Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2018 Financial Results
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Sunlands Online Education (STG) Misses Q4 Revenue Estimates
March 22, 2019 6:38 AM EDTSunlands Online Education (NYSE: STG) reported Q4 EPS of ($3.88), $3.66 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $82.73 million versus the consensus estimate of $83.07 million.
Fourth Quarter 2018 Financial and Operational Highlights
Net revenues were RMB568.8 million (US$82.7 million), representing a 65.0% increase year-over-year.Gross billings (non-GAAP) were RMB759.8 million (US$110.5 million), representing a 5.8% decrease year-over-year.Gross profit was RMB490.3 million (US$71.3 million), representing an 84.8% increase year-over-year.Net loss was RMB183.7 million (US$26.7 million), representing a 57.1% decrease year-over-year. Net loss margin, defined as net loss as a... More