Aurora Mobile Limited Announces Third Quarter 2024 Unaudited Financial Results
Aurora Mobile (NASDAQ: JG) reported Q3 2024 financial results with revenues of RMB79.1 million (US$11.3 million), up 7% year-over-year. The company achieved its 5th consecutive quarter of positive Adjusted EBITDA at RMB0.6 million. Developer Subscription revenue grew 11% year-over-year, exceeding RMB50 million for the first time. Net loss narrowed to RMB2.2 million from RMB7.0 million in the same quarter last year. The EngageLab business showed strong growth with customer numbers up 32% quarter-over-quarter and recognized revenue growing nearly 100% year-over-year.
Aurora Mobile (NASDAQ: JG) ha riportato i risultati finanziari per il terzo trimestre del 2024 con ricavi di 79,1 milioni di RMB (11,3 milioni di USD), con un incremento del 7% rispetto all'anno precedente. L'azienda ha registrato il quinto trimestre consecutivo di EBITDA rettificato positivo pari a 0,6 milioni di RMB. I ricavi da abbonamenti per sviluppatori sono cresciuti dell'11% su base annua, superando per la prima volta i 50 milioni di RMB. La perdita netta si è ridotta a 2,2 milioni di RMB rispetto ai 7,0 milioni dello stesso trimestre dell'anno scorso. Il business di EngageLab ha mostrato una forte crescita, con un aumento del 32% del numero di clienti rispetto al trimestre precedente e ricavi riconosciuti cresciuti di quasi il 100% su base annua.
Aurora Mobile (NASDAQ: JG) reportó resultados financieros del tercer trimestre de 2024 con ingresos de 79,1 millones de RMB (11,3 millones de USD), lo que representa un aumento del 7% en comparación con el año anterior. La compañía logró su quinto trimestre consecutivo de EBITDA ajustado positivo de 0,6 millones de RMB. Los ingresos por suscripciones de desarrollador crecieron un 11% interanual, superando por primera vez los 50 millones de RMB. La pérdida neta se redujo a 2,2 millones de RMB, desde 7,0 millones en el mismo trimestre del año pasado. El negocio de EngageLab mostró un fuerte crecimiento, con un aumento del 32% en el número de clientes de un trimestre a otro y los ingresos reconocidos creciendo casi un 100% en comparación con el año anterior.
오로라 모바일(Aurora Mobile, NASDAQ: JG)는 2024년 3분기 재무 결과를 발표하며 수익이 7910만 RMB(1130만 USD)로 전년 대비 7% 증가했다고 밝혔습니다. 이 회사는 5분기 연속 긍정적인 조정 EBITDA를 기록하며 60만 RMB를 달성했습니다. 개발자 구독 수익은 전년 대비 11% 성장하며 처음으로 5000만 RMB를 초과했습니다. 순손실은 지난해 같은 분기 700만 RMB에서 220만 RMB로 감소했습니다. EngageLab 사업부는 고객 수가 전 분기 대비 32% 증가하고 인식된 수익이 전년 대비 거의 100% 증가하며 강력한 성장을 보여주었습니다.
Aurora Mobile (NASDAQ: JG) a annoncé des résultats financiers pour le troisième trimestre de 2024, avec des revenus de 79,1 millions de RMB (11,3 millions USD), en hausse de 7% par rapport à l'année précédente. L'entreprise a réalisé son cinquième trimestre consécutif d'EBITDA ajusté positif avec 0,6 million de RMB. Les revenus des abonnements pour développeurs ont augmenté de 11% d'une année sur l'autre, dépassant pour la première fois les 50 millions de RMB. La perte nette a diminué à 2,2 millions de RMB contre 7,0 millions lors du même trimestre de l'année dernière. L'activité EngageLab a montré une forte croissance, avec un nombre de clients en hausse de 32% par rapport au trimestre précédent et des revenus reconnus en augmentation de près de 100% d'une année sur l'autre.
Aurora Mobile (NASDAQ: JG) berichtete über die finanziellen Leistungen im dritten Quartal 2024 mit Einnahmen von 79,1 Millionen RMB (11,3 Millionen USD), was einem Anstieg von 7% im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte sein fünftes aufeinanderfolgendes Quartal mit positivem bereinigtem EBITDA von 0,6 Millionen RMB. Der Umsatz aus Entwicklerabonnements wuchs um 11% im Vergleich zum Vorjahr und überstieg erstmals 50 Millionen RMB. Der Nettoverlust verringerte sich auf 2,2 Millionen RMB, gegenüber 7,0 Millionen RMB im selben Quartal des Vorjahres. Das Geschäft von EngageLab zeigte ein starkes Wachstum, mit einem Anstieg der Kundenzahl um 32% im Quartalsvergleich und einem nahezu 100%igen Anstieg der anerkannten Einnahmen im Jahresvergleich.
