Aurora Mobile Limited Announces Second Quarter 2024 Unaudited Financial Results
Aurora Mobile (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, announced its unaudited financial results for Q2 2024.
Key highlights include:
- Revenues of RMB79.4 million ($10.9 million), up 8% YoY.
- Cost of revenues was RMB26.7 million ($3.7 million), up 4% YoY.
- Gross profit increased by 11% YoY to RMB52.8 million ($7.3 million).
- Total operating expenses dropped by 15% YoY to RMB54.8 million ($7.5 million).
- Net loss was RMB1.3 million ($0.2 million), a significant improvement from a net loss of RMB23.7 million in Q2 2023.
- Adjusted net loss was RMB0.4 million ($54k), compared to RMB8.9 million in Q2 2023.
- Adjusted EBITDA was positive at RMB1.6 million ($0.2 million), compared to a negative RMB4.6 million in Q2 2023.
- Strong revenue growth in Developer Subscription (14% QoQ, 19% YoY) and Value-added services (245% QoQ).
- The company repurchased 11,626 ADSs, amounting to $36.1k, during Q2 2024.
Aurora Mobile (NASDAQ: JG), un fornitore leader di servizi di coinvolgimento del cliente e tecnologia di marketing in Cina, ha annunciato i suoi risultati finanziari non verificati per il secondo trimestre del 2024.
Tra i punti salienti:
- Ricavi di RMB79,4 milioni (10,9 milioni di dollari), in aumento dell'8% su base annua.
- Costi dei ricavi pari a RMB26,7 milioni (3,7 milioni di dollari), in aumento del 4% su base annua.
- Profitto lordo aumentato dell'11% su base annua, arrivando a RMB52,8 milioni (7,3 milioni di dollari).
- Spese operative totali diminuite del 15% su base annua, fissate a RMB54,8 milioni (7,5 milioni di dollari).
- Perdita netta di RMB1,3 milioni (0,2 milioni di dollari), un miglioramento significativo rispetto a una perdita netta di RMB23,7 milioni nel secondo trimestre del 2023.
- Perdita netta rettificata di RMB0,4 milioni (54.000 dollari), rispetto a RMB8,9 milioni nel secondo trimestre del 2023.
- EBITDA rettificato positivo a RMB1,6 milioni (0,2 milioni di dollari), rispetto a un negativo di RMB4,6 milioni nel secondo trimestre del 2023.
- Forte crescita dei ricavi in Abbonamenti per Sviluppatori (14% QoQ, 19% YoY) e Servizi a Valore Aggiunto (245% QoQ).
- La società ha riacquistato 11.626 ADS, per un totale di 36.100 dollari, durante il secondo trimestre del 2024.
Aurora Mobile (NASDAQ: JG), un proveedor líder de servicios de tecnología de marketing y compromiso con el cliente en China, anunció sus resultados financieros no auditados para el segundo trimestre de 2024.
Aspectos destacados:
- Ingresos de RMB79.4 millones (10.9 millones de dólares), un incremento del 8% interanual.
- Costo de ingresos fue de RMB26.7 millones (3.7 millones de dólares), un aumento del 4% interanual.
- Beneficio bruto aumentó un 11% interanual, alcanzando RMB52.8 millones (7.3 millones de dólares).
- Gastos operativos totales disminuyeron un 15% interanual a RMB54.8 millones (7.5 millones de dólares).
- Pérdida neta de RMB1.3 millones (0.2 millones de dólares), una mejora significativa con respecto a una pérdida neta de RMB23.7 millones en el segundo trimestre de 2023.
- Pérdida neta ajustada de RMB0.4 millones (54 mil dólares), en comparación con RMB8.9 millones en el segundo trimestre de 2023.
- EBITDA ajustado fue positivo en RMB1.6 millones (0.2 millones de dólares), en comparación con un negativo de RMB4.6 millones en el segundo trimestre de 2023.
- Fuerte crecimiento en Suscripciones para Desarrolladores (14% QoQ, 19% YoY) y Servicios con Valor Agregado (245% QoQ).
- La empresa recompró 11,626 ADS, por un total de 36.100 dólares, durante el segundo trimestre de 2024.
아우로라 모바일 (NASDAQ: JG), 중국의 선도적인 고객 참여 및 마케팅 기술 서비스 제공업체가 2024년 2분기 감사되지 않은 재무 실적을 발표했습니다.
주요 하이라이트:
- 수익은 RMB79.4백만 (1,090만 달러)로, 전년 대비 8% 증가했습니다.
