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 |
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