YXT.COM Group Holding Limited Sponsored ADR ( (YXT) ) has provided an announcement.
YXT.com Group Holding Limited announced its unaudited financial results for the full year 2024, reporting total revenues of RMB331.2 million, a decrease from the previous year. The company has strategically shifted its focus toward large enterprise accounts, resulting in a reduction of small and medium-sized customers. Despite a net loss of RMB92.1 million, the company improved its gross margin to 61.8% and reduced its net loss by 59.9% compared to the prior year. The board approved a US$10 million share repurchase program, reflecting confidence in the company’s future prospects. The company’s AI initiatives have contributed to cost reduction and efficiency improvements, and it is poised for global expansion.
More about YXT.COM Group Holding Limited Sponsored ADR
YXT.com Group Holding Limited is a provider of AI-enabled enterprise productivity solutions, focusing on corporate learning solutions. The company is based in Suzhou, China, and is positioned at the forefront of AI-driven industry transformation, aiming to create sustainable value for customers and investors.
YTD Price Performance: -52.38%
Average Trading Volume: 51,931
Technical Sentiment Signal: Strong Buy
Current Market Cap: $157.7M
See more data about YXT stock on TipRanks’ Stock Analysis page.