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(1) uCloudlink (Nasdaq: UCL) 2Q 2024 Earnings Conference Call Presentation August 2024 of this line of this line (Nasdaq: UCL) Disclaimer 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 ...

uCloudlink Group, Inc. (NASDAQ:UCL) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Daniel Gao - Investor Relations Zhiping Peng - Co-Founder and Chairman Chaohui Chen - Director and CEO Yimeng Shi - CFO Conference Call Participants Theodore O'Neill - Litchfield Hills Research Operator Good day, and welcome to the uCloudlink Second Quarter 2024 Earnings Conference Call. All participants will be in the listen-only mode. [Operator Instructions]. Please note, this event is bein ...

UCloudlink Group Inc. Sponsored ADR (UCL) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 700%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.01, delivering a surprise of 200%.Over the last four qua ...

[Executive Commentary and Strategic Highlights](index=1&type=section&id=Executive%20Commentary) CEO highlights Q2 2024 revenues of $22.4 million, improved financial health, and strategic diversification into new 'GlocalMe Life' solutions and daily life applications - The company's 1.0 international data connectivity services business continues to grow, solidifying its market position, supported by the recovery in international travel and adoption of 5G solutions[4](index=4&type=chunk) - Launched three new 'GlocalMe Life' solutions (KeyTracker, RoamPlug, UniCord) in May 2024, which are expected to become a promising new revenue stream[4](index=4&type=chunk) - The company is strategically transitioning beyond the portable Wi-Fi market to scale its user base in daily life application scenarios, aiming to diversify revenue streams from data traffic to a mix including value-added services[6](index=6&type=chunk) [Second Quarter 2024 Financial & Operational Highlights](index=1&type=section&id=Second%20Quarter%202024%20Financial%20%26%20Operational%20Highlights) Q2 2024 saw total revenues of **$22.4 million** (+1.7% YoY), a significant turnaround to **$2.2 million** net income, and continued ecosystem expansion Q2 2024 Key Financial Metrics (YoY) | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Total Revenues | US$22.4 million | US$22.0 million | +1.7% | | Gross Profit | US$11.0 million | US$9.9 million | +11.4% | | Income/(Loss) from Operations | US$2.3 million | (US$0.9 million) | Turnaround to Profit | | Net Income/(Loss) | US$2.2 million | (US$0.9 million) | Turnaround to Profit | | Adjusted Net Income (Non-GAAP) | US$2.6 million | US$1.8 million | +44.4% | | Adjusted EBITDA (Non-GAAP) | US$3.3 million | US$2.1 million | +57.1% | Q2 2024 Key Operational Metrics (YoY) | Metric | Q2 2024 | Q2 2023 | Change | | :--- | :--- | :--- | :--- | | Total Data Consumed | 42,133 TB | 45,682 TB | -7.8% | | Average Daily Active Terminals | 306,289 | 318,778 | -3.9% | - As of June 30, 2024, the company served **2,699 business partners** in **61 countries** and had a SIM card pool from **392 MNOs** globally[5](index=5&type=chunk) [Detailed Financial Results (Q2 2024)](index=2&type=section&id=Detailed%20Financial%20Results%20(Q2%202024)) Q2 2024 revenues increased 1.7% to **$22.4 million**, driven by service and product sales, with improved gross margin and a turnaround to **$2.2 million** net income [Revenues](index=2&type=section&id=Revenues) Total revenues for Q2 2024 increased **1.7%** to **$22.4 million**, driven by growth in international data connectivity and product sales, with shifts in geographic contribution Revenue Breakdown (US$ in millions) | Revenue Source | Q2 2024 | Q2 2023 | YoY Change | | :--- | :--- | :--- | :--- | | **Total Revenues** | **$22.4** | **$22.0** | **+1.7%** | | Revenues from services | $14.2 | $14.1 | +0.5% | | - International data connectivity | $9.4 | $9.0 | +4.4% | | - Local data connectivity | $1.8 | $2.2 | -18.2% | | - PaaS and SaaS services | $2.6 | $2.6 | +0.9% | | Revenues from sales of products | $8.2 | $7.9 | +3.9% | Geographic Revenue Distribution | Region | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Japan | 46.2% | 43.0% | | North America | 14.6% | 29.5% | | Mainland China | 23.5% | 11.6% | | Other | 15.7% | 15.9% | [Cost of Revenues and Gross Profit](index=2&type=section&id=Cost%20of%20Revenues%20and%20Gross%20Profit) Cost of revenues decreased **6.2%** to **$11.4 million**, leading to an improved overall gross profit of **$11.0 million** and a gross margin of **49.2%** Gross Profit and Margin Analysis (US$ in millions) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | **Overall Gross Profit** | **$11.0** | **$9.9** | | Overall Gross Margin | 49.2% | 44.9% | | Gross Profit on Services | $8.5 | $8.2 | | Gross Margin on Services | 60.3% | 58.0% | | Gross Profit on Products | $2.5 | $1.7 | | Gross Margin on Products | 30.0% | 21.5% | - The decrease in cost of revenues was due to a decrease in both cost of services (**-5.1%**) and cost of products sold (**-7.3%**), driven