Latest news with #uCloudlink
Globe and Mail
12 hours ago
- Business
- Globe and Mail
uCloudlink Unveils 4 Breakthrough Solutions at MVNOs World 2025: Driving Revenue, Network Optimization and User Retention for MVNOs
VIENNA, May 15, 2025 /CNW/ -- uCloudlink (NASDAQ: UCL), the world's first and leading mobile data traffic-sharing marketplace, made its debut at MVNOs World 2025. On May 14, uCloudlink Brand Ambassador Matthias delivered a keynote speech titled "Innovations for: NEW REVENUE, BEST NETWORK, LOYALTY RETENTION," unveiling groundbreaking solutions designed to empower MVNOs and MNOs. At the event, uCloudlink engaged global partners for collaborations, boosting MVNO/MNO innovation.
Yahoo
15-05-2025
- Business
- Yahoo
uCloudlink Unveils 4 Breakthrough Solutions at MVNOs World 2025: Driving Revenue, Network Optimization and User Retention for MVNOs
VIENNA, May 15, 2025 /CNW/ -- uCloudlink (NASDAQ: UCL), the world's first and leading mobile data traffic-sharing marketplace, made its debut at MVNOs World 2025. On May 14, uCloudlink Brand Ambassador Matthias delivered a keynote speech titled "Innovations for: NEW REVENUE, BEST NETWORK, LOYALTY RETENTION," unveiling groundbreaking solutions designed to empower MVNOs and MNOs. At the event, uCloudlink engaged global partners for collaborations, boosting MVNO/MNO innovation. uCloudlink: Powering Industry Transformation Through Innovation As the world's leading solution provider for telecom technology, uCloudlink enables MVNOs/MNOs to transform revenue challenges into growth opportunities with its CloudSIM, HyperConn® technologies and four innovative solutions. Two Revolutionary Technologies CloudSIM Proprietary Technology: Eliminates geographical restrictions by enabling local procurement (without carrier contracts) to deliver full-speed local connectivity and global cross-network roaming. This innovation empowers customers with industry-leading zero-roaming coverage, seamlessly connecting them across 200+ countries/regions via 390+ operator networks—including 5G full-speed access in 80+ destinations (the world's most extensive coverage). HyperConn® Super Connectivity: Cost-effectively aggregates multiple networks to resolve operator congestion and coverage gaps, delivering optimal service quality. With one account and one device, it intelligently manages all networks—providing the best connection at the lowest cost. Four Connectivity Solutions Solving MVNO/MNO's top 3 challenges: Revenue, Networks, Loyalty 1. eSIM Trio Solution uCloudlink's eSIM Trio Solution redefines SIM technology by integrating SIM, eSIM, OTA SIM, and CloudSIM capabilities. It transforms single-network travel SIMs/eSIMs into a powerful "Super SIM" - enabling seamless domestic/international coverage across multiple networks while delivering premium services to maximize user retention. For MVNO/MNO, eSIM Trio offers the simplest, safest, and cost-effective solution to tackle three major challenges. 2. CloudSIM Kit Solution The CloudSIM Kit is a plug-and-play IoT solution delivering instant global full-speed 4G and 5G connectivity for IoT and smart devices. It requires no hardware modifications or software upgrades, making it a simple and effective solution for universal connectivity. With coverage across 390+ global mobile operators, it ensures constant connectivity and truly enabling "seamless global coverage." This solution not only enhances user convenience but also helps MVNOs/MNOs expand their international reach, attract cross-border users, improve retention through differentiated services, and create new revenue streams. 3. Life Series Solutions The Life Series is uCloudlink's newest product line designed to enhance connectivity and enrich user experiences across daily scenarios—from smart homes and travel to pet care. The flagship product, PetPhone—the world's first smart pet phone—combines fun, safety, health, and community features. It supports AI real-time calls (pets can initiate contact via specific actions), AI health monitoring, and uses six-layer positioning technology for global accuracy. It also fosters a global pet owner community for shared pet-care wisdom. MVNOs/MNOs can leverage eSIM + PetPhone to acquire new users and boost subscription revenue. Beyond this, the Life Series also includes the RoamPlug "four-in-one" Internet universal socket that supports eSIM function and the global multi-function Internet charging cable UniCord series products, helping MVNO/MNO increase revenue and improve customer loyalty. 4. MBB Solutions With explosive growth in network demand, MVNOs/MNOs urgently need to enhance user experience to stay competitive. uCloudlink's MBB mobile broadband solution, powered by HyperConn® AI technology, enables seamless network management through a single device and account—eliminating the need to switch between devices or accounts. It intelligently automates cellular and WiFi network switching, delivering optimal connectivity for all scenarios (home, office, travel, and international use) with effortless, user-friendly operation. This solution empowers MVNOs/MNOs to upgrade their customer base from budget to premium segments. MeowGo G50 Max: The world's first satellite-enabled 5G mobile Wi-Fi device driven by HyperConn® AI, integrating broadband, Wi-Fi, 4G/5G, and satellite networks. AI auto-switching ensures seamless multi-network management for a hassle-free experience. MeowGo G40 PRO: A HyperConn® 4G mobile Wi-Fi device, 3x faster than traditional 4G devices, with in-flight connectivity. Mr. Chaohui Chen, CEO of uCloudlink, stated: "Our solutions target the pain points of MVNOs/MNOs—NEW REVENUE, BEST NETWORK, LOYALTY RETENTION. At MVNOs World 2025, we keep exploring opportunities to collaborate with global partners for mutual success." During the exhibition, uCloudlink engaged attendees with live demonstrations, technical deep dives, and partnership discussions, showcasing the real-world impact of its innovations, fostering collaborations to redefine the future for MVNO/MNO industry advancement. View original content to download multimedia: SOURCE uCloudlink Group Inc. 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Cision Canada
