Everybody Loves Languages Reports Financial Results for the First Quarter Ended March 31, 2025
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
-
AcadeMe Junior
-
Content Based Learning:
-
Continued to receive feedback from the
Ministry of Education inChina and teachers to adjust and modify content as required
-
Continued to receive feedback from the
Q1 2025 Financial Highlights
First Quarter Ended |
|
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 |
|
(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 |
|
(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
The interim condensed financial statements for the quarter ended
About
The company provides online and print-based solutions through two distinct business units:
Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and
Follow Everybody Loves Languages on social media:
Facebook: https://www.facebook.com/everybodyloveslanguages
Twitter: twitter@elltechnologies
YouTube: Everybody Loves Languages (ELL)
LinkedIn: https://www.linkedin.com/company/elltechnologies
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 www.sedar.com .
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EXCHANGE ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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Corporate Communications
Tel: (647) 831-1462
Email: kqureshi@elltechnologies.com
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