As COVID-19 broke out, one of the few sectors meant to benefit was edtech.

With schools and universities being forced to move to online learning, the industry believed it would see a substantial shift in the space, and they were right – it happened much quicker than anticipated..

Six months on, edtech stocks have seen a boom for investors with all of them up and the average gain being 52 per cent.

Here’s a list of all ASX edtech stocks and their six-month performance…

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price 6M % Return Market Cap
3PL 3P Learning 1.34 70% $186.9M
RCL ReadCloud 0.35 34% $34.4M
OLL Open Learning 0.34 82% $48.7M
JAN Janison 0.38 10% $80.7M
SCL Schrole 0.018 63% $26.5M
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The biggest winners

The best performer is OpenLearning (ASX:OLL) which provides a software-as-a-service (SaaS) platform allowing higher educational institutions to offer digital short courses, degrees and micro-credentials.

OpenLearning has surged over 80 per cent in six months. In the June quarter it made cash receipts of almost $1m and its annualised recurring revenue grew 71 per cent to $1.1 million.

Its partners include Alibaba Cloud with whom it struck a deal to open its online learning services to mainland China.

Next is 3P Learning (ASX:3PL) which is up over 70 per cent. This company offers online education programs including Mathletics and Spellodrome.

Easily the biggest news out of the company was last month’s takeover offer from IXL which appears a fait accompli since the board unanimously backed the bid.


Revenue growth helps

The remaining edtech stocks also rose off the back of revenue growth.

Sitting on a 63 per cent gain is Schrole Group (ASX:SCL) which has a teacher recruitment solution. It was already seeing a spike in demand for its services pre-COVID 19 with cash receipts totalling $6m in 2019.

In the first half of 2020 its revenues totalled 8 per cent more than the corresponding period last year.

Then there’s ReadCloud (ASX:RCL) which provides a digital e-textbook solution for schools and VET education providers. Its revenue in FY20 gained 55 per cent and its users rose by 40 per cent.

Rounding out the list is Janison Education (ASX:JAN) which rose 10 per cent. This company provides technology to facilitate secure remote examinations and offsite supervision, also saw a revenue boost.

In the entire financial year its platform revenue grew 22 per cent and its earnings by 26 per cent.

During the year, Janison delivered its first remote university exams for the University of London.