uCloudlink Group misses top-line and bottom-line estimates; initiates Q1 and FY24 outlook [Seeking Alpha]
uCloudlink Group Inc. - American Depositary Shares (UCL)
Company Research
Source: Seeking Alpha
As of December 31, 2023, the company had cash and cash equivalents of $23.4 million, compared to $20.3 million as of September 30, 2023. CAPEX was $0.4 million, compared to $0.1 million in the same period of 2022. Adjusted EBITDA was $1.5 million, compared to an adjusted EBITDA of $1.6 million in the fourth quarter of 2022. In the fourth quarter of 2023, average daily active terminals were 316,207 (10,075 owned by the Company and 306,132 owned by our business partners), representing an increase of 6.2% from 297,884 in the fourth quarter of 2022. In the fourth quarter of 2023, total data consumed through the Company's platform was 44,011 terabytes (6,173 terabytes procured by the Company and 37,838 terabytes procured by our business partners), representing a decrease of 1.8% from 44,814 terabytes in the fourth quarter of 2022. Business Outlook For the first quarter of 2024 , UCLOUDLINK expects total revenues to be between $17.5 million and $18.5 million vs. consensus of $2
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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
- 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
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