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17 Education & Technology Group Inc - YQ STOCK NEWS

Welcome to our dedicated news page for 17 Education & Technology Group (Ticker: YQ), a resource for investors and traders seeking the latest updates and insights on 17 Education & Technology Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 17 Education & Technology Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 17 Education & Technology Group's position in the market.

Rhea-AI Summary
17 Education & Technology Group Inc. (YQ) announced its unaudited financial results for Q4 and FY 2023, with net revenues of RMB47.3 million in Q4, showing a 19.7% YoY increase, but a net loss of RMB98.4 million. For FY 2023, net revenues were RMB171.0 million, a decrease of 67.8% YoY, with a net loss of RMB311.8 million. The company's adjusted net loss (non-GAAP) was RMB81.8 million in Q4 and RMB228.1 million for FY 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
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Rhea-AI Summary
17 Education & Technology Group Inc. (YQ) will release unaudited financial results for Q4 and FY 2023 on March 20, 2024. Earnings conference call scheduled on the same day. Participants must pre-register online to receive dial-in details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
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conferences earnings
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Rhea-AI Summary
17 Education & Technology Group Inc. (Nasdaq: YQ) has successfully regained compliance with the Nasdaq Listing Rule 5450(a)(1) and closed the matter related to the minimum bid price requirement. The company changed the ratio of its ADSs representing its Class A ordinary shares, which became effective on December 18, 2023, leading to the closing bid price of the Company’s ADSs being at $1.00 per ADS or greater for 11 consecutive business days from December 18, 2023, through January 3, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.9%
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none
Rhea-AI Summary
17 Education & Technology Group Inc. (Nasdaq: YQ) plans to change the ratio of its American Depositary Shares to its Class A ordinary shares from 1:10 to 1:50.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.25%
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none
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Rhea-AI Summary
17 Education & Technology Group Inc. (NASDAQ: YQ) announced its unaudited financial results for the third quarter of 2023, revealing a net loss of RMB72.9 million (US$10.0 million) and net revenues of RMB45.1 million (US$6.2 million), a significant decrease from the third quarter of 2022. The company is focused on core teaching and learning SaaS business and signing contracts under the SaaS billing model.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.22%
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Rhea-AI Summary
17 Education & Technology Group Inc. (NASDAQ: YQ) will report its unaudited financial results for Q3 2023 on December 6, 2023, after the close of U.S. markets. The earnings conference call will be held on December 6, 2023, at 8:00 p.m. U.S. Eastern Time. Participants need to pre-register for the conference call. A live and archived webcast will be available at https://ir.17zuoye.com/
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
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conferences earnings
Rhea-AI Summary
17 Education & Technology Group Inc. announces unaudited financial results for Q2 2023
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-1.11%
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Rhea-AI Summary
17EdTech to report Q2 financial results on August 28, 2023
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0.95%
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conferences earnings
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.43%
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17 Education & Technology Group Inc

Nasdaq:YQ

YQ Rankings

YQ Stock Data

25.31M
348.85M
8.31%
7.32%
0.5%
Elementary and Secondary Schools
Educational Services
Link
China
Beijing

About YQ

17zuoye is a top online education company for k12 schools in china that allows teachers to assign provincial standards-aligned digital activities to students. it has one of the most refreshing and innovative approaches to online learning in china, leveraging games to engage students and encourage better learning outcomes. 17zuoye is dedicated to providing intelligent education resources and services to teachers, students and parents. 17zuoye was launched in oct 2011, and by june 2016, it covers over 20 million registered students in over 20,000 schools, and has completed series d financing round of $100 million. 17zuoye offers a multi-platform homework solution that is in sync with the textbook curriculum and enhanced by big data analytics. 17zuoye provides the teachers with good teaching tools and comprehensive statistics, the students with interesting learning apps and individualized adaptive learning content, and the parents with immediate study reports. 17zuoye also acts as a socia