- 수익 비용은 RMB26.7백만 (370만 달러)로, 전년 대비 4% 증가했습니다.
- 총 이익은 전년 대비 11% 증가하여 RMB52.8백만 (730만 달러)에 달했습니다.
- 총 운영 비용은 전년 대비 15% 감소하여 RMB54.8백만 (750만 달러)가 되었습니다.
- 순 손실은 RMB1.3백만 (20만 달러)으로, 2023년 2분기의 RMB23.7백만에서 크게 개선되었습니다.
- 조정된 순 손실은 RMB0.4백만 (54,000 달러)으로, 2023년 2분기의 RMB8.9백만과 비교됩니다.
- 조정된 EBITDA는 RMB1.6백만 (20만 달러)으로 긍정적이며, 2023년 2분기의 음수 RMB4.6백만과 비교됩니다.
- 개발자 구독에서 14% QoQ, 19% YoY로 강력한 수익 성장을 보였으며 부가 가치 서비스는 245% QoQ 성장했습니다.
- 회사는 2024년 2분기 동안 11,626개의 ADS를 재구매하여 총 36,100 달러에 달했습니다.
Aurora Mobile (NASDAQ: JG), un fournisseur leader de services de technologie marketing et d'engagement client en Chine, a annoncé ses résultats financiers non vérifiés pour le deuxième trimestre de 2024.
Les points forts incluent :
- Revenus de RMB79,4 millions (10,9 millions de dollars), en hausse de 8 % par rapport à l'année précédente.
- Coût des revenus s'élevait à RMB26,7 millions (3,7 millions de dollars), en hausse de 4 % par rapport à l'année précédente.
- Bénéfice brut a augmenté de 11 % par rapport à l'année précédente, atteignant RMB52,8 millions (7,3 millions de dollars).
- Dépenses d'exploitation totales ont diminué de 15 % par rapport à l'année précédente pour atteindre RMB54,8 millions (7,5 millions de dollars).
- Perte nette était de RMB1,3 millions (0,2 millions de dollars), une amélioration significative par rapport à une perte nette de RMB23,7 millions au deuxième trimestre 2023.
- Perte nette ajustée de RMB0,4 millions (54 000 dollars), comparé à RMB8,9 millions au deuxième trimestre 2023.
- EBITDA ajusté était positif à RMB1,6 millions (0,2 millions de dollars), contre un négatif de RMB4,6 millions au deuxième trimestre 2023.
- Forte croissance des revenus dans Abonnements Développeurs (14% QoQ, 19% YoY) et Services à Valeur Ajoutée (245% QoQ).
- L'entreprise a racheté 11 626 ADS, d'un montant de 36 100 dollars, pendant le deuxième trimestre de 2024.
Aurora Mobile (NASDAQ: JG), ein führender Anbieter von Kundenbindungs- und Marketingtechnologiediensten in China, hat seine unprüften Finanzergebnisse für das 2. Quartal 2024 bekannt gegeben.
Wesentliche Highlights:
- Umsätze von RMB79,4 Millionen (10,9 Millionen US-Dollar), ein Anstieg von 8% im Jahresvergleich.
- Kosten der Umsätze betrugen RMB26,7 Millionen (3,7 Millionen US-Dollar), ein Anstieg von 4% im Jahresvergleich.
- Bruttogewinn stieg im Jahresvergleich um 11% auf RMB52,8 Millionen (7,3 Millionen US-Dollar).
- Gesamte Betriebskosten sanken im Jahresvergleich um 15% auf RMB54,8 Millionen (7,5 Millionen US-Dollar).
- Nettoverlust betrug RMB1,3 Millionen (0,2 Millionen US-Dollar), eine deutliche Verbesserung gegenüber einem Nettoverlust von RMB23,7 Millionen im 2. Quartal 2023.
- Bereinigter Nettoverlust betrug RMB0,4 Millionen (54.000 US-Dollar), im Vergleich zu RMB8,9 Millionen im 2. Quartal 2023.
- Bereinigtes EBITDA war positiv bei RMB1,6 Millionen (0,2 Millionen US-Dollar), im Vergleich zu einem negativen RMB4,6 Millionen im 2. Quartal 2023.
- Starker Umsatzwachstum bei Entwickler-Abonnements (14% QoQ, 19% YoY) und Wertschöpfungsdiensten (245% QoQ).
- Das Unternehmen hat im 2. Quartal 2024 insgesamt 11.626 ADS zum Preis von 36.100 US-Dollar zurückgekauft.
