Jun. 12 at 3:44 PM
$COE Q1 results prove the international pivot is a massive success! 🚀 Gross billings hit
$33.3M, crushing the top-end of management’s own guidance (
$29M-
$31M) and surging +51.9% YoY in normally weak Ramadan Q.
Active students up +63.9% to nearly 133k, showing incredible momentum in the Middle East & SE Asia. Massive Gross Margins holding strong at 73.7% while operating losses narrowed sequentially.
With Q2 billings guided even higher (
$36M-
$38M) and a
$35.5M cash fortress protecting the floor, it’s clear why the CEO was aggressively loading up on shares all through April and May. The valuation gap here is real. Bullish! 📈
