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UCloudlink Group Inc. Q4 Earnings Summary

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Below are the earnings highlights for uCloudlink Group Inc. (UCL):

Earnings: -$1.502 million in Q4 vs. -$1.831 million in the same period last year.
EPS: $0.00 in Q4 vs. $0.00 in the same period last year.
Revenue: $25.960 million in Q4 vs. $21.730 million in the same period last year.

For the fourth quarter, the company posted a loss per ADS of $0.04, compared with a loss of $0.05 per ADS, recorded for the same period last year.

Excluding items, the fourth-quarter loss was 3.103 million as against a profit of $1.081 million a year ago.   
Looking ahead, the company anticipates a rise in revenue for the first quarter and full-year 2025.

For the first quarter, Ucloudlink expects revenue of $18.2 to $19.5 million, representing an increase of 0.6 to 7.7 percent from the same period of 2024.

For the full-year 2025, the Group projects revenue of $95 to $130 million, with a year-on-year growth of 3.7 to 41.9 percent.

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