Aurora Mobile Limited Announces First Quarter 2024 Unaudited Financial Results
Aurora Mobile (NASDAQ: JG) reported its Q1 2024 financial results, showing revenues of RMB64.5 million (US$8.9 million), a slight 1% decrease year-over-year. Gross profit was RMB46.4 million (US$6.4 million), up 1%, while operating expenses dropped 18% to RMB53.0 million (US$7.3 million).
The net loss narrowed significantly to RMB2.6 million (US$0.4 million) from RMB15.2 million in Q1 2023. Adjusted net loss improved to RMB1.3 million (US$0.2 million) from RMB11.5 million. Adjusted EBITDA turned positive at RMB0.2 million (US$24 thousand), compared to a negative RMB7.5 million in the same quarter last year.
Highlights included a 13% year-over-year increase in Developer Subscription Services revenues, record gross margins, and three consecutive quarters of positive Adjusted EBITDA. Cost-cutting measures and strategic refocusing contributed to the improved financials.
- Gross profit increased by 1% to RMB46.4 million (US$6.4 million).
- Operating expenses decreased by 18% year-over-year to RMB53.0 million (US$7.3 million).
- Net loss significantly reduced to RMB2.6 million (US$0.4 million) from RMB15.2 million.
- Adjusted net loss improved to RMB1.3 million (US$0.2 million) from RMB11.5 million.
- Positive Adjusted EBITDA of RMB0.2 million (US$24 thousand), up from negative RMB7.5 million.
- Developer Subscription Services revenues grew by 13% year-over-year.
- Record gross margins since Q4 2021.
- Three consecutive quarters of positive Adjusted EBITDA.
- EngageLab products saw more than 30% customer growth quarter-over-quarter and a 60% increase in cumulative contract value.
- Total revenues decreased by 1% year-over-year to RMB64.5 million (US$8.9 million).
- Developer Services revenues declined by 2% year-over-year.
- Value-Added Services revenues dropped by 70% year-over-year and 64% quarter-over-quarter.
- Cash and cash equivalents reduced to RMB99.3 million (US$13.8 million) from RMB115.0 million as of December 31, 2023.
Insights
Evaluating Aurora Mobile's Q1 2024 financial results, the key takeaway is the substantial reduction in net loss. The net loss decreased from
Notably, the company has achieved three consecutive quarters of positive adjusted EBITDA, reflecting ongoing improvements in profitability. This is a positive signal for investors, suggesting that the company's strategic initiatives, including streamlining product offerings and reducing headcount, are yielding results.
However, the 1% year-over-year decrease in revenue is a point of concern, primarily driven by a significant dip in Value-Added Services revenues. While Subscription Services saw growth, the 70% fall in Value-Added Services indicates a need for product diversification and improved sales strategies.
In the short term, investors should monitor the company's ability to sustain positive EBITDA and manage costs effectively. Long-term, achieving revenue growth and enhancing product offerings will be important for Aurora Mobile's financial health and stock performance.
From a market perspective, Aurora Mobile's focus on its EngageLab product and international expansion is noteworthy. The company has reported over 30% customer growth quarter-over-quarter for EngageLab, with cumulative contract value growing by more than
However, the 2% year-over-year decrease in Developer Services revenue highlights challenges in maintaining growth across all product lines. The significant drop in Value-Added Services revenues suggests that the company may need to reassess its product-market fit and competitive positioning.
For investors, the ongoing expansion and product focus provide optimism, but the company's ability to convert these initiatives into consistent revenue growth will be a key factor to watch.
From a technology and product standpoint, Aurora Mobile's emphasis on its EngageLab product, which has seen considerable growth, indicates a targeted approach to meet market demands. This focus suggests that the company is aligning its technology initiatives with high-demand areas, which could pay dividends in terms of customer acquisition and retention.
However, the decrease in Value-Added Services revenues points to potential issues in product differentiation or market saturation. This is an area where the company needs to innovate or reposition its offerings to regain traction and support overall revenue growth.
