Market Newsdesk

SAN FRANCISCO, Sept. 08, 2026 (GLOBE NEWSWIRE) — Hagens Berman Sobol Shapiro LLP alerts investors in Regeneron Pharmaceuticals (NASDAQ: REGN) that a securities class action lawsuit has been filed after its surprising revelations concerning a Phase 3 clinical trial of a therapy intended to treat patients with melanoma.

The news that the trial failed drove the price of Regeneron shares sharply lower and, along with the severe market reaction ($11 billion market cap wipeout), triggered the lawsuit which seeks to represent investors who purchased or otherwise acquired shares of Regeneron common stock between August 1, 2025 and May 15, 2026.

National shareholder rights firm Hagens Berman is investigating the legal claims and urges Regeneron investors with substantial losses to submit your losses now. The firm also invites persons who may be able to assist in the investigation to contact its attorneys.

View our latest video summary of the allegations: youtu.be/rsW1-f8ARRs

Class Period: Aug. 1, 2025 – May 15, 2026
Lead Plaintiff Deadline: Sept. 14, 2026
Visit:www.hbsslaw.com/regn
Contact the Firm Now: [email protected]
                                       844-916-0895

Regeneron Pharmaceuticals, Inc. (REGN) Securities Class Action:

The litigation is focused on the propriety of Regeneron’s repeated optimism about the state of- (and changes to-) its Phase 3 trial of Fianlimab in combination with Libtayo as a first-line treatment for metastatic or locally advanced melanoma (the “Study”).

The Study’s primary endpoint was progression-free survival (“PFS”) and Regeneron has characterized the combination as a “potential blockbuster.” “Events” – disease progression or death – determined the timing and statistical power of the primary PFS analysis.

The complaint alleges that Regeneron made false and misleading statements while failing to disclose critical information to investors. In particular, the lawsuit accuses the company and its management of not informing investors that the Study’s preliminary statistical assumptions were flawed, the active treatment arm was not achieving meaningful differentiation over standard therapies, and achievement of its primary endpoint was unlikely.

Throughout the Class Period, Regeneron and the other defendants assured investors of their confidence in the Trial’s achieving its primary endpoint even when events were slowing down. At one point, management said the slowing event rates are “because the test arms are performing well.”

The truth began to emerge on April 29, 2026, when Regeneron first revealed that it decided to alter the Trial protocol such that “t]he primary analysis of progression-free survival will now consider all patients enrolled in the study with a minimum follow-up of 6 months.”

One prominent analyst reportedly questioned whether the decision was made because, in contrast to management’s expressed confidence, the “underlying PFS benefit may be insufficient to show statistical significance.”

Then, on May 12, 2026, Regeneron admitted that the decision to alter the Trial protocol was made in response to “slow event rates,” occurred nearly six months ago, and was “submitted it to all the global regulatory authorities in November, December timeframe.”

Three days later, the final blow came. On May 15, 2026, Regeneron abruptly reported the “trial did not reach statistical significance of the primary endpoint of improvement in progression-free survival (PFS).”

“We’re focused on whether Regeneron altered the Trial protocol without timely telling investors to intentionally mislead them because the defendants knew so-called blockbuster potential for the combination wasn’t really there,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation of the pending claims in the suit.

If you invested in Regeneron and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to other frequently asked questions about the Regeneron case and the firm’s investigation, read more »

Whistleblowers: Persons with non-public information regarding Regeneron should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4d42c461-d988-4a68-b62e-94e8ce45b906

SAN JOSE, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) — As teachers welcome students back for another year of learning, California Water Service (Cal Water) is launching its 13th annual Tap Into Learning, a conservation education program designed to help students explore the importance of water through hands-on learning, creativity, and environmental stewardship.

Tap Into Learning provides schools in Cal Water service areas, which span from Chico in the north to the Palos Verdes Peninsula in the south, with engaging opportunities that support classroom learning while encouraging students to become thoughtful stewards of one of California’s most precious natural resources. The program offers activities and resources for students in kindergarten through 12th grade throughout the academic year.

“Back-to-school season is an exciting time for students to discover new ideas and for teachers to spark curiosity in the classroom,” said Marty Kropelnicki, Chairman and CEO. “For 13 years, Tap Into Learning has helped connect students with the importance of water conservation and sustainability in ways that are engaging, memorable, and meaningful. We are proud to continue supporting educators as they cultivate the next generation of environmental leaders.”

