Sunlands Technology Group Posts Strong Fourth Quarter Financials

Published 4 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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