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 ...

Financial Performance - Total revenues for Q4 2024 were US$26.0 million, a 19.5% increase from US$21.7 million in Q4 2023[5] - Gross profit for Q4 2024 was US$11.2 million, a slight decrease of 1.0% from US$11.3 million in Q4 2023[5] - Net loss for Q4 2024 was US$1.5 million, improved from a net loss of US$1.8 million in Q4 2023[18] - Total revenues for the full year 2024 were US$91.6 million, representing a 7.1% increase from US$85.6 million in 2023[25] - Gross profit for the full year 2024 was US$44.4 million, an increase of 5.7% from US$42.0 million in 2023[28] - Revenues from services increased by 2.4% to US$60.0 million in 2024, up from US$58.6 million in 2023, driven by data connectivity and PaaS/SaaS services[30] - Revenues from data connectivity services rose by 1.9% to US$47.6 million, with international data connectivity contributing US$39.5 million, reflecting a recovery in international travel[30] - Revenues from PaaS and SaaS services grew by 8.3% to US$11.3 million, as business partners utilized these services to enhance operational efficiency[30] - Product sales revenues surged by 17.1% to US$31.6 million, primarily due to a US$6.3 million increase in data-related product sales[30] - Net income improved to US$4.6 million in 2024, compared to US$2.8 million in 2023[37] - Total comprehensive income for the year ended December 31, 2024, was $4,329,000, compared to $3,398,000 in 2023, showing a 27.4% increase[55] Operating Expenses - Total operating expenses for Q4 2024 were US$14.1 million, compared to US$12.1 million in Q4 2023[14] - Cost of services decreased by 3.4% to US$23.5 million, while cost of products sold increased by 23.2% to US$23.7 million due to product mix[31] - Adjusted net income decreased to US$4.5 million from US$8.5 million in 2023, reflecting changes in operational expenses[38] - Research and development expenses decreased to $1,794,000 in Q4 2024 from $1,999,000 in Q4 2023, a reduction of 10.3%[55] - Adjusted EBITDA for the year ended December 31, 2024, was $7,090,000, down from $9,840,000 in 2023, a decline of 28.0%[58] Cash Flow and Assets - Cash and cash equivalents as of December 31, 2024, were US$30.1 million, up from US$27.7 million as of September 30, 2024[21] - Net cash generated from operating activities for the year ended December 31, 2024, was $9,186,000, compared to $6,507,000 in 2023, reflecting a 41% increase[56] - Cash and cash equivalents at the end of the year increased to $30,057,000 from $23,371,000, marking a 28.6% rise[56] - Total assets grew to US$64.979 million as of December 31, 2024, up from US$56.607 million in 2023, reflecting a strong financial position[54] Future Outlook - For Q1 2025, total revenues are expected to be between US$18.2 million and US$19.5 million, indicating a growth of 0.6% to 7.7% compared to Q1 2024[41] - Capital expenditures (CAPEX) increased to US$4.0 million from US$2.1 million in 2023, indicating a focus on growth and expansion[40] Sales Performance - Average daily active terminals in 2024 were 316,688, a 0.2% increase from 316,104 in 2023[5] - Total data consumed through the platform in 2024 was 172,912 terabytes, a decrease of 4.1% from 180,259 terabytes in 2023[5] - Revenues from data connectivity services in Q4 2024 were US$11.7 million, a decrease of 0.9% from US$11.8 million in Q4 2023[10] - The company reported an increase in sales of products to $10,945,000 in Q4 2024, up 61.5% from $6,803,000 in Q4 2023[55]

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 ...

Core Viewpoint - UCLOUDLINK GROUP INC. will report its unaudited financial results for Q4 and the full year ended December 31, 2024, on March 13, 2025, before U.S. markets open [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 8:30 a.m. U.S. Eastern Time on the same day [1] - The company is the world's first and leading mobile data traffic sharing marketplace, focusing on the telecommunications industry [3] Group 2: Conference Call Details - Listeners can access the call through various international and local toll-free numbers, including options for the U.S., UK, Mainland China, Hong Kong, Singapore, and Australia [2] - A live and archived webcast of the conference call will be available on the company's investor relations website [2] Group 3: Company Overview - UCLOUDLINK's business model is based on the sharing economy, providing unique value to mobile data users, handset companies, MVNOs, and MNOs [3] - The company utilizes innovative cloud SIM technology to enhance mobile data connectivity, offering reliable service, high speeds, and competitive pricing [3]

Core Insights - uCloudlink introduces the "Global First Network" concept aimed at transforming connectivity for IoT devices, individuals, and pets through innovative technologies [1][3] - The company emphasizes delivering convenient, secure, and premium connectivity across mobile internet, fixed broadband/Wi-Fi, and satellite communications with centralized AI management [2][10] Product Innovations - The PetPhone is the world's first smartphone for pets, enabling two-way interaction and featuring AI-powered live calls, global positioning, and health monitoring [4][10] - The eSIM TRIO combines OTA SIM, eSIM, and CloudSIM technologies, providing seamless global coverage and eliminating costly international roaming [5] - The MeowGo G50 Max is a mobile Wi-Fi hotspot that offers connectivity across multiple networks, powered by HyperConn™ technology [6] - The CloudSIM Kit delivers instant global 4G and 5G connectivity for IoT devices without requiring hardware modifications [7] Strategic Partnerships - uCloudlink aims to build a robust partner network with telecom and technology players to enhance service quality and unlock new revenue streams [8][9] - The company believes partnerships are essential for driving innovation and resolving issues like roaming costs and network congestion [9] Connectivity Solutions - uCloudlink's IoT connectivity solutions enhance network coverage and quality with reliable multi-network support and AI management [10] - The company focuses on people-centric connectivity, ensuring high-speed, reliable internet access globally without traditional roaming limitations [10] - The introduction of the PetPhone represents a significant advancement in pet connectivity, enhancing safety, health tracking, and community engagement for pet owners [10] Event Participation - uCloudlink invites attendees to its product launch at MWC Networking Hub, showcasing innovations that revolutionize connectivity for IoT, people, and pets [11]