During the 2026-27 school year, eligible students, teachers, classrooms, and school-based organizations can participate in:

• Aqua Adventures, offering water- and nature-focused field trip experiences that bring environmental learning beyond the classroom for upper elementary students.
• Splash of Creativity, an individual art competition that encourages students to express their ideas about water conservation through original artwork.
• Water Smart Grants, providing funding for classroom projects that help students explore water-related science, sustainability, and conservation concepts through hands-on activities.
• H₂Oath, a conservation pledge initiative that empowers students and classrooms to make simple, everyday commitments to use water wisely.

In the 2025-26 school year, Tap Into Learning drew a combined 138 entries for its Aqua Adventures field trips, Splash of Creativity submissions, and Water Smart Grants. Cal Water awarded 12 Aqua Adventures experiences, 10 Splash of Creativity prizes, and 10 Water Smart Grants.

As California communities continue to focus on long-term water sustainability, Tap Into Learning helps students understand how individual actions can contribute to protecting local water resources. The program combines classroom engagement with real-world applications, giving students opportunities to turn learning into action.

Teachers are encouraged to explore available opportunities early in the school year and incorporate water education into science-, environmental studies-, art-, and sustainability-focused lesson plans.
For program details, eligibility requirements, and participation opportunities, visit tapintolearning.calwater.com.

About California Water Service

California Water Service provides high-quality, reliable water utility services to more than 2 million people statewide through 500,000 service connections. Cal Water’s purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s 1,200 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company, commemorating a century of service this year, has been named one of “America’s Most Responsible Companies” and one of the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work^®. More information is available at www.calwater.com.

MEDIA CONTACT: Yvonne Kingman, (310) 257-1434

Houston, Texas, Sept. 08, 2026 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced an equity investment in Collide Industrial Technologies Inc. (“Collide”) and “Strategic Partner” designation. Collide provides an AI-native operations system purpose-built for oil and gas that automates high-value engineering and operational workflows across upstream, midstream, and oilfield services sectors. The system is designed to reduce operating costs, compress cycle times, and unlock critical data trapped in legacy systems.

Key Highlights

• In conjunction with its equity investment in Collide, Battalion was designated a Strategic Partner, with priority access to the Collide Operations System and product advisory rights
• Purpose-built for oil and gas, Collide understands the industry’s data, language and workflows in ways general-purpose AI tools do not
• Proven client results: Demonstrated results across a range of upstream processes that once took operators hours or days to complete are now completed in minutes, with the client keeping full review and control
• Partnership expected to aid in M&A, reduce LOE, improve capital efficiency, and accelerate Battalion’s multi-year drilling program; financed from balance sheet cash
• As part of its broader AI strategy, Battalion is exploring development of a large-scale data center on Company-owned surface acreage in West Texas, leveraging existing power, water, and natural gas infrastructure

Management Comments

Battalion has entered into a strategic partnership with Collide, investing in Collide and assuming the role of Strategic Partner. Collide is building Riggs, the AI work environment designed specifically for oil and gas to automate the workflows that run the industry, targeting a $20 billion addressable market inside a $3 trillion annual global capital expenditure industry.

Riggs is powered by the Collide Operations System. Most AI tools answer from a general model that has never seen clients’ wells, leases, or history. Riggs is designed to answer from Battalion’s own data, gathered from the PDFs, spreadsheets, and legacy systems where it’s been stuck for decades, and connected into one live model for the business. Purpose-built agents work on that model, applying petroleum-engineering domain logic, and are designed to deliver analysis, mapping, and reporting to Battalion’s teams in minutes rather than days. And because everyone works from the same model, the land team will be able to see real-time production from the wells they administer, while a completions engineer can see the lease obligations that shape the next drilling decision.

The Collide Operations System also captures the hard-won knowledge that has historically lived only in the heads of veteran engineers and operators, preserving it before it walks out the door when a 30-year operator retires. As Collide puts it: stop renting expertise, start owning it.

As a Strategic Partner, Battalion will join Collide’s product advisory council and deploy the Collide Operations System across its upstream operations under an executed subscription agreement. The deployment begins by unifying more than 100 terabytes of well files, land records, contracts and production history into a single queryable model of the business. On that foundation, Battalion and Collide plan to build applications targeting the largest cost and revenue lines in the field: gas marketing reconciliation, field invoice review, power usage and hedging, and well failure diagnostics. Riggs, Collide’s AI work environment, is expected to reach Battalion’s production engineers at approximately day 90. Battalion sees Riggs as a natural fit for its Monument Draw cube development program in Ward County, Texas and in the continued efforts to consolidate accretive assets in and out of the basin.

