Sunlands Technology Group Announces Unaudited First Quarter 2019 Financial Results
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Sunlands Online Education (STG) Reports Q1 Loss of $2.46, Revenues Beat
May 28, 2019 6:33 AM EDTSunlands Online Education (NYSE: STG) reported Q1 EPS of ($2.46), versus ($0.16) reported last year. Revenue for the quarter came in at $84.1 million versus the consensus estimate of $82.97 million.
Net revenues were RMB564.2 million (US$84.1 million), representing a 38.8% increase year-over-year.Gross billings (non-GAAP) were RMB663.9 million (US$98.9 million), representing a 28.6% decrease year-over-year.Gross profit was RMB478.7 million (US$71.3 million), representing a 42.6% increase year-over-year.Net loss was RMB112.9 million (US$16.8 million), representing a 54.0% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 20.0% from 60.3% in the first... More