17 Education & Technology Group Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CNY 69.25 million compared to CNY 133.49 million a year ago. Net loss was CNY 47.93 million compared to CNY 26.43 million a year ago. Basic loss per share from continuing operations was CNY 5 compared to CNY 2.5 a year ago.
For the six months, sales was CNY 78.52 million compared to CNY 366.94 million a year ago. Net loss was CNY 140.46 million compared to CNY 51.2 million a year ago. Basic loss per share from continuing operations was CNY 14.5 compared to CNY 5 a year ago.