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Chegg Inc  (CHGG)
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    Sector • Services    Industry • Educational Services
   Industry • Educational Services
   Sector • Services


 

Chegg Inc

CHGG's Financial Statements and Analysis



Chegg Inc increased second quarter of 2024 net loss per share of $-6.01 compare to net loss per share of $-0.11 recorded in the same quarter a year ago a decrease compare to $-0.01 realized in previous quarter.


second quarter of 2024
Earnings Per Share Revenues
$ -6.01 $  163 Mill
$-5.90     $-20M     -10.8 %



Chegg Inc's Revenue fell by -10.8 % in second quarter of 2024 (Jun 30 2024) year on year, to $163 million and declined by -6.39 % sequentially.


Chegg Inc is

More on CHGG's Income Statement



Chegg Inc in the second quarter of 2024 recorded net loss of $-616.884 million, compare to net income of $24.612 million achieved in II. Quarter a year ago.

Sequentially net loss advanced

More on CHGG's Growth

Chegg Inc Inventories
In Jun 30 2024 company's net cash and cash equivalents decreased by $-10 million, capital expenditures fell by -16.6986.60%, to $-18 millions compare to same quarter a year ago

More on CHGG's Cash flow Statement


Chegg Inc does not pay out common stock dividend.

In trailing twelve-month period Chegg Inc earned $ 1.73 cash per share, on a free-cash flow basis .

Book value fell by -62.16 % sequentially to $3.56 per share, -96.07% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 1.59 per share from $ 2.80.

Company issued 0.26 million shares or 0.26 % in Jun 30 2024.


• More on CHGG's Dividends

 Market Capitalization (Millions) 172
 Shares Outstanding (Millions) 103
 Total Debt (Millions $) 601
 Revenue (TTM) (Millions $) 682
 Net Income (TTM) (Millions $) -627
 Cash Flow (TTM) (Millions $) -42
 Capital Exp. (TTM) (Millions $) -95
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,979




Chegg Inc does not pay out common stock dividend.

In trailing twelve-month period Chegg Inc had $ 1.73 cash flow per share, on a free-cash flow basis .

Book value fell by -62.16 % sequentially to $3.56 per share, -96.07% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 1.59 per share from $ 2.80.

Company issued 0.26 million shares or 0.26 % in Jun 30 2024.


• More on CHGG's Balance Sheets

 Market Capitalization (Millions) 172
 Shares Outstanding (Millions) 103
 Total Debt (Millions $) 601
 Revenue (TTM) (Millions $) 682
 Net Income (TTM) (Millions $) -627
 Cash Flow (TTM) (Millions $) -42
 Capital Exp. (TTM) (Millions $) -95
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 1,979
   


  News about Chegg Inc Earnings

Chegg Inc Faces Troubling Financial Turbulence Amid Promises of Restructuring in Q2 2024



Chegg Inc, the leading student-first connected learning platform, has recently reported its financial results for the most recent fiscal period. Despite the company's claims of transformative restructuring and an exciting vision for the future, a deeper analysis of the numbers reveals concerning trends. This article aims to shed light on the bearish signals that Chegg Inc's financial performance presents.
1. Earnings Losses:
For the most recent fiscal period, Chegg Inc experienced a significant increase in its deficit per share, reaching $-6.01 per share compared to $-0.11 per share the previous year. Moreover, the company's deficit surged from $-0.01 per share from the preceding reporting ...

Chegg Inc. Faces 7.328% Revenue Decline in First Quarter of 2024

As a financial analyst covering Chegg Inc for the CSIMarket.com, the recent fiscal period results for the company have been quite telling. The educational services industry saw a rise in topline revenue, but unfortunately, Chegg Inc experienced a decrease in revenue by -7.328% to $173.85 million year on year. This was accompanied by a slip into a deficit of -$0.01 per share, a stark difference from the previous period where they had a bottom line of $0.09 per share.
The company attributed this decline in revenue to lower orders, which ultimately led to a vanishing revenue and an increased deficit. Despite this setback, CEO and President of Chegg, Inc., Dan Rosensweig, remains optimistic about the future....

Chegg Inc Soars with 607.89% Increase in Net Profit per Share Amidst Challenging Business Landscape

Chegg Inc, a leading student-first connected learning platform, has reported its financial results for the October to December 31, 2023 interval. The company experienced a significant increase in net profit per share, which soared by 607.89% to $0.09 per share compared to $0.01 the previous year. Additionally, the net profit per share turned positive from -$0.16 per share in the preceding reporting season.
However, the company saw a decrease in revenue of -8.363%, amounting to $188.03 million in comparison to $205.19 million in the same reporting season the previous year. Despite this decline, the sequential revenue improved by 19.554% from $157.28 million.
In terms of net profits, Chegg Inc reporte...

Chegg Inc Faces Steep Decline in Revenue and Performance, Hitting Third Quarter 2023 Numbers 2.

Chegg Inc, an American education technology company, has exp...

Chegg Inc Revenue Drops by -6.306% in Q2 2023, Significantly Impacting Earnings per Share

Financial News Report: Chegg Inc Records Shortfall in Second Quarter of 2023
Chegg Inc, a leading education technology company, reported a shortfall of $-0.11 per share for the second quarter of 2023. This marks a significant decline compared to the $0.06 per share income recorded in the same period last year. The Income per Share also fell from $0.02 from the previous reporting period.
One of the primary contributing factors to the shortfall was a decline in revenue. Chegg Inc experienced a decrease of -6.306% in revenue, amounting to $182.44 million in the second quarter of 2023. This decline in revenue is in comparison to the $194.72 million recorded in the same period a year prior. Additionally, ...

Weak orders was the cause for EPS to slide at in the fiscal first quarter of 2023

Chegg Inc is an American education technology company that provides various education-related serv...


Date modified: 2024-09-07T13:21:13+00:00





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