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IoT in Education Market Growing at a CAGR 18.8% | Key Player Google, Oracle, Microsoft, Huawei, Samsung

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China Liberal Education Holdings Limited Reports Financial Results for the First Six Months of Fiscal Year 2020

  Revenue increased by 20.8% year-over-year to $2.27 million for the six months ended June 30, 2020 from $1.88 million for the same period last year. Gross profit decreased by 8.1% to $0.79 million for the six months ended June 30, 2020 from $0.86 million for the same period last year. Gross margins were 34.7% and 45.6% for the six months ended June 30, 2020 and 2019, respectively. Loss from operations was $0.11 million for the six months ended June 30, 2020, compared to income from operations of $0.19 million for the same period last year. Operating loss margin was 5.0% for the six months ended June 30, 2020, compared to operating profit margin of 10.1% for the same period last year. Net loss was $0.08 million for the six months ended June 30, 2020, compared to $0.14 million for the same period last year.

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