late filing.
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Skillful Craftsman Education Technology Limited has filed a Form 12b-25 to notify the delay in submitting its Form 20-F (Yearly Report) for the financial period ending March 31, 2025. The delay is primarily due to the additional time needed to complete the preparation of financial statements, which could not be accomplished without unreasonable effort or expense. The company expects to file the report on or before the fifteenth calendar day following the prescribed due date. The company anticipates significant changes in its financial results, including a 49% decrease in revenue from $1.99 million in 2024 to $1.02 million in 2025, primarily due to a 94% drop in online education services revenue. This decline is attributed to intensified competition and the availability of free courses in the vocational education market in China. The company is committed to ongoing compliance efforts, as indicated by the signature of Bin Fu, the Chief Executive Officer and Chairman of the Board of Directors.
More about Skillful Craftsman Education Technology
Average Trading Volume: 7,431
Technical Sentiment Signal: Sell
Current Market Cap: $15.45M
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