17 Education & Technology Group Inc. Announces Third Quarter 2023 Unaudited Financial Results
Loss from operations for the third quarter of 2023 was RMB78.7 million (US$10.8 million), compared with RMB27.6 million in the third quarter of 2022.
- Loss from operations for the third quarter of 2023 was RMB78.7 million (US$10.8 million), compared with RMB27.6 million in the third quarter of 2022.
- Loss from operations as a percentage of net revenues for the third quarter of 2023 was negative 174.4%, compared with negative 22.2% in the third quarter of 2022.
- Net loss for the third quarter of 2023 was RMB72.9 million (US$10.0 million), compared with net loss of RMB23.5 million in the third quarter of 2022.
- Net loss as a percentage of net revenues was negative 161.6% in the third quarter of 2023, compared with negative 18.9% in the third quarter of 2022.