- Revenue increased 7% YoY to RMB79.1 million
- Developer Subscription revenue grew 11% YoY, exceeding RMB50 million milestone
- Net loss narrowed 69% YoY from RMB7.0M to RMB2.2M
- Operating expenses decreased 5% YoY
- Record operating cash inflow of RMB12.3 million
- EngageLab revenue grew nearly 100% YoY
- Cost of revenues increased 19% YoY
- Adjusted EBITDA decreased from RMB4.5M to RMB0.6M YoY
- Shifted from adjusted net income of RMB2.1M to adjusted net loss of RMB0.9M
- Cash and cash equivalents decreased from RMB115.0M to RMB101.1M since December 2023
Insights
Aurora Mobile's Q3 2024 results show mixed performance with some positive developments. Revenue grew
Key positives include record Developer Subscription revenue exceeding
SHENZHEN, China, Nov. 14, 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 third quarter ended September 30, 2024.
Third Quarter 2024 Financial Highlights
- Revenues were RMB79.1 million (US
$11.3 million ), an increase of7% year-over-year. - Cost of revenues was RMB25.8 million (US
$3.7 million ), an increase of19% year-over-year. - Gross profit was RMB53.2 million (US
$7.6 million ), an increase of2% year-over-year. - Total operating expenses were RMB57.1 million (US
$8.1 million ), a decrease of5% year-over-year. - Net loss was RMB2.2 million (US
$0.3 million ), compared with a net loss of RMB7.0 million for the same quarter last year. - Net loss attributable to Aurora Mobile Limited’s shareholders was RMB2.6 million (US
$0.4 million ), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB6.8 million for the same quarter last year. - Adjusted net loss (non-GAAP) was RMB0.9 million (US
$0.1 million ), compared with a RMB2.1 million adjusted net income for the same quarter last year. - Adjusted EBITDA (non-GAAP) was RMB0.6 million (US
$82 thousand ), compared with RMB4.5 million for the same quarter last year.
Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “This quarter has been remarkable from financial results perspective. There were a few record-breaking events that we have achieved. The snapshots for this quarter are as follows:
- Firstly, we are writing our own history! In this quarter, we recorded the 5th consecutive quarterly positive Adjusted EBITDA.
- Secondly, Developer Subscription revenue recorded both
7% growth quarter-over-quarter and11% growth year-over-year. More importantly, the quarterly revenue has exceeded RMB50 million for the first time in history. Yet another record-breaking event in this quarter! - Thirdly, we recorded net operating cash inflow of RMB12.3 million. This is the highest level for the past 16 quarters.
- Fourthly, our EngageLab business continues to grow significantly in terms of both customer numbers (grew
32% quarter-over-quarter) and cumulative signed contract value (grew23% quarter-over-quarter).
Our Subscription Services revenues of RMB51.7 million grew strongly by
Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “We have been diligent in growing and managing our business. We keep our operating expenses to an optimal level to support business growth and expansion. Our gross profit in this quarter recorded good growth, both year-over-year and quarter-over-quarter, where gross profit grew every quarter to new heights from Q1 to Q3 in 2024. Last, but not least, our net loss narrowed by
Third Quarter 2024 Financial Results
Revenues were RMB79.1 million (US
Cost of revenues was RMB25.8 million (US
Gross profit was RMB53.2 million (US
Total operating expenses were RMB57.1 million (US
- Research and development expenses were RMB24.2 million (US
$3.4 million ), a decrease of26% from RMB32.8 million in the same quarter of last year, mainly due to a RMB3.1 million decrease in personnel costs, a RMB3.0 million decrease in technical service fee, a RMB1.9 million decrease in cloud cost and a RMB0.8 million decrease in depreciation expense. - Sales and marketing expenses were RMB22.4 million (US
$3.2 million ), an increase of3% from RMB21.8 million in the same quarter of last year, mainly due to a RMB1.1 million increase in travel expense. - General and administrative expenses were RMB10.4 million (US
$1.5 million ), an increase of92% from RMB5.4 million in the same quarter of last year, mainly due to there was a one-time gain on disposal of property and equipment of RMB7.6 million in Q3’2023 which was non-existence in Q3’2024. The impact was partially offset by a RMB1.5 million decrease in personnel costs.