The investment will be financed from balance sheet cash and is consistent with the Company’s ongoing effort to improve its financial and operating position while pursuing measured, accretive growth, and high ROI initiatives. The financial terms of the investment were not disclosed.

“Collide has solved a problem that has stumped the industry for a decade: building AI that actually speaks petroleum engineering,” said Matt Steele, Chief Executive Officer of Battalion. “Oil and gas skipped the SaaS era, but it will not skip AI, and we intend to be at the front of that adoption curve. As a Strategic Partner and investor, we gain both a seat at the table as the Collide Operations System evolves and early access to tools that we believe will significantly reduce our operating costs and improve capital efficiency across our asset base. This is exactly the kind of forward-looking investment that fits our strategy of moving from defense to offense.”

“Battalion’s partnership is a strong endorsement of what we’re building,” said Collin McLelland, Co-Founder and Chief Executive Officer of Collide. “Having an operator with Battalion’s Permian Basin expertise as a Strategic Partner means we build the Operations System even closer to the real problems engineers face every day — and that collaboration compounds directly into a smarter, more capable product for the entire industry.”

Forward Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not strictly historical statements constitute forward-looking statements. These include, among others, statements regarding the Collide partnership and investment, anticipated operational and financial benefits, capital deployment, and future guidance. Forward-looking statements may often, but not always, be identified by the use of such words such as “expects”, “believes”, “intends”, “anticipates”, “plans”, “estimates”, “projects,” “potential”, “possible”, or “probable” or statements that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved. These statements are based on current beliefs and expectations and involve certain assumptions or estimates and are subject to risks and uncertainties, including, but are not limited to, those described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings submitted by the Company to the SEC, copies of which may be obtained from the SEC’s website at www.sec.gov or through the Company’s website at www.battalionoil.com. Collide is an early-stage company, and there is no assurance that its products will perform as expected, will be adopted by the Company’s personnel, or will integrate successfully with the Company’s existing systems and data. Any anticipated reductions in operating costs or cycle times are estimates that depend on data quality, workflow adoption and factors outside the Company’s control, and may not be realized. Readers are cautioned not to place undue reliance on forward-looking statements, which are made only as of the date hereof. Except as required by law the Company has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company’s expectations.

About Battalion

Battalion Oil Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

About Collide Industrial Technologies

Collide builds AI infrastructure for the energy industry. Focused on upstream oil and gas, Collide develops domain-specific AI systems that preserve institutional expertise, activate underutilized operational data, and integrate into complex engineering and commercial workflows. As global energy demand increases and the industry undergoes workforce transition, Collide enables operators to improve efficiency, accelerate decision-making, and reduce operational costs. Learn more at collide.io.

BATTALION OIL CORPORATION
Matthew B. Steele
Chief Executive Officer
832-538-0300 | www.battalionoil.com

NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) —

ISP Global Capital

today issued an updated analysis of Fort Technology Inc. (Nasdaq: FRTT; TSXV: FORT) following the Company’s recent revenue growth and the closing of its acquisition of a 50.1% majority interest in Logia USA Inc.

The combination of Fort’s growing existing business and its majority investment in Logia USA provides the Company with a potentially significant new opportunity in the U.S. data center energy infrastructure market.

Fort recently reported approximately $7.36 million in revenue for the first six months of 2026, representing approximately 49% year-over-year growth. Second-quarter revenue reached approximately $4.20 million, an increase of approximately 60% compared with the same period in 2025.

ISP Global Capital believes the closing of the Logia USA transaction significantly expands the potential scale of Fort’s business if Logia USA successfully commercializes its technology in the U.S. data center market.

$50 Million Revenue Opportunity

Fort initially owns 50.1% of Logia USA. Under the transaction’s performance structure, the first performance-based equity rebalancing occurs only after Logia USA exceeds $50 million in cumulative qualifying sales, subject to the profitability requirements contained in the definitive agreement.

This provides Fort with majority exposure to Logia USA through its first major $50 million cumulative sales milestone as Logia USA targets fuel integrity and backup-power applications for data centers and other mission-critical facilities.

