Earnings Call Summary | 51Talk(COE.US) Q4 2023 Earnings Conference
Earnings Call Summary | 51Talk(COE.US) Q4 2023 Earnings Conference
The following is a summary of the 51Talk Online Education Group (COE) Q4 2023 Earnings Call Transcript:
Financial Performance:
51Talk reported a slight decline in Q4 net revenues by 2.2%, coming to $7.7 million.
Despite a revenue decline, the gross margin remained robust at 75.6% with gross billings at $11.1 million.
Operating expenses rose by 5.7% due to enhanced sales and marketing efforts.
The company reported a net loss of $4.6 million, higher by 19.1% than the prior quarter.
51Talk holds total cash, equivalents, and time deposits of $23.4 million.
The expected net gross billing for Q1 2024 will range from $11.5 to $12.0 million.
Business Progress:
In 2023 51Talk earned 100% of its revenue from international markets, reflecting the successful implementation of its global business model.
The company surpassed 50,000 active students and attained gross billings of $40 million, a significant rise from less than $1 million two years ago.
The upcoming year will see the focus shift towards intensifying localization efforts to tap into potential growth markets.
51Talk will continue investing in AI-enabled tools to further increase the efficiency of its teaching and learning practices.
More details: 51Talk 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.
The following is a summary of the 51Talk Online Education Group (COE) Q4 2023 Earnings Call Transcript:
以下是51Talk在線教育集團(COE)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
51Talk reported a slight decline in Q4 net revenues by 2.2%, coming to $7.7 million.
Despite a revenue decline, the gross margin remained robust at 75.6% with gross billings at $11.1 million.
Operating expenses rose by 5.7% due to enhanced sales and marketing efforts.
The company reported a net loss of $4.6 million, higher by 19.1% than the prior quarter.
51Talk holds total cash, equivalents, and time deposits of $23.4 million.
The expected net gross billing for Q1 2024 will range from $11.5 to $12.0 million.
51Talk報告稱,第四季度淨收入略有下降2.2%,至770萬美元。
儘管收入下降,但毛利率仍然強勁,爲75.6%,總賬單爲1,110萬美元。
由於銷售和營銷工作的加強,運營費用增長了5.7%。
該公司報告淨虧損460萬美元,比上一季度增長19.1%。
51Talk持有的現金、等價物和定期存款總額爲2340萬美元。
2024年第一季度的預計淨賬單總額將在1150萬美元至1,200萬美元之間。
Business Progress:
業務進展:
In 2023 51Talk earned 100% of its revenue from international markets, reflecting the successful implementation of its global business model.
The company surpassed 50,000 active students and attained gross billings of $40 million, a significant rise from less than $1 million two years ago.
The upcoming year will see the focus shift towards intensifying localization efforts to tap into potential growth markets.
51Talk will continue investing in AI-enabled tools to further increase the efficiency of its teaching and learning practices.
2023年,51Talk的收入100%來自國際市場,這反映了其全球商業模式的成功實施。
該公司的活躍學生超過5萬人,總賬單達到4000萬美元,較兩年前的不到100萬美元大幅增加。
來年,重點將轉移到加強本地化工作上,以開拓潛在的增長市場。
51Talk將繼續投資人工智能工具,以進一步提高其教學和學習實踐的效率。
More details: 51Talk IR
更多詳情: 51Talk 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.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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