Technology
51Talk Online Education Group Announces First Quarter 2024 Results
Published
3 months agoon
By
SINGAPORE, June 12, 2024 /PRNewswire/ — 51Talk Online Education Group (“51Talk” or the “Company”) (NYSE American: COE), a global online education platform with core expertise in English education, announced its unaudited results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial and Operating Highlights
Gross billings[1] for the first quarter of 2024 were US$12.6 million, a 55.6% growth from the first quarter of 2023.Net revenues were US$9.4 million for the first quarter of 2024, a 70.1% increase from US$5.6 million for the first quarter of 2023.The number of quarterly active students with attended lesson consumption was approximately 46,200 in the first quarter of 2024, representing a 83.3% increase from approximately 25,200 for the first quarter of 2023.
Key Financial and Operating Data
For the three months ended
March 31,
March 31,
Y-o-Y
2023
2024
Change
Net Revenues (in US$ millions)
5.6
9.4
70.1 %
Gross Margin
77.6 %
77.5 %
-0.1ppt
Gross Billings (in US$ millions)
8.1
12.6
55.6 %
Active students with attended lesson consumption[2]
(in thousands)
25.2
46.2
83.3 %
[1] Gross billings for a specific period, which is one of the Company’s key operating data, is defined as the total amount of cash received and receivable from third party payment platforms for the sale of course packages and services in such period, net of the total amount of refunds in such period. The gross billings data included herein was from the Company’s business system and converted with quarterly corresponding exchange rate, which may lead to differences with bank records
[2] An “active student with attended lesson consumption” for a given period refers to a student who attended at least one paid lesson, excluding those students who only attended paid live broadcasting lessons or trial lessons.
“Business momentum continued in the first quarter of 2024, driven by our diversified portfolio of markets driving us to exceed the high end of guidance. We have observed significant returns on our earlier investments. Particularly, our branding activities were supportive to increase our student base. We remain confident in our capability in delivering quality growth.” stated Mr. Jack Huang, Founder, Chairman, and Chief Executive Officer of 51Talk.
“Our over 46,000 quarterly active students, along with numerous participants in free trials, provide us with a substantial pool of potential demand. We have developed new products tailored to their needs, such as test preparation programs for school enrollments.”
“During the quarter, we formally established our AI Research Institute to explore how the latest technologies can enhance our user experience and operational efficiency. We have begun using AI to customize learning progress reports for students and conduct interviews and trainings for teachers.” Mr. Huang concluded.
First Quarter 2024 Financial Results
Net Revenues and Gross Margin
Net revenues for the first quarter of 2024 were US$9.4 million, a 70.1% increase from US$5.6 million for the same quarter last year. The number of active students with attended lesson consumption was approximately 46,200 in the first quarter of 2024, a 83.3% increase from 25,200 for the same quarter last year.
Cost of revenues for the first quarter of 2024 was US$2.1 million, a 71.3% increase from US$1.2 million for the same quarter last year. The increase was primarily due to the increase in total service fees paid to teachers, mainly resulting from an increased number of paid lessons.
Gross profit for the first quarter of 2024 was US$7.3 million, a 69.8% increase from US$4.3 million for the same quarter last year.
Gross margin for the first quarter of 2024 was 77.5%, compared with 77.6% for the same quarter last year.
Operating Expenses
Total operating expenses for the first quarter of 2024 were US$11.3 million, a 64.1% increase from US$6.9 million for the same quarter last year. The increase was mainly due to the increase in sales and marketing expenses.
Sales and marketing expenses for the first quarter of 2024 were US$7.7 million, a 74.0% increase from US$4.4 million for the same quarter last year. The increase was mainly due to higher sales personnel costs related to increases in the number of sales and marketing personnel and higher marketing expenses. Excluding share-based compensation expenses, non-GAAP sales and marketing expenses for the first quarter of 2024 were US$7.7 million, a 75.3% increase from US$4.4 million for the same quarter last year.
Product development expenses for the first quarter of 2024 were US$1.0 million, a 42.7% increase from US$0.7 million for the same quarter last year. The increase was primarily due to higher product development personnel costs. Excluding share-based compensation expenses, non-GAAP product development expenses for the first quarter of 2024 were US$0.9 million, a 50.0% increase from US$0.6 million for the same quarter last year.
