YXT.COM Group Holding Limited Sponsored ADR ( (YXT) ) has released its Q4 earnings. Here is a breakdown of the information YXT.COM Group Holding Limited Sponsored ADR presented to its investors.
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YXT.com Group Holding Limited, a provider of AI-enabled enterprise productivity solutions, operates primarily in the technology sector, focusing on enhancing corporate learning and talent management through artificial intelligence. The company recently released its unaudited financial results for the full year 2024, highlighting a strategic shift towards large enterprise accounts and announcing a US$10 million share repurchase program.
In 2024, YXT.com reported total revenues of RMB331.2 million (US$45.4 million), a decrease from the previous year, primarily due to the deconsolidation of CEIBS Publishing Group. However, on a pro forma basis, revenues showed a slight increase of 1.0% compared to 2023. The company’s gross margin improved significantly to 61.8%, up from 54.1% in the prior year, reflecting successful cost optimization efforts. Net loss was reduced by 59.9% to RMB92.1 million (US$12.6 million), demonstrating effective operational optimization and strategic cost management.
YXT.com’s strategic focus on large enterprise customers resulted in a reduction of subscription customers to 2,405, down from 3,230 in 2023, after adjusting for the deconsolidation of CEIBS PG. The company’s net revenue retention rate remained stable at 100.9%. The financial results underscore the company’s commitment to leveraging AI for operational improvements and long-term growth, with new AI-powered business lines entering the customer validation phase.
Looking ahead, YXT.com is poised for global expansion, having rebranded its international operations under the name ‘Radnova’ and established a new entity in Singapore to serve as its overseas headquarters. The company remains focused on creating sustainable value for its customers and investors through strategic investments in technology and enterprise-focused solutions.