BEIJING, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Highlights1 Net revenues were RMB59.6 million (US$8.5 million), compared with net revenues of RMB45.1 million in the third quarter of 2023.Gross margin was 60.9%, compared with 54.1% in the third quarter of 2023.Net loss was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023.Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compar

BEIJING, Dec. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, on December 11, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, December 11, 2024 at 8:00 p.m. U.S. Eastern Time (Thursday, December 12, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to pre-register online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all

BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1 Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023.Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023.Net loss was RMB55.7 million (US$7.7 million), compared with net loss of RMB47.9 million in the second quarter of 2023.Net loss as a percentage of net revenues was negative 82.5% in the second quarter of 2024,

BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, on September 4, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, September 04, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, September 05, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all pa

BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million (US$7.8 million), compared with net loss of RMB92.5 million in the first quarter of 2023.Net loss as a percentage of net revenues was negative 219.9% in the first quarter of 2024, compar

BEIJING, May 30, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on June 05, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, June 05, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, June 06, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to pre-register online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all participants nee

BEIJING, April 25, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on April 25, 2024. The annual report can be accessed on the Company's investor relations website at https://ir.17zuoye.com as well as on the SEC's website at http://www.sec.gov. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its s

BEIJING, March 21, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights1 Net revenues were RMB47.3 million (US$6.7 million), compared with net revenues of RMB39.6 million in the fourth quarter of 2022.Gross margin was 43.4%, compared with 52.1% in the fourth quarter of 2022.Net loss was RMB98.4 million (US$13.9 million), compared with net loss of RMB103.1 million in the fourth quarter of 2022.Net loss as a percentage of net revenues was negative 207.9

BEIJING, March 15, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on March 20, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, March 20, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, March 21, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note t

BEIJING, Jan. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated January 4, 2024, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement") and the matter is closed. On August 3, 2023, 17EdTech received a notification letter (the "Deficiency Notice") from the Nasdaq indicating that the closing bid price for the Company's American depositary sha

BEIJING, Dec. 02, 2021 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China with an "in-school + after-school" integrated model, announced today that Mr. Minghui Wu has been appointed as a new independent director to the Company's board of directors (the "Board"), effective on December 2, 2021. After the changes, the Board will consist of seven directors, three of whom are independent directors. Concurrent with the appointment of Mr. Wu, the Board has approved to further update the composition of the Board's committees in furtherance of good corporate governance. The Board's three committees wil

BofA Securities downgraded 17 Education & Technology Group from Buy to Underperform

Morgan Stanley downgraded 17 Education & Technology from Overweight to Underweight and set a new price target of $3.00

Goldman downgraded 17 Education & Technology Group from Buy to Neutral

Goldman Sachs downgraded 17 Education & Technology from Buy to Neutral and set a new price target of $5.30 from $19.00 previously

BEIJING, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Highlights1 Net revenues were RMB59.6 million (US$8.5 million), compared with net revenues of RMB45.1 million in the third quarter of 2023.Gross margin was 60.9%, compared with 54.1% in the third quarter of 2023.Net loss was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023.Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compar

BEIJING, Dec. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, on December 11, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, December 11, 2024 at 8:00 p.m. U.S. Eastern Time (Thursday, December 12, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to pre-register online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all

BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1 Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023.Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023.Net loss was RMB55.7 million (US$7.7 million), compared with net loss of RMB47.9 million in the second quarter of 2023.Net loss as a percentage of net revenues was negative 82.5% in the second quarter of 2024,

BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024, on September 4, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, September 04, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, September 05, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all pa

BEIJING, June 06, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the first quarter of 2024. First Quarter 2024 Highlights1 Net revenues were RMB25.5 million (US$3.5 million), compared with net revenues of RMB9.3 million in the first quarter of 2023.Gross margin was 38.4%, compared with 24.4% in the first quarter of 2023.Net loss was RMB56.1 million (US$7.8 million), compared with net loss of RMB92.5 million in the first quarter of 2023.Net loss as a percentage of net revenues was negative 219.9% in the first quarter of 2024, compar

BEIJING, May 30, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024, on June 05, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, June 05, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, June 06, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to pre-register online prior to the call to receive the dial-in details. Conference Call Preregistration Please note that all participants nee

BEIJING, March 21, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. Fourth Quarter 2023 Highlights1 Net revenues were RMB47.3 million (US$6.7 million), compared with net revenues of RMB39.6 million in the fourth quarter of 2022.Gross margin was 43.4%, compared with 52.1% in the fourth quarter of 2022.Net loss was RMB98.4 million (US$13.9 million), compared with net loss of RMB103.1 million in the fourth quarter of 2022.Net loss as a percentage of net revenues was negative 207.9

BEIJING, March 15, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023, on March 20, 2024 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, March 20, 2024 at 9:00 p.m. U.S. Eastern Time (Thursday, March 21, 2024 at 9:00 a.m. Beijing time). Please note that all participants will need to preregister online prior to the call to receive the dial-in details. Conference Call Preregistration Please note t

BEIJING, Dec. 07, 2023 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2023. Third Quarter 2023 Highlights1 Net revenues were RMB45.1 million (US$6.2 million), compared with net revenues of RMB124.6 million in the third quarter of 2022.Gross margin was 54.1%, compared with 74.5% in the third quarter of 2022.Net loss was RMB72.9 million (US$10.0 million), compared with net loss of RMB23.5 million in the third quarter of 2022.Net loss as a percentage of net revenues was negative 161.6% in the third quarter of 2

BEIJING, China, Nov. 30, 2023 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ:YQ) ("17EdTech" or the "Company"), a leading education technology company in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023, on December 6, 2023 after the close of U.S. markets. The Company's management will hold an earnings conference call on Wednesday, December 6, 2023 at 8:00 p.m. U.S. Eastern Time (Thursday, December 7, 2023 at 9:00 a.m. Beijing time). Conference Call Preregistration Please note that all participants need to pre-register for the conference call by navigating to https://register.vevent.com/register/B

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