General and administrative expenses for the first quarter of 2024 were US$2.6 million, a 47.2% increase from US$1.8 million for the same quarter last year. The increase was primarily due to higher general and administrative personnel costs. Excluding share-based compensation expenses, non-GAAP general and administrative expenses for the first quarter of 2024 were US$2.4 million, a 44.2% increase from US$1.6 million for the same quarter last year.
Loss from Operations
Operating loss for the first quarter of 2024 was US$3.9 million, compared with operating loss of US$2.6 million for the same quarter last year.
Non-GAAP operating loss for the first quarter of 2024 was US$3.7 million, compared with non-GAAP operating loss of US$2.3 million for the same quarter last year.
Net loss attributable to the Company’s ordinary shareholders
Net loss attributable to the Company’s ordinary shareholders for the first quarter of 2024 was US$3.7 million, compared with net loss of US$2.6 million for the same quarter last year.
Excluding share-based compensation expenses of US$0.3 million, non-GAAP net loss for the first quarter of 2024 was US$3.4 million, compared with non-GAAP net loss of US$2.4 million for the same quarter last year.
Basic and diluted net loss per share attributable to ordinary shareholders for the first quarter of 2024 was US$0.01, compared with basic and diluted net loss per share of US$0.01 for the same quarter last year.
Excluding share-based compensation expenses of US$0.3 million, non-GAAP basic and diluted net loss per share attributable to ordinary shareholders for the first quarter of 2024 was US$0.01, compared with non-GAAP basic and diluted net loss per share attributable to ordinary shareholders of US$0.01 for the same quarter last year.
Basic and diluted net loss per American depositary share (“ADS”) attributable to ordinary shareholders for the first quarter of 2024 was US$0.65, compared with basic and diluted net loss per ADS of US$0.46 for the same quarter last year. Each ADS represents 60 Class A ordinary shares.
Excluding share-based compensation expenses of US$0.3 million, non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders for the first quarter of 2024 was US$0.60, compared with non-GAAP basic and diluted net loss per ADS attributable to ordinary shareholders of US$0.42 for the same quarter last year.
Balance Sheet
As of March 31, 2024, the Company had total cash, cash equivalents and time deposits of US$21.7 million, compared with US$23.4 million as of December 31, 2023.
The Company had advances from students[3] of US$30.1 million as of March 31, 2024, compared with US$27.2 million as of December 31, 2023.
The financial statements for the first quarter ended March 31, 2024 herein have not been audited or reviewed by the Company’s independent registered accounting firm.
[3] “Advances from students” is defined as the amount of obligation to transfer goods or service to students or business partners for which consideration has been received from students in advance. The deposits from students are also presented in the total amount of “advances from students”
Outlook
For the second quarter of 2024, the Company currently expects net gross billings to be between $13.5 million and $14.0 million, which would represent a sequential growth of 7.5% to 11.5%.
The foregoing outlook is based on current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.
Conference Call
The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 12, 2024 (8:00 PM Singapore/Hong Kong time on June 12, 2024).
Dial-in details for the earnings conference call are as follows:
United States (toll free):
1-888-346-8982
International:
1-412-902-4272
Singapore (toll free):
800-120-6157
Mainland China (toll free):
4001-201203
Hong Kong (toll free):
800-905945
Hong Kong (local toll):
852-301-84992
Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “51Talk Online Education Group.”
Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.51talk.com.
A replay of the conference call will be accessible until June 19, 2024, by dialing the following telephone numbers:
United States (toll free):
1-877-344-7529
International:
1-412-317-0088
Replay Access Code:
7503555
About 51Talk Online Education Group
51Talk Online Education Group (NYSE American: COE) is a global online education platform with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students to take live interactive English lessons, on demand. The Company connects its students with a large pool of highly qualified teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.
Use of Non-GAAP Financial Measures
In evaluating its business, 51Talk considers and uses the following measures defined as non-GAAP financial measures by the SEC as supplemental metrics to review and assess its operating performance: non-GAAP sales and marketing expenses, non-GAAP product development expenses, non-GAAP general and administrative expenses, non-GAAP operating expenses, non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP net income/(loss) attributable to ordinary shareholders, and non-GAAP net income/(loss) attributable to ordinary shareholders per share and per ADS. To present each of these non-GAAP measures, the Company excludes share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” set forth at the end of this press release.
