Diamond Equity Research Releases Update Note on uCloudlink Group Inc. (NASDAQ: UCL) [Yahoo! Finance]
uCloudlink Group Inc. - American Depositary Shares (UCL)
Company Research
Source: Yahoo! Finance
companies has released update note on uCloudlink Group Inc. (NASDAQ: UCL). The update note includes information on uCloudlink Group Inc.'s financial results, management commentary, recent developments, outlook, risks, and our revised valuation estimates. The update note is available here . Highlights from the note include: UCL Fourth Quarter and Fiscal Year 2023 Financial Results - uCloudlink reported its financial results for Q4 2023, with total revenues of $21.7 million, up 10.8% year over year, compared to $19.6 million in the same period of 2022. The increase was primarily due to a 19.1% YoY increase in services revenues driven by the accelerated recovery of international travel and surging demand for data connectivity services. Overall gross margin was 52.0%, compared to 51.3% in Q4 2022. Total operating expenses increased from $11.2 million to $12.1 million as the company strengthened the sales force to promote its newly launched products. UCL's net loss for Q4 2023 was $1.8
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News
- UCLOUDLINK GROUP INC. Files 2023 Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- UCLOUDLINK GROUP INC. Files 2023 Annual Report on Form 20-FGlobeNewswire
- 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
Sec Filings
- 4/25/24 - Form SC
- 3/28/24 - Form 20-F
- 3/14/24 - Form 6-K
- UCL's page on the SEC website