UCLOUDLINK(UCL) - 2024 Q1 - Quarterly Report

Exhibit 99.1 ● Total revenues were US$85.6 million, representing an increase of 19.8$71.4 million in 2022. ● Gross profit was US$42.0 million, representing an increase of 29.0$32.5 million in 2022. ● Income from operations was US$2.6 million, compared to a loss from operations of US$19.2 million in 2022. ● Net income was US$2.8 million, compared to a net loss of US$19.9 million in 2022. ● Adjusted net income (non-GAAP) was US$8.5 million, compared to an adjusted net loss of US$3.9 million ...