by a higher proportion of high-margin international data services and a favorable product mix[9](index=9&type=chunk)[12](index=12&type=chunk) [Operating Expenses and Profitability](index=3&type=section&id=Operating%20Expenses%20and%20Profitability) Total operating expenses remained stable at **$9.1 million**, leading to an operating income of **$2.3 million** and a net income of **$2.2 million** for Q2 2024 Operating Expenses Breakdown (US$ in millions) | Expense Category | Q2 2024 | Q2 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Research and development | $1.5 | $1.6 | -4.1% | | Sales and marketing | $4.3 | $3.5 | +22.1% | | General and administrative | $3.3 | $3.9 | -14.8% | | **Total Operating Expenses** | **$9.1** | **$9.0** | **+1.1%** | Profitability Metrics (US$ in millions) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Income/(Loss) from Operations | $2.3 | ($0.9) | | Net Income/(Loss) | $2.2 | ($0.9) | | Adjusted Net Income (Non-GAAP) | $2.6 | $1.8 | | Adjusted EBITDA (Non-GAAP) | $3.3 | $2.1 | [Cash Flow and Financial Position](index=3&type=section&id=Cash%20Flow%20and%20Financial%20Position) Cash and cash equivalents increased to **$26.8 million** as of June 30, 2024, driven by a **$4.7 million** net operating cash inflow - Cash and cash equivalents increased to **US$26.8 million** as of June 30, 2024[21](index=21&type=chunk) - The increase in cash was mainly due to a net inflow of **US$4.7 million** from operations, partially offset by **US$1.6 million** in capital expenditures and **US$0.8 million** in bank borrowing repayments[21](index=21&type=chunk) - Capital expenditures were **US$1.6 million** in Q2 2024, up from **US$0.5 million** in Q2 2023[22](index=22&type=chunk) [Business Outlook](index=4&type=section&id=Business%20Outlook) UCLOUDLINK forecasts Q3 2024 total revenues between **US$24.0 million** and **US$28.0 million**, representing **0.4% to 17.2%** year-over-year growth - The company expects Q3 2024 total revenues to be between **US$24.0 million** and **US$28.0 million**[24](index=24&type=chunk) - This revenue guidance represents a projected year-over-year growth of **0.4% to 17.2%**[24](index=24&type=chunk) [Financial Statements (Unaudited)](index=6&type=section&id=Financial%20Statements) Unaudited financial statements show total assets of **$57.5 million**, shareholders' equity of **$19.6 million**, and a Q2 2024 net income of **$2.2 million** [Consolidated Balance Sheets](index=6&type=section&id=UNAUDITED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2024, total assets reached **$57.5 million**, with total liabilities decreasing and shareholders' equity growing to **$19.6 million** Key Balance Sheet Items (US$ in thousands) | Account | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | 26,831 | 23,371 | | Total Assets | 57,492 | 56,607 | | Total Liabilities | 37,860 | 40,554 | | Total Shareholders' Equity | 19,632 | 16,053 | [Consolidated Statements of Comprehensive Income](index=7&type=section&id=UNAUDITED%20CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME) Q2 2024 saw a net income of **$2.2 million** on **$22.4 million** revenues, a significant improvement from a net loss in Q2 2023 Q2 Income Statement Summary (US$ in thousands) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Revenues | 22,355 | 21,977 | | Gross Profit | 10,994 | 9,865 | | (Loss)/Income from Operations | 2,252 | (937) | | Net (Loss)/Income | 2,239 | (917) | | Basic/Diluted EPS (ADS) | $0.06 | ($0.02) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=UNAUDITED%20CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash generated from operating activities was **$4.7 million** in Q2 2024, leading to a **$2.3 million** net increase in cash and cash equivalents Q2 Cash Flow Summary (US$ in thousands) | Cash Flow Activity | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net cash from operating activities | 4,718 | 3,411 | | Net cash used in investing activities | (1,599) | (375) | | Net cash used in financing activities | (805) | (339) | | **Increase in cash** | **2,314** | **2,697** | | Cash at end of period | 26,831 | 18,628 | [Reconciliations of Non-GAAP and GAAP Results](index=9&type=section&id=UNAUDITED%20RECONCILIATIONS%20OF%20NON-GAAP%20AND%20GAAP%20RESULTS) Reconciliations show Q2 2024 adjusted net income of **$2.6 million** and adjusted EBITDA of **$3.3 million**, reflecting non-GAAP adjustments Reconciliation to Adjusted Net Income (US$ in thousands) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net (loss)/income | 2,239 | (917) | | Add: share-based compensation | 340 | 1,601 | | Add: fair value loss in other investments | 97 | 1,215 | | Less: share of profit in equity method investment | (54) | (63) | | **Adjusted net income** | **2,622** | **1,836** | Reconciliation to Adjusted EBITDA (US$ in thousands) | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Net (loss)/income | 2,239 | (917) | | Add: Interest, Tax, D&A, etc. | 648 | 301 | | **Adjusted EBITDA** | **3,270** | **2,137** |

