Picture of 17 Education and Technology logo

YQ 17 Education and Technology News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesSpeculativeMicro CapValue Trap

China's 17EdTech Q4 revenue rises driven by subscriptions

Overview

China education technology firm's Q4 revenue rose 6.4% yr/yr

Gross margin for Q4 improved to 46.1% from 33.6% yr/yr

Adjusted net loss for Q4 widened yr/yr

Outlook

Company cites strong pre-sale orders and positive feedback for new AI-powered product

Result Drivers

SUBSCRIPTION REVENUE - Growth in school-based subscription model drove Q4 revenue increase

GROSS MARGIN IMPROVEMENT - Higher margin from subscription business and operating leverage boosted Q4 gross margin, per company

Company press release: ID:nGNX9CfjG5

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueRMB 38.9 mln
Q4 Net Income-RMB 53 mln
Q4 Gross Margin46.1%
Q4 Gross ProfitRMB 17.9 mln
Q4 Income from Operations-RMB 54.6 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on 17 Education and Technology

See all news