Sunlands Technology Group Posts Strong Fourth Quarter Financials

Published 11 hours agoSTG

Sunlands Technology Group Posts Strong Fourth Quarter Financials

Sunlands Technology Group has reported impressive financial results for the quarter ending December 31, 2024. The company achieved a GAAP earnings per share (EPS) of $1.53, supported by net revenues of $67.2 million. Gross profit for the period came in at $55.0 million, giving the company a robust gross margin of approximately 82%.

Operating expenses totaled $48.1 million for the quarter, with sales and marketing expenses accounting for $43.1 million, product development at $0.6 million, and general and administrative expenses at $4.4 million. Sunlands Technology Group reported a net income of $7.9 million, while its non-GAAP net income, excluding share-based compensation expenses, was $8.0 million with a non-GAAP EPS of $1.18. Additionally, deferred revenue at the period's end was $916.5 million, showing a decline from the previous quarter, and the refund liability also decreased to $112.3 million.

These financial results indicate Sunlands Technology Group's solid performance in managing its earnings and expenses. As reported by sources like Reuters, Sunlands has managed to maintain a steady hand on its operations despite fluctuations in deferred revenue and refund liabilities. The company's strategic focus remains on strengthening its market position and financial stability moving forward.

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