The potential scale is significant relative to Fort’s existing operations. Fort generated approximately $10.85 million in revenue during fiscal 2025, making the $50 million Logia USA milestone several times larger than Fort’s historical annual revenue base.

Artificial intelligence, cloud computing and hyperscale data center expansion continue to increase demand for power generation, backup power and energy-security infrastructure. ISP Global Capital believes this provides a potentially significant addressable market for technologies designed to improve the reliability of mission-critical standby power systems.

ISP Global Capital Estimates $250 Million–$350 Million Potential Valuation Scenario

Based on the Company’s recent revenue growth, the closing of the Logia USA acquisition and the potential scale of the data center opportunity, ISP Global Capital believes a $250 million–$350 million valuation could become supportable if Fort develops approximately $50 million in sustainable annual consolidated revenue while demonstrating strong growth and profitability.

The analysis applies an illustrative 5x–7x revenue multiple to $50 million in annual consolidated revenue:
$50 million × 5 = $250 million
$50 million × 7 = $350 million

ISP Global Capital believes such a valuation framework could become increasingly relevant if Fort demonstrates successful U.S. commercialization, meaningful data center customer adoption, sustainable margins and a credible path toward continued revenue growth.

The $250 million–$350 million range represents ISP Global Capital’s independent analytical scenario and is not Fort Technology management guidance or a representation of Fort’s current fair value.

A Potential Transformation of Fort Technology

ISP Global Capital believes three figures now define the developing Fort Technology investment thesis:

$7.36 MILLION — Fort’s revenue during the first six months of 2026, representing approximately 49% year-over-year growth.

$50 MILLION — Logia USA’s first major cumulative qualifying sales threshold before Fort’s initial 50.1% ownership becomes subject to performance-based equity rebalancing.

$250 MILLION–$350 MILLION — ISP Global Capital’s illustrative valuation scenario if Fort ultimately develops approximately $50 million in sustainable annual consolidated revenue and warrants a 5x–7x revenue multiple.

The closing of Logia USA moves Fort’s data center strategy beyond a proposed transaction and establishes a majority-owned platform through which the Company can pursue the U.S. data center energy infrastructure market.

ISP Global Capital believes successful execution could materially change Fort’s revenue profile and valuation as the Company seeks to participate in the infrastructure investment accompanying the expansion of artificial intelligence, cloud computing and hyperscale data centers.

About ISP Global Capital


ISP Global Capital
provides independent market research, corporate analysis and investment-focused commentary on public companies and emerging growth opportunities.

Important Disclosure and Forward-Looking Statements

This release represents analysis and opinions of ISP Global Capital and contains forward-looking statements and illustrative valuation scenarios. The $50 million figure discussed herein is a contractual cumulative sales milestone associated with the Logia USA transaction and should not be interpreted as a forecast or guarantee that Logia USA or Fort Technology will generate $50 million in annual revenue.

The $250 million–$350 million valuation range represents an illustrative ISP Global Capital analytical scenario based on applying a 5x–7x revenue multiple to hypothetical annual consolidated revenue of $50 million. It is not Fort Technology management guidance, a guarantee of future market capitalization or a representation of current fair value.

Actual results could differ materially based on commercialization, profitability, customer adoption, competition, financing, dilution, market conditions, execution and other risks. Investors should conduct their own due diligence and review Fort Technology’s applicable regulatory filings before making investment decision.

Contact

Taylor Owenby

ISP Global Capital

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a4d0207e-9b04-402e-9e99-1b11b9b3c71e

BEIJING, Sept. 09, 2026 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading AI-powered application service provider focused on personalized learning solutions, today announced its unaudited financial results for the second quarter of 2026.

Second Quarter 2026 Highlights¹

• Net revenues were RMB90.1 million (US$13.3 million), compared with net revenues of RMB25.4 million in the second quarter of 2025.
• Gross margin was 69.2%, compared with 57.5% in the second quarter of 2025.
• Net income was RMB1.1 million (US$0.2 million), compared with net loss of RMB26.0 million in the second quarter of 2025.
• Net income as a percentage of net revenues was 1.2% in the second quarter of 2026, compared with negative 102.1% in the second quarter of 2025.
• Adjusted net income
  (non-GAAP), which excluded share-based compensation expenses of RMB3.6 million (US$0.5 million), was RMB4.7 million (US$0.7 million), compared with adjusted net loss (non-GAAP) of RMB18.9 million in the second quarter of 2025.
• Adjusted net income (non-GAAP) as a percentage of net revenues was 5.2% in the second quarter of 2026, compared with negative 74.3% in the second quarter of 2025.