HONG KONG, Aug. 07, 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 that it will report its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Wednesday, August 14, 2024. Management will hold a conference call to discuss these results at 8:30 a.m. U.S. Eastern Time / 8:30 p.m. Beijing Time the same day. Listeners may access the ca ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuati ...

证券研究报告 | 公司动态点评 2024 年 05月 23日 优克联（NASDAQ:UCL） 2024Q1 收入保持稳定，拓展生活场景应用促进公司业务发展 财务指标 2022A 2023A 2024E 2025E 2026E 买入（维持评级） 营业收入（百万美元） 71.46 85.58 103.14 126.86 159.08 股票信息 增长率yoy（%） -3.20% 19.75% 20.52% 23.00% 25.40% 归母净利润（百万美元） -19.85 2.81 5.29 6.70 9.01 行业 通信 增长率yoy（%） 56.88% 114.16% 88.30% 26.61% 34.44% 2024年5月22日收盘价（美元） 1.55 ROE（%） -213.68% 17.51% 24.80% 23.89% 24.31% 总市值（百万美元） 58.11 EPS最新摊薄（美元） -0.54 0.08 0.14 0.18 0.24 流通市值（百万美元） 18.37 P/E（倍） -3.24 22.89 12.16 9.60 7.14 总股本（百万股） 37.49 P/B（倍） 6.93 4.01 ...

PARIS, May 23, 2024 /PRNewswire/ -- GlocalMe®, the digital lifestyle brand under uCloudLink Group Inc. ("uCloudlink") (NASDAQ: UCL), today introduced three new products at VivaTech 2024. The GlocalMe Life KeyTracker, RoamPlug and Unicord are the latest products under the new GlocalMe Life product series that will keep digital consumers connected to their friends, family and work no matter where they are in the world. These new GlocalMe Life devices come with uCloudlink's patented Cloud SIM technology that e ...

uCloudlink Group, Inc. (NASDAQ:UCL) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET Company Participants Liam Xie - Investor Relations Zhiping Peng - Co-Founder and Chairman Chaohui Chen - Director and CEO Yimeng Shi - CFO Conference Call Participants Theodore O'Neill - Litchfield Hills Research Vivian Zhang - Diamond Equity Research Operator Good day, and welcome to the uCloudlink First Quarter 2024 Earnings Conference Call. All participants will be in the listen-only mode. [Operator Instructions] ...