Loss from operations was RMB3.6 million (US
Net Loss was RMB2.2 million (US
Adjusted net loss (non-GAAP) was RMB0.9 million (US
Adjusted EBITDA (non-GAAP) was RMB0.6 million (US
The cash and cash equivalents and restricted cash were RMB101.1 million (US
Update on Share Repurchase
As of September 30, 2024, the Company had repurchased a total of 245,638 ADS, of which 28,995 ADSs, or around US
Conference Call
The Company will host an earnings conference call on Thursday, November 14, 2024 at 7:30 a.m. U.S. Eastern Time (8:30 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/BIbffdeba3d6fd4cb59da31309ca6efd3f
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 income/(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 income/(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 income/(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 income/(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 income/(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 RMB7.0176 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 | Nine months ended | ||||||||||||||||||||
| September 30, 2023 | June 30, 2024 | September 30, 2024 | September 30, 2023 | September 30, 2024 | |||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||
| Revenues | 74,058 | 79,441 | 79,052 | 11,265 | 212,822 | 223,017 | 31,780 | ||||||||||||||
| Cost of revenues | (21,756 | ) | (26,670 | ) | (25,846 | ) | (3,683 | ) | (66,817 | ) | (70,668 | ) | (10,070 | ) | |||||||
| Gross profit | 52,302 | 52,771 | 53,206 | 7,582 | 146,005 | 152,349 | 21,710 | ||||||||||||||
| Operating expenses | |||||||||||||||||||||
| Research and development | (32,797 | ) | (23,652 | ) | (24,157 | ) | (3,442 | ) | (94,721 | ) | (70,490 | ) | (10,045 | ) | |||||||
| Sales and marketing | (21,750 | ) | (20,478 | ) | (22,448 | ) | (3,199 | ) | (60,649 | ) | (60,317 | ) | (8,595 | ) | |||||||
| General and administrative | (5,436 | ) | (10,677 | ) | (10,447 | ) | (1,489 | ) | (33,582 | ) | (34,056 | ) | (4,853 | ) | |||||||
| Total operating expenses | (59,983 | ) | (54,807 | ) | (57,052 | ) | (8,130 | ) | (188,952 | ) | (164,863 | ) | (23,493 | ) | |||||||
| Other operating income(1) | 5,850 | 1,055 | 202 | 29 | 10,179 | 2,836 | 404 | ||||||||||||||
| Loss from operations | (1,831 | ) | (981 | ) | (3,644 | ) | (519 | ) | (32,768 | ) | (9,678 | ) | (1,379 | ) | |||||||
| Foreign exchange gain/(loss), net | 26 | 12 | 195 | 28 | (67 | ) | 184 | 26 | |||||||||||||
| Interest income | 269 | 195 | 211 | 30 | 953 | 2,593 | 369 | ||||||||||||||
| Interest expenses | (209 | ) | (42 | ) | (42 | ) | (6 | ) | (650 | ) | (90 | ) | (13 | ) | |||||||
| Other (loss)/income | (5,439 | ) | (20 | ) | 1,048 | 149 | (13,966 | ) | 1,043 | 149 | |||||||||||
| Change in fair value of structured deposits | 11 | 15 | 50 | 7 | 24 | 88 | 13 | ||||||||||||||
| Loss before income taxes | (7,173 | ) | (821 | ) | (2,182 | ) | (311 | ) | (46,474 | ) | (5,860 | ) | (835 | ) | |||||||
| Income tax benefits/(expenses) | 177 | (483 | ) | 24 | 3 | 506 | (215 | ) | (31 | ) | |||||||||||
| Net loss | (6,996 | ) | (1,304 | ) | (2,158 | ) | (308 | ) | (45,968 | ) | (6,075 | ) | (866 | ) | |||||||
| Less: net (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | (225 | ) | (304 | ) | 423 | 60 | (1,115 | ) | (95 | ) | (14 | ) | |||||||||
| Net loss attributable to Aurora Mobile Limited’s shareholders | (6,771 | ) | (1,000 | ) | (2,581 | ) | (368 | ) | (44,853 | ) | (5,980 | ) | (852 | ) | |||||||
| Net loss per share, for Class A and Class B common shares: | |||||||||||||||||||||