The company's decision to cut down on less profitable products and streamline operations should enhance its technological focus and efficiency, but sustaining this momentum will require continuous innovation and market adaptation.
SHENZHEN, China, June 06, 2024 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Financial Highlights
- Revenues were RMB64.5 million (US
$8.9 million ), a decrease of1% year-over-year. - Cost of revenues was RMB18.2 million (US
$2.5 million ), a decrease of7% year-over-year. - Gross profit was RMB46.4 million (US
$6.4 million ), an increase of1% year-over-year. - Total operating expenses were RMB53.0 million (US
$7.3 million ), a decrease of18% year-over-year. - Net loss was RMB2.6 million (US
$0.4 million ), compared with a net loss of RMB15.2 million for the same quarter last year. - Net loss attributable to Aurora Mobile Limited’s shareholders was RMB2.4 million (US
$0.3 million ), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB15.1 million for the same quarter last year. - Adjusted net loss (non-GAAP) was RMB1.3 million (US
$0.2 million ), compared with a RMB11.5 million adjusted net loss for the same quarter last year. - Adjusted EBITDA (non-GAAP) was at positive RMB0.2 million (US
$24 thousand ), compared with a negative RMB7.5 million for the same quarter last year.
Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We have had a great first quarter of 2024 with the following great results,
- Our Developer Subscription Services revenues grew by
13% year-over-year - Our Gross Margin is at the highest level since fourth quarter of 2021
- For the first time in history, we have 3 consecutive quarters of positive Adjusted EBITDA
- Quarterly operating expenses was RMB53 million which is at the lowest level since our IPO in July 2018
- Our EngageLab products recorded customer number growth of more than
30% quarter-over-quarter and cumulative contract value grew by more than60% between the quarters
Developer Services revenues, which consisted of Subscription Services and Value-Added Services, decreased by
Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “We have done a lot of hard work get to where we are now. Over the years,
- We have refocused our strategy and streamlined the number of product offerings. We cut down those products that were not bringing positive contributions to the books and put all our resources to a handful of products which are profitable, in high-demand domestically and overseas and with great potential.
- We have restructured our teams and seriously looked at the headcount. With fewer products to be maintained and to improve the operational efficiency, our headcount has decreased close to
40% from the peak. - We have also reviewed all the service contracts with external vendors where we managed to lower the fixed operating expenses year-over-year.
- More importantly, we have chosen the “right direction” by going overseas through our EngageLab product.
With this combination of these right steps that we have taken, we are now seeing the positive impacts. Most notable is the 3 consecutive quarters of positive Adjusted EBITDA we have managed to deliver. As we continue to scale our business, I believe more good results will continue.”
First Quarter 2024 Financial Results
Revenues were RMB64.5 million (US
Cost of revenues was RMB18.2 million (US
Gross profit was RMB46.4 million (US
Total operating expenses were RMB53.0 million (US
- Research and development expenses were RMB22.7 million (US
$3.1 million ), a decrease of28% from RMB31.7 million in the same quarter of last year, mainly due to a RMB5.4 million decrease in personnel costs, a RMB5.1 million decrease in bandwidth cost, and a RMB1.9 million decrease in depreciation expense. The impact is partially offset by a RMB4.7 million increase in cloud cost. - Sales and marketing expenses were RMB17.4 million (US
$2.4 million ), a decrease of8% from RMB18.9 million in the same quarter of last year, mainly due to a RMB1.1 million decrease in personnel costs. - General and administrative expenses were RMB12.9 million (US
$1.8 million ), a decrease of9% from RMB14.3 million in the same quarter of last year, mainly due to a RMB1.5 million decrease in personnel costs.
Loss from operations was RMB5.1 million (US
Net Loss was RMB2.6 million (US
Adjusted net loss (non-GAAP) was RMB1.3 million (US
Adjusted EBITDA (non-GAAP) was at positive RMB0.2 million (US
The cash and cash equivalents and restricted cash were RMB99.3 million (US
Update on Share Repurchase
As of March 31, 2024, the Company had repurchased a total of 205,017 ADS, of which 17,326 ADSs, or around US
Conference Call
The Company will host an earnings conference call on Thursday, June 6, 2024 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).
