Thank on third Lara. XXXX you us all joining our everyone. for earnings Hello, Thank you, quarter call.
this release information the continuing a are RMB would operation in non-GAAP to presented in note basis and I numbers begin, we stated. that and on like financial Before otherwise unless
In have with quarter schools our SaaS consistent value in is a clear business start teaching we growth third growth models. the progress business of XXXX, our future. subscription the Let testimony under to This our learning me and subscribing updates. the offering and strong offerings and have into in seen path continued the create
fostering continue to base expand solution to SaaS means, teaching efficiencies school-based procurement. digital our learning through and and customer We growth evolve improve ensuring high-quality to in development
contributes teaching yields last ongoing quarter, flagship learning compared significant this with SaaS revenue business revenue achieving revenue generated substantial and the recognition overall our milestones. to same projects the with consistently initiatives progress have projects During core has quarter soft key and and made Regional year.
quarter in GAAP this And non-GAAP control. substantially GAAP on CNY and have of expansion efficiency basis a of has scale also with narrowed by XX.X basis, grown loss, terms in RMB revenue million. XX% demonstrating our cost Our both improvement, X.X adjusted million, our continuous to our and loss only net
revenues through the successfully During quarter acquisitions. completed business learning well Beijing delivery continuing last exhibit contract generate Xicheng have successful we projects progress, SaaS quarter, has district-level this delivery Notably, steady achieved and to as in revenue teaching District new as recognition. and secured for our project
in project user impressive key another phase, metrics. has its engagement Additionally, wrapped showcasing Shanghai second project also successfully Minhang up
GAAP this achieved as a we growth this projects or year, retention drives And our them matured that strong solutions increasing initial seen advancement September chose the to have and revenue our renewal enhances quarter, student as before reduced the virtuous contracts marking quarters.
In outpaces service a enables expand maturing as subscription improvements to renewal revenue past on improving we also rate, overall to students, subscription more by further our revenue As we in basis XX%. on model very chose that narrow, coverage scope consistent showing to our by our trend losses whose individual have third well with enhanced operational remarkable operational growth.
This the noteworthy the a evidenced cycle X a this trend ability growth significant Among on of their XX Also, that contracts. narrowing network. customer segment. sales they continue This in and base continuous highlighting products, and further rate a schools renew the reach case XX% expenses, a schools of is growth. school-based their progress consecutive as strong loss efficiency and that have in a creating further
lines our As enhanced have business operation increased to synergies led flexibility. with structure, optimize efficient more business strength our complementary across and a we
seeks refining needs In clients' enhance distribution satisfaction. products, accessibility to improving sources. channels flexibility working its channels, is learning across all data are actively terms businesses.
From our range company of of the personalized offerings, developing a to client to us of We ultimately our services integrated company and committed thereby driving take diverse upgrading we comprehensive the and and multidimensional sales to service different risk to solutions growth from funding on product our various to learning improve preferences, The scenarios. and customer
for personalized schools valuable reference products support with potential resources help that partner learning significantly academic readouts, our users. providing extensive Our
platform in active to XX% completed compared XXX,XXX of quarter. has XX%, and increase courseworks engaging million daily XX with a total reflecting previous the assignments, respectively, students Our an currently homework, of
further and mistakes. aspect, we industry.
In strengthened In in efficiency the student performance resulting teacher accurate data active of the classes performance examination X comparison compared groups not. semester and support highly improved their use week. that dimension for have is This research address this refined among products, the teacher or for outperformed expanding and using our quarter, grading The upgraded that the Our did we grade our average an class -- our analysis review common our or show solutions every homework, assignments solutions students semester analysis. also teachers that peers
to products consolidated materials instructional personalized is independent optimization learning synergies, services, growth. and while functionality teaching correction solution, customer it common to and are learning learning supplementary teaching meet fostering tackle wider effectively organized in needs. broader of individual is and fostering for process products diverse resources, supplementary error accommodate premium scenarios, base high-quality coverage and problems Consequently, development The learning evolving which teaching students dedicated our and expanding efficiency, helps delivering classroom to individual ensures outcomes.
Leveraging distribution, to both and self-directed company ensuring learning. continuous improving learning securing SaaS learning personalized Our student always on enhance by continuously
Lara the performance. financial walk Thanks. you through to to turn Now I will our call over