- Revenues increased by 8% YoY to RMB79.4 million ($10.9 million).
- Gross profit rose by 11% YoY to RMB52.8 million ($7.3 million).
- Net loss significantly narrowed to RMB1.3 million ($0.2 million) from RMB23.7 million last year.
- Adjusted EBITDA turned positive at RMB1.6 million ($0.2 million) from a negative RMB4.6 million last year.
- Total operating expenses decreased by 15% YoY to RMB54.8 million ($7.5 million).
- Developer Subscription revenue grew 14% QoQ and 19% YoY.
- Cash and cash equivalents decreased to RMB92.7 million ($12.8 million) from RMB115.0 million as of December 31, 2023.
Insights
Aurora Mobile's Q2 2024 results show promising signs of financial improvement. Revenue increased by
The narrowing net loss, down
Aurora Mobile's performance reflects positive trends in China's mobile technology sector. The
The company's ability to capitalize on the 6/18 online shopping festival, resulting in a
SHENZHEN, China, Aug. 29, 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 second quarter ended June 30, 2024.
Second Quarter 2024 Financial Highlights
- Revenues were RMB79.4 million (US
$10.9 million ), an increase of8% year-over-year. - Cost of revenues was RMB26.7 million (US
$3.7 million ), an increase of4% year-over-year. - Gross profit was RMB52.8 million (US
$7.3 million ), an increase of11% year-over-year. - Total operating expenses were RMB54.8 million (US
$7.5 million ), a decrease of15% year-over-year. - Net loss was RMB1.3 million (US
$0.2 million ), compared with a net loss of RMB23.7 million for the same quarter last year. - Net loss attributable to Aurora Mobile Limited’s shareholders was RMB1.0 million (US
$0.1 million ), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB23.0 million for the same quarter last year. - Adjusted net loss (non-GAAP) was RMB0.4 million (US
$54 thousand ), compared with a RMB8.9 million adjusted net loss for the same quarter last year. - Adjusted EBITDA (non-GAAP) was at positive RMB1.6 million (US
$0.2 million ), compared with a negative RMB4.6 million for the same quarter last year.
Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “The appropriate description for the performance of this quarter is “Riding on the Great Growth Momentum”. The reasons for this description are as follows:
- Firstly, continuing the great Q1’2024 momentum, we recorded the 4th consecutive positive Adjusted EBITDA in this quarter. This is an historical achievement for us since IPO in 2018.
- Secondly, Developer Subscription revenue recorded both a
14% growth quarter-over-quarter and a19% growth year-over-year. - Thirdly, our gross profit recorded good growth for both year-over-year and quarter-over-quarter.
- Fourthly, our net loss has narrowed by
50% quarter-over-quarter and95% year-over-year.”
Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “We have had a great quarter. Our total group revenue grew both quarter-over-quarter and year-over-year with
With strong and solid revenue growth while maintaining optimal level of operating expenses, for the quarter ended June 30, 2024, we recorded yet another positive Adjusted EBITDA. This is an historical event where we now have 4 consecutive quarters of positive Adjusted EBITDA.”
Second Quarter 2024 Financial Results
Revenues were RMB79.4 million (US
Cost of revenues was RMB26.7 million (US
Gross profit was RMB52.8 million (US
Total operating expenses were RMB54.8 million (US
- Research and development expenses were RMB23.7 million (US
$3.3 million ), a decrease of22% from RMB30.2 million in the same quarter of last year, mainly due to a RMB4.2 million decrease in personnel costs, a RMB3.4 million decrease in bandwidth cost, and a RMB1.8 million decrease in depreciation expense. The impact is partially offset by a RMB4.0 million increase in cloud cost. - Sales and marketing expenses were RMB20.5 million (US
$2.8 million ), an increase of2% from RMB20.0 million in the same quarter of last year, mainly due to a RMB0.3 million increase in personnel costs. - General and administrative expenses were RMB10.7 million (US
$1.5 million ), a decrease of23% from RMB13.9 million in the same quarter of last year, mainly due to a RMB3.3 million decrease in personnel costs.
