17 Education & Technology Group Inc.YQEarnings & Financial Report
McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...
YQ Q3 FY2024 Key Financial Metrics
Revenue
$1.2M
Gross Profit
$714.6K
Operating Profit
$-425.6K
Net Profit
$-342.2K
Gross Margin
60.9%
Operating Margin
-36.3%
Net Margin
-29.2%
YoY Growth
N/A
EPS
$-0.00
17 Education & Technology Group Inc. Q3 FY2024 Financial Summary
17 Education & Technology Group Inc. reported revenue of $1.2M for Q3 FY2024, with a net profit of $-342.2K (-29.2% margin). Cost of goods sold was $458.0K, operating expenses totaled $1.1M.
Key Financial Metrics
| Total Revenue | $1.2M |
|---|---|
| Net Profit | $-342.2K |
| Gross Margin | 60.9% |
| Operating Margin | -36.3% |
| Report Period | Q3 FY2024 |
17 Education & Technology Group Inc. Quarterly Revenue & Net Profit History
17 Education & Technology Group Inc. results over the last 7 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2024 | $1.2M | — | $-342.2K | -29.2% |
| Q2 FY2024 | $1.3M | — | $-1.1M | -82.5% |
| Q3 FY2023 | $853.0K | — | $-1.4M | -161.6% |
| Q2 FY2023 | $1.3M | — | $-912.0K | -69.2% |
| Q3 FY2022 | $2.4M | — | $-456.6K | -18.9% |
| Q2 FY2022 | $2.8M | — | $-544.4K | -19.8% |
| Q1 FY2022 | $5.1M | — | $-539.2K | -10.6% |
Income Statement
| Q1 2022 | Q2 2022 | Q3 2022 | Q2 2023 | Q3 2023 | Q2 2024 | Q3 2024 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.1M | $2.8M | $2.4M | $1.3M | $852978 | $1.3M | $1.2M |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q1 2022 | Q2 2022 | Q3 2022 | Q2 2023 | Q3 2023 | Q2 2024 | Q3 2024 | |
|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $149.4M | $116.2M | $109.8M | $81.2M | $76.7M |
| Liabilities | N/A | N/A | $31.1M | $3.6M | $3.7M | $3.2M | $3.0M |
| Equity | N/A | N/A | $118.3M | $12.4M | $11.3M | $7.9M | $7.9M |