17 Education & Technology Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 45.1 million compared to CNY 124.57 million a year ago. Net loss was CNY 72.88 million compared to CNY 23.54 million a year ago. Basic loss per share from continuing operations was CNY 8.5 compared to CNY 2.5 a year ago.
For the nine months, sales was CNY 123.62 million compared to CNY 491.51 million a year ago. Net loss was CNY 213.34 million compared to CNY 74.73 million a year ago. Basic loss per share from continuing operations was CNY 23 compared to CNY 7.5 a year ago.