Currency and Economic Risks - The company operates in multiple markets, exposing it to fluctuations in currency exchange rates, which could adversely affect operational and financial results [171]. - A significant portion of the company's operations are conducted in mainland China, where the Renminbi has fluctuated unpredictably against the U.S. dollar, impacting conversion rates [172]. - Limited hedging options are available in mainland China, and the company has not entered into material hedging transactions to mitigate foreign currency exchange risk [173]. - Changes in China's economic, political, or social conditions could materially affect the company's operations and financial results [207]. - The PRC government imposes controls on currency conversion, affecting the company's ability to utilize revenues effectively and impacting investment value [234]. Operational and Management Risks - The company faces risks related to data loss and security breaches, which could lead to significant costs and damage to its reputation [174]. - Quality problems in products and services could result in decreased sales and harm to the company's reputation [177]. - Unauthorized access or manipulation of the company's products or systems could lead to legal claims and operational disruptions [178]. - The company's success depends on its ability to adapt to rapidly changing technologies, which is critical for maintaining competitiveness [181]. - The company relies heavily on its management team, and loss of key personnel could disrupt operations and adversely affect financial results [182]. - Issues with contract manufacturers could materially impact the company's operations, including production capacity and quality control [187]. - The company relies on third-party distributors for marketing and selling its products, and failure to retain key distributors could adversely affect its business [191]. - The company is dependent on a major chip manufacturer for smartphone chips, and any disruption in supply could hinder the development of its GlocalMe Inside service [190]. - The company uses third-party logistics providers for shipping, and any failure or disruption in these services could harm its business [194]. - The company’s results of operations are subject to seasonal fluctuations, particularly in the travel industry, with summers generally generating more revenue [195]. Legal and Regulatory Risks - The company is involved in various legal proceedings, which could have a material adverse effect on its business and financial condition [200]. - The CSRC has not issued definitive rules regarding the applicability of M&A Rules to the company's offerings, leading to uncertainty about regulatory requirements [209]. - The PRC government has significant oversight over the company's operations, which may result in regulatory changes affecting its business [217]. - The company must comply with new provisions regarding confidentiality and archives administration for overseas securities offerings, effective March 31, 2023 [212]. - The Measures for Cybersecurity Review require online platform operators with over one million users to apply for a cybersecurity review before listing abroad [211]. - The company faces potential sanctions from PRC authorities if it fails to obtain necessary approvals for offerings, which could materially affect its operations [211]. - The interpretation and enforcement of PRC laws and regulations remain uncertain, impacting the company's compliance and operational strategies [222]. - The company may face significant disruptions to its business operations if it fails to comply with new regulatory requirements [216]. - M&A Rules in mainland China establish complex procedures for acquisitions by foreign investors, potentially complicating growth through acquisitions [238]. - Regulatory uncertainties in mainland China may lead to frivolous legal actions, affecting the company's ability to enforce contractual rights [225]. Financial and Tax Risks - As of December 31, 2022, the company had $11.7 million in other investments, which decreased to $7.6 million in 2023 and increased to $8.7 million in 2024 [193]. - The company made a $15 million investment in June 2020, with a fair value of $8.7 million as of December 31, 2024 [193]. - The company fully redeemed a $17 million investment in December 2023, receiving $1.3 million [193]. - Dividends from mainland China subsidiaries are subject to a 10% withholding tax, which could increase tax liability and reduce cash available for the company [227]. - The statutory enterprise income tax rate in China is 25%, but Shenzhen Ucloudlink Technology Limited and Shenzhen uCloudlink qualify for a preferential rate of 15% as high and new technology enterprises [237]. - The People's Bank of China restricts offshore RMB loans to 30% of the domestic enterprise's ownership interest in the offshore enterprise, potentially limiting the ability of mainland China subsidiaries to provide loans [226]. - Mainland China regulations require that any loans or capital contributions to subsidiaries must be approved or registered with governmental authorities, which could delay funding and expansion efforts [229]. - The company may face penalties for unregistered leasehold interests, with potential fines up to RMB 10,000 per unregistered property [232]. - The evolving nature of foreign exchange regulations may lead to stricter approval processes affecting financial operations [243]. - Classification as a mainland China resident enterprise could impose a 25% enterprise income tax on global income [246]. Shareholder and Corporate Governance Risks - The trading price of the company's ADSs has been volatile since June 2020, influenced by market factors and the performance of other Chinese companies [259]. - The company regained compliance with Nasdaq's minimum bid price requirement of US$1.00 per ADS on November 22, 2022, after receiving a notification for non-compliance [262]. - As of February 28, 2025, Class B ordinary shares constitute approximately 32.4% of total issued shares but hold 87.8% of voting power, allowing significant influence over corporate matters [266]. - The company does not expect to pay dividends in the foreseeable future, relying on price appreciation of the ADSs for returns on investment [269]. - The concentration of share ownership among directors and principal shareholders may adversely affect the trading price of the ADSs and discourage changes in control [267]. - Holders of ADSs have limited voting rights and cannot directly attend shareholder meetings or vote unless they withdraw their shares [271]. - The depositary may vote on behalf of ADS holders if they do not receive voting instructions, which could limit shareholder influence [273]. - Cash dividends on ADSs are contingent on the company's decision to distribute dividends on Class A ordinary shares, with no current plans for cash dividends [275]. - The deposit agreement allows for amendments without prior consent from ADS holders, which may affect their rights [277]. - Shareholders may face difficulties enforcing judgments against the company due to its incorporation in the Cayman Islands [284]. Miscellaneous Risks - The company has registered 15 branches in mainland China as of February 28, 2025, but some service stores may not have the necessary approvals, risking fines up to RMB100,000 [258]. - The company is subject to evolving labor laws in China, which may lead to disputes or investigations affecting its financial condition [257]. - New Anti-Monopoly Guidelines for Internet Platforms may impact business operations and compliance requirements [251]. - Labor costs in China are expected to increase, which may adversely affect the company's profitability and operational results [255]. - The company has anti-takeover provisions that may limit shareholders' opportunities to sell shares at a premium [291]. - As a foreign private issuer, the company is exempt from certain U.S. securities regulations, including the requirement to file quarterly reports on Form 10-Q [292]. - The company did not hold an annual general meeting in 2024, relying on home country practices that differ from Nasdaq listing standards [294]. - The company may be classified as a passive foreign investment company (PFIC) if 75% or more of its gross income consists of passive income [295]. - Recent fluctuations in the market price of the company's American Depositary Shares (ADSs) have increased the risk of becoming a PFIC [296]. - The company intends to publish quarterly results as press releases and file an annual report on Form 20-F within four months of the fiscal year-end [292].