Loss from operations was RMB1.0 million (US
Net Loss was RMB1.3 million (US
Adjusted net loss (non-GAAP) was RMB0.4 million (US
Adjusted EBITDA (non-GAAP) was at positive RMB1.6 million (US
The cash and cash equivalents and restricted cash were RMB92.7 million (US
Update on Share Repurchase
As of June 30, 2024, the Company had repurchased a total of 216,643 ADS, of which 11,626 ADSs, or around US
Conference Call
The Company will host an earnings conference call on Thursday, August 29, 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/BIdc3f18de42e247d3a31f621244e171b9
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 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 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 RMB7.2672 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 | Six months ended | |||||||||||||||||||||||||||
| June 30, 2023 | March 31, 2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | ||||||||||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||||||||||||||
| Revenues | 73,331 | 64,524 | 79,441 | 10,931 | 138,764 | 143,965 | 19,810 | |||||||||||||||||||||
| Cost of revenues | (25,620 | ) | (18,152 | ) | (26,670 | ) | (3,670 | ) | (45,061 | ) | (44,822 | ) | (6,168 | ) | ||||||||||||||
| Gross profit | 47,711 | 46,372 | 52,771 | 7,261 | 93,703 | 99,143 | 13,642 | |||||||||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||||
| Research and development | (30,243 | ) | (22,681 | ) | (23,652 | ) | (3,255 | ) | (61,924 | ) | (46,333 | ) | (6,376 | ) | ||||||||||||||
| Sales and marketing | (20,009 | ) | (17,391 | ) | (20,478 | ) | (2,818 | ) | (38,899 | ) | (37,869 | ) | (5,211 | ) | ||||||||||||||
| General and administrative | (13,873 | ) | (12,932 | ) | (10,677 | ) | (1,469 | ) | (28,146 | ) | (23,609 | ) | (3,249 | ) | ||||||||||||||
| Total operating expenses | (64,125 | ) | (53,004 | ) | (54,807 | ) | (7,542 | ) | (128,969 | ) | (107,811 | ) | (14,836 | ) | ||||||||||||||
| Other operating income(1) | 1,572 | 1,579 | 1,055 | 145 | 4,329 | 2,634 | 362 | |||||||||||||||||||||
| Loss from operations | (14,842 | ) | (5,053 | ) | (981 | ) | (136 | ) | (30,937 | ) | (6,034 | ) | (832 | ) | ||||||||||||||
| Foreign exchange (loss)/gain, net | (118 | ) | (23 | ) | 12 | 2 | (93 | ) | (11 | ) | (2 | ) | ||||||||||||||||
| Interest income | 354 | 2,187 | 195 | 27 | 684 | 2,382 | 328 | |||||||||||||||||||||
| Interest expenses | (218 | ) | (6 | ) | (42 | ) | (6 | ) | (441 | ) | (48 | ) | (7 | ) | ||||||||||||||
| Other (loss)/income | (9,086 | ) | 15 | (20 | ) | (3 | ) | (8,527 | ) | (5 | ) | (1 | ) | |||||||||||||||
| Change in fair value of structured deposits | - | 23 | 15 | 2 | 13 | 38 | 5 | |||||||||||||||||||||
| Loss before income taxes | (23,910 | ) | (2,857 | ) | (821 | ) | (114 | ) | (39,301 | ) | (3,678 | ) | (509 | ) | ||||||||||||||
| Income tax benefits/(expenses) | 179 | 244 | (483 | ) | (66 | ) | 329 | (239 | ) | (33 | ) | |||||||||||||||||
| Net loss | (23,731 | ) | (2,613 | ) | (1,304 | ) | (180 | ) | (38,972 | ) | (3,917 | ) | (542 | ) | ||||||||||||||
| Less: net loss attributable to noncontrolling interests and redeemable noncontrolling interests | (715 | ) | (214 | ) | (304 | ) | (42 | ) | (890 | ) | (518 | ) | (71 | ) | ||||||||||||||
| Net loss attributable to Aurora Mobile Limited’s shareholders | (23,016 | ) | (2,399 | ) | (1,000 | ) | (138 | ) | (38,082 | ) | (3,399 | ) | (471 | ) | ||||||||||||||
| Net loss per share, for Class A and Class B common shares: | ||||||||||||||||||||||||||||
| Class A and B Common Shares - basic and diluted | (0.29 | ) | (0.03 | ) | (0.01 | ) | (0.00 | ) | (0.48 | ) | (0.04 | ) | (0.01 | ) | ||||||||||||||
| Shares used in net loss per share computation: | ||||||||||||||||||||||||||||
