Welcome to our dedicated page for 17 Education & Technology Group news (Ticker: YQ), a resource for investors and traders seeking the latest updates and insights on 17 Education & Technology Group stock.
17 Education & Technology Group Inc (NYSE: YQ) drives innovation in China's K12 education sector through its smart classroom solutions and data-driven SaaS platform. This news hub provides investors and educators with essential updates on the company's technological advancements, strategic partnerships, and educational impact.
Discover authoritative coverage of YQ's operational milestones including product enhancements, curriculum integration initiatives, and financial performance. Our curated news collection features:
• Earnings reports detailing subscription growth and platform adoption
• Technology updates on AI-driven learning analytics and interactive tools
• Partnership announcements with educational institutions and government bodies
• Market expansion initiatives within China's digital education infrastructure
Bookmark this page for continuous access to verified updates about YQ's role in transforming traditional classrooms through adaptive learning systems and real-time performance tracking solutions.
17 Education & Technology Group (NASDAQ: YQ) reported its Q4 and FY2024 financial results. For Q4 2024, net revenues decreased 22.7% YoY to RMB36.6M (US$5.0M), with gross margin declining to 33.6% from 43.4%. Q4 net loss improved to RMB63.7M from RMB98.4M YoY.
For FY2024, net revenues grew 10.7% to RMB189.2M (US$25.9M), while gross margin decreased to 36.6% from 47.2%. Annual net loss improved 38.1% to RMB192.9M. The company's SaaS subscription model showed triple-digit growth in Q4, with operating expenses decreasing 34% YoY.
Notable developments include the resignation of COO Qin Wen and Founder/CEO Andy Liu's agreement to subscribe for approximately 101.3M shares, which will increase his ownership to about 40% of the company.
17 Education & Technology Group (NASDAQ: YQ) has scheduled to release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. The announcement will be made on March 25, 2025, before U.S. markets open.
The company will host an earnings conference call on March 25, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing time). Participants must pre-register online to receive dial-in details and PIN numbers. A live and archived webcast will be available on the company's investor relations website.
17 Education & Technology Group (NASDAQ: YQ) reported its Q3 2024 financial results, showing significant improvements. Net revenues increased 32.2% year-over-year to RMB59.6 million (US$8.5 million). The company's gross margin improved to 60.9% from 54.1% in Q3 2023. Net loss narrowed substantially to RMB17.4 million (US$2.5 million) compared to RMB72.9 million in the same period last year.
The company's teaching and learning SaaS business showed consistent growth in school subscriptions, with operating expenses decreasing by 43.7% year-over-year. Cash and cash equivalents stood at RMB339.7 million (US$48.4 million) as of September 30, 2024.
17 Education & Technology Group (NASDAQ: YQ) has announced it will release its third quarter 2024 unaudited financial results on December 11, 2024, after U.S. markets close. The company will host an earnings conference call on December 11, 2024, at 8:00 p.m. U.S. Eastern Time (December 12, 2024, at 9:00 a.m. Beijing time). Participants must pre-register online to receive dial-in details. A live and archived webcast will be available on the company's investor relations website.
17 Education & Technology Group (NASDAQ: YQ) reported its Q2 2024 unaudited financial results. Net revenues were RMB67.5 million (US$9.3 million), slightly down from RMB69.2 million in Q2 2023. Gross margin decreased to 16.0% from 48.3% year-over-year. Net loss widened to RMB55.7 million (US$7.7 million) from RMB47.9 million in Q2 2023. The company's core SaaS business achieved 165% quarter-on-quarter growth. Total operating expenses decreased by 22.3% year-over-year to RMB71.0 million (US$9.8 million). The board approved a share repurchase program of up to US$10 million over 12 months.
17 Education & Technology Group Inc. (NASDAQ: YQ), a leading education technology company in China, has announced that it will release its unaudited financial results for the second quarter ended June 30, 2024, on September 4, 2024 after U.S. markets close. The company will host an earnings conference call on September 4, 2024, at 9:00 p.m. U.S. Eastern Time (September 5, 2024, at 9:00 a.m. Beijing time). Interested participants must pre-register online to receive dial-in details and a PIN number for the call. A live and archived webcast of the conference call will also be available on the company's investor relations website.
17 Education & Technology Group (NASDAQ: YQ) announced its unaudited financial results for Q1 2024. Net revenues reached RMB25.5 million (US$3.5 million), up 175% YoY from RMB9.3 million. Gross margin improved to 38.4% from 24.4% in Q1 2023. Despite the net loss narrowing to RMB56.1 million (US$7.8 million) from RMB92.5 million, it still represented a negative 219.9% of net revenues. Adjusted net loss (non-GAAP) was RMB42.7 million (US$5.9 million), down from RMB64.0 million. Cash and cash equivalents stood at RMB447.2 million (US$61.9 million) as of March 31, 2024. The company attributes growth to its core SaaS business and operational efficiency improvements.
17 Education & Technology Group (NASDAQ: YQ), a leading EdTech company in China, announced it will release its unaudited financial results for Q1 2024 on June 5, 2024, after U.S. markets close.
The management will host an earnings conference call at 9:00 p.m. U.S. Eastern Time on June 5, 2024, which is 9:00 a.m. Beijing Time on June 6, 2024. Interested parties must pre-register online to receive dial-in details.
The live and archived webcast of the call will be available on the company’s investor relations website.
