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17 Education & Technology Group ( (YQ) ) has shared an update.
17 Education & Technology Group Inc. reported its third quarter 2024 financial results, showing a 32.2% increase in net revenues to RMB59.6 million, driven by growth in its SaaS contracts and recurring revenue. The company’s net loss significantly narrowed to RMB17.4 million from RMB72.9 million the previous year, reflecting improved operating efficiencies and a maturing SaaS billing model that supports future growth.
More about 17 Education & Technology Group
17 Education & Technology Group Inc. is a prominent player in the education technology sector in China, primarily offering teaching and learning SaaS solutions. The company focuses on enhancing educational experiences through digital tools, targeting both schools and educational institutions.
YTD Price Performance: -22.22%
Average Trading Volume: 23,934
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $12.47M
See more data about YQ stock on TipRanks’ Stock Analysis page.