Skillful Craftsman Education Technology Ltd

$EDTK Market Cap: $15.45 Million

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Financial Snapshot

Revenue

$13.32M

TTM

Gross Margin

-108.62%

TTM

Net Earnings

-$25.63M

TTM

Current Assets

$18.87M

Q1 2024

Current Liabilities

$1.574M

Q1 2024

Current Ratio

1199.16%

Q1 2024

Total Assets

$36.32M

Q1 2024

Total Liabilities

$14.82M

Q1 2024

Book Value

$21.50M

Q1 2024

Cash

$17.83M

Q1 2024

P/E

-0.6029

Oct 16, 2024 EST

Free Cash Flow

-$3.115M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018
Revenue	$1.999M	$11.32M	$23.05M	$29.17M	$28.60M	$24.67M	$14.91M
YoY Change	-82.35%	-50.87%	-20.97%	1.99%	15.93%	65.46%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018
Revenue	$1.999M	$11.32M	$23.05M	$29.17M	$28.60M	$24.67M	$14.91M
Cost Of Revenue	$1.830M	$27.30M	$17.67M	$14.71M	$11.80M	$9.460M	$4.720M
Gross Profit	$169.4K	-$15.98M	$5.377M	$14.46M	$16.80M	$15.21M	$10.20M
Gross Profit Margin	8.47%	-141.09%	23.33%	49.56%	58.74%	61.65%	68.41%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$2.186M	$4.124M	$5.905M	$5.462M	$3.540M	$3.710M	$2.230M
YoY Change	-46.99%	-30.17%	8.13%	54.28%	-4.58%	66.37%
% of Gross Profit	1290.65%		109.82%	37.78%	21.07%	24.39%	21.86%
Research & Development	$0.00
YoY Change
% of Gross Profit	0.0%
Depreciation & Amortization	$21.01K	$4.034M	$11.96M	$10.34M	$9.000M	$7.240M	$4.390M
YoY Change	-99.48%	-66.27%	15.63%	14.9%	24.31%	64.92%
% of Gross Profit	12.41%		222.36%	71.53%	53.57%	47.6%	43.04%
Operating Expenses	$2.186M	$4.124M	$5.939M	$5.462M	$3.560M	$3.730M	$2.250M
YoY Change	-46.99%	-30.56%	8.74%	53.42%	-4.56%	65.78%
Operating Profit	-$2.017M	-$20.10M	-$561.4K	$8.995M	$13.24M	$11.48M	$7.950M
YoY Change	-89.97%	3480.56%	-106.24%	-32.07%	15.33%	44.4%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018
Interest Expense	$794.4K	$819.2K	-$246.9K	$58.95K	$70.00K	$90.00K	$80.00K
YoY Change	-3.04%	-431.78%	-518.86%	-15.79%	-22.22%	12.5%
% of Operating Profit				0.66%	0.53%	0.78%	1.01%
Other Income/Expense, Net	$739.3K	$145.8K	$237.5K	$360.6K	$0.00
YoY Change	406.95%	-38.6%	-34.14%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018
Pretax Income	-$4.749M	-$20.48M	-$791.7K	$6.977M	$13.31M	$11.57M	$8.010M
YoY Change	-76.81%	2487.45%	-111.35%	-47.58%	15.04%	44.44%
Income Tax	-$27.27K	$422.9K	$608.6K	$3.479M	$3.340M	$2.890M	$2.000M
% Of Pretax Income				49.87%	25.09%	24.98%	24.97%
Net Earnings	-$4.722M	-$20.91M	-$1.400M	$3.498M	$9.980M	$8.680M	$6.010M
YoY Change	-77.41%	1393.05%	-140.03%	-64.95%	14.98%	44.43%
Net Earnings / Revenue	-236.22%	-184.63%	-6.07%	11.99%	34.9%	35.18%	40.31%
Basic Earnings Per Share	-$0.31	-$1.40	-$0.10	$0.32
Diluted Earnings Per Share	-$0.31	-$1.40	-$102.3K	$317.1K	$801.6K	$697.2K	$482.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$17.83M	$22.90M	$25.57M	$17.45M	$11.93M	$10.36M	$4.900M
YoY Change	-22.13%	-10.43%	46.49%	46.3%	15.15%	111.43%
Cash & Equivalents
Short-Term Investments		$1.902M	$1.733M
Other Short-Term Assets	$1.001M	$1.137M	$1.672M	$1.785M	$1.960M	$900.0K	$0.00
YoY Change	-11.97%	-32.0%	-6.32%	-8.95%	117.78%
Inventory
Prepaid Expenses
Receivables	$7.340K	$458.1K	$252.2K	$83.98K	$80.00K	$450.0K	$170.0K
