YXT.com Group Holding Limited reported a substantial reduction in annual losses for 2024, crediting artificial intelligence as a key driver of its strategic transformation and operational efficiency. The company narrowed its net loss to RMB92.1 million ($12.6 million), a 59.9% decrease from the previous year.
The technology firm's pivot from traditional digital learning platforms to AI-powered intelligent learning solutions appears to be yielding positive results. By embedding AI capabilities into its corporate training offerings, YXT.com has created more personalized and adaptive learning experiences for enterprise clients.
Key financial highlights include a gross margin improvement to 61.8% and a strategic realignment towards larger enterprise accounts. Despite a revenue decline of 21.9% to RMB331.2 million ($45.4 million), the company maintained a net revenue retention rate of 100.9% among subscription customers.
CEO Peter Lu emphasized the transformative potential of AI in corporate learning, noting that the technology enables personalized training experiences, knowledge preservation, and enhanced talent development. The company's AI initiatives have facilitated simulated conversations, automatic case recommendations, and real-time information retrieval for employees.
Looking forward, YXT.com has authorized a $10 million share repurchase program and remains focused on expanding both domestically and internationally. The company plans to introduce three new AI-powered business lines, positioning itself at the forefront of industry technological transformation.
The global corporate training market is projected to reach $44.6 billion by 2028, driven by increasing demands for workforce upskilling and reskilling. YXT.com's strategic AI integration places it well to capitalize on this growing market opportunity.