First Half 2026 Highlights¹

• Net revenues were RMB189.5 million (US$27.9 million), compared with net revenues of RMB47.1 million in the first half of 2025.
• Gross margin was 65.4%, compared with 47.7% in the first half of 2025.
• Net loss was RMB18.3 million (US$2.7 million), compared with net loss of RMB56.9 million in the first half of 2025.
• Net loss as a percentage of net revenues was negative 9.6% in the first half of 2026, compared with negative 120.9% in the first half of 2025.
• Adjusted net loss
  (non-GAAP), which excluded share-based compensation expenses of RMB7.8 million (US$1.2 million), was RMB10.4 million (US$1.5 million), compared with adjusted net loss (non-GAAP) of RMB41.3 million in the first half of 2025.
• Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 5.5% in the first half of 2026, compared with negative 87.7% in the first half of 2025.

1	For a reconciliation of non-GAAP numbers, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release.

Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “We are pleased to report another quarter of strong progress, with net revenues increasing 254.6% year over year and both GAAP and non-GAAP profitability achieved for the first time. More importantly, these results further validate our strategic transformation into an AI-powered application service provider and demonstrate the scalability and operating leverage of our evolving business model.”

“As we continue to extend our AI capabilities across the education ecosystem, we recently introduced a dedicated AI agent for teachers, designed to support key teaching workflows, including assessment, content generation and learning analytics, building upon our district-level AI agent initiatives and student-facing personalized learning services. Together, our district-level, teacher-facing and student-facing AI applications are forming an interconnected ecosystem spanning education administration, teaching and personalized learning. Going forward, we will continue to leverage AI to enhance our products and internal workflows, improve operating efficiency and support healthy, sustainable growth,” he added.

Ms. Sishi Zhou, Chief Financial Officer of the Company, commented, “Our second-quarter results underscore the improving economics of our evolving business model. Gross margin expanded to 69.2%, while continued revenue growth and disciplined cost management enabled us to achieve our first quarterly GAAP net profit. We are particularly encouraged that this improvement was achieved while continuing to invest in AI capabilities and product innovation.”

“With a cash position of RMB456.9 million as of quarter end, we maintain a strong financial position to support continued investment in innovation and long-term growth. We will remain disciplined in capital allocation as we balance growth investments with our commitment to sustainable profitability and long-term shareholder value creation.”

Second Quarter 2026 Unaudited Financial Results

Net Revenues

Net revenues for the second quarter of 2026 were RMB90.1 million (US$13.3 million), representing a year-over-year increase of 254.6% from RMB25.4 million in the second quarter of 2025. The substantial revenue growth was primarily driven by the continued expansion of Yiqi Aixue, the Company’s consumer-facing AI application service, together with ongoing contributions from district-level and school-based projects.

Cost of Revenues

Cost of revenues for the second quarter of 2026 was RMB27.8 million (US$4.1 million), representing a year-over-year increase of 157.2% from RMB10.8 million in the second quarter of 2025, which was mainly due to the increased related service delivery costs, driven by the continued growth of Yiqi Aixue.

Gross Profit and Gross Margin

Gross profit for the second quarter of 2026 was RMB62.3 million (US$9.2 million), compared with RMB14.6 million in the second quarter of 2025.

Gross margin for the second quarter of 2026 was 69.2%, compared with 57.5% in the second quarter of 2025, representing an improvement of 11.7 percentage points. The increase in gross margin was primarily attributable to the growing contribution of Yiqi Aixue, the Company’s consumer-facing AI application service and the continued optimization of the Company’s revenue mix.

Total Operating Expenses

The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages):

		For the three months ended June 30,
		2025								2026												Year-
		RMB				%				RMB				USD				%				over-year
Sales and marketing expenses			13,995				55.1	%			26,894				3,964				29.9	%			92.2	%
Research and development expenses			12,002				47.2	%			20,025				2,951				22.2	%			66.8	%
General and administrative expenses			17,066				67.2	%			16,032				2,363				17.8	%			-6.1	%
Total operating expenses			43,063				169.5	%			62,951				9,278				69.9	%			46.2	%

Total operating expenses for the second quarter of 2026 were RMB63.0 million (US$9.3 million), including RMB3.6 million (US$0.5 million) of share-based compensation expenses, representing a year-over-year increase of 46.2% from RMB43.1 million in the second quarter of 2025.

