Sunlands Technology Group Announces Unaudited Fourth Quarter and Full Year 2019 Financial Results
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Sunlands Online Education (STG) Reports Q4 Loss of $2.94, Revenues Beat
March 27, 2020 7:36 AM EDTSunlands Online Education (NYSE: STG) reported Q4 EPS of ($2.94). Revenue for the quarter came in at $79 million versus the consensus estimate of $74.35 million.
Fourth Quarter 2019 Financial and Operational Snapshots
Net revenues were RMB549.7 million (US$79.0 million), representing a 3.4% decrease year-over-year.Gross billings (non-GAAP) were RMB642.0 million (US$92.2 million), representing a 15.5% decrease year-over-year.Gross profit was RMB448.2 million (US$64.4 million), representing an 8.6% decrease year-over-year.Net loss was RMB139.5 million (US$20.0 million), representing a 24.0% decrease year-over-year. Net loss margin, defined as net loss as a percentage of net revenues, decreased to 25.4% from 32.3%... More