On December 7th, Education Technology released its financial results for the third quarter of 2023. The financial report shows that in the third quarter, Education Technology achieved a revenue of 45.1 million yuan.
According to financial reports, Education Technology achieved a cumulative revenue of 124 million yuan in the first three quarters. Meanwhile, the company continues to optimize costs and expenses, resulting in a year-on-year decrease of 14.5% in total expenses. As of September 30th, the total amount of cash and equivalents, including short-term investments and fixed deposits, owned by Education Technology has reached 524 million yuan, with a gross profit margin of 54.1%.