| Class A Common Shares - basic and diluted | 62,943,573 | 62,687,345 | 62,603,736 | 62,603,736 | 62,855,277 | 62,645,540 | 62,645,540 | |||||||||||||||||||||
| Class B Common Shares - basic and diluted | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | 17,000,189 | |||||||||||||||||||||
| Other comprehensive income | ||||||||||||||||||||||||||||
| Foreign currency translation adjustments | 2,787 | 78 | 208 | 29 | 1,983 | 286 | 39 | |||||||||||||||||||||
| Total other comprehensive income, net of tax | 2,787 | 78 | 208 | 29 | 1,983 | 286 | 39 | |||||||||||||||||||||
| Total comprehensive loss | (20,944 | ) | (2,535 | ) | (1,096 | ) | (151 | ) | (36,989 | ) | (3,631 | ) | (503 | ) | ||||||||||||||
| Less: comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interests | (715 | ) | (214 | ) | (304 | ) | (42 | ) | (890 | ) | (518 | ) | (71 | ) | ||||||||||||||
| Comprehensive loss attributable to Aurora Mobile Limited’s shareholders | (20,229 | ) | (2,321 | ) | (792 | ) | (109 | ) | (36,099 | ) | (3,113 | ) | (432 | ) | ||||||||||||||
| (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$”)) | ||||||||||||
| As of | ||||||||||||
| December 31, 2023 | June 30, 2024 | |||||||||||
| RMB | RMB | US$ | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | 114,521 | 92,178 | 12,684 | |||||||||
| Restricted cash | 486 | 505 | 69 | |||||||||
| Accounts receivable | 34,344 | 43,132 | 5,935 | |||||||||
| Prepayments and other current assets | 20,225 | 20,796 | 2,863 | |||||||||
| Total current assets | 169,576 | 156,611 | 21,551 | |||||||||
| Non-current assets: | ||||||||||||
| Long-term investments | 112,912 | 113,160 | 15,571 | |||||||||
| Property and equipment, net | 1,433 | 1,061 | 146 | |||||||||
| Operating lease right-of-use assets | 4,081 | 3,550 | 488 | |||||||||
| Intangible assets, net | 17,941 | 15,801 | 2,174 | |||||||||
| Goodwill | 37,785 | 37,785 | 5,199 | |||||||||
| Deferred tax assets | 1,072 | 580 | 80 | |||||||||
| Other non-current assets | 5,387 | 6,517 | 898 | |||||||||
| Total non-current assets | 180,611 | 178,454 | 24,556 | |||||||||
| Total assets | 350,187 | 335,065 | 46,107 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Short-term loan | - | 3,000 | 413 | |||||||||
| Accounts payable | 21,073 | 26,639 | 3,666 | |||||||||
| Deferred revenue and customer deposits | 141,518 | 135,137 | 18,595 | |||||||||
| Operating lease liabilities | 4,007 | 2,767 | 381 | |||||||||
| Accrued liabilities and other current liabilities | 74,682 | 60,694 | 8,352 | |||||||||
| Total current liabilities | 241,280 | 228,237 | 31,407 | |||||||||
| Non-current liabilities: | ||||||||||||
| Operating lease liabilities | 629 | 1,004 | 138 | |||||||||
| Deferred tax liabilities | 3,994 | 3,643 | 501 | |||||||||
| Other non-current liabilities | 563 | 567 | 78 | |||||||||
| Total non-current liabilities | 5,186 | 5,214 | 717 | |||||||||
| Total liabilities | 246,466 | 233,451 | 32,124 | |||||||||
| Shareholders’ equity: | ||||||||||||
| Common shares | 50 | 50 | 7 | |||||||||
| Treasury shares | (2,453 | ) | (835 | ) | (115 | ) | ||||||
| Additional paid-in capital | 1,045,397 | 1,045,303 | 143,838 | |||||||||
| Accumulated deficit | (988,669 | ) | (992,068 | ) | (136,513 | ) | ||||||
| Accumulated other comprehensive income | 19,223 | 19,509 | 2,685 | |||||||||
| Total Aurora Mobile Limited’s shareholders’ equity | 73,548 | 71,959 | 9,902 | |||||||||
| Noncontrolling interests | 30,173 | 29,655 | 4,081 | |||||||||
| Total shareholders’ equity | 103,721 | 101,614 | 13,983 | |||||||||
| Total liabilities and shareholders’ equity | 350,187 | 335,065 | 46,107 | |||||||||
| AURORA MOBILE LIMITED | ||||||||||||||||||||||||||||
