AI-Powered Product Innovation
Successful trial and implementation of AI-powered product upgrades, facilitating teaching and learning efficiency, and providing personalized learning experiences.
Strong SaaS Subscription Growth
Increase in new contract acquisitions and expansion of existing customer base. Over 90% of renewal customers opted to continue their subscriptions.
Significant Reduction in Net Loss
Net loss on a GAAP basis decreased by 44.8% year-on-year, and adjusted net loss (non-GAAP) decreased by 47.5% year-on-year.
Operational Efficiency Improvements
Operating expenses reduced by 42.6% compared to the same quarter last year.
Strategic Partnerships and Market Presence
Enhanced distribution networks and strategic market penetration efforts solidified presence in high-growth markets.