Latest news with #edtech
Yahoo
3 days ago
- Business
- Yahoo
Everybody Loves Languages Reports Financial Results for the First Quarter Ended March 31, 2025
TORONTO, May 30, 2025--(BUSINESS WIRE)--Everybody Loves Languages Corp. ("ELL") (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning edutainment and content development company, announces its financial results for the first quarter ended March 31, 2025. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted. Operational Highlights Online English Language Learning: AcadeMe Junior Launched AVI - an AI based online tutor Added Gameficiation throughout the platform Added a teacher feature to enable flexible lesson assignment Developed 90 new lessons focusing on grammar and vocabulary Portuguese Course Refreshed material and developed additional lessons for the advanced levels English for Success Initiated a native app development project Content Based Learning: Continued to receive feedback from the Ministry of Education in China and teachers to adjust and modify content as required Q1 2025 Financial Highlights First Quarter Ended March 31st 2025 2024 Revenue $ 362,953 $ 149,977 Operating and development expenses 521,276 492,225 Loss before amortization, share-based payments, depreciation, finance charges and taxes (158,323) (436,754) Amortization, share-based payments, and depreciation 10,163 14,408 Finance charges, taxes and foreign exchange 2,948 (56,195) Net loss (171,434) (300,461) Loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (164,424) (293,480) Total comprehensive income (170,506) (312,327) Total comprehensive loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (163,496) (305,346) Earnings per share (basic) $ (0.00) $ (0.01) Earnings per share (fully diluted) $ (0.00) $ (0.01) Revenue for the first quarter ended March 31, 2025 totalled $362,953 as compared to $149,977 in Q1 2024. Operating and development expenses for the quarter ended March 31, 2025, totalled $521,276 compared to $492,225 in Q1 2024. Net loss for the quarter ended March 31, 2025, totalled $(171,434) or $(0.00) loss per share (basic) based on 35.6 million shares or $(0.00) loss per share (diluted) based on $36.1 million shares as compared to a net loss of $(300,461) for 2024 or $(0.01) loss per share (basic and fully diluted). Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(158,323) compared to $(436,754) in 2024. "Everybody Loves Languages has introduced several important new features, most notably an AI-based tutor named AVI. We remain committed to enhancing our platform and are optimistic about a positive response from the market," said Gali Bar-Ziv, President & CEO of Everybody Loves Languages. The interim condensed financial statements for the quarter ended March 31, 2025, and Management Discussion & Analysis are available at About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA): Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in China. Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to expand its product offerings and extend its market reach. Follow Everybody Loves Languages on social media: Facebook: Twitter: twitter@elltechnologies YouTube: Everybody Loves Languages (ELL) LinkedIn: Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Everybody Loves Languages' expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTUREEXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE View source version on Contacts Corporate Communications Khurram QureshiTel: (647) 831-1462Email: kqureshi@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
3 days ago
- Business
- National Post
Everybody Loves Languages Reports Financial Results for the First Quarter Ended March 31, 2025
Article content TORONTO — Everybody Loves Languages Corp. (' ELL ') (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning edutainment and content development company, announces its financial results for the first quarter ended March 31, 2025. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted. Article content Article content Q1 2025 Financial Highlights Article content First Quarter Ended March 31 st 2025 2024 Revenue $ 362,953 $ 149,977 Operating and development expenses 521,276 492,225 Loss before amortization, share-based payments, depreciation, finance charges and taxes (158,323) (436,754) Amortization, share – based payments, and depreciation 10,163 14,408 Finance charges, taxes and foreign exchange 2,948 (56,195) Net loss (171,434) (300,461) Loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (164,424) (293,480) Total comprehensive income (170,506) (312,327) Total comprehensive loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (163,496) (305,346) Earnings per share (basic) $ (0.00) $ (0.01) Earnings per share (fully diluted) $ (0.00) $ (0.01) Article content Revenue for the first quarter ended March 31, 2025 totalled $362,953 as compared to $149,977 in Q1 2024. Operating and development expenses for the quarter ended March 31, 2025, totalled $521,276 compared to $492,225 in Q1 2024. Net loss for the quarter ended March 31, 2025, totalled $(171,434) or $(0.00) loss per share (basic) based on 35.6 million shares or $(0.00) loss per share (diluted) based on $36.1 million shares as compared to a net loss of $(300,461) for 2024 or $(0.01) loss per share (basic and fully diluted). Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(158,323) compared to $(436,754) in 2024. Article content 'Everybody Loves Languages has introduced several important new features, most notably an AI-based tutor named AVI. We remain committed to enhancing our platform and are optimistic about a positive response from the market,' said Gali Bar-Ziv, President & CEO of Everybody Loves Languages. Article content The interim condensed financial statements for the quarter ended March 31, 2025, and Management Discussion & Analysis are available at Article content About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA): Article content Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. Article content The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in China. Article content Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to expand its product offerings and extend its market reach. Article content Portions of this press release may include 'forward-looking statements' within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as 'may,' 'should,' 'expect,' 'hope,' 'anticipate,' 'believe,' 'intend,' 'plan,' 'estimate' and similar expressions. Everybody Loves Languages' expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actualresults will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on Article content Article content Article content Article content Article content Article content
