The following is a summary of the TAL Education Group (TAL) Q4 2024 Earnings Call Transcript:

Financial Performance:

• TAL Education Group reported Q4 revenue of $429.6 million, an increase of 59.7% YoY.

• Gross profit rose by 60.9% YoY to $227.3 million.

• Non-GAAP income from operations and non-GAAP net income attributable to TAL for the quarter were $9.4 million and $48.0 million, respectively.

• For the full fiscal year of 2024, they reported net revenues of $1.5 billion, representing a 46.2% YoY growth.

• The company ended the quarter with approximately $3.6 billion in cash and cash equivalents, short-term investments, and restricted cash.

Business Progress:

• TAL Education Group expanded their learning center network which led to increased enrollment and continued growth in the Learning Services business.

• They launched two new versions of learning devices, xPad2 Pro and xPad2 Pro Max, both of which gained early market acceptance according to the company.

• The MathGPT large language model developed by TAL featured at number 1 in the national rankings.

• The company's future efforts will be towards refining existing businesses and continuing to invest in artificial intelligence to optimize their service model. They also plan to manage sales channels, optimize marketing strategies, and explore collaborations.

• There are plans to continue investing in business development and diversifying methods to generate shareholder returns, including a potential stock repurchase.

More details: TAL Education IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.