HONG KONG, March 26, 2025 (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 its GlocalMe eSIM TRIO received the "MWC Innovation Award" from SlashGear after unveiling the solution at the Mobile World Capital (MWC) 2025 in Barcelona. eSIM TRIO impressed SlashGear's team with its innovative and novel approach to redefining travel connectivity. SlashGear's "MWC Innovation Award" hono ...

HONG KONG, March 26, 2025 (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 its GlocalMe eSIM TRIO received the “MWC Innovation Award” from SlashGear after unveiling the solution at the Mobile World Capital (MWC) 2025 in Barcelona. eSIM TRIO impressed SlashGear’s team with its innovative and novel approach to redefining travel connectivity. SlashGear’s “MWC Innovation Award” hon ...

New York, NY, March 18, 2025 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public 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 below. uCloudlink Group Update Note March 2025   Highlights from the note inclu ...

Financial Data and Key Metrics Changes - Total revenue for 2024 increased by 7.1% year-over-year to $91.6 million, with net income of $4.6 million and net cash flow from operations of $9.2 million, representing a significant 41.2% increase from the previous year [8][34]. - Total revenue for the fourth quarter was $26 million, a 19.5% increase from $21.7 million in Q4 2023 [29]. - Overall gross margin was 48.4% in 2024, stable compared to 49% in 2023 [33]. Business Line Data and Key Metrics Changes - Revenue from data connectivity services for 2024 was $47.6 million, up 1.9% from $46.6 million in 2023, with international data connectivity service revenue rising to $39.5 million [32]. - Revenue from service in Q4 2024 was $15 million, representing an increase of 0.6% from $14.9 million in Q4 2023 [29]. - Average daily active terminals in Q4 were 308,386, with 54.3% from international data connectivity and 45.7% from local data connectivity [27]. Market Data and Key Metrics Changes - In Q4 2024, Japan contributed 53.6% to total revenue, while Mainland China contributed 20%, North America 12.1%, and other regions 14.3% [30]. - Revenue from Mainland China increased by 97.4% year-over-year, indicating strong adoption of international data connectivity solutions among Chinese consumers [9]. Company Strategy and Development Direction - The company is expanding its GlocalMe ecosystem and leveraging AI to enhance operational efficiency and user experience [11]. - New product launches, including PetPhone and CloudSIM Kit, are aimed at tapping into emerging markets and enhancing connectivity solutions [12][14]. - The company aims to build an integrated global mobile data traffic sharing marketplace, creating long-term sustainable value for shareholders [24]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of international travel, projecting a growth of 10% to 20% in 2025 due to increased travel activity [65]. - The company anticipates total revenue for 2025 to be between $95 million and $130 million, driven by both new business lines and recovery in international travel [24][66]. - Management highlighted the importance of investments in marketing and branding to support long-term growth and user acquisition [72][74]. Other Important Information - The company received approval for pilot operations of value-added telecommunication services in China, which is expected to enhance its domestic market presence [12][77]. - The company has a diversified user base and is actively negotiating partnerships to expand its retail channels [21][22]. Q&A Session Summary Question: What is the benefit of the PetPhone? - The PetPhone allows pets to communicate their needs to owners, enhancing interaction and creating a pet community [39][41]. Question: Will the PetPhone have the biggest impact in 2025? - Management believes the PetPhone will significantly impact the market due to its unique features and the attention it garnered at MWC 2025 [46][47]. Question: What assumptions were made about international travel in the revenue forecast? - The guidance for 2025 includes a recovery in international travel, contributing to expected revenue growth [65]. Question: Can you elaborate on trends in the cost structure? - Increased sales and marketing expenses were due to investments in new business initiatives, which are expected to yield returns in 2025 [70][72]. Question: What were the key drivers of revenue growth from Mainland China last year? - The growth was primarily driven by the increase in Chinese outbound travelers using the company's services, supported by strong branding [76][79].

