UCLOUDLINK GROUP INC. Announces Unaudited Third Quarter 2024 Financial Results
uCloudlink Group Inc. - American Depositary Shares (UCL)
Company Research
Source: GlobeNewswire
HONG KONG, Nov. 26, 2024 (GLOBE NEWSWIRE) -- 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 ended September 30, 2024. Third Quarter 2024 Financial Highlights Total revenues were US$25.2 million, representing an increase of 5.6% from US$23.9 million in the third quarter of 2023.Gross profit was US$12.19 million, representing a decrease of 0.1% from US$12.21 million in the third quarter of 2023.Income from operations was US$3.3 million, compared to US$3.3 million in the third quarter of 2023.Net income was US$3.4 million, compared to US$3.5 million in the third quarter of 2023.Adjusted net income (non-GAAP) was US$3.7 million, compared to US$3.8 million in the third quarter of 2023.Adjusted EBITDA (non-GAAP) was US$4.4 million, compared to US$4.1 million in the third quarter of 2023. Third Quarter 2024 Operational Highligh
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