17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]
17 Education & Technology Group Inc. - American Depositary Shares (YQ)
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Source: Yahoo! Finance
technology company in China, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights Net revenues were RMB47.3 million (US$6.7 million), compared with net revenues of RMB39.6 million in the fourth quarter of 2022. Gross margin was 43.4%, compared with 52.1% in the fourth quarter of 2022. Net loss was RMB98.4 million (US$13.9 million), compared with net loss of RMB103.1 million in the fourth quarter of 2022. Net loss as a percentage of net revenues was negative 207.9% in the fourth quarter of 2023, compared with negative 260.7% in the fourth quarter of 2022. Adjusted net loss (non-GAAP) , which excluded share-based compensation expenses of RMB16.6 million (US$2.3 million), was RMB81.8 million (US$11.5 million), compared with adjusted net loss (non-GAAP) of RMB70.1 million in the fourth quarter of 2022. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 172.8% in the
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News
- 17 Education & Technology Group Inc. Files Its Annual Report on Form 20-FGlobeNewswire
- 17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial ResultsGlobeNewswire
- 17 Education & Technology Group Inc. to Report Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results on March 20, 2024GlobeNewswire
YQ
Sec Filings
- 4/25/24 - Form 20-F
- 3/21/24 - Form 6-K
- YQ's page on the SEC website