51Talk believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance by excluding share-based compensation expenses that may not be indicative of its operating performance from a cash perspective. 51Talk believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to 51Talk’s historical performance. 51Talk computes its non-GAAP financial measures using the same consistent method from quarter to quarter and from period to period. 51Talk believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. A limitation of using non-GAAP measures is that these non-GAAP measures exclude share-based compensation expenses that have been and will continue to be for the foreseeable future a significant recurring expense in the 51Talk’s business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying table at the end of this press release provides more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “likely to” and similar statements. Among other things, 51Talk’s quotations from management in this announcement, as well as 51Talk’s strategic and operational plans, contain forward-looking statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk’s goals and strategies; 51Talk’s expectations regarding demand for and market acceptance of its brand and platform; 51Talk’s ability to retain and increase its student enrollment; 51Talk’s ability to offer new courses; 51Talk’s ability to engage, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in its international markets; the expected growth of, and trends in, the markets for 51Talk’s course offerings in its international markets; relevant government policies and regulations relating to 51Talk’s corporate structure, business and industry; general economic and business condition in the Philippines, its international markets and elsewhere; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
51TALK ONLINE EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
As of
Dec. 31,
Mar. 31,
2023
2024
US$
US$
ASSETS
Current assets
Cash and cash equivalents
21,298
17,350
Time deposits
2,091
4,320
Inventory
–
29
Prepaid expenses and other current assets
6,394
7,854
Total current assets
29,783
29,553
Non-current assets
Property and equipment, net
138
196
Intangible assets, net
92
89
Right-of-use assets
723
639
Deferred tax assets
72
71
Other non-current assets
348
249
Total non-current assets
1,373
1,244
Total assets
31,156
30,797
LIABILITIES AND SHAREHOLDERS’ DEFICITS
Current liabilities
Advances from students
27,214
30,056
Accrued expenses and other current liabilities
6,189
7,454
Amounts due to related parties
4,077
3,267
Lease liability
590
488
Taxes payable
1,060
1,191
Total current liabilities
39,130
42,456
Non-current liabilities
Lease liability
41
19
Other non-current liabilities
176
278
Total non-current liabilities
217
297
Total liabilities
39,347
42,753
Total shareholders’ deficits
(8,340)
(12,315)
Noncontrolling interests
149
359
Total deficits
(8,191)
(11,956)
Total liabilities and shareholders’ deficits
31,156
30,797
51TALK ONLINE EDUCATION GROUP
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands except for number of shares and per share data)
For the three months ended
Mar. 31,
Dec. 31,
Mar. 31,
2023
2023
2024
US$
US$
US$
Net revenues
5,552
7,471
9,446
Cost of revenues
(1,242)
(1,868)
(2,128)
Gross profit
4,310
5,603
7,318
Operating expenses
Sales and marketing expenses
(4,441)
(7,182)
(7,728)
Product development expenses
(662)
(864)
(945)
General and administrative expenses
(1,759)
(1,867)
(2,589)
Total operating expenses
(6,862)
(9,913)
(11,262)
Loss from operations
(2,552)
(4,310)
(3,944)
Interest income
33
67
82
Other income/(expenses), net
(75)
(1,253)
141
Loss before income tax expenses
(2,594)
(5,496)
(3,721)
Income tax expenses
(9)
(171)
(22)
Net loss
(2,603)
(5,667)
(3,743)
Net loss attributable to noncontrolling interests
–
–
(19)
Net loss attributable to the Company’s
ordinary shareholders
(2,603)
(5,667)
(3,724)
Weighted average number of ordinary
shares used in computing basic and diluted
loss per share
339,338,128
342,841,445
345,124,338
51TALK ONLINE EDUCATION GROUP
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands except for number of shares and per share data)
For the three months ended
Mar. 31,
Dec. 31,
Mar. 31,
2023
2023
2024
US$
US$
US$
Net loss per share attributable to ordinary shareholders
Basic and diluted
(0.01)
(0.02)
(0.01)
Net loss per ADS attributable to ordinary shareholders
Basic and diluted
(0.46)
(0.99)
(0.65)
Share-based compensation expenses are included in the operating expenses as follows:
Sales and marketing expenses
(48)
(31)
(29)
Product development expenses
(54)
(45)
(33)
General and administrative expenses
(120)
(170)
(225)
51TALK ONLINE EDUCATION GROUP
Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures
(In thousands except for number of shares and per share data)
For the three months ended
Mar. 31,
Dec. 31,
Mar. 31,
2023
2023
2024
US$
US$
US$
Sales and marketing expenses
(4,441)
(7,182)
(7,728)
Less: Share-based compensation expenses
(48)
(31)
(29)
Non-GAAP sales and marketing expenses
(4,393)
(7,151)
(7,699)
Product development expenses
(662)
(864)
(945)
Less: Share-based compensation expenses
(54)
(45)
(33)
Non-GAAP product development expenses
(608)
(819)
(912)
General and administrative expenses
(1,759)
(1,867)
(2,589)
Less: Share-based compensation expenses
(120)
(170)
(225)
Non-GAAP general and administrative expenses
(1,639)
(1,697)
(2,364)
Operating expenses
(6,862)
(9,913)