15-05-2025
- Business
- Cision Canada
uCloudlink Unveils 4 Breakthrough Solutions at MVNOs World 2025: Driving Revenue, Network Optimization and User Retention for MVNOs
VIENNA, May 15, 2025 /CNW/ -- uCloudlink (NASDAQ: UCL), the world's first and leading mobile data traffic-sharing marketplace, made its debut at MVNOs World 2025. On May 14, uCloudlink Brand Ambassador Matthias delivered a keynote speech titled "Innovations for: NEW REVENUE, BEST NETWORK, LOYALTY RETENTION," unveiling groundbreaking solutions designed to empower MVNOs and MNOs. At the event, uCloudlink engaged global partners for collaborations, boosting MVNO/MNO innovation. uCloudlink: Powering Industry Transformation Through Innovation As the world's leading solution provider for telecom technology, uCloudlink enables MVNOs/MNOs to transform revenue challenges into growth opportunities with its CloudSIM, HyperConn® technologies and four innovative solutions. Two Revolutionary Technologies CloudSIM Proprietary Technology: Eliminates geographical restrictions by enabling local procurement (without carrier contracts) to deliver full-speed local connectivity and global cross-network roaming. This innovation empowers customers with industry-leading zero-roaming coverage, seamlessly connecting them across 200+ countries/regions via 390+ operator networks —including 5G full-speed access in 80+ destinations (the world's most extensive coverage). HyperConn® Super Connectivity: Cost-effectively aggregates multiple networks to resolve operator congestion and coverage gaps, delivering optimal service quality. With one account and one device, it intelligently manages all networks—providing the best connection at the lowest cost. Four Connectivity Solutions Solving MVNO/MNO's top 3 challenges: Revenue, Networks, Loyalty 1. eSIM Trio Solution uCloudlink's eSIM Trio Solution redefines SIM technology by integrating SIM, eSIM, OTA SIM, and CloudSIM capabilities. It transforms single-network travel SIMs/eSIMs into a powerful "Super SIM" - enabling seamless domestic/international coverage across multiple networks while delivering premium services to maximize user retention. For MVNO/MNO, eSIM Trio offers the simplest, safest, and cost-effective solution to tackle three major challenges. 2. CloudSIM Kit Solution The CloudSIM Kit is a plug-and-play IoT solution delivering instant global full-speed 4G and 5G connectivity for IoT and smart devices. It requires no hardware modifications or software upgrades, making it a simple and effective solution for universal connectivity. With coverage across 390+ global mobile operators, it ensures constant connectivity and truly enabling "seamless global coverage." This solution not only enhances user convenience but also helps MVNOs/MNOs expand their international reach, attract cross-border users, improve retention through differentiated services, and create new revenue streams. 3. Life Series Solutions The Life Series is uCloudlink's newest product line designed to enhance connectivity and enrich user experiences across daily scenarios—from smart homes and travel to pet care. The flagship product, PetPhone—the world's first smart pet phone—combines fun, safety, health, and community features. It supports AI real-time calls (pets can initiate contact via specific actions), AI health monitoring, and uses six-layer positioning technology for global accuracy. It also fosters a global pet owner community for shared pet-care wisdom. MVNOs/MNOs can leverage eSIM + PetPhone to acquire new users and boost subscription revenue. Beyond this, the Life Series also includes the RoamPlug "four-in-one" Internet universal socket that supports eSIM function and the global multi-function Internet charging cable UniCord series products, helping MVNO/MNO increase revenue and improve customer loyalty. 4. MBB Solutions With explosive growth in network demand, MVNOs/MNOs urgently need to enhance user experience to stay competitive. uCloudlink's MBB mobile broadband solution, powered by HyperConn® AI technology, enables seamless network management through a single device and account—eliminating the need to switch between devices or accounts. It intelligently automates cellular and WiFi network switching, delivering optimal connectivity for all scenarios (home, office, travel, and international use) with effortless, user-friendly operation. This solution empowers MVNOs/MNOs to upgrade their customer base from budget to premium segments. MeowGo G50 Max: The world's first satellite-enabled 5G mobile Wi-Fi device driven by HyperConn® AI, integrating broadband, Wi-Fi, 4G/5G, and satellite networks. AI auto-switching ensures seamless multi-network management for a hassle-free experience. MeowGo G40 PRO: A HyperConn® 4G mobile Wi-Fi device, 3x faster than traditional 4G devices, with in-flight connectivity. Mr. Chaohui Chen, CEO of uCloudlink, stated: "Our solutions target the pain points of MVNOs/MNOs—NEW REVENUE, BEST NETWORK, LOYALTY RETENTION. At MVNOs World 2025, we keep exploring opportunities to collaborate with global partners for mutual success." During the exhibition, uCloudlink engaged attendees with live demonstrations, technical deep dives, and partnership discussions, showcasing the real-world impact of its innovations, fostering collaborations to redefine the future for MVNO/MNO industry advancement.
