(Nasdaq: UCL) 4Q and Full Year 2023 Earnings Conference Call Presentation of this line of this line Disclaimer (Nasdaq: UCL) By viewing, accessing, or participating in this presentation, you agree to be bound by the following limitations. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. This presentation has been prepared by UCLOUDLINK GROUP INC. (the “Company”) solely for information purposes. This presentation does not constitute an offer to sell or i ...

uCloudlink Group Inc. (NASDAQ:UCL) Q4 2023 Earnings Conference Call March 14, 2024 8:30 AM ET Company Participants Zhiping Peng - Co-Founder & Board Chair Chaohui Chen - Co-Founder & CEO Yimeng Shi - CFO Jillian Zeng - IR Conference Call Participants Theodore O'Neill - Litchfield Hills Research Vivian Zang - Diamond Equity Research Operator Good day, and welcome to the uCloudlink Group Inc. Fourth Quarter and Full Year 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator In ...

UCloudlink Group Inc. Sponsored ADR (UCL) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -200%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.09, delivering a surprise of 350%.Over the last four quarters, the company ha ...

Financial Performance - Total revenues for Q4 2023 were US$21.7 million, a 10.8% increase from US$19.6 million in Q4 2022[5]. - Total revenues for the full year 2023 were US$85.6 million, representing a 19.8% increase from US$71.4 million in 2022[24]. - Revenues from services increased by 26.7% to US$58.6 million in 2023, up from US$46.2 million in 2022, driven by data connectivity services[28]. - Revenues from data connectivity services rose by 31.7% to US$46.7 million, with international data connectivity services contributing US$37.9 million, a 34.5% increase from US$28.1 million in 2022[28]. - Annual revenues for 2023 reached $85,576,000, representing a 19.8% increase from $71,461,000 in 2022[52]. Profitability - Gross profit for Q4 2023 was US$11.3 million, up 12.2% from US$10.1 million in Q4 2022, with a gross margin of 52.0%[5][10]. - Gross profit for the full year 2023 was US$42.0 million, a 29.0% increase from US$32.5 million in 2022, with a gross margin of 49.0%[26]. - Net loss for Q4 2023 was US$1.8 million, compared to a net loss of US$1.1 million in Q4 2022[5][16]. - Net income was US$2.8 million in 2023, a significant recovery from a net loss of US$19.9 million in 2022[34]. - Adjusted EBITDA improved to US$9.8 million in 2023, compared to a negative US$2.3 million in 2022[32]. - Adjusted net income for Q4 2023 was $1,081,000, down from $1,333,000 in Q4 2022[55]. - Total comprehensive income for 2023 was $3,398,000, compared to a loss of $17,531,000 in 2022[52]. Expenses - Research and development expenses for Q4 2023 were US$2.0 million, a 7.9% increase from US$1.9 million in Q4 2022[20]. - Sales and marketing expenses increased by 38.8% to US$14.3 million, primarily due to higher promotional fees and staff costs[29]. - Cost of services rose by 19.5% to US$24.3 million, up from US$20.3 million in 2022[28]. Cash and Assets - Cash and cash equivalents as of December 31, 2023, were US$23.4 million, up from US$20.3 million as of September 30, 2023[22]. - Cash and cash equivalents at the end of Q4 2023 were $23,371,000, up from $14,921,000 at the end of Q4 2022[53]. - Total assets increased to US$56.6 million as of December 31, 2023, up from US$45.9 million in 2022[51]. Operational Metrics - Average daily active terminals in Q4 2023 were 316,207, a 6.2% increase from 297,884 in Q4 2022[5]. - Total data consumed through the platform in Q4 2023 was 44,011 terabytes, a decrease of 1.8% from 44,814 terabytes in Q4 2022[5]. - The company served 2,595 business partners in 61 countries and regions as of December 31, 2023[5]. Future Projections - For Q1 2024, total revenues are expected to be between US$17.5 million and US$18.5 million, reflecting a potential decrease of 2.8% to an increase of 2.8% compared to Q1 2023[38]. - Total revenues for 2024 are projected to be between US$95.0 million and US$112.0 million, indicating an increase of 11.0% to 30.8% from 2023[38].

HONG KONG, March 14, 2024 (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 and year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Total revenues were US$21.7 million, representing an increase of 10.8% from US$19.6 million in the fourth quarter of 2022.Gross profit was US$11.3 million, representing an increase of ...

BARCELONA, Spain, Feb. 26, 2024 /PRNewswire/ -- At the highly anticipated Mobile World Congress 2024 (MWC 2024) held from February 26-29, UCLOUDLINK (NASDAQ: UCL), the world's first and leading mobile data traffic sharing marketplace, unveiled a suite of solutions that redefine industry benchmarks for connectivity and innovation. The showcase underscores UCLOUDLINK's dedication to its inspiring new vision - Better Connection Empowers Better Life. Leading the forefront in portable Wi-Fi terminals, UCLOUDLINK ...

uCloudlink Group Inc. (NASDAQ:UCL) Q3 2023 Earnings Conference Call November 15, 2023 8:30 AM ET Company Participants Zhiping Peng - Co-Founder & Board Chair Chaohui Chen - Co-Founder & CEO Yimeng Shi - CFO Jillian Zeng - IR Conference Call Participants Vivian Zang - Diamond Equity Research Theodore O'Neill - Litchfield Hills Research Operator Hello, and welcome to the uCloudlink Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's ...

(Nasdaq: UCL) 3Q 2023 Earnings Conference Call Presentation of this line of this line Disclaimer (Nasdaq: UCL) By viewing, accessing, or participating in this presentation, you agree to be bound by the following limitations. Any failuretocomply with these restrictions may constitute a violation of applicable securities laws. ThispresentationhasbeenpreparedbyUCLOUDLINKGROUPINC. (the“Company”)solelyforinformationpurposes.Thispresentationdoesnotconstituteanoffertosellorissueoraninvitationto purchaseorsubscribe ...

Exhibit 99.1 UCLOUDLINK GROUP INC. Announces Unaudited Third Quarter 2023 Financial Results Hong Kong, November 15, 2023 – 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, 2023. Third Quarter 2023 Financial Highlights Third Quarter 2023 Operational Highlights Executive Commentary Third Quarter 2023 Financial Results Revenues Total ...

uCloudlink Group Inc. (NASDAQ:UCL) Q2 2023 Earnings Conference Call August 16, 2023 8:30 AM ET Company Participants Jillian Zeng - Investor Relations Chaohui Chen - Co-Founder and Director, Chief Executive Officer Yimeng Shi - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Vivian Zang - Diamond Equity Research Yanxin Li - Great Wall Securities Operator Good day, and welcome to the uCloudlink Group, Inc. Second Quarter 2023 Earnings Conference Call. All part ...