| Class A and B Common Shares - basic and diluted | (0.08 | ) | (0.01 | ) | (0.03 | ) | (0.00 | ) | (0.56 | ) | (0.08 | ) | (0.01 | ) | |||||||
| Shares used in net loss per share computation: | |||||||||||||||||||||
| Class A Common Shares - basic and diluted | 62,731,319 | 62,603,736 | 62,717,083 | 62,717,083 | 62,813,504 | 62,669,237 | 62,669,237 | ||||||||||||||
| 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 (loss)/income | |||||||||||||||||||||
| Foreign currency translation adjustments | (343 | ) | 208 | (826 | ) | (118 | ) | 1,640 | (540 | ) | (77 | ) | |||||||||
| Total other comprehensive (loss)/income, net of tax | (343 | ) | 208 | (826 | ) | (118 | ) | 1,640 | (540 | ) | (77 | ) | |||||||||
| Total comprehensive loss | (7,339 | ) | (1,096 | ) | (2,984 | ) | (426 | ) | (44,328 | ) | (6,615 | ) | (943 | ) | |||||||
| Less: comprehensive (loss)/income attributable to noncontrolling interests and redeemable noncontrolling interests | (225 | ) | (304 | ) | 423 | 60 | (1,115 | ) | (95 | ) | (14 | ) | |||||||||
| Comprehensive loss attributable to Aurora Mobile Limited’s shareholders | (7,114 | ) | (792 | ) | (3,407 | ) | (486 | ) | (43,213 | ) | (6,520 | ) | (929 | ) | |||||||
| (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$”)) | |||||||||
| As of | |||||||||
| December 31, 2023 | September 30, 2024 | ||||||||
| RMB | RMB | US$ | |||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | 114,521 | 100,755 | 14,357 | ||||||
| Restricted cash | 486 | 367 | 52 | ||||||
| Accounts receivable | 34,344 | 40,524 | 5,775 | ||||||
| Prepayments and other current assets | 20,225 | 20,175 | 2,875 | ||||||
| Total current assets | 169,576 | 161,821 | 23,059 | ||||||
| Non-current assets: | |||||||||
| Long-term investments | 112,912 | 112,488 | 16,029 | ||||||
| Property and equipment, net | 1,433 | 3,179 | 453 | ||||||
| Operating lease right-of-use assets | 4,081 | 20,884 | 2,976 | ||||||
| Intangible assets, net | 17,941 | 14,697 | 2,094 | ||||||
| Goodwill | 37,785 | 37,785 | 5,384 | ||||||
| Deferred tax assets | 1,072 | 442 | 63 | ||||||
| Other non-current assets | 5,387 | 6,136 | 875 | ||||||
| Total non-current assets | 180,611 | 195,611 | 27,874 | ||||||
| Total assets | 350,187 | 357,432 | 50,933 | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||
| Current liabilities: | |||||||||
| Short-term loan | - | 3,000 | 427 | ||||||
| Accounts payable | 21,073 | 27,072 | 3,858 | ||||||
| Deferred revenue and customer deposits | 141,518 | 134,810 | 19,210 | ||||||
| Operating lease liabilities | 4,007 | 5,403 | 770 | ||||||
| Accrued liabilities and other current liabilities | 74,682 | 68,015 | 9,692 | ||||||
| Total current liabilities | 241,280 | 238,300 | 33,957 | ||||||
| Non-current liabilities: | |||||||||
| Operating lease liabilities | 629 | 16,128 | 2,298 | ||||||
| Deferred tax liabilities | 3,994 | 3,419 | 487 | ||||||
| Other non-current liabilities | 563 | 567 | 81 | ||||||
| Total non-current liabilities | 5,186 | 20,114 | 2,866 | ||||||
| Total liabilities | 246,466 | 258,414 | 36,823 | ||||||
| Shareholders’ equity: | |||||||||
| Common shares | 50 | 50 | 7 | ||||||
| Treasury shares | (2,453 | ) | (1,669 | ) | (238 | ) | |||
| Additional paid-in capital | 1,045,397 | 1,046,525 | 149,129 | ||||||
| Accumulated deficit | (988,669 | ) | (994,649 | ) | (141,736 | ) | |||
| Accumulated other comprehensive income | 19,223 | 18,683 | 2,662 | ||||||
| Total Aurora Mobile Limited’s shareholders’ equity | 73,548 | 68,940 | 9,824 | ||||||
| Noncontrolling interests | 30,173 | 30,078 | 4,286 | ||||||
| Total shareholders’ equity | 103,721 | 99,018 | 14,110 | ||||||