Associated Press
13-03-2025
- Business
- Associated Press
UCLOUDLINK GROUP INC. Announces Unaudited Fourth Quarter and Full Year 2024 Financial Results
HONG KONG, March 13, 2025 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. ('UCLOUDLINK' or the 'Company') (NASDAQ: UCL), the world's first and leading mobile data traffic sharing marketplace, today announced its unaudited financial results for the three months and the full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Total revenues were US$26.0 million, representing an increase of 19.5% from US$21.7 million in the fourth quarter of 2023. Gross profit was US$11.2 million, representing a decrease of 1.0% from US$11.3 million in the fourth quarter of 2023. Loss from operations was US$1.7 million, compared to US$1.9 million in the fourth quarter of 2023. Net loss was US$1.5 million, compared to US$1.8 million in the fourth quarter of 2023. Adjusted net loss (non-GAAP) was US$3.1 million, compared to adjusted net income of US$1.1 million in the fourth quarter of 2023. Adjusted EBITDA (non-GAAP) was negative US$2.3 million, compared to positive US$1.5 million in the fourth quarter of 2023. Full Year 2024 Financial Highlights Total revenues were US$91.6 million, representing an increase of 7.1% from US$85.6 million in 2023. Gross profit was US$44.4 million, representing an increase of 5.7% from US$42.0 million in 2023. Income from operations was US$4.4 million, compared to US$2.6 million in 2023. Net income was US$4.6 million, compared to US$2.8 million in 2023. Adjusted net income (non-GAAP) was US$4.5 million, compared to US$8.5 million in 2023. Adjusted EBITDA (non-GAAP) was US$7.1 million, compared to US$9.8 million in 2023. Fourth Quarter and Full Year 2024 Operational Highlights In the fourth quarter of 2024, total data consumed through the Company's platform was 42,577 terabytes (6,058 terabytes procured by the Company and 36,519 terabytes procured by our business partners), representing a decrease of 3.3% from 44,011 terabytes in the fourth quarter of 2023. In the fourth quarter of 2024, average daily active terminals were 308,386 (15,354 owned by the Company and 293,032 owned by our business partners), representing a decrease of 2.5% from 316,207 in the fourth quarter of 2023. During the fourth quarter of 2024, 54.3% of daily active terminals were from uCloudlink 1.0 international data connectivity services and 45.7% of daily active terminals were from uCloudlink 2.0 local data connectivity services. In 2024, total data consumed through the Company's platform was 172,912 terabytes (24,719 terabytes procured by the Company and 148,193 terabytes procured by our business partners), representing a decrease of 4.1% from 180,259 terabytes in 2023. In 2024, average daily active terminals were 316,688 (16,739 owned by the Company and 299,949 owned by our business partners), representing an increase of 0.2% from 316,104 in 2023. In 2024, 57.4% of daily active terminals were from uCloudlink 1.0 international data connectivity services and 42.6% of daily active terminals were from uCloudlink 2.0 local data connectivity services. Average daily data usage per terminal was 1.55 GB in December 2024. As of December 31, 2024, the Company had served 2,818 business partners in 62 countries and regions. The Company had 185 patents with 165 approved and 20 pending approval, while the pool of SIM cards was from 391 MNOs globally as of December 31, 2024. Executive Commentary Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, commented, 'We closed out the year with a solid performance as our expanding GlocalMe ecosystem continues to gain growth momentum. Total revenues in 2024 increased 7.1% year-over-year to US$91.6 million with net income of US$4.6 million and net cash inflow from operations of US$9.2 million, the latter representing a significant 41.2% increase from last year. Total revenues from mainland China surged 97.4% year-over-year, indicating that our uCloudlink 1.0 international data connectivity solutions are being more widely adopted by consumers and are strengthening our leading position in the roaming market.' 'The visibility and exposure of our GlocalMe Life and GlocalMe mobile/fixed broadband series of products are expanding rapidly as we continue to market them at major global expos and build out their retail presence through business partners and channels globally. We signed cooperation agreements during the fourth quarter to make these products widely available across airport retail locations in North America and are now actively negotiating to expand these partnerships across Europe soon. With additional products in these series already in development or set to launch imminently, we are working to replicate this process through other channels across North America and Europe to expand their exposure to a broader audience. Following successful small-scale commercial application of our soft cloud SIM technology with several leading manufacturers in the security camera, dashboard camera and other related sectors, the commercial application of our GlocalMe Internet of Things ('IoT') solutions scaled up significantly during the quarter. GlocalMe IoT user numbers are growing rapidly and are expected to ramp up going forward, allowing us to demonstrate the strength and capabilities of our solutions to an even broader audience across the IoT sector. We also made breakthroughs in the deployment of artificial intelligence ('AI') to enhance operational efficiency internally and improve the user experience of our solutions with AI-powered chat interfaces for travel assistance, ensuring seamless connectivity for users globally.' 