Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [18] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [21] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [20][21] - Revenue from services was $17 million, a slight decrease of 1.4% from $17.3 million in Q3 2024, contributing 80.6% of total revenue [19] Business Line Data and Key Metrics Changes - GlocalMe LINE business line saw average monthly active terminals reach 3,903, an increase of 408.2% year-over-year [7] - GlocalMe IoT recorded a year-over-year increase of 583.0% in average monthly active terminals [9] - GlocalMe SYNC surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average monthly active terminals [10] - Average monthly active users (MAUs) for GlocalMe IoT, GlocalMe SYNC, and GlocalMe Life increased by 593.3%, 188.2%, and 382.3%, respectively [18] Market Data and Key Metrics Changes - Geographically, revenue contributions in Q3 2025 were 33.2% from Japan, 35.1% from Mainland China, 15.4% from North America, and 16.3% from other regions [19] - The company reported a significant increase in revenue from Mainland China, driven by the recovery of Chinese outbound travel post-pandemic [32][34] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions, including investments in R&D and marketing [6] - New product lines such as GlocalMe LINE, GlocalMe SYNC, and GlocalMe IoT are expected to drive future growth [6][14] - The company plans to establish a new operational structure and raise additional capital to accelerate the global expansion of its pet tech business [8][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex macroeconomic environment but emphasized operational profitability and stable margins [5] - For Q1 2025, the company expects total revenues to be between $22 million and $26.5 million, indicating a potential decrease of 15.4% to an increase of 1.9% compared to Q1 2024 [14] - The company is revising its full-year 2025 revenue guidance to a range of $81.3 million to $85.8 million due to ongoing macroeconomic challenges [15] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [22] - The average daily active terminals (DATs) were 332,674, reflecting a 3.8% increase from Q3 2024 [17] Q&A Session Summary Question: Sources of $9 million in other income - Management clarified that the $9 million gain was from the fair values of other investments, indicating a change in fair values [23] Question: Reasons for decline in product sales - Management explained that product sales decreased by $4 million, primarily due to a drop in low-margin product sales and delayed orders from a Japanese customer [24][25] Question: Drivers behind increased revenue from Mainland China - Management attributed the growth to the recovery of Chinese outbound travel and the popularity of 5G services [32][34] Question: Impact of trade tensions on the market - Management expressed optimism about the US market, anticipating growth due to new product launches and partnerships with major retailers [38] Question: Details on PetPhone orders - Management confirmed that 30,000 units of PetPhone were ordered for the Middle East market, with the remaining units allocated for the US market [48][49]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [18] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [21] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [20] - Revenue from services was $17 million, a slight decrease of 1.4% from $17.3 million in Q3 2024, contributing 80.6% of total revenue [19] Business Line Data and Key Metrics Changes - GlocalMe LINE business line saw average monthly active terminals reach 3,903, an increase of 408.2% year-over-year [7] - GlocalMe IoT recorded a year-over-year increase of 583.0% in average monthly active terminals [9] - GlocalMe SIM surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average monthly active terminals [10] - Average monthly active users (MAUs) for GlocalMe IoT, GlocalMe SIM, and GlocalMe Life increased by 593.3%, 188.2%, and 382.3%, respectively [18] Market Data and Key Metrics Changes - Geographically, Japan contributed 33.2%, Mainland China 35.1%, North America 15.4%, and other regions 16.3% to total revenue in Q3 2025 [19] - The revenue from Mainland China has increased significantly, becoming the largest market, driven by the recovery of Chinese outbound travel [33][34] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions, including AI-powered technology for pet communication [6] - Investment in R&D and marketing is prioritized to accelerate innovation and enhance user experience [6] - The company plans to develop pet tech as a standalone application, integrating social entertainment and a comprehensive pet ecosystem [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic challenges while maintaining operational profitability [5] - For Q1 2025, total revenues are expected to be between $22 million and $26.5 million, reflecting a potential decrease of 15.4% to an increase of 1.9% compared to Q1 2024 [14] - The company anticipates continued growth in user numbers and revenue contributions from new product lines despite current challenges [41][42] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [22] - Average daily active terminals (DAT) were 332,674, reflecting a 3.8% increase from Q3 2024 [17] Q&A Session Summary Question: Sources of $9 million in other income - The $9 million gain was attributed to changes in fair values of other investments [24] Question: Reasons for decline in product sales - Product sales decreased by $4 million, primarily due to low-margin products and delayed orders from a Japanese customer [25][26] Question: Drivers behind revenue increase in Mainland China - The increase was driven by the recovery of Chinese outbound travel and higher adoption of 5G services [33][34] Question: Impact of trade tensions on the market - Limited impact anticipated, with expectations for growth in the U.S. market due to new product launches [39] Question: Details on in-car infotainment system orders - The company has secured orders from multiple providers, covering major markets including North America and Europe [54]

Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [18] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [20] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [19][20] - Revenue from service was $17 million, a slight decrease of 1.4% from $17.3 million in Q3 2024, contributing 80.6% of total revenue [19] Business Line Data and Key Metrics Changes - GlocalMe LINE business line saw average monthly active terminals reach 3,903, an increase of 408.2% year-over-year [8] - GlocalMe IoT recorded a year-over-year increase of 583.0% in average monthly active terminals [10] - GlocalMe SYNC surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average monthly active terminals [11] - Average monthly active users (MAUs) for GlocalMe IoT, GlocalMe SYNC, and GlocalMe Life increased by 593.3%, 188.2%, and 382.3%, respectively [18] Market Data and Key Metrics Changes - Geographically, Japan contributed 33.2%, Mainland China 35.1%, North America 15.4%, and other regions 16.3% to total revenue in Q3 2025 [19] - The revenue from Mainland China has increased significantly, becoming the largest market due to the recovery of Chinese outbound travel [27][28] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions and plans to invest in R&D and marketing to accelerate growth [6][14] - New product lines such as GlocalMe LINE, GlocalMe SYNC, and GlocalMe IoT are expected to drive future growth, with strong user adoption and positive feedback [6][10] - The company aims to establish a new operational structure and raise additional capital to support global expansion, particularly in the pet tech sector [9][10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex macroeconomic and trade environment but emphasized maintaining operational profitability and stable margins [5] - For Q1 2025, the company expects total revenues to be between $22 million and $26.5 million, indicating a potential decrease of 15.4% to an increase of 1.9% compared to Q1 2024 [15] - The company is revising its full-year 2025 revenue guidance to a range of $81.3 million to $85.8 million due to ongoing macroeconomic challenges [16] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [21] - Average daily active terminals (DATs) were 332,674, reflecting a 3.8% increase from Q3 2024 [17] Q&A Session Summary Question: Sources of $9 million in other income - Management clarified that the $9 million gain was from the fair values of other investments, identified as a change in fair values [23] Question: Reasons for decline in product sales - The decline was attributed to a $2.6 million decrease in low-margin product sales and a $1.1 million decrease due to delayed orders from a Japanese customer [24] Question: Drivers behind revenue increase in Mainland China - The growth was driven by the recovery of Chinese outbound travel and increased adoption of 5G services [27][28] Question: Impact of trade tensions on the market - Management believes the trade war has limited impact on the business, especially for new product launches in the US market [31] Question: Details on NCAR infotainment system orders - The company has secured orders from multiple providers, covering a significant portion of the market, indicating strong future growth potential [39]

Financial Performance - In Q2 2025, total revenues were US$194 million [9], a decrease of 133% year-over-year [45] - Net income for Q2 2025 was US$07 million [9] - Non-Mainland China revenue contribution was 668% in Q2 2025 [42] - Gross margin from services is consistently higher than overall gross margin [50] Business Strategy and Highlights - The company is accelerating three transformative lines: GlocalMe Life, SIM, and IoT, investing in R&D, go-to-market strategies, and brand building [11] - The company is fortifying its traditional line, GlocalMe MBB, offsetting tariff uncertainty and supply chain adjustments [11] - PetPhone is undergoing global expansion with launches and branding in several countries in Q3 2025 and potential partnerships with over 20 strategic partners [16] - eSIM TRIO has sold over 300,000 units from Q1 2024 to Q2 2025, establishing a competitive advantage in the market [24] - GlocalMe IoT is experiencing rapid growth, with a 10+ times year-over-year growth in Average Daily Active Terminals (DAT) [32] Operational Metrics - Daily Active Terminals (DAT) for uCloudlink 20 increased from 43% in Q2 2024 to 45% in Q2 2025 [37] - In Q2 2025, IoT accounted for 27% of the DAT breakdown, while SIM accounted for 30%, Life for 15% and MBB for 28% [37]

Financial Performance - In Q1 2025, total revenues reached US$18.7 million[9] - Adjusted Net Income was US$0.4 million in Q1 2025[9] - Net Operating Cash Inflow amounted to US$0.2 million in Q1 2025[9] - Revenues from services accounted for 75.7% of total revenues in Q1 2025, while sales of products made up 24.3%[67] - Gross margin on services was 57.3% in Q1 2025[70] Business Development & Solutions - Five new solutions unveiled at MWC 2025 Barcelona are scheduled for commercial deployment from May to June 2025[11] - The company is targeting promotion of new solutions at MVNOs World Congress 2025[20] - The company has 169 patents approved and 14 patent applications pending approval as of March 31, 2025[104, 111] User & Market Trends - The company plans to initiate regular disclosure of key metrics, including the number of user accounts by different business lines, starting in Q3 2025[17] - The company has business across 63 countries and regions as of March 31, 2025[103, 104] - In Q1 2025, the company experienced a 3.4% year-over-year increase in revenues from services[65]