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Dec 31, 2024
YXT.COM Group Holding Ltd Q4 2024 Earnings Report
YXT.com reported a sharp year-end loss and revenue decline in Q4 2024 as it continued its transition toward large enterprise clients.
Key Takeaways
In Q4 2024, YXT.com experienced a challenging quarter, with revenue dropping to $10.9M and net loss expanding to $10.5M. The company emphasized AI-driven transformation and cost controls, but the topline and adjusted earnings still declined significantly.
Q4 revenue was $10.9M, down from $13.0M in Q4 2023.
Net loss widened to $10.5M in Q4, compared to just $2.1M in the first nine months combined.
Adjusted net loss for Q4 reached $9.8M, reflecting restructuring and strategic investment costs.
Company continues pivot to enterprise clients and rebranded to 'Radnova' for global markets.
YXT.COM Group Holding Ltd
YXT.COM Group Holding Ltd
Forward Guidance
YXT expects continued margin improvements through AI efficiency and a leaner enterprise-focused model, though revenue may remain pressured short term.
Positive Outlook
- AI-led cost optimization continues to reduce losses
- Transition to enterprise accounts is progressing
- Gross margin improved to 61.8%
- Adjusted expenses down across all departments
- Healthy cash balance of $57M provides operational cushion
Challenges Ahead
- Revenue decline due to CEIBS deconsolidation and reduced small customer base
- Adjusted net loss remains substantial at $9.8M
- Customer count declined significantly year over year
- IPO-related and restructuring expenses still weigh on performance
- No forward quarterly revenue guidance disclosed