'As we look ahead to 2025, we have several exciting developments for people, IoT and pets, that will further expand the global exposure and visibility of our comprehensive solutions, delivering better connections for daily life and unlocking new revenue streams. Building on the momentum we picked up after attending CES 2025 earlier this year, we recently showcased further innovations at MWC Barcelona 2025, including PetPhone, eSIM TRIO, CloudSIM Kit, and HyperConn ® 5G mobile Wi-Fi hotspot with AI-driven Sky-to-Ground connectivity solutions, further strengthening the tailwinds behind our broader series of GlocalMe solutions. With these innovative solutions increasingly creating new revenue streams and scaling up our user base, I am confident we are on the right track to build an integrated and comprehensive global mobile data traffic sharing marketplace that will create long-term sustainable value for shareholders.' Fourth Quarter 2024 Financial Results Revenues Total revenues were US$26.0 million, representing an increase of 19.5% from US$21.7 million in the same period of 2023. Revenues from services were US$15.0 million, representing an increase of 0.6% from US$14.9 million in the same period of 2023. This increase was primarily attributable to the increase in revenues from PaaS and SaaS services. Revenues from data connectivity services were US$11.7 million, representing a decrease of 0.9% from US$11.8 million in the same period of 2023. The decrease was primarily attributable to a decrease in revenues from international data connectivity services to US$9.6 million in the fourth quarter of 2024 from US$9.8 million in the same period of 2023, which was partially offset by an increase in revenues from local data connectivity services to US$2.1 million in the fourth quarter of 2024 from US$2.0 million in the same period of 2023. Revenues from PaaS and SaaS services were US$3.0 million, representing an increase of 2.6% from US$2.9 million in the same period of 2023. This increase was primarily attributable to business partners increasingly utilizing PaaS and SaaS services to enhance operational efficiency. Revenues from sales of products were US$11.0 million, representing an increase of 60.9% from US$6.8 million in the same period of 2023, primarily due to the increase in demand for data related products. Geographic Distribution During the fourth quarter of 2024, as a percentage of our total revenues, Japan contributed 53.6%, Mainland China contributed 20.0%, North America contributed 12.1%, and other countries and regions contributed the remaining 14.3%, compared to 43.1%, 16.5%, 24.3% and 16.1%, respectively, in the same period of 2023. Cost of Revenues Cost of revenues was US$14.8 million, representing an increase of 41.7% from US$10.4 million in the same period of 2023. This increase was in line with the increase in total revenues during the fourth quarter of 2024. Cost of services was US$6.2 million, representing an increase of 4.2% from US$5.9 million in the same period of 2023. Cost of products sold was US$8.6 million, representing an increase of 91.5% from US$4.5 million in the same period of 2023. Gross Profit Overall gross profit was US$11.2 million, compared to US$11.3 million in the same period of 2023. Overall gross margin was 43.0% in the fourth quarter of 2024, compared to 52.0% in the same period of 2023. Gross profit on services was US$8.8 million, compared to US$9.0 million in the same period of 2023. Gross margin on services was 58.6% in the fourth quarter of 2024, compared to 60.1% in the same period of 2023. Gross profit on sales of products was US$2.4 million, compared to US$2.3 million in the same period of 2023. Gross margin on sales of products was 21.7% in the fourth quarter of 2024, compared to 34.2% in the same period of 2023. Operating Expenses Total operating expenses were US$14.1 million, compared to US$12.1 million in the same period of 2023. Research and development expenses were US$1.8 million, representing a decrease of 10.3% from US$2.0 million in the same period of 2023. This decrease was primarily due to a decrease of US$0.4 million in staff costs. Sales and marketing expenses were US$6.2 million, representing an increase of 52.6% from US$4.1 million in the same period of 2023. This increase was primarily due to increases of US$1.5 million in promotional fees, US$0.3 million in service fees, and US$0.2 million in staff costs. General and administrative expenses were US$6.1 million, representing an increase of 1.1% from US$6.0 million in the same period of 2023. This increase was primarily due to an increase of US$0.6 million in professional service fees, which was partially offset by decreases of US$0.3 million in staff costs and US$0.3 million in share-based compensation