17 Education & Technology Group Inc. (YQ) Reports Q2 Loss of $0.10/ADS

17 Education & Technology Group Inc. (NASDAQ: YQ) reported Q2 EPS of ($0.10). Revenue for the quarter came in at $19.9 million.

Business Outlook:

Based on our current estimates, total net revenues for the third quarter of 2022 are expected to be between RMB120 million and RMB140 million. The estimated total net revenues for the third quarter of 2022 are derived entirely from the ongoing businesses after the Company's business transformation and, as mentioned above, do not include revenues from the legacy online K-12 tutoring services. This estimated range represents a significant increase year-over-year when compared with the relatively small base of the net revenues generated from non-online K-12 tutoring services for the third quarter of 2021.

For earnings history and earnings-related data on 17 Education & Technology Group Inc. (YQ) click here.

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