Sales and marketing expenses for the second quarter of 2026 were RMB26.9 million (US$4.0 million), including RMB1.1 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year increase of 92.2% from RMB14.0 million in the second quarter of 2025. The increase was primarily attributable to increased sales and marketing investment activities in support of the continued expansion of Yiqi Aixue.

Research and development expenses for the second quarter of 2026 were RMB20.0 million (US$3.0 million), including RMB0.9 million (US$0.1 million) of share-based compensation expenses, representing a year-over-year increase of 66.8% from RMB12.0 million in the second quarter of 2025. The increase in research and development expenses was primarily attributable to higher personnel-related costs associated with research and development activities to support a broader range of AI application scenarios.

General and administrative expenses for the second quarter of 2026 were RMB16.0 million (US$2.4 million), including RMB1.5 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year decrease of 6.1% from RMB17.1 million in the second quarter of 2025. The decrease was primarily attributable to lower share-based compensation expenses and disciplined cost management.

Loss from Operations

Loss from operations for the second quarter of 2026 was RMB0.6 million (US$0.1 million), compared with RMB28.5 million in the second quarter of 2025. Loss from operations as a percentage of net revenues for the second quarter of 2026 was negative 0.7%, compared with negative 112.0% in the second quarter of 2025.

Net Income




(Loss)

Net income for the second quarter of 2026 was RMB1.1 million (US$0.2 million), compared with net loss of RMB26.0 million in the second quarter of 2025. Net income as a percentage of net revenues was 1.2% in the second quarter of 2026, compared with negative 102.1% in the second quarter of 2025.

Adjusted Net Income




(Loss) (non-GAAP)

Adjusted net income (non-GAAP) for the second quarter of 2026 was RMB4.7 million (US$0.7 million), compared with adjusted net loss (non-GAAP) of RMB18.9 million in the second quarter of 2025. Adjusted net income (non-GAAP) as a percentage of net revenues was 5.2% in the second quarter of 2026, compared with negative 74.3% of adjusted net loss (non-GAAP) as a percentage of net revenues in the second quarter of 2025.

Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP).

Cash and Cash Equivalents, Restricted Cash and Term Deposits

Cash and cash equivalents, restricted cash and term deposits were RMB456.9 million (US$67.3 million) as of June 30, 2026, compared with RMB407.0 million as of December 31, 2025.

Conference Call Information

The Company will hold a conference call on Tuesday, September 8, 2026 at 9:00 p.m. U.S. Eastern Time (Wednesday, September 9, 2026 at 9:00 a.m. Beijing time) to discuss the financial results for the second quarter of 2026.

Please note that all participants will need to preregister for the conference call participation by navigating to https://register-conf.media-server.com/register/BI6a9b3074492c49129db706c4d4bc5622.

Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly.

Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/.

Non-GAAP Financial Measures

17EdTech’s management uses adjusted net income (loss) as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects.

Adjusted net income (loss) represents net income (loss) excluding share-based compensation expenses, and such adjustment has no impact on income tax.

Adjusted net income (loss) is used by 17EdTech’s management in its financial and operating decision-making as a non-GAAP financial measure, because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results.

The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income (loss) from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with U.S. GAAP.

Exchange Rate Information

The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ equity and cash flows from RMB into USD as of and for the three months ended June 30, 2026 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB6.7851 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on June 30, 2026. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2026, or at any other rate.

About 17 Education & Technology Group Inc.

17 Education & Technology Group Inc. is a leading AI-powered application service provider in China, focused on personalized learning solutions. Leveraging over a decade of large-scale, longitudinal educational insights accumulated from daily teaching and learning interactions across diverse scenarios, alongside deep user engagement, and advanced AI capabilities, the Company develops application services that help students learn more effectively, empower educators, and drive innovation across the education ecosystem.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China’s online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

17 Education & Technology Group Inc.

Ms. Lara Zhao
Investor Relations Manager
E-mail: [email protected]