expenses. Loss from Operations Loss from operations was US$1.7 million, compared to US$1.9 million in the same period of 2023. Adjusted EBITDA (Non-GAAP) Adjusted EBITDA (Non-GAAP), which excludes the impact of share-based compensation, fair value gain/loss in other investment, share of profit/loss in equity method investment, net of tax, interest expense, income tax expenses and depreciation and amortization, was negative US$2.3 million, compared to positive US$1.5 million in the same period of 2023. Net Interest Income Net interest income was US$0.1 million, compared to US$0.01 million in the same period of 2023. Net Loss Net loss was US$1.5 million, compared to US$1.8 million in the same period of 2023. Adjusted Net Loss/Income (Non-GAAP) Adjusted net loss, which excludes the impact of share-based compensation, fair value gain/loss in other investment and share of profit/loss in equity method investment, net of tax, was US$3.1 million, compared to adjusted net income of US$1.1 million in the same period of 2023. Basic and Diluted Loss per ADS Basic and diluted loss per ADS attributable to ordinary shareholders were US$0.04 in the fourth quarter of 2024, compared to US$0.05 in the same period of 2023. Cash and Cash Equivalents As of December 31, 2024, the Company had cash and cash equivalents of US$30.1 million, compared to US$27.7 million as of September 30, 2024. The increase was primarily attributable to proceeds of US$5.6 million from bank borrowings and net inflow of US$0.5 million from operations, which was partially offset by repayments of US$2.5 million in other borrowings and a payment of US$0.6 million for capital expenditures. Capital Expenditures ('CAPEX') CAPEX was US$0.6 million, compared to US$0.4 million in the same period of 2023. Full Year 2024 Financial Results Revenues Total revenues were US$91.6 million, representing an increase of 7.1% from US$85.6 million in 2023. Revenues from services were US$60.0 million, representing an increase of 2.4% from US$58.6 million in 2023. This increase was primarily attributable to the increases in revenues from data connectivity services and from PaaS and SaaS services. Revenues from data connectivity services were US$47.6 million, representing an increase of 1.9% from US$46.7 million in 2023. This increase was primarily attributable to an increase in revenues from international data connectivity services to US$39.5 million in 2024 from US$37.9 million in 2023, as the recovery of international travel continues, which was partially offset by a decrease in revenues from local data connectivity services to US$8.1 million in 2024 from US$8.8 million in 2023. Revenues from PaaS and SaaS services were US$11.3 million, representing an increase of 8.3% from US$10.4 million in 2023. This increase was primarily attributable to business partners increasingly utilizing PaaS and SaaS services to enhance operational efficiency. Revenues from sales of products were US$31.6 million, representing an increase of 17.1% from US$27.0 million in 2023, primarily attributable to an increase of US$6.3 million in sales of data related products, which was partially offset by a decrease of US$2.1 million in sales of terminals. Geographic Distribution During 2024, as a percentage of our total revenues, Japan contributed 47.4%, Mainland China contributed 24.0%, North America contributed 13.8%, and other countries and regions contributed the remaining 14.8%, compared to 43.4%, 13.0%, 28.1% and 15.5%, respectively, in 2023. Cost of Revenues Cost of revenues was US$47.2 million, representing an increase of 8.4% from US$43.6 million in 2023. This increase was primarily due to an increase in cost of products sold. Cost of services was US$23.5 million, representing a decrease of 3.4% from US$24.3 million in 2023. Cost of products sold was US$23.7 million, representing an increase of 23.2% from US$19.3 million in 2023, primarily due to product mix. Gross Profit Overall gross profit was US$44.4 million, compared to US$42.0 million in 2023. Overall gross margin was 48.4% in 2024, compared to 49.0% in 2023. Gross profit on services was US$36.5 million, compared to US$34.3 million in 2023. Gross margin on services was 60.8% in 2024, compared to 58.5% in 2023. Gross profit on sales of products was US$7.9 million, compared to US$7.7 million in 2023. Gross margin on sales of products was 24.9% in 2024, compared to 28.6% in 2023. Operating Expenses Total operating expenses were US$42.0 million, compared to US$37.9 million in 2023. Research and development expenses were US$6.2 million, representing a decrease of 4.0% from US$6.5 million in 2023. This decrease was primarily due to a decrease of US$0.5 million in staff costs, which was partially offset by an increase of US$0.3 million in professional service fees. Sales and marketing expenses were US$19.9 million, representing an increase of 39.3% from US$14.3 million in 2023. This increase was primarily due to increases of US$3.2 million in promotion fees, US$0.9 million in staff costs, US$0.8 million in operating lease payments, and US$0.7 million in service fees. General and administrative expenses were US$15.9 million, representing a decrease of 6.8% from US$17.1 million in 