China's 17EdTech Q4 revenue rises driven by subscriptions

Reuters03-25
China's 17EdTech Q4 revenue rises driven by subscriptions

Overview

  • China education technology firm's Q4 revenue rose 6.4% yr/yr

  • Gross margin for Q4 improved to 46.1% from 33.6% yr/yr

  • Adjusted net loss for Q4 widened yr/yr

Outlook

  • Company cites strong pre-sale orders and positive feedback for new AI-powered product

Result Drivers

  • SUBSCRIPTION REVENUE - Growth in school-based subscription model drove Q4 revenue increase

  • GROSS MARGIN IMPROVEMENT - Higher margin from subscription business and operating leverage boosted Q4 gross margin, per company

Company press release: ID:nGNX9CfjG5

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

RMB 38.9 mln

Q4 Net Income

-RMB 53 mln

Q4 Gross Margin

46.1%

Q4 Gross Profit

RMB 17.9 mln

Q4 Income from Operations

-RMB 54.6 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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