17 EDUCATION & TECHNOLOGY GROUP INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted)
		As of December 31,				As of June 30,
		2025				2026				2026
		RMB				RMB				USD
ASSETS
Current assets
Cash and cash equivalents			246,448				456,856				67,332
Restricted cash			49				—				—
Term deposits			160,471				—				—
Accounts receivable, net			42,577				24,342				3,588
Prepaid expenses and other current assets, net			101,135				78,631				11,589
Total current assets			550,680				559,829				82,509
Non-current assets
Property and equipment, net			22,455				19,187				2,828
Right-of-use assets			15,003				12,541				1,848
Other non-current assets			2,385				2,364				348
TOTAL ASSETS			590,523				593,921				87,533
LIABILITIES
Current liabilities
Accrued expenses and other current liabilities			123,280				135,109				19,913
Deferred revenue and advances from customers, current			165,939				176,513				26,015
Operating lease liabilities, current			4,992				4,507				664
Total current liabilities			294,211				316,129				46,592

		As of December 31,				As of June 30,
		2025				2026				2026
		RMB				RMB				USD
Non-current liabilities
Operating lease liabilities, non-current			9,684				7,568				1,115
TOTAL LIABILITIES			303,895				323,697				47,707
SHAREHOLDERS’ EQUITY
Class A ordinary shares			256				256				38
Class B ordinary shares			140				140				21
Treasury stock			(42	)			(43	)			(6	)
Additional paid-in capital			11,126,837				11,134,106				1,640,964
Accumulated other comprehensive income			77,527				72,107				10,626
Accumulated deficit			(10,918,090	)			(10,936,342	)			(1,611,817	)
TOTAL SHAREHOLDERS’ EQUITY			286,628				270,224				39,826
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			590,523				593,921				87,533

17 EDUCATION & TECHNOLOGY GROUP INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted)
		For the three months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Net revenues			25,410				90,092				13,278
Cost of revenues			(10,798	)			(27,772	)			(4,093	)
Gross profit			14,612				62,320				9,185
Operating expenses (Note 1)
Sales and marketing expenses			(13,995	)			(26,894	)			(3,964	)
Research and development expenses			(12,002	)			(20,025	)			(2,951	)
General and administrative expenses			(17,066	)			(16,032	)			(2,363	)
Total operating expenses			(43,063	)			(62,951	)			(9,278	)
Loss from operations			(28,451	)			(631	)			(93	)
Interest income			2,248				1,686				248
Foreign currency exchange loss			(44	)			(21	)			(3	)
Other income, net			301				72				11
(Loss) income before provision for income tax			(25,946	)			1,106				163
Income tax expenses			(6	)			—				—
Net (loss) income			(25,952	)			1,106				163
Net (loss) income available to ordinary shareholders			(25,952	)			1,106				163
of 17 Education & Technology Group Inc.
Net (loss) income per ordinary share
Basic			(0.06	)		­­0.00				0.00
Diluted			(0.06	)		0.00				0.00
Net (loss) income per ADS (Note 2)
Basic			(3.00	)		0.10				0.02
Diluted			(3.00	)		0.09				0.01
Weighted average shares used in calculating net (loss) income per ordinary share
Basic			461,000,966			542,476,566				542,476,566
Diluted			461,000,966			582,168,348				582,168,348
Note 1: Share-based compensation expenses were included in the operating expenses as follows:
		For the three months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Share-based compensation expenses:
Sales and marketing expenses			1,929				1,118				165
Research and development expenses			2,872				939				138
General and administrative expenses			2,261				1,536				226
Total			7,062				3,593				529
Note 2: Each one ADS represents fifty Class A ordinary shares.

17 EDUCATION & TECHNOLOGY GROUP INC.
Reconciliations of non-GAAP measures to the most comparable GAAP measures
(In thousands of RMB and USD, except for share, per share and per ADS data)
		For the three months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Net (loss) income			(25,952	)			1,106				163
Share-based compensation			7,062				3,593				529
Income tax effect			—				—				—
Adjusted net (loss) income			(18,890	)			4,699				692