| RECONCILIATION OF GAAP AND NON-GAAP RESULTS | ||||||||||||||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | ||||||||||||||||||||||||||||
| Three months ended | Six months ended | |||||||||||||||||||||||||||
| June 30, 2023 | March 31,2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | ||||||||||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||||||||||||||
| Reconciliation of Net Loss to Adjusted Net Loss: | ||||||||||||||||||||||||||||
| Net loss | (23,731 | ) | (2,613 | ) | (1,304 | ) | (180 | ) | (38,972 | ) | (3,917 | ) | (542 | ) | ||||||||||||||
| Add: | ||||||||||||||||||||||||||||
| Share-based compensation | 4,168 | 1,268 | 913 | 126 | 7,206 | 2,181 | 300 | |||||||||||||||||||||
| Reduction in force charges | 1,051 | - | - | - | 1,739 | - | - | |||||||||||||||||||||
| Impairment of long-term investment | 9,660 | - | - | - | 9,660 | - | - | |||||||||||||||||||||
| Adjusted net loss | (8,852 | ) | (1,345 | ) | (391 | ) | (54 | ) | (20,367 | ) | (1,736 | ) | (242 | ) | ||||||||||||||
| Reconciliation of Net Loss to Adjusted EBITDA: | ||||||||||||||||||||||||||||
| Net loss | (23,731 | ) | (2,613 | ) | (1,304 | ) | (180 | ) | (38,972 | ) | (3,917 | ) | (542 | ) | ||||||||||||||
| Add: | ||||||||||||||||||||||||||||
| Income tax (benefits)/expenses | (179 | ) | (244 | ) | 483 | 66 | (329 | ) | 239 | 33 | ||||||||||||||||||
| Interest expenses | 218 | 6 | 42 | 6 | 441 | 48 | 7 | |||||||||||||||||||||
| Depreciation of property and equipment | 1,799 | 380 | 371 | 51 | 3,985 | 751 | 103 | |||||||||||||||||||||
| Amortization of intangible assets | 1,589 | 1,369 | 1,115 | 153 | 3,195 | 2,484 | 342 | |||||||||||||||||||||
| Amortization of land use right | 811 | - | - | - | 994 | - | - | |||||||||||||||||||||
| EBITDA | (19,493 | ) | (1,102 | ) | 707 | 96 | (30,686 | ) | (395 | ) | (57 | ) | ||||||||||||||||
| Add: | ||||||||||||||||||||||||||||
| Share-based compensation | 4,168 | 1,268 | 913 | 126 | 7,206 | 2,181 | 300 | |||||||||||||||||||||
| Reduction in force charges | 1,051 | - | - | - | 1,739 | - | - | |||||||||||||||||||||
| Impairment of long-term investment | 9,660 | - | - | - | 9,660 | - | - | |||||||||||||||||||||
| Adjusted EBITDA | (4,614 | ) | 166 | 1,620 | 222 | (12,081 | ) | 1,786 | 243 | |||||||||||||||||||
| AURORA MOBILE LIMITED | |||||||||||||||||||||
| UNAUDITED SAAS BUSINESSES REVENUE | |||||||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | |||||||||||||||||||||
| Three months ended | Six months ended | ||||||||||||||||||||
| June 30, 2023 | March 31, 2024 | June 30, 2024 | June 30, 2023 | June 30, 2024 | |||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||
| Developer Services | 52,072 | 44,749 | 56,406 | 7,762 | 97,537 | 101,155 | 13,920 | ||||||||||||||
| Subscription | 40,526 | 42,351 | 48,124 | 6,622 | 78,034 | 90,475 | 12,450 | ||||||||||||||
| Value-Added Services | 11,546 | 2,398 | 8,282 | 1,140 | 19,503 | 10,680 | 1,470 | ||||||||||||||
| Vertical Applications | 21,259 | 19,775 | 23,035 | 3,169 | 41,227 | 42,810 | 5,890 | ||||||||||||||
| Total Revenue | 73,331 | 64,524 | 79,441 | 10,931 | 138,764 | 143,965 | 19,810 | ||||||||||||||
| Gross Profits | 47,711 | 46,372 | 52,771 | 7,261 | 93,703 | 99,143 | 13,642 | ||||||||||||||
| Gross Margin | 65.1 | % | 71.9 | % | 66.4 | % | 66.4 | % | 67.5 | % | 68.9 | % | 68.9 | % | |||||||
FAQ
What were Aurora Mobile's revenues for Q2 2024?
How much did Aurora Mobile's gross profit increase in Q2 2024?
What was Aurora Mobile's net loss for Q2 2024?
How did the Developer Subscription revenue perform for Aurora Mobile in Q2 2024?
What was Aurora Mobile's adjusted EBITDA for Q2 2024?
How did Aurora Mobile’s cash and cash equivalents change in Q2 2024?
