HONG KONG, Oct. 10, 2025 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, announced that its GlocalMe solutions received a total of nine awards at IFA 2025 in Berlin. The Company’s groundbreaking PetPhone – the world's first smartphone for pets – earned four as an Honoree in the Communications and Connectivity category of the inaugural IFA Innovation Awards and “Best of IFA 2025” distinctions from ...

Core Insights - GlocalMe, under uCloudlink Group Inc., introduced the 3-3-5 Digital Inclusion Framework at IFA 2025, aimed at addressing global digital divides through innovative products and technologies [1][3] - The framework focuses on closing three key digital gaps: between carrier networks, local and international users, and between people and pets, utilizing three breakthrough technologies: CloudSIM®, AI HyperConn®, and 6-Layer Precision Positioning [1][2] - GlocalMe's product lines reflect a dual connectivity approach, providing high-performance 5G where available while ensuring inclusive 4G coverage [2] Product Lines - The product lines include: - **Pet Network**: Featuring PetPhone, the first smartphone for pets, recognized as an IFA2025 Innovative Honoree [5] - **Personal Network**: Includes eSIM Trio, the first universal SIM for iOS and Android [5] - **Travel Network**: High-performance hotspots like Numen Air, the world's first SIM-free 5G mobile hotspot, and MeowGo G40 Pro, designed for in-flight and home use [5] - **Life Network**: Multi-functional hotspot-enabled devices such as UniCord Pro, which has won multiple awards [5] - **Home Network**: GuardFlex Pro (5G) for uninterrupted internet access, expanding IoT applications [5] Company Vision - The CEO of uCloudlink, Jeff Chen, emphasized that the 3-3-5 framework is a practical roadmap for developing impactful products, showcasing that inclusive connectivity is a measurable reality [3] - GlocalMe aims to bridge digital divides through patented technology and design, enabling affordable mobile internet across over 200 countries and regions [4]

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]

Core Viewpoint - UCLOUDLINK GROUP INC. reported a solid performance in Q1 2025, with total revenues of US$18.7 million, reflecting a year-over-year increase of 3.4% and a strong focus on expanding its GlocalMe ecosystem and innovative solutions [4][5][25]. Financial Highlights - Total revenues for Q1 2025 were US$18.7 million, up from US$18.1 million in Q1 2024, marking a 3.4% increase [5][7]. - Gross profit decreased to US$9.7 million, down 3.1% from US$10.0 million in Q1 2024, resulting in a gross margin of 51.7% compared to 55.2% in the previous year [12][5]. - The company reported a net loss of US$0.6 million, a decline from a net income of US$0.4 million in Q1 2024 [18][5]. - Adjusted net income was US$0.4 million, down from US$1.3 million in the same period last year [19][5]. - Adjusted EBITDA was US$1.4 million, compared to US$1.7 million in Q1 2024 [16][5]. Operational Highlights - The company served 2,878 business partners across 63 countries and regions as of March 31, 2025 [5]. - Average daily active terminals were 308,863, a slight decrease of 0.3% from 309,906 in Q1 2024 [5]. - The total data consumed through the platform was 43,179 terabytes, a minor decrease of 0.1% from 43,208 terabytes in Q1 2024 [5]. Geographic Distribution - Revenue contributions by region included Japan at 40.4%, Mainland China at 31.2%, North America at 12.9%, and other regions at 15.5% [8]. Cost Structure - Cost of revenues increased to US$9.0 million, up 11.5% from US$8.1 million in Q1 2024, primarily due to rising service costs [9][5]. - Operating expenses totaled US$10.2 million, compared to US$9.0 million in the same period last year [14][5]. Business Outlook - For Q2 2025, UCLOUDLINK expects total revenues to be between US$23.0 million and US$25.0 million, indicating a potential increase of 2.7% to 11.6% compared to Q2 2024 [25]. Innovation and Product Development - The company showcased innovative solutions at MWC Barcelona 2025, including the PetPhone and eSIM Trio, aimed at enhancing connectivity and user experience [4][5]. - Advanced commercial discussions are ongoing with major operators worldwide, with several partnerships expected to be finalized soon [6].