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.
For comments and feedback: editorial@rttnews.com