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For the three months ended 31 March 2022, 17 Education & Technology Group Inc-ADR revenues decreased 51% to RMB233.4M. Net loss decreased 96% to RMB24.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Sales and marketing expenses decrease of 97% to RMB18M (expense), Research and development decrease of 55% to RMB90.3M (expense).
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Revenue | 233.45 | 542.55 | 496.83 | 670.89 |
Gross Profit | 141.66 | 351.37 | 245.41 | 422.89 |
Operating Income | -29.11 | -28.9 | -498.28 | -279.76 |
Net Income | -24.77 | -25.55 | -489.93 | -266.74 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Total Assets | 1135.19 | 1580.42 | 1929.92 | 2811.25 |
Total Liabilities | 344.64 | 783.38 | 1141.53 | 1574.2 |
Total Equity | 790.54 | 797.04 | 788.39 | 1237.06 |
Period Ending: | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | ||||
Cash From Investing Activities | ||||
Cash From Financing Activities | ||||
Net Change in Cash |
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