Other Receivables	$33.75K	$34.82K	$33.05K	$5.713M	$0.00	$0.00	$0.00
Total Short-Term Assets	$18.87M	$24.53M	$27.52M	$25.04M	$13.97M	$11.72M	$5.070M
YoY Change	-23.06%	-10.88%	9.94%	79.21%	19.2%	131.16%
Property, Plant & Equipment	$54.43K	$254.1K	$10.70M	$13.73M	$12.32M	$14.02M	$1.060M
YoY Change	-78.58%	-97.62%	-22.05%	11.41%	-12.13%	1222.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$17.39M	$14.30M	$14.96M
YoY Change	21.66%	-4.41%
Other Assets			$0.00	$28.41K	$100.0K
YoY Change			-100.0%	-71.59%
Total Long-Term Assets	$17.45M	$19.11M	$45.57M	$34.17M	$31.72M	$31.82M	$24.98M
YoY Change	-8.71%	-58.06%	33.36%	7.73%	-0.31%	27.38%
Total Assets	$36.32M	$43.64M	$73.09M	$59.21M	$45.69M	$43.54M	$30.05M
YoY Change
Accounts Payable		$21.89K	$77.27K	$113.7K	$250.0K	$10.00K	$6.040M
YoY Change		-71.67%	-32.05%	-54.52%	2400.0%	-99.83%
Accrued Expenses	$1.212M	$1.284M	$861.6K	$1.052M	$230.0K	$150.0K	$90.00K
YoY Change	-5.61%	48.98%	-18.1%	357.36%	53.33%	66.67%
Deferred Revenue
YoY Change
Short-Term Debt	$52.94K	$54.59K	$46.65K	$257.0K	$0.00	$0.00	$1.590M
YoY Change	-3.02%	17.02%	-81.85%			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.574M	$3.004M	$8.017M	$13.33M	$17.76M	$15.85M	$18.98M
YoY Change	-47.6%	-62.53%	-39.85%	-24.96%	12.05%	-16.49%
Long-Term Debt	$13.25M	$13.68M	$14.81M	$0.00	$0.00	$0.00	$0.00
YoY Change	-3.15%	-7.62%
Other Long-Term Liabilities		$3.430K	$3.710K	$312.9K	$50.00K	$8.670M	$0.00
YoY Change		-7.55%	-98.81%	525.8%	-99.42%
Total Long-Term Liabilities	$13.25M	$13.68M	$14.81M	$312.9K	$50.00K	$8.670M	$0.00
YoY Change	-3.17%	-7.62%	4634.1%	525.8%	-99.42%
Total Liabilities	$14.82M	$16.69M	$22.83M	$13.64M	$17.81M	$24.52M	$18.98M
YoY Change	-11.17%	-26.9%	67.36%	-23.41%	-27.37%	29.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021
Basic Shares Outstanding	15.44M shares	14.90M	13.69M	11.03M
Diluted Shares Outstanding	15.44M shares	14.94M	13.69M	11.03M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $15.452 Million

About Skillful Craftsman Education Technology Ltd

Skillful Craftsman Education Technology Ltd. is a holding company, which engages in the provision of online education and technology services. The company is headquartered in Wuxi, Jiangsu and currently employs 71 full-time employees. The company went IPO on 2020-07-23. The firm is focused on vocational education, and also involve continuing education, basic education and higher education. The firm provides vocational training courses that cover a wide range of subjects such as mechanics, electrical, auto repair and construction. The online education businesses comprise of online vocational training and virtual simulation experimental training, involving three platforms which are lifelong education public service platform, vocational training platform and virtual simulation experimental training platform. The firm also provides clients with technology services, including software development and comprehensive cloud service. The firm conducts its businesses within the China market.

Industry: Services-Educational Services Peers: Bright Scholar Education Holdings Ltd China Liberal Education Holdings Ltd First High School Education Group Co Ltd Meta Data Ltd Mynd.ai Inc Sunlands Technology Group Wah Fu Education Group Ltd