Business Outlook For the second quarter of 2024, UCLOUDLINK expects total revenues to be between US$22.0 million and US$24.0 million, representing an increase of 0.1% to 9.2% compared to the same period of 2023.
Ucloudlink Group (NASDAQ:UCL) reported quarterly sales of $18.128 million which beat the analyst consensus estimate of $17.900 million by 1.27 percent. This is a 0.68 percent increase over sales of $18.006 million the same period last year.
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HONG KONG, Aug. 14, 2024 (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 ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenues were US$22.4 million, representing an increase of 1.7% from US$22.0 million in the second quarter of 2023.Gross profit was US$11.0 million, representing an increase of 11.4% from US$9.9 million in the second quarter of 2023.Income from operations was US$2.3 million, compared to a loss from operations of US$0.9 million in the second quarter of 2023.Net income was U
HONG KONG, Aug. 07, 2024 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ:UCL), the world's first and leading mobile data traffic sharing marketplace, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2024 before U.S. markets open on Wednesday, August 14, 2024. Management will hold a conference call to discuss these results at 8:30 a.m. U.S. Eastern Time / 8:30 p.m. Beijing Time the same day. Listeners may access the call by dialing: International:+1-412-902-4272US (Toll Free):+1-888-346-8982UK (Toll Free)0-800-279-9489UK (Local Toll)0-207-544-1375Mainland China (Toll Free):400-120-1203Hong Kong
HONG KONG, May 15, 2024 (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 ended March 31, 2024. First Quarter 2024 Financial Highlights Total revenues were US$18.1 million, representing an increase of 0.7% from US$18.0 million in the first quarter of 2023.Gross profit was US$10.0 million, representing an increase of 16.3% from US$8.6 million in the first quarter of 2023.Income from operations was US$0.5 million, compared to US$2.1 million in the first quarter of 2023.Net income was US$0.4 million, compared to US$
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HONG KONG, Sept. 19, 2024 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. ("UCLOUDLINK" or the "Company") (NASDAQ:UCL), the world's first and leading mobile data traffic sharing marketplace, today announced that it will be presenting at the Emerging Growth Conference on Thursday, September 26, 2024. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, and Mr. Yimeng Shi, Chief Financial Officer, in real time. Mr. Shi will present a corporate overview followed by a question-and-answer session where both will be available to take questions. Please sub
NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies, has released update note on uCloudlink Group Inc. (NASDAQ:UCL). The update note includes information on uCloudlink Group Inc.'s financial results, management commentary, recent developments, outlook, risks, and our revised valuation estimates. The update note is available here. Highlights from the note include: Q2 Earnings and Revenues Exceed Expectations – uCloudlink reported its financial results for Q2 2024, with total revenues of $22.4 million, up 1.7% year over year, exceeding our estimate of $22.2 million.
HONG KONG, Aug. 14, 2024 (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 ended June 30, 2024. Second Quarter 2024 Financial Highlights Total revenues were US$22.4 million, representing an increase of 1.7% from US$22.0 million in the second quarter of 2023.Gross profit was US$11.0 million, representing an increase of 11.4% from US$9.9 million in the second quarter of 2023.Income from operations was US$2.3 million, compared to a loss from operations of US$0.9 million in the second quarter of 2023.Net income was U