UCloudlink Group Inc. Sponsored ADR (UCL) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. 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 ...

Exhibit 99.1 UCLOUDLINK GROUP INC. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results Hong Kong, March 13, 2025 – 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 the full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Full Year 2024 Financial Highlights Fourth Quarter and Full Year 2024 Operational Hi ...

Core Viewpoint - UCLOUDLINK GROUP INC. reported solid financial performance for the fourth quarter and full year of 2024, with total revenues increasing and a notable growth in the adoption of its GlocalMe ecosystem, despite some operational challenges [5][7]. Financial Highlights Fourth Quarter 2024 Financial Highlights - Total revenues reached US$26.0 million, a 19.5% increase from US$21.7 million in Q4 2023 [6][8]. - Gross profit was US$11.2 million, slightly down by 1.0% from US$11.3 million in Q4 2023 [6][12]. - Net loss narrowed to US$1.5 million from US$1.8 million in Q4 2023 [6][18]. - Adjusted net loss (non-GAAP) was US$3.1 million, compared to adjusted net income of US$1.1 million in Q4 2023 [6][22]. - Adjusted EBITDA (non-GAAP) was negative US$2.3 million, down from positive US$1.5 million in Q4 2023 [6][16]. Full Year 2024 Financial Highlights - Total revenues for 2024 were US$91.6 million, a 7.1% increase from US$85.6 million in 2023 [26][30]. - Net income was US$4.6 million, up from US$2.8 million in 2023 [35][36]. - Adjusted net income (non-GAAP) was US$4.5 million, down from US$8.5 million in 2023 [36][36]. - Adjusted EBITDA (non-GAAP) was US$7.1 million, compared to US$9.8 million in 2023 [33][33]. Operational Highlights - Total data consumed through the platform in Q4 2024 was 42,577 terabytes, a decrease of 3.3% from 44,011 terabytes in Q4 2023 [6]. - Average daily active terminals were 308,386, down 2.5% from 316,207 in Q4 2023 [6]. - In 2024, total data consumed was 172,912 terabytes, a decrease of 4.1% from 180,259 terabytes in 2023 [6]. - Average daily active terminals for 2024 were 316,688, a slight increase of 0.2% from 316,104 in 2023 [6]. Geographic Distribution - In Q4 2024, Japan contributed 53.6% to total revenues, while Mainland China contributed 20.0% [9]. - For the full year 2024, Japan contributed 47.4%, and Mainland China contributed 24.0% to total revenues [27]. Business Outlook - For Q1 2025, UCLOUDLINK expects total revenues between US$18.2 million and US$19.5 million, representing a 0.6% to 7.7% increase compared to Q1 2024 [41]. - For the full year 2025, total revenues are expected to be between US$95.0 million and US$130.0 million, indicating a growth of 3.7% to 41.9% from 2024 [41].

UCLOUDLINK GROUP INC. (UCL) will report its fourth-quarter 2024 results on March 13, before market open.See Zacks Earnings Calendar to stay ahead of market-making news.The consensus estimate for loss is pegged at 6 cents per share, whereas it incurred a loss of 5 cents in the year-ago quarter. The Zacks Consensus Estimate for revenues for the to-be-reported quarter is $25 million, suggesting 15.1% growth on a year-over-year basis. There has been no change in analyst estimates or revisions lately. Image Sour ...

HONG KONG, March 07, 2025 (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 was one of the first batch of 13 foreign-invested companies to receive approval for pilot operations of value-added telecommunications services by China’s Ministry of Industry and Information Technology (the “MIIT”). With the approval, UCLOUDLINK will be permitted to engage in value-added telecommunic ...