17 EDUCATION & TECHNOLOGY GROUP INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted)
		For the six months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Net revenues			47,078				189,544				27,935
Cost of revenues			(24,633	)			(65,643	)			(9,675	)
Gross profit			22,445				123,901				18,260
Operating expenses (Note 1)
Sales and marketing expenses			(27,008	)			(70,095	)			(10,331	)
Research and development expenses			(24,594	)			(36,212	)			(5,337	)
General and administrative expenses			(33,167	)			(39,519	)			(5,824	)
Total operating expenses			(84,769	)			(145,826	)			(21,492	)
Loss from operations			(62,324	)			(21,925	)			(3,232	)
Interest income			4,924				3,459				510
Foreign currency exchange loss			(111	)			(30	)			(4	)
Other income, net			621				244				36
Loss before provision for income tax and income from equity method investments			(56,890	)			(18,252	)			(2,690	)
Income tax expenses			(6	)			—				—
Net loss			(56,896	)			(18,252	)			(2,690	)
Net loss available to ordinary shareholders of 17			(56,896	)			(18,252	)			(2,690	)
Education & Technology Group Inc.
Net loss per ordinary share
Basic and diluted			(0.12	)		(0.03		)		(0.00		)
Net loss per ADS (Note 2)
Basic and diluted			(6.00	)		(1.68		)		(0.25		)
Weighted average shares used in calculating net income (loss) per ordinary share
Basic and diluted			461,652,947			542,610,162				542,610,162
Note 1: Share-based compensation expenses were included in the operating expenses as follows:
		For the six months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Share-based compensation expenses:
Sales and marketing expenses			4,022				1,965				290
Research and development expenses			5,269				2,631				388
General and administrative expenses			6,317				3,239				477
Total			15,608				7,835				1,155
Note 2: Each one ADS represents fifty Class A ordinary shares.

17 EDUCATION & TECHNOLOGY GROUP INC.
Reconciliations of non-GAAP measures to the most comparable GAAP measures
(In thousands of RMB and USD, except for share, per share and per ADS data)
		For the six months ended June 30,
		2025				2026				2026
		RMB				RMB				USD
Net Loss			(56,896	)			(18,252	)			(2,690	)
Share-based compensation			15,608				7,835				1,155
Income tax effect			—				—				—
Adjusted net loss			(41,288	)			(10,417	)			(1,535	)

CAMBRIDGE, Mass., Sept. 08, 2026 (GLOBE NEWSWIRE) — Seres Therapeutics, Inc. (Nasdaq: MCRB) (“Seres” or the “Company”), a leading live biotherapeutics company, today announced that on September 4, 2026, the Compensation and Talent Committee of Seres’ board of directors granted inducement equity grants consisting of stock options to purchase an aggregate of 4,200 shares of its common stock to two new employees. These stock options are subject to the terms of the Seres Therapeutics, Inc. 2022 Employment Inducement Award Plan (the “Inducement Plan”). The Inducement Plan is used exclusively for the grant of equity awards to individuals as an inducement material to their entering into employment with Seres pursuant to Nasdaq Listing Rule 5635(c)(4). The Inducement Plan was adopted by Seres’ board of directors in December 2022. The stock options have an exercise price of $5.72 per share. Each option will vest as to 25% of the total number of shares subject to the option on the first anniversary of the individual’s date of hire and as to 6.25% of the total number of shares subject to the option upon completion of each three full months of service to the Company thereafter.

About Seres Therapeutics

Seres Therapeutics, Inc. (Nasdaq: MCRB) is a clinical-stage biotechnology company developing novel live biotherapeutics products, designed to address unmet needs in oncology that can lead to interruption to patients’ cancer care and/or mortality, and to treat inflammatory and immune diseases, by modulating host function to protect and improve mucosal epithelial barrier integrity, induce immune homeostasis and tolerance, and prevent the colonization and overgrowth of pathogens in the gastrointestinal tract. For more information, please visit www.serestherapeutics.com.

Investor and Media Contact:

[email protected]

THORNTON, Colo., Sept. 08, 2026 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the KeyBanc Taking Charge: Energy Transition Symposium. MYR Group’s Chief Executive Officer, Rick Swartz, Chief Financial Officer, Kelly Huntington, and Vice President, Investor Relations and Treasurer, Jennifer Harper, will meet with institutional investors during the KeyBanc Taking Charge: Energy Transition Symposium on September 17, 2026, virtually. This event is only available to KeyBanc clients.

About MYR Group Inc.

MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects, and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance, and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance, and repair of commercial and industrial wiring generally for data centers, clean energy projects, airports, hospitals, hotels, commercial and industrial facilities, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, stadiums, and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies, and developers. For more information, visit myrgroup.com. 

Contact

Jennifer Harper, Vice President, Investor Relations & Treasurer, MYR Group Inc., (847) 979-5835, [email protected]