Sunlands Technology Group Announces Unaudited Fourth Quarter 2020 Financial Results
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Sunlands Technology Group (STG) Reports Q4 Loss of $1.67, Revenues Beat
March 18, 2021 6:02 AM EDTSunlands Technology Group (NYSE: STG) reported Q4 EPS of ($1.67), versus $0.00 reported last year. Revenue for the quarter came in at $89.6 million versus the consensus estimate of $74.35 million.
Fourth Quarter 2020 Financial and Operational Snapshots
Net revenues were RMB584.6 million (US$89.6 million), representing a 6.3% increase year-over-year.Gross billings (non-GAAP) were RMB647.8 million (US$99.3 million), compared with RMB642.0 million in the fourth quarter of 2019.Gross profit was RMB486.7 million (US$74.6 million), representing an 8.6% increase year-over-year.Net loss was RMB73.5 million (US$11.3 million), representing a 47.3% decrease year-over-year.Net loss... More