Entrepreneur
5 days ago
- Business
- Entrepreneur
Unacademy Co-founders Set to Exit, Shift Focus to New Venture AirLearn
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a significant leadership shift at Indian edtech unicorn Unacademy, co-founders Gaurav Munjal and Roman Saini are reportedly stepping down to dedicate their efforts to a new venture, AirLearn, a language learning app. This move marks a rare instance of original co-founders exiting a major Indian edtech company. Their departure follows that of the third co-founder, Hemesh Singh, who left in June 2023. Sumit Jain, co-founder of Unacademy's subsidiary Graphy, is expected to assume the leadership role. Jain joined Unacademy in 2020 after the acquisition of his startup Opentalk. According to The Economic Times, Munjal and Saini are now focused on scaling AirLearn, which has already achieved an annual recurring revenue (ARR) of USD 400,000 in the US, just months after its launch. Unacademy's board comprises representatives from SoftBank, General Atlantic, Bhavin Turakhia (Zeta), Sujeet Kumar (Udaan), along with Munjal and Saini. Data from TheKredible indicates the three original co-founders together held a 15% stake in the company. The leadership transition signals a new era for Unacademy, which is aiming to sustain and grow amid evolving market conditions. Munjal recently noted that the company has significantly reduced its core business cash burn—from over INR 1,000 crore annually to under INR 200 crore. With INR 1,200 crore in reserves and profitable units like Graphy and PrepLadder, Unacademy remains financially stable. The exit of its founding trio could usher in a fresh strategic direction for the edtech firm.
Entrepreneur
5 days ago
- Business
- Entrepreneur
Imarticus Learning Acquires MyCaptain in INR 50 Cr Deal
With this, Imarticus Learning has marked its fourth acquisition in the last four years, further accelerating its growth journey and strengthening its leadership in the education sector. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Professional education leader Imarticus Learning has acquired edtech startup MyCaptain for INR 50 crore (approx. USD 6 million), marking its fourth acquisition in the past four years and further cementing its leadership in India's upskilling landscape. This strategic acquisition significantly expands Imarticus Learning's workforce to over 850 employees and brings in a dynamic team of ex-founders from MyCaptain, boosting the company's senior leadership with fresh entrepreneurial talent. The move aligns with Imarticus Learning's broader vision of reaching 5 million learners over the next three years, with a strong focus on deepening its presence in Tier II and Tier III cities. Nikhil Barshikar, Founder and CEO of Imarticus Learning, highlighted, "Our collaboration with MyCaptain marks a pivotal step in strengthening Imarticus' vision to be the lifelong career partner for learners across their journey. What Zeeshan, Ruhan, and Sameer have built with MyCaptain is a company rooted in strong values, vision, and real-world impact. We're thrilled to welcome them into the Imarticus family as we shape the next phase of growth together." Barshikar further added, "While previous acquisitions have helped us diversify our portfolio and address evolving learner needs, with MyCaptain, we aim to deepen accessibility in non-tech career domains and significantly expand our reach in Tier II+ cities." Founded in 2012, Imarticus Learning is a Mumbai-headquartered professional education company that has impacted over 1 million learners. It offers industry-relevant programs in finance, technology, data science, marketing, and management. The company is India's first and only approved training partner for five global finance certifications including CFA, CMA, CPA, ACCA, and FRM. With a network of over 3,500 hiring partners and collaborations with premier institutions like IIMs, ISB, and London Business School, Imarticus has placed more than 75,000 learners in top MNCs. MyCaptain, founded with the mission of unlocking unconventional career paths for youth, has over 5 lakh learners and generated INR 27 crore in revenue last year while achieving EBITDA breakeven. The platform is known for its strong grassroots presence across 1,500+ campuses and boasts a Net Promoter Score (NPS) of 70, one of the highest in India's edtech sector. "MyCaptain began as a movement to challenge the status quo and open up alternate career paths for students across the country," said Mohammed Zeeshan, Co-founder and CEO of MyCaptain. "With Imarticus' scale and Nikhil and Sonya's shared belief in our mission, we now have the chance to take everything we've built and scale it even further, making new-age careers more accessible and achievable for more than 1 million students across India." Imarticus plans to scale MyCaptain's operations fivefold over the next three years, further advancing its mission to be the career partner of choice for learners from college to leadership.