| Total liabilities and shareholders’ equity | 350,187 | 357,432 | 50,933 | ||||||
| AURORA MOBILE LIMITED | |||||||||||||||||||||
| RECONCILIATION OF GAAP AND NON-GAAP RESULTS | |||||||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | |||||||||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||||||||
| September 30, 2023 | June 30, 2024 | September 30, 2024 | September 30, 2023 | September 30, 2024 | |||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||
| Reconciliation of Net Loss to Adjusted Net Income/(Loss): | |||||||||||||||||||||
| Net loss | (6,996 | ) | (1,304 | ) | (2,158 | ) | (308 | ) | (45,968 | ) | (6,075 | ) | (866 | ) | |||||||
| Add: | |||||||||||||||||||||
| Share-based compensation | 2,848 | 913 | 1,249 | 178 | 10,054 | 3,430 | 489 | ||||||||||||||
| Reduction in force charges | 619 | - | - | - | 2,358 | - | - | ||||||||||||||
| Impairment of long-term investment | 5,604 | - | - | - | 15,264 | - | - | ||||||||||||||
| Adjusted net income/(loss) | 2,075 | (391 | ) | (909 | ) | (130 | ) | (18,292 | ) | (2,645 | ) | (377 | ) | ||||||||
| Reconciliation of Net Loss to Adjusted EBITDA: | |||||||||||||||||||||
| Net loss | (6,996 | ) | (1,304 | ) | (2,158 | ) | (308 | ) | (45,968 | ) | (6,075 | ) | (866 | ) | |||||||
| Add: | |||||||||||||||||||||
| Income tax (benefits)/expenses | (177 | ) | 483 | (24 | ) | (3 | ) | (506 | ) | 215 | 31 | ||||||||||
| Interest expenses | 209 | 42 | 42 | 6 | 650 | 90 | 13 | ||||||||||||||
| Depreciation of property and equipment | 868 | 371 | 361 | 51 | 4,853 | 1,112 | 158 | ||||||||||||||
| Amortization of intangible assets | 1,519 | 1,115 | 1,112 | 158 | 4,714 | 3,596 | 512 | ||||||||||||||
| Amortization of land use right | - | - | - | - | 994 | - | - | ||||||||||||||
| EBITDA | (4,577 | ) | 707 | (667 | ) | (96 | ) | (35,263 | ) | (1,062 | ) | (152 | ) | ||||||||
| Add: | |||||||||||||||||||||
| Share-based compensation | 2,848 | 913 | 1,249 | 178 | 10,054 | 3,430 | 489 | ||||||||||||||
| Reduction in force charges | 619 | - | - | - | 2,358 | - | - | ||||||||||||||
| Impairment of long-term investment | 5,604 | - | - | - | 15,264 | - | - | ||||||||||||||
| Adjusted EBITDA | 4,494 | 1,620 | 582 | 82 | (7,587 | ) | 2,368 | 337 | |||||||||||||
| AURORA MOBILE LIMITED | |||||||||||||||||||||
| UNAUDITED SAAS BUSINESSES REVENUE | |||||||||||||||||||||
| (Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”)) | |||||||||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||||||||
| September 30, 2023 | June 30, 2024 | September 30, 2024 | September 30, 2023 | September 30, 2024 | |||||||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||
| Developer Services | 51,534 | 56,406 | 57,485 | 8,191 | 149,071 | 158,640 | 22,606 | ||||||||||||||
| Subscription | 46,659 | 48,124 | 51,651 | 7,360 | 124,693 | 142,126 | 20,253 | ||||||||||||||
| Value-Added Services | 4,875 | 8,282 | 5,834 | 831 | 24,378 | 16,514 | 2,353 | ||||||||||||||
| Vertical Applications | 22,524 | 23,035 | 21,567 | 3,074 | 63,751 | 64,377 | 9,174 | ||||||||||||||
| Total Revenue | 74,058 | 79,441 | 79,052 | 11,265 | 212,822 | 223,017 | 31,780 | ||||||||||||||
| Gross Profits | 52,302 | 52,771 | 53,206 | 7,582 | 146,005 | 152,349 | 21,710 | ||||||||||||||
| Gross Margin | 70.6 | % | 66.4 | % | 67.3 | % | 67.3 | % | 68.6 | % | 68.3 | % | 68.3 | % | |||||||
FAQ
What was Aurora Mobile's (JG) revenue growth in Q3 2024?
How much did Aurora Mobile (JG) reduce its net loss in Q3 2024?
What was Aurora Mobile's (JG) Developer Subscription revenue growth in Q3 2024?
How much operating cash flow did Aurora Mobile (JG) generate in Q3 2024?
