American Education Center, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 02:26 pm EST
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American Education Center, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 865 compared to USD 1.564 million a year ago. Operating loss was USD 1.432 million compared to USD 385,588 a year ago. Net loss was USD 1.168 million compared to USD 278,455 a year ago. Basic loss per share was USD 0.02. For the nine months, sales was USD 277,047 compared to USD 4.704 million a year ago. Operating loss was USD 2.821 million compared to USD 667,611 a year ago. Net loss was USD 2.192 million compared to USD 360,510 a year ago. Basic loss per share was USD 0.04 compared to USD 0.01 a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago.
American Education Center, Inc. is engaged in providing education-related consulting services. The Company operates through two segments: American Education Center, Inc. (AEC New York) and AEC Management Ltd. (AEC BVI). The AEC New York delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States. Its advisory services include language training, college admission advisory, on-campus advisory, internship and start-up advisory, as well as student and family services. The AEC BVI, though AEC Southern Shenzhen and Zhongwei, delivers customized high school and college placement and Career Advisory Services to Chinese students wishing to study in the United States through businesses referred by AEC New York to AEC Southern Shenzhen. Its career advisory services include its internship advisory program and its start-up advisory program.
AMERICAN EDUCATION CENTER, INC. 
