Yale Technology announced financial results for the fourth quarter of 2023.
Zhitong Finance learned that YALA.US (YALA.US) announced financial results for the fourth quarter of 2023. According to financial reports, Q4 revenue was US$80.9 million, up 7.7% year on year, and US$790,000 higher than market expectations. Net profit was $29.7 million, up 79% year over year. Net profit margin was 36.6%.
In the fourth quarter, non-GAAP net profit was US$33.4 million, up 53.8% year over year. Non-GAAP net profit margin was 41.3%. Basic and diluted earnings per share were $0.20 and $0.17, respectively, compared to $0.11 and $0.09, respectively, for the same period last year.
In the fourth quarter, the average number of monthly active users of Yale Technology was 36.2 million, 32 million in the same period last year, up 13.3% year on year; the number of paying users was 11.9 million, compared to 12.5 million in the same period last year, down 4.2% year on year.
As of December 31, 2023, the company had $535.7 million in cash and cash equivalents, restricted cash, time deposits, and short-term investments, compared to $545.1 million in the previous quarter.
Looking ahead, Yale Technology expects revenue for the first quarter of 2024 to be between $72 million and $79 million.