All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.
Participant Online Registration: https://register.vevent.com/register/BI6b9a5e81258648acbe3cdaf41598ad70
A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net loss and adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation, reduction in force charges, share of loss from equity method investment and impairment of long-term investments. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, amortization of land use right, income tax expenses/(benefits), share-based compensation, reduction in force charges, share of loss from equity method investment and impairment of long-term investments.
The Company believes that adjusted net loss and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in loss from operations and net loss.
The Company believes that adjusted net loss and adjusted EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and operational decision-making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net loss and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.
Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises' digital transformation.
For more information, please visit https://ir.jiguang.cn/.
For investor and media inquiries, please contact:
Aurora Mobile Limited
ir@jiguang.cn
Christensen
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com
Footnote:
This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.2203 to US
| AURORA MOBILE LIMITED | ||||||||||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS | ||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data) | ||||||||||||||||
| Three months ended | ||||||||||||||||
| March 31, 2023 | December 31, 2023 | March 31, 2024 | ||||||||||||||
| RMB | RMB | RMB | US$ | |||||||||||||
| Revenues | 65,433 | 77,410 | 64,524 | 8,936 | ||||||||||||
| Cost of revenues | (19,441 | ) | (24,129 | ) | (18,152 | ) | (2,514 | ) | ||||||||
| Gross profit | 45,992 | 53,281 | 46,372 | 6,422 | ||||||||||||
| Operating expenses | ||||||||||||||||
| Research and development | (31,681 | ) | (27,085 | ) | (22,681 | ) | (3,141 | ) | ||||||||
| Sales and marketing | (18,890 | ) | (22,056 | ) | (17,391 | ) | (2,409 | ) | ||||||||
| General and administrative | (14,273 | ) | (12,071 | ) | (12,932 | ) | (1,791 | ) | ||||||||
| Total operating expenses | (64,844 | ) | (61,212 | ) | (53,004 | ) | (7,341 | ) | ||||||||
| Other operating income(1) | 2,757 | 182 | 1,579 | 219 | ||||||||||||
| Loss from operations | (16,095 | ) | (7,749 | ) | (5,053 | ) | (700 | ) | ||||||||
| Foreign exchange gain/(loss), net | 25 | 49 | (23 | ) | (3 | ) | ||||||||||
| Interest income | 330 | 247 | 2,187 | 303 | ||||||||||||
| Interest expenses | (223 | ) | (158 | ) | (6 | ) | (1 | ) | ||||||||
| Share of loss from equity method investment | - | (450 | ) | - | - | |||||||||||
| Other income/ (expenses) | 559 | (10,025 | ) | 15 | 2 | |||||||||||
| Change in fair value of structured deposits | 13 | 6 | 23 | 3 | ||||||||||||
| Loss before income taxes | (15,391 | ) | (18,080 | ) | (2,857 | ) | (396 | ) | ||||||||
| Income tax benefits | 150 | 1,380 | 244 | 34 | ||||||||||||
| Net loss | (15,241 | ) | (16,700 | ) | (2,613 | ) | (362 | ) | ||||||||
| Less: net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | (175 | ) | 545 | (214 | ) | (30 | ) | |||||||||
| Net loss attributable to Aurora Mobile Limited’s shareholders | (15,066 | ) | (17,245 | ) | (2,399 | ) | (332 | ) | ||||||||