Yahoo
17-05-2025
- Business
- Yahoo
'Engagement for e-learning will be huge for us'
Just over a week after launching edtech platform Perlego, co-founders Gauthier Van Malderen and Matt David faced their first major challenge when their website was hacked. 'Nothing worked to be honest,' says Van Malderen, CEO of the London-based subscription library branded the 'Netflix and Spotify for textbooks' by providing unlimited access to academic and professional titles. 'I often make the joke that if I had known how complicated it was, I would have never started this business.' This came against no publishing and tech experience which today underpins the growing business, as well as industry scepticism. 'Who is this guy?' was a common theme. But passion and persistence in Van Malderen's product has paid off as he aims to revolutionise the way educational resources are accessed. Read More: 'Why we set up a sustainable mobile operator to save people money' Perlego today offers learners more than 1 million educational ebooks in multiple languages and has raised £56m since launching in 2017. The idea for the company came as Belgium-born Van Malderen studied for a masters in entrepreneurship at Cambridge University. 'It came out of a personal pain point of mine, which was the expensive price of textbooks and where I'd buy a second-hand book,' he says. 'Print is an amazing product. We're just trying to be more convenient than print.' Launched eight years ago this month, it took six months for Perlego's fledgling site to build traction with paying consumers and some publishers, which now include Routledge, Cambridge University Press and Harvard University Press, sending their content to be aggregated on the edtech's platform. Perlego's platform, says Van Malderen, isn't simply a place to search for textbooks. 'I think engagement on the content is going to be a big thing for Perlego, but also for the future of the industry in the next three four years,' he adds. Subscribers can highlight, annotate and search within ebooks, while the tool can create references in a matter of clicks. Additional product layers include slide shows, a 'read aloud' tool and building workspaces to aggregate learning material. Read More: 'People hung up on us in our goal to become the Dyson of ice baths' 'It saves time for professors and also streamlines the lives of students because historically they have to go on lots of different other products,' he adds. Van Malderen and co-founder Davis' most recent raise came last year from lead investor Sir Terry Leahy, former Tesco CEO, who said that "Perlego is addressing one of the most pressing challenges in modern education – access to essential learning materials". The funding has helped develop Perlego's AI tool Dialogo, called Research Assistant, which enables students to ask questions and share relevant cited research in summary format. 'We have to be really careful how we navigate the AI space,' admits Van Malderen. 'What we want to make sure is we're helping publishers monetise their content, making sure that students continue to learn and for faculty and professors is how can they find their content as fast as possible.' The US is currently Perlego's biggest market, while the platform works with more than 350 universities. Last year it partnered with University of Leeds to provide its students access to an extensive digital library which cuts costs (a monthly subscription is £12) and time spent seeking print textbooks. With more than 250 million higher education students enrolled globally, Van Malderen sees opportunities to scale. 'Essentially, with one e-book, you can sell across the world and it's really exciting from that perspective,' he says. 'There's so much more we can do, and it's a big market that we can still grow into.' In 2023, Perlego research revealed that there were 300,000 searches to piracy textbook sites in that September alone, costing the publishing industry billions of pounds in lost revenue. 'I think the publishers were more open towards new models and they saw that the subscription models worked well in music and in the movie industry,' Van Malderen says of the industry. Read More: 'I've seen how weight loss can be life-changing for patients' 'I've been crafting up that message and working much closer with publishers, helping them on piracy and data, creating recurring revenue lines and mitigating the decrease in their print sales.' This includes Perlego delivering reports on how students interact with publishers' content. 'We provide this all for free back to the publishers on a daily or weekly basis, depending on how much they want it,' says Van Malderen. 'The biggest trend in education right now is lifelong learning. This is really valuable for editorial decisions and a lot of publishers are seeing that psychology is going through the roof.' A field hockey player turned cyclist in his spare time, the entrepreneurial bug has been a constant for the Belgian. At university he founded Iconic Matter, which sold advertising on notebooks and built up clients such as Uber and Red Bull. At Perlego, he also founded a small business called Social Lives, which was later sold to businessman Steven Bartlett. He currently has a print-on-demand side hustle. You can't say that Van Malderen is resting, especially after Perlego grew by 435% during COVID. 'I don't believe too much in the work-life balance when you're building a massive company and you're ambitious to build a global brand,' he says. 'I also don't believe fully in the work-life balance where you finish at four every day. I just don't think it's achievable, in my opinion, from what I've seen so far. 'I've always had a big vision and I've always been true to my vision about building a global company. And now the bigger vision is hopefully to continue to scale this and become a European edtech success story.' Read more: GoTo CEO's eight business rules to be a successful leader How my IBM boss taught me to navigate a complex organisation 'Want to grow an iconic brand? CEOs have to value CMOs as servant leaders'Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
