UCLOUDLINK GROUP INC. Announces Unaudited Third Quarter 2022 Financial Results
uCloudlink Group Inc. - American Depositary Shares (UCL)
Company Research
Source: GlobeNewswire
HONG KONG, Nov. 16, 2022 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced its unaudited financial results for the three months ended September 30, 2022. Third Quarter 2022 Financial Highlights Total revenues were US$18.2 million, representing a decrease of 5.7% from US$19.3 million in the third quarter of 2021.Gross profit was US$8.7 million, representing an increase of 59.0% from US$5.5 million in the third quarter of 2021.Loss from operations was US$4.8 million, compared to a loss from operations of US$7.0 million in the third quarter of 2021.Net loss was US$4.6 million, compared to a net loss of US$7.0 million in the third quarter of 2021.Adjusted net income (non-GAAP) was US$0.6 million, compared to an adjusted net loss of US$6.0 million in the third quarter of 2021.Adjusted EBITDA (non-GAAP) was US$0.9 million, compared to negative US$5.4 million
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News
- UCLOUDLINK GROUP INC. Files 2023 Annual Report on Form 20-FGlobeNewswire
- Diamond Equity Research Releases Update Note on uCloudlink Group Inc. (NASDAQ: UCL) [Yahoo! Finance]Yahoo! Finance
- uCloudlink Group Inc. (NASDAQ:UCL) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- We Like These Underlying Return On Capital Trends At uCloudlink Group (NASDAQ:UCL) [Yahoo! Finance]Yahoo! Finance
- uCloudlink Group misses top-line and bottom-line estimates; initiates Q1 and FY24 outlook [Seeking Alpha]Seeking Alpha
UCL
Analyst Actions
- 1/10/24 - TheStreet
UCL
Sec Filings
- 3/14/24 - Form 6-K
- 2/7/24 - Form SC
- 2/5/24 - Form SC
- UCL's page on the SEC website