| Net loss per share, for Class A and Class B common shares: | ||||||||||||||||
| Class A and B Common Shares - basic and diluted | (0.19 | ) | (0.22 | ) | (0.03 | ) | (0.00 | ) | ||||||||
| Shares used in net loss per share computation: | ||||||||||||||||
| Class A Common Shares - basic and diluted | 62,766,001 | 62,318,904 | 62,687,345 | 62,687,345 | ||||||||||||
| Class B Common Shares - basic and diluted | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | ||||||||||||
| Other comprehensive (loss)/income | ||||||||||||||||
| Foreign currency translation adjustments | (804 | ) | (721 | ) | 78 | 11 | ||||||||||
| Total other comprehensive (loss)/income, net of tax | (804 | ) | (721 | ) | 78 | 11 | ||||||||||
| Total comprehensive loss | (16,045 | ) | (17,421 | ) | (2,535 | ) | (351 | ) | ||||||||
| Less: comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | (175 | ) | 545 | (214 | ) | (30 | ) | |||||||||
| Comprehensive loss attributable to Aurora Mobile Limited’s shareholders | (15,870 | ) | (17,966 | ) | (2,321 | ) | (321 | ) | ||||||||
| (1) Beginning on January 1, 2024, we classified the government grants that are operating in nature as other operating income. Comparative figures were reclassified to conform to this presentation. | ||||||||||||||||
| AURORA MOBILE LIMITED | ||||||||||||
| UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||
| As of | ||||||||||||
| December 31, 2023 | March 31, 2024 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | 114,521 | 98,095 | 13,586 | |||||||||
| Restricted cash | 486 | 1,187 | 164 | |||||||||
| Accounts receivable | 34,344 | 32,995 | 4,570 | |||||||||
| Prepayments and other current assets | 20,225 | 23,234 | 3,218 | |||||||||
| Total current assets | 169,576 | 155,511 | 21,538 | |||||||||
| Non-current assets: | ||||||||||||
| Long-term investments | 112,912 | 112,981 | 15,648 | |||||||||
| Property and equipment, net | 1,433 | 1,365 | 189 | |||||||||
| Operating lease right-of-use assets | 4,081 | 3,317 | 459 | |||||||||
| Intangible assets, net | 17,941 | 16,916 | 2,343 | |||||||||
| Goodwill | 37,785 | 37,785 | 5,233 | |||||||||
| Deferred tax assets | 1,072 | 1,050 | 145 | |||||||||
| Other non-current assets | 5,387 | 5,401 | 748 | |||||||||
| Total non-current assets | 180,611 | 178,815 | 24,765 | |||||||||
| Total assets | 350,187 | 334,326 | 46,303 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Short-term loan | - | 3,000 | 415 | |||||||||
| Accounts payable | 21,073 | 22,146 | 3,067 | |||||||||
| Deferred revenue and customer deposits | 141,518 | 135,240 | 18,731 | |||||||||
| Operating lease liabilities | 4,007 | 3,144 | 435 | |||||||||
| Accrued liabilities and other current liabilities | 74,682 | 63,922 | 8,853 | |||||||||
| Total current liabilities | 241,280 | 227,452 | 31,501 | |||||||||
| Non-current liabilities: | ||||||||||||
| Operating lease liabilities | 629 | 528 | 73 | |||||||||
| Deferred tax liabilities | 3,994 | 3,727 | 516 | |||||||||
| Other non-current liabilities | 563 | 567 | 79 | |||||||||
| Total non-current liabilities | 5,186 | 4,822 | 668 | |||||||||
| Total liabilities | 246,466 | 232,274 | 32,169 | |||||||||
| Shareholders’ equity: | ||||||||||||
| Common shares | 50 | 50 | 7 | |||||||||
| Treasury shares | (2,453 | ) | (974 | ) | (135 | ) | ||||||
| Additional paid-in capital | 1,045,397 | 1,044,784 | 144,701 | |||||||||
| Accumulated deficit | (988,669 | ) | (991,068 | ) | (137,261 | ) | ||||||
