iHuman Reports Record Third Quarter Revenue and Earnings

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IHUMAN ($NYSE:IH): iHuman Inc. (NYSE: iHM), a leading provider of artificial intelligence (AI) and computer vision solutions, reported record third quarter revenue and earnings on Tuesday. The company reported Non-GAAP Earnings Per ADS of $0.11 on revenue of $37.8 million. The impressive performance was driven by strong demand for iHuman’s AI and computer vision products. The company experienced a surge in demand from its customers across various industries, including healthcare, automotive, finance, education and manufacturing. Moreover, the company’s strategic investments in AI-based technologies have enabled them to develop advanced solutions which have enabled them to expand their customer base and increase their market share. iHuman’s strong results were also attributed to their success in executing their integrated strategy which combines the development of high-quality products with innovative partnerships. This strategy has enabled the company to rapidly expand its global presence and gain traction in key markets.

In addition, the company has also benefited from increased investment in R&D, which has enabled them to develop advanced AI solutions that meet customer needs. Overall, iHuman’s performance in the third quarter was extremely impressive and is a testament to the success of their strategies. With strong demand for their products and services continuing to grow, iHuman is well positioned for continued growth in the coming quarters.

Market Price

The company opened at $3.1 and closed at $3.2, representing a 7.3% increase from the previous closing price of $3.0. This strong performance was largely due to a significant rise in sales, as well as increased efficiency across the entire organization. This impressive results were fueled by the company’s innovative products, which resonated with customers in new and exciting ways.

Additionally, IHUMAN INC’s commitment to customer service, cost control and operational excellence has allowed them to consistently deliver outstanding results. The success of the third quarter has energized the company and its investors, who are now looking forward to continued growth in the future. IHUMAN INC is well-positioned for further success as they continue to roll out new products and services, and expand their presence in key markets. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ihuman Inc. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ihuman Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Ihuman Inc are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of IHUMAN INC‘s fundamentals. Our Risk Rating has determined that IHUMAN INC is a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the cash flow statement which our users can check out by registering on goodwhale.com. Our team of experts are always available to answer any questions users may have about the risk associated with this investment. More…

Peers

The competition in the education technology industry is fierce, with iHuman Inc competing against several established players, including Readboy Education Holding Co Ltd, China Education Resources Inc, and Jianzhi Education Technology Group Co Ltd. All of these companies have been striving to stay ahead of the curve by creating innovative products and services to attract customers. While iHuman Inc has made significant strides in the industry, its competitors are not far behind and are determined to remain competitive. It will be interesting to see how this competition continues to shape the education technology landscape.

– Readboy Education Holding Co Ltd ($SEHK:02385)

Readboy Education Holding Co Ltd is a Chinese educational technology company that focuses on providing online education services. The company has a market cap of 2.37B as of 2022, which indicates its current market value and its potential future growth. It also has a Return on Equity of -0.63%, which reflects its profitability. This negative return may indicate that the company is not yet making a profit or that it is struggling to manage its capital structure. Despite this, Readboy Education Holding Co Ltd has been successful in its mission to provide quality online education services to students.

– China Education Resources Inc ($TSXV:CHN)

Education Resources Inc is an online education provider that provides online learning programs and services to students in China. The company has a market cap of 947.3k as of 2022 and a Return on Equity of -5.87%. This indicates that the company has a relatively small market capitalization, and its current profitability is below its cost of capital. The negative return on equity means that the company has not been able to generate sufficient returns on the amount of equity invested in it. However, Education Resources Inc continues to be a leading provider of online educational services to students in China.

– Jianzhi Education Technology Group Co Ltd ($NASDAQ:JZ)

Jianzhi Education Technology Group Co Ltd is a Chinese education technology company that provides online tutoring services. As of 2022, the company has a market capitalization of 64.79M and a Return on Equity of 9.12%. Its market capitalization reflects the company’s financial performance and its ability to generate returns for shareholders. The company’s Return on Equity measures how well it is using its resources to generate profits for its shareholders, and a 9.12% ROE shows that its strategy is working.

Summary

IHuman Inc. is a tech company that recently reported its second quarter financial results. The company reported Non-GAAP Earnings Per ADS of $0.11 and total revenue of $37.8M, both of which were higher than expected. The market responded positively to the news, with the stock price increasing the same day.

This demonstrates investor confidence in the company and their ability to deliver strong financial performance. Analysts are recommended to closely monitor the performance of IHuman Inc. going forward, as the stock could continue to be a profitable investment.