2023. This decrease was primarily due to decreases of US$1.6 million in share-based compensation expenses and US$0.8 million in staff costs, which were partially offset by increases of US$0.9 million in professional service fees and US$0.6 million in provision for bad debts. Income from Operations Income from operations was US$4.4 million, compared to US$2.6 million in 2023. Adjusted EBITDA (Non-GAAP) Adjusted EBITDA (Non-GAAP), which excludes the impact of share-based compensation, fair value gain/loss in other investment, share of profit/loss in equity method investment, net of tax, interest expense, income tax expenses and depreciation and amortization, was US$7.1 million, compared to US$9.8 million in 2023. Net Interest Income/Expenses Net interest income was US$0.03 million, compared to net interest expenses of US$0.06 million in 2023. Net Income Net income was US$4.6 million, compared to US$2.8 million in 2023. Adjusted Net Income (Non-GAAP) Adjusted net income, which excludes the impact of share-based compensation, fair value gain/loss in other investment and share of profit/loss in equity method investment, net of tax, was US$4.5 million, compared to US$8.5 million in 2023. Basic and Diluted Earnings per ADS Basic and diluted earnings per ADS attributable to ordinary shareholders were US$0.12 in 2024, compared to US$0.08 in 2023. Capital Expenditures ('CAPEX') CAPEX was US$4.0 million, compared to US$2.1 million in 2023. Business Outlook For the first quarter of 2025, UCLOUDLINK expects total revenues to be between US$18.2 million and US$19.5 million, representing an increase of 0.6% to 7.7% compared to the same period of 2024. For 2025, UCLOUDLINK expects total revenues to be between US$95.0 million and US$130.0 million, representing an increase of 3.7% to 41.9% from 2024. The above outlook is based on current market conditions and reflects the Company's preliminary estimates of market and operating conditions and customer demand. Non-GAAP Financial Measures To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States, or GAAP, this press release presents, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess the Company's 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. Adjusted net income/(loss) is defined as net income/(loss) excluding share-based compensation, fair value gain/loss in other investment and share of profit/loss in equity method investment, net of tax. Adjusted EBITDA is defined as net income/(loss) excluding share-based compensation, fair value gain/loss in other investment, share of profit/loss in equity method investment, net of tax, interest expense, income tax expenses and depreciation and amortization. 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 are included in income/(loss) from operations and net income/(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 its management in its 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. Share-based compensation, fair value gain/loss in other investment and share of profit/loss in equity method investment, net of tax, have been and may continue to be incurred in the Company's business and is not reflected in the presentation of adjusted net income/(loss). 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 compensate for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating its performance. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release. Conference Call UCLOUDLINK will hold a conference call at 8:30 a.m. Eastern Time on Thursday, March 13, 2025 (8:30 p.m. Beijing Time on the same day) to discuss financial results and answer questions from investors and analysts. Listeners may access the call by dialing: International: +1-412-902-4272 US (Toll Free): +1-888-346-8982 UK (Toll Free) 0-800-279-9489 UK (Local Toll) 0-207-544-1375 Mainland China (Toll Free): 400-120-1203 Hong Kong (Toll Free): 800-905-945 Hong Kong (Local Toll): +852-3018-4992 Singapore (Toll Free): 800-120-6157 Australia (Toll Free): 1-800-121301 Participants should dial in at least 10 minutes before the scheduled start time and ask to be connected to the call for 'UCLOUDLINK GROUP INC.' Additionally, a live and archived webcast of the conference call will be available at A telephone replay will be available one hour after the end of the conference until March 20, 2025, by dialing: About UCLOUDLINK GROUP INC. UCLOUDLINK is the world's first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company's products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing. 