Lucas Announces Fiscal Year 2023 Financial Results with 92.3% Growth, Reaching Revenue at $208M
Lucas GC Limited (LGCL)
Company Research
Source: GlobeNewswire
NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company currently focusing on offering human capital management services, today announced its financial results for fiscal year of 2023. Full Year 2023 Financial Highlights Revenues of RMB1,474 million (US$208 million), representing a 92.3% increase versus 2022.Gross margin of 28.4%, representing a 32bps increase versus 2022.Net income of RMB78 million (US$11 million), representing a 115% increase versus 2022. Recent Operational Highlights Active registered users increased by 48% to 638,020 in 2023 as compared to 2022.Grew corporate customers to 582 in 2023, versus 391 in 2022.Pioneered a transformative approach in recruitment services by integrating Large Language Models (LLMs) with proprietary data to create Generative AI contents.Obtained two additional AI related patents in 2023 and
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LGCL
Sec Filings
- 4/29/24 - Form 20-F
- 4/29/24 - Form 6-K
- 4/29/24 - Form 6-K
- LGCL's page on the SEC website