| Accumulated other comprehensive income | 19,223 | 19,301 | 2,673 | |||||||||
| Total Aurora Mobile Limited’s shareholders’ equity | 73,548 | 72,093 | 9,985 | |||||||||
| Noncontrolling interests | 30,173 | 29,959 | 4,149 | |||||||||
| Total shareholders’ equity | 103,721 | 102,052 | 14,134 | |||||||||
| Total liabilities and shareholders’ equity | 350,187 | 334,326 | 46,303 | |||||||||
| AURORA MOBILE LIMITED | ||||||||||||||||
| RECONCILIATION OF GAAP AND NON-GAAP RESULTS | ||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||||||
| Three months ended | ||||||||||||||||
| March 31, 2023 | December 31, 2023 | March 31, 2024 | ||||||||||||||
| RMB | RMB | RMB | US$ | |||||||||||||
| Reconciliation of Net Loss to Adjusted Net Loss: | ||||||||||||||||
| Net loss | (15,241 | ) | (16,700 | ) | (2,613 | ) | (362 | ) | ||||||||
| Add: | ||||||||||||||||
| Share-based compensation | 3,038 | 1,520 | 1,268 | 176 | ||||||||||||
| Reduction in force charges | 688 | 3,480 | - | - | ||||||||||||
| Share of loss from equity method investment | - | 450 | - | - | ||||||||||||
| Impairment of long-term investments | - | 10,655 | - | - | ||||||||||||
| Adjusted net loss | (11,515 | ) | (595 | ) | (1,345 | ) | (186 | ) | ||||||||
| Reconciliation of Net Loss to Adjusted EBITDA: | ||||||||||||||||
| Net loss | (15,241 | ) | (16,700 | ) | (2,613 | ) | (362 | ) | ||||||||
| Add: | ||||||||||||||||
| Income tax benefits | (150 | ) | (1,380 | ) | (244 | ) | (34 | ) | ||||||||
| Interest expenses | 223 | 158 | 6 | 1 | ||||||||||||
| Depreciation of property and equipment | 2,186 | 448 | 380 | 53 | ||||||||||||
| Amortization of intangible assets | 1,606 | 1,509 | 1,369 | 190 | ||||||||||||
| Amortization of land use right | 183 | - | - | - | ||||||||||||
| EBITDA | (11,193 | ) | (15,965 | ) | (1,102 | ) | (152 | ) | ||||||||
| Add: | ||||||||||||||||
| Share-based compensation | 3,038 | 1,520 | 1,268 | 176 | ||||||||||||
| Reduction in force charges | 688 | 3,480 | - | - | ||||||||||||
| Share of loss from equity method investment | - | 450 | - | - | ||||||||||||
| Impairment of long-term investments | - | 10,655 | - | - | ||||||||||||
| Adjusted EBITDA | (7,467 | ) | 140 | 166 | 24 | |||||||||||
| AURORA MOBILE LIMITED | ||||||||||||||||
| UNAUDITED SAAS BUSINESSES REVENUE | ||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||||||
| Three months ended | ||||||||||||||||
| March 31, 2023 | December 31, 2023 | March 31, 2024 | ||||||||||||||
| RMB | RMB | RMB | US$ | |||||||||||||
| Developer Services | 45,465 | 55,581 | 44,749 | 6,198 | ||||||||||||
| Subscription | 37,508 | 48,830 | 42,351 | 5,866 | ||||||||||||
| Value-Added Services | 7,957 | 6,751 | 2,398 | 332 | ||||||||||||
| Vertical Applications | 19,968 | 21,829 | 19,775 | 2,738 | ||||||||||||
| Total Revenue | 65,433 | 77,410 | 64,524 | 8,936 | ||||||||||||
| Gross Profits | 45,992 | 53,281 | 46,372 | 6,422 | ||||||||||||
| Gross Margin | 70.3 | % | 68.8 | % | 71.9 | % | 71.9 | % | ||||||||
FAQ
How did Aurora Mobile (JG) perform financially in Q1 2024?
What was Aurora Mobile's (JG) gross profit in Q1 2024?
What were the operating expenses for Aurora Mobile (JG) in Q1 2024?
How did Aurora Mobile's (JG) Developer Subscription Services perform in Q1 2024?
What is Aurora Mobile's (JG) Adjusted EBITDA for Q1 2024?
What were the cash and cash equivalents for Aurora Mobile (JG) as of March 31, 2024?