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 financial guidance and quotations from management in this announcement, as well as UCLOUDLINK's strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic 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 UCLOUDLINK'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: UCLOUDLINK's strategies; UCLOUDLINK's future business development, financial condition and results of operations; UCLOUDLINK's ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK's revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; the impact of the COVID-19 pandemic to UCLOUDLINK's business operations and the economy in China and elsewhere generally; 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 UCLOUDLINK undertakes no duty to update such information, except as required under applicable law. For more information, please contact: UCLOUDLINK GROUP INC. UNAUDITED CONSOLIDATED BALANCE SHEETS (In thousands of US$, except for share and per share data) As of December 31, As of December 31, 2023 2024 ASSETS Current assets Cash and cash equivalents 23,371 30,057 Accounts receivable, net 6,489 7,880 Inventories 2,183 1,312 Prepayments and other current assets 6,416 5,637 Other investments 7,613 8,703 Amounts due from related parties 2,945 1,971 Total current assets 49,017 55,560 Non-current assets Prepayments 228 - Long-term investments 1,956 2,011 Right-of-use assets, net 2,321 2,876 Property and equipment, net 2,433 4,025 Intangible assets, net 652 507 Total non-current assets 7,590 9,419 TOTAL ASSETS 56,607 64,979 LIABILITIES Current liabilities Short term borrowings 5,297 6,956 Accrued expenses and other liabilities 24,755 25,169 Accounts payable 5,314 7,445 Amounts due to related parties 1,250 49 Contract liabilities 1,425 709 Operating lease liabilities 1,082 1,853 Total current liabilities 39,123 42,181 Non-current liabilities Operating lease liabilities 1,286 1,088 Other non-current liabilities 145 87 Total non-current liabilities 1,431 1,175 TOTAL LIABILITIES 40,554 43,356 SHAREHOLDERS' EQUITY Class A ordinary shares 13 13 Class B ordinary shares 6 6 Additional paid-in capital 240,137 241,378 Accumulated other comprehensive income 2,463 2,234 Accumulated losses (226,566) (222,008) TOTAL SHAREHOLDERS' EQUITY 16,053 21,623 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 56,607 64,979 UCLOUDLINK GROUP INC. UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) (In thousands of US$, except for share and per share data) For the three months ended For the year ended December 31, 2023 December 31, 2024 December 31, 2023 December 31, 2024 Revenues 21,730 25,960 85,576 91,635 Revenues from services 14,927 15,015 58,570 60,002 Sales of products 6,803 10,945 27,006 31,633 Cost of revenues (10,438) (14,786) (43,611) (47,274) Cost of services (5,963) (6,216) (24,318) (23,503) Cost of products sold (4,475) (8,570) (19,293) (23,771) Gross profits 11,292 11,174 41,965 44,361 Research and development expenses (1,999) (1,794) (6,456) (6,198) Sales and marketing expenses (4,081) (6,228) (14,304) (19,926) General and administrative expenses (5,993) (6,057) (17,118) (15,947) Other (expenses)/income, net (1,077) 1,187 (1,500) 2,095 (Loss)/income from operations (1,858) (1,718) 2,587 4,385 Interest income 34 176 70 227 Interest expenses (28) (51) (133) (196) (Loss)/income before income tax (1,852) (1,593) 2,524 4,416 Income tax expense (3) (2) (70) (68) Share of profit in equity method investment, net of tax 24 93 357 210 Net (loss)/income (1,831) (1,502) 2,811 4,558 Attributable to: Equity holders of the Company (1,831) (1,502) 2,811 4,558 (Loss)/earnings per share for Class A and Class B ordinary shares Basic (0.00) (0.00) 0.01 0.01 Diluted (0.00) (0.00) 0.01 0.01 (Loss)/earnings per ADS (10 Class A shares equal to 1 ADS) Basic (0.05) (0.04) 0.08 0.12 Diluted (0.05) (0.04) 0.08 0.12 Shares used in earnings per Class A and Class B ordinary share computation: Basic 374,485,700 377,971,590 371,726,318 376,344,425 Diluted 374,485,700 377,971,590 371,726,318 376,344,425 Net (loss)/income (1,831) (1,502) 2,811 4,558 Other comprehensive (loss)/income, net of tax Foreign currency translation adjustment (524) 458 587 (229) Total comprehensive (loss)/income (2,355) (1,044) 3,398 4,329 UCLOUDLINK GROUP INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands of US$) For the three months ended For the year ended December 31, 2023 December 31, 2024 December 31, 2023 December 31, 2024 Net cash (used in)/generated from operating activities (1,313) 540 6,507 9,186 Net cash generated from/(used in) investing activities 1,271 (580) (240) (3,758) Net cash generated from financing activities 2,903 3,061 2,509 1,732 Increase in cash and cash equivalents 2,861 3,021 8,776 7,160 Cash and cash equivalents at beginning of the period/year 20,256 27,678 14,921 23,371 Effect of exchange rates on cash and cash equivalents 254 (642) (326) (474) Cash and cash equivalents at end of the period/year 23,371 30,057 23,371 30,057 UCLOUDLINK GROUP INC. UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS (In thousands of US$) For the three months ended For the year ended December 31, 2023 December 31, 2024 December 31, 2023 December 31, 2024 Reconciliation of Net (Loss)/Income to Adjusted Net Income/(Loss) Net (loss)/income (1,831) (1,502) 2,811 4,558 Add: share-based compensation 460 222 3,314 1,241 fair value loss/(gain) in other investments 2,476 (1,730) 2,748 (1,091) Less: share of profit in equity method investment, net of tax (24) (93) (357) (210) Adjusted net income/(loss) 1,081 (3,103) 8,516 4,498 For the three months ended For the year ended December 31, 2023 December 31, 2024 December 31, 2023 December 31, 2024 Reconciliation of Net (Loss)/Income to Adjusted EBITDA Net (loss)/income (1,831) (1,502) 2,811 4,558 Add: Interest expense 28 51 133 196 Income tax expenses 3 2 70 68 Depreciation and amortization 371 724 1,121 2,328 EBITDA (1,429) (725) 4,135 7,150 Add: share-based compensation 460 222 3,314 1,241 fair value loss/(gain) in other investments 2,476 (1,730) 2,748 (1,091) Less: share of profit in equity method investment, net of tax (24) (93) (357) (210) Adjusted EBITDA 1,483 (2,326) 9,840 7,090
