17 Education & Technology Group (YQ) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
17 Education & Technology Group Inc. (17EdTech) reported a stable revenue of RMB67.5 million in Q2 2024, but experienced a decline in gross margin to 16.0% and an increased net loss of RMB55.7 million compared to the previous year. Despite the losses, the company’s CEO highlighted strong quarter-on-quarter growth in their core SaaS business and the CFO noted a trend of narrowing operational losses, indicating progress in operational efficiency and product value.
For further insights into YQ stock, check out TipRanks’ Stock Analysis page.
