UCLOUDLINK GROUP INC. Announces Unaudited Third Quarter 2024 Financial Results [Yahoo! Finance]
uCloudlink Group Inc. - American Depositary Shares (UCL)
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Source: Yahoo! Finance
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 Highlights Total data consumed in the third quarter through the Company's platform was 44,994 terabytes (7,755 terabytes procured by t
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