Yahoo
05-03-2025
- Business
- Yahoo
uCloudlink Unveils Groundbreaking Innovations at MWC 2025: Redefining Connectivity for IoT, People, and Pets
BARCELONA, Spain, March 3, 2025 /PRNewswire/ -- uCloudlink (NASDAQ: UCL), the world's first and leading mobile data traffic-sharing marketplace, is thrilled to announce its participation in MWC 2025, where it will showcase its latest innovations in connectivity. This year's theme, "Global First Network: The Ideal Sky-to-Ground Connectivity to Unlock New Revenue – Connecting IoT, People, and Pets," highlights uCloudlink's transformative solutions for a more connected world. Revolutionizing Connectivity Across IoT, People, and Pets uCloudlink's groundbreaking "Global First Network" concept introduces a seamless sky-to-ground approach to connectivity aimed at transforming the way IoT devices, individuals, and even pets stay connected. By leveraging its proprietary HyperConn®, CloudSIM, and 6-tech Positioning technologies, uCloudlink is breaking barriers in connectivity, creating innovative solutions that enhance digital experiences worldwide. Key highlights of uCloudlink's vision: Deliver the convenient, secured and premium connectivity among mobile internet, fixed broadband / Wi-Fi and satellite communications with Centralized AI management IoT Connectivity Solutions: Designed to enhance network coverage and quality with reliable, multi-network support and a well-designed AI management platform. These solutions ensure instant, seamless, and localized connectivity for IoT applications worldwide. People-Centric Connectivity: With its advanced HyperConn® technology, uCloudlink delivers hyper-local yet global internet access, ensuring users stay connected with high-speed, reliable networks wherever they go, without the limitations of traditional roaming or carrier restrictions. Pet Connectivity: A revolutionary addition to the digital ecosystem, uCloudlink introduces the PetPhone, the world's first smartphone for pets that brings happiness, safety, health, tracking, and community engagement. The PetPhone allows pet owners to stay close to their furry companions like never before. These innovations reflect uCloudlink's mission to deliver "The Ideal Network of Life" through seamless, high-quality connectivity solutions. Exclusive Product Showcase PetPhone: Pets Deserve a Smartphone, Just Like You The PetPhone is the world's first smartphone for pets, enabling true two-way interaction between pets and their families. It features AI-powered live calls, allowing pets to initiate communication through specific actions, 6-tech global positioning for advanced safety, and AI health monitoring to track activity and well-being. Pet owners can also co-create a global community for further engagement. This groundbreaking device redefines the bond between pets and their owners. eSIM TRIO: A Revolutionary Leap in SIM Technology The eSIM TRIO combines OTA (Over-the-Air) SIM, eSIM, and CloudSIM technologies in one versatile solution. It ensures seamless global coverage by dynamically connecting to multiple networks, eliminating the need for costly international roaming, and providing users with reliable, high-speed connectivity across devices. MeowGo G50 Max: Seamless On-The-Go Connectivity Uplifting with Satellite Communication The MeowGo G50 Max is a next-generation mobile Wi-Fi hotspot powered by HyperConn™ technology. It offers seamless connectivity across broadband, Wi-Fi, 4G, 5G, and satellite networks. With AI-powered network detection and switching, it delivers a convenient and seamless connection experience through centralized management of multiple networks. CloudSIM Kit The CloudSIM Kit is a plug-and-play IoT solution delivering instant global full-speed 4G and 5G connectivity for IoT and smart devices. It requires no hardware modifications or software upgrades, making it a simple and effective solution for universal connectivity. Partnering for New Revenue Opportunities uCloudlink is committed to building a robust partner network with telecom and technology industry players. By leveraging uCloudlink's innovative technologies, telecom operators can enhance network service quality, expand coverage, and unlock new revenue streams. "We believe that partnerships are the key to driving innovation and growth in the telecom industry. Together, we can eliminate roaming costs, resolve network congestion, and create seamless connectivity for users globally. Let's build a smarter, safer, and more connected world" said Chaohui Chen, CEO of uCloudlink. uCloudlink warmly invites attendees to join the new product launch on Show Day 1 at 16:30 – 18:30 in the MWC Networking Hub @Hall 6. The company will also exhibit at Hall 6, Booth #6C73, where live demonstrations of all products will showcase how uCloudlink's innovations are revolutionizing connectivity for IoT, people, and pets. For more information, visit SOURCE UCLOUDLINK GROUP INC. Sign in to access your portfolio
