The Zhitong Finance App learned that Good Future (TAL.US) announced results for the fourth quarter and full year of the 2024 fiscal year. According to financial reports, the company's Q4 net revenue was US$429.6 million, up 59.7% from US$269 million in the same period last year; net profit attributable to the company was US$27.5 million, and net loss of US$39.4 million for the same period last year; basic and diluted earnings per ADS were 0.05 and 0.04 US dollars, respectively.

Non-GAAP net profit attributable to the company was $48 million, with a loss of $13.1 million in the same period last year; basic and diluted earnings per ADS were $0.08.

Gross profit increased 60.9% year over year to US$227.3 million. Operating loss was US$11.1 million, compared to US$44.4 million in the same period last year; operating profit under non-GAAP was US$9.4 million, and loss of US$18.1 million in the same period last year.

In terms of full-year results, the company's net revenue was US$1,490.4 million, up 46.2% year on year; net loss attributable to the company was US$3.6 million, compared to US$135.6 million in the same period last year; basic and diluted losses per ADS were 0.01 US dollars, respectively.

As of February 29, 2024, the company's total cash, cash equivalents and short-term investments amounted to US$3,303.3 billion.

After the announcement of the financial report, as of press release, the stock had risen more than 6% in the premarket.