(11,262)
Less: Share-based compensation expenses
(222)
(246)
(287)
Non-GAAP operating expenses
(6,640)
(9,667)
(10,975)
Loss from operations
(2,552)
(4,310)
(3,944)
Less: Share-based compensation expenses
(222)
(246)
(287)
Non-GAAP loss from operations
(2,330)
(4,064)
(3,657)
51TALK ONLINE EDUCATION GROUP
Reconciliation of Non-GAAP Measures to the Most Comparable GAAP Measures
(In thousands except for number of shares and per share data)
For the three months ended
Mar. 31,
Dec. 31,
Mar. 31,
2023
2023
2024
US$
US$
US$
Income tax expenses
(9)
(171)
(22)
Less: Tax impact of Share-based compensation expenses
–
–
–
Non-GAAP income tax expenses
(9)
(171)
(22)
Net loss attributable to the Company’s ordinary
shareholders
(2,603)
(5,667)
(3,724)
Less: Share-based compensation expenses
(222)
(246)
(287)
Non-GAAP net loss attributable to the Company’s ordinary
shareholders
(2,381)
(5,421)
(3,437)
Weighted average number of ordinary shares used in
computing basic and diluted loss per share
339,338,128
342,841,445
345,124,338
Non-GAAP net loss per share attributable to ordinary
shareholders
Basic and diluted
(0.01)
(0.02)
(0.01)
Non-GAAP net loss per ADS attributable to ordinary
shareholders
Basic and diluted
(0.42)
(0.95)
(0.60)
View original content:https://www.prnewswire.com/news-releases/51talk-online-education-group-announces-first-quarter-2024-results-302170672.html
SOURCE 51Talk Online Education Group
You may like
Technology
Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif
Published
2 hours agoon
September 21, 2024By
NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.
On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.
As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”
Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.
Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt.
Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.
“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.
We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cultivating-a-culture-of-peace-international-day-of-peace-statement-by-education-cannot-wait-executive-director-yasmine-sherif-302254413.html
SOURCE Education Cannot Wait
Technology
Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”
Published
6 hours agoon
September 21, 2024By
BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.
Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces
The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.
Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.
The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.
Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem
Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.
Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.
At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.
The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.
In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.
View original content to download multimedia:https://www.prnewswire.com/news-releases/niutech-at-the-forefront-us-china-circular-economy-forum-tackles-white-pollution-302254665.html
SOURCE Niutech
Technology
Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education
Published
7 hours agoon
September 21, 2024By
SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.
“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”
Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine
“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”
With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.
“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”
Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine
The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.
GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.
“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”
Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency
As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.
For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.
About Global Ultrasound Institute:
Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.
For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/
Contact:
Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-ultrasound-institute-launches-gusi-fellowships-platform-elevating-point-of-care-ultrasound-education-302254656.html
SOURCE GLOBAL ULTRASOUND INSTITUTE
Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif
Crypto firms cannot naively trust engineers with code: Exodus CEO
Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
Peloton Unveils Holiday 2022 Creative Campaign Highlighting How Motivation Transcends Beyond the Workout
These ’90s fashion trends are making a comeback in 2017
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology5 days ago
GSMA MWC Kigali 2024 to explore role of connectivity in driving socio-economic growth across Africa
-
Technology5 days ago
PRIVACY ALERT: East Valley Institute of Technology (EVIT) Under Investigation for Data Breach of 208,000 Students, Faculty, and Parents
-
Coin Market5 days ago
Markets see 0.5% Fed rate cut — 5 Things to know in Bitcoin this week
-
Technology5 days ago
FSTEC Panel to Explore Hi Auto’s Impact on Drive-Thru Efficiency and Workforce Experience
-
Near Videos4 days ago
TOBASCO from Particle Network
-
Coin Market1 day ago
Feds end Bitcoin bandits’ luxury life fueled by $230M crypto scam
-
Coin Market5 days ago
Hedera contributes entire codebase to Linux Foundation
-
Coin Market5 days ago
DeFi platform Delta Prime suffers $6M breach