The following is a summary of the 51Talk Online Education Group (COE) Q4 2023 Earnings Call Transcript:

Financial Performance:

• 51Talk reported a slight decline in Q4 net revenues by 2.2%, coming to $7.7 million.

• Despite a revenue decline, the gross margin remained robust at 75.6% with gross billings at $11.1 million.

• Operating expenses rose by 5.7% due to enhanced sales and marketing efforts.

• The company reported a net loss of $4.6 million, higher by 19.1% than the prior quarter.

• 51Talk holds total cash, equivalents, and time deposits of $23.4 million.

• The expected net gross billing for Q1 2024 will range from $11.5 to $12.0 million.

Business Progress:

• In 2023 51Talk earned 100% of its revenue from international markets, reflecting the successful implementation of its global business model.

• The company surpassed 50,000 active students and attained gross billings of $40 million, a significant rise from less than $1 million two years ago.

• The upcoming year will see the focus shift towards intensifying localization efforts to tap into potential growth markets.

• 51Talk will continue investing in AI-enabled tools to further increase the efficiency of its teaching and learning practices.

More details: 51Talk IR

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