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17 Education & Technology Group, Inc. (YQ)
:YQ
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-1.57Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 24, 2021
|% Change Since: 3.11%
|Next Earnings Date:Mar 08, 2021
Earnings Call Sentiment|Positive
The earnings call highlights significant revenue growth, improvement in margins, high contract renewal rates, and increased user engagement. Despite the decrease in cash reserves, the overall sentiment is positive due to the substantial narrowing of losses and successful project completions.Company Guidance
In the third quarter of 2024, 17EdTech reported robust financial performance with revenues growing by 32% year-over-year to CNY 59.6 million, driven by increased SaaS contracts and recurring revenue. The company also achieved a significant reduction in net loss, narrowing it by 76.1% to RMB 17.4 million, and further to RMB 5.7 million on a non-GAAP basis, reflecting an 89.5% year-over-year improvement. Gross margin improved to 60.9% from 54.1% the previous year, while operating expenses decreased by 43.7% to RMB 58.0 million. The company reported strong renewal rates, with 89% of initial contracts renewed, and noted a 37% expansion in service scope and student coverage. Additionally, the company highlighted operational efficiencies and a commitment to enhancing product offerings and sales channels to drive future growth, supported by cash reserves of RMB 339.7 million as of September 30, 2024.Revenue Growth
The revenue for the third quarter of 2024 increased by 32% to CNY 59.6 million compared to the previous year.
Narrowing Losses
Net loss on a GAAP basis decreased by 76.1% year-over-year, and the adjusted net loss non-GAAP decreased by 89.5%.
High Renewal Rate
89% of individual school contracts were renewed, with a 37% increase in service scope and student coverage.
Improved Gross Margin
Gross margin increased to 60.9% from 54.1% in the third quarter of 2023.
Increased User Engagement
450,000 active students engaged daily, with 45 million completed homework assignments, reflecting a 36% and 30% increase, respectively.
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YQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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YQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 11, 2024 | $1.61 | $1.69 | +4.97% |
| Sep 04, 2024 | $2.10 | $1.97 | -6.19% |
| Jun 05, 2024 | $2.68 | $2.60 | -2.99% |
| Mar 20, 2024 | $2.98 | $2.95 | -1.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 17 Education & Technology Group, Inc. (YQ) report earnings?
17 Education & Technology Group, Inc. (YQ) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is 17 Education & Technology Group, Inc. (YQ) earnings time?
17 Education & Technology Group, Inc. (YQ) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is YQ EPS forecast?
Currently, no data Available
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