Rakuten on April 25
Good Future (NYSE: TAL) today reported financial results. According to the financial report, for the fiscal year ended February 29, 2024, Good Future's revenue was $1.49 billion, an increase of 46.2% from $1.1 billion in the same period last year.
For the fiscal year ended February 29, 2024, Good Future's gross profit was $806 million, up 38.2% from $583 million in the year-ago quarter.
For the fiscal year ended February 29, 2024, Good Future reported an operating loss of $69.2 million, compared to an operating loss of $90.7 million in the year-ago quarter, and a non-GAAP operating profit of $19.7 million, compared to a non-GAAP operating profit of $17.8 million in the year-ago quarter.
For the fiscal year ended February 29, 2024, Good Future posted a net loss of $3.6 million, compared to a net loss of $136 million in the year-ago quarter.
For the quarter ended Feb. 29, 2024, Good Future revenue was $430 million, up 59.7% from $269 million in the year-ago quarter.
As of February 29, 2024, Good Future's deferred revenue balance was $428.3 million, compared to $237.4 million as of February 28, 2023.
For the quarter ended February 29, 2024, Good Future costs and expenses were $445 million, an increase of 41.7% from $314 million in the year-ago quarter.
For the quarter ended February 29, 2024, Good Future costs were $202 million, up 58.4% from $128 million in the year-ago quarter, sales and marketing expenses were $126 million, up 69% from $74.5 million in the year-ago quarter, and administrative expenses were $117 million, up 4.5% from $112 million in the year-ago quarter.
For the quarter ended Feb. 29, 2024, Good Future's gross profit was $227 million, up 60.9% from $141 million in the year-ago quarter.
For the quarter ended February 29, 2024, Good Future reported an operating loss of $11.1 million, compared to an operating loss of $44.4 million in the year-ago quarter, and a non-GAAP operating profit of $9.4 million, compared to a non-GAAP operating loss of $18.1 million in the year-ago quarter.
For the quarter ended Feb. 29, 2024, Good Future reported a net profit of $27.5 million, compared to a net loss of $39.4 million in the year-ago quarter.
As of February 29, 2024, Good Future had cash and cash equivalents of $2,209 million and short-term investments of $1,095 million, and as of February 28, 2023, cash and cash equivalents of $2,022 million and short-term investments of $1,150 million.
As of now, Good Future's stock price is $12.8, up more than 4%, and the company's market capitalization is $8.17 billion.
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