HONG KONG, Nov. 11, 2026 (GLOBE NEWSWIRE) — UCLOUDLINK GROUP INC. (“UCLOUDLINK” o the “Compa y”) (NASDAQ: UCL), the wo ld’s fi st a d leadi g mobile data t affic sha i g ma ketplace, today a ou ced its u audited fi a cial esults fo the th ee mo ths e ded Septembe 30, 2026.
Total eve ues we e US$21.4 millio , ep ese ti g a i c ease of 1.1% f om US$21.1 millio i the thi d qua te of 2025.- Total eve ues ac oss diffe e t busi ess li es we e as follows:
- GlocalMe MeowGo busi ess: US$17.4 millio , ep ese ti g a dec ease of 9.9% f om US$19.2 millio i the thi d qua te of 2025.
- GlocalMe SIM busi ess: US$2.0 millio , ep ese ti g a i c ease of 40.3% f om US$1.4 millio i the thi d qua te of 2025.
- GlocalMe IoT busi ess: US$1.2 millio , ep ese ti g a i c ease of 496.5% f om US$0.2 millio i the thi d qua te of 2025.
- GlocalMe Life busi ess: US$0.5 millio , ep ese ti g a i c ease of 189.9% f om US$0.2 millio i the thi d qua te of 2025.
- PetPho e busi ess: US$0.3 millio , ep ese ti g a i c ease of 285.0% f om US$0.1 millio i the thi d qua te of 2025.
G oss p ofit was US$11.1 millio , ep ese ti g a dec ease of 2.1% f om US$11.3 millio i the thi d qua te of 2025.I come f om ope atio s was US$0.2 millio , compa ed to US$9.2 millio i the thi d qua te of 2025.Net loss was US$0.3 millio , compa ed to et i come of US$9.3 millio i the thi d qua te of 2025.Adjusted et loss ( o -GAAP) was US$0.6 millio , compa ed to adjusted et i come of US$0.7 millio i the thi d qua te of 2025.Adjusted EBITDA ( o -GAAP) was egative US$0.2 millio , compa ed to positive US$1.4 millio i the thi d qua te of 2025.
- Total data co sumed i the thi d qua te th ough the Compa y’s platfo m was 48,804 te abytes (7,223 te abytes p ocu ed by the Compa y a d 41,581 te abytes p ocu ed by ou busi ess pa t e s), ep ese ti g a dec ease of 0.5% f om 49,044 te abytes i the thi d qua te of 2025.
- Ave age daily active use s (“DAU”) i the thi d qua te we e 431,245, ep ese ti g a i c ease of 22.4% f om 352,227 i the thi d qua te of 2025.
- Ave age DAU i the thi d qua te f om GlocalMe IoT busi ess was 79,199, ep ese ti g a i c ease of 271.4% f om 21,322 i the thi d qua te of 2025.
- Ave age DAU i the thi d qua te f om GlocalMe SIM busi ess was 39,294, ep ese ti g a i c ease of 142.1% f om 16,231 i the thi d qua te of 2025.
- Ave age DAU i the thi d qua te f om GlocalMe Life busi ess was 17,913, ep ese ti g a i c ease of 844.3% f om 1,897 i the thi d qua te of 2025.
- Ave age DAU i the thi d qua te f om PetPho e busi ess was 2,557, ep ese ti g a i c ease of 572.9% f om 380 i the thi d qua te of 2025.
- Ave age DAU i the thi d qua te f om GlocalMe MeowGo busi ess was 292,282, ep ese ti g a dec ease of 6.4% f om 312,397 i the thi d qua te of 2025.
- Ave age mo thly active use s (“MAU”) i the thi d qua te we e 867,935, ep ese ti g a i c ease of 14.0% f om 761,586 i the thi d qua te of 2025.
- Ave age MAU i the thi d qua te f om GlocalMe IoT busi ess was 125,190, ep ese ti g a i c ease of 241.8% f om 36,622 i the thi d qua te of 2025.
- Ave age MAU i the thi d qua te f om GlocalMe SIM busi ess was 130,274, ep ese ti g a i c ease of 67.0% f om 77,992 i the thi d qua te of 2025.
- Ave age MAU i the thi d qua te f om GlocalMe Life busi ess was 33,252, ep ese ti g a i c ease of 627.6% f om 4,570 i the thi d qua te of 2025.
- Ave age MAU i the thi d qua te f om PetPho e busi ess was 3,197, ep ese ti g a i c ease of 499.8% f om 533 i the thi d qua te of 2025.
- Ave age MAU i the thi d qua te f om GlocalMe MeowGo busi ess was 576,022, ep ese ti g a dec ease of 10.3% f om 641,869 i the thi d qua te of 2025.
- As a p opo tio of daily active te mi als, 54.6% of daily active te mi als we e f om uCloudli k 1.0 i te atio al data co ectivity se vices a d 45.4% of daily active te mi als we e f om uCloudli k 2.0 local data co ectivity se vices du i g the thi d qua te of 2026. Ave age daily data usage pe te mi al was 1.37 GB i Septembe 2026.
- Ave age daily active te mi als (“DAT”) i the thi d qua te we e 373,034 (15,824 ow ed by the Compa y a d 357,210 ot ow ed by the Compa y), ep ese ti g a i c ease of 12.1% f om 332,674 i the thi d qua te of 2025.
- Ave age DAT i the thi d qua te f om GlocalMe IoT busi ess was 63,521, ep ese ti g a i c ease of 350.4% f om 14,104 i the thi d qua te of 2025.
- Ave age DAT i the thi d qua te f om GlocalMe SIM busi ess was 15,227, ep ese ti g a i c ease of 41.5% f om 10,758 i the thi d qua te of 2025.
- Ave age DAT i the thi d qua te f om GlocalMe Life busi ess was 16,957, ep ese ti g a i c ease of 1,083.3% f om 1,433 i the thi d qua te of 2025.
- Ave age DAT i the thi d qua te f om PetPho e busi ess was 523, ep ese ti g a i c ease of 388.8% f om 107 i the thi d qua te of 2025.
- Ave age DAT i the thi d qua te f om GlocalMe MeowGo busi ess was 276,806, ep ese ti g a dec ease of 9.6% f om 306,272 i the thi d qua te of 2025.
- Ave age mo thly active te mi als (“MAT”) i the thi d qua te we e 804,255, ep ese ti g a i c ease of 13.9% f om 706,284 i the thi d qua te of 2025.
- Ave age MAT i the thi d qua te f om GlocalMe IoT busi ess was 112,844, ep ese ti g a i c ease of 238.1% f om 33,373 i the thi d qua te of 2025.
- Ave age MAT i the thi d qua te f om GlocalMe SIM busi ess was 103,836, ep ese ti g a i c ease of 48.5% f om 69,920 i the thi d qua te of 2025.
- Ave age MAT i the thi d qua te f om GlocalMe Life busi ess was 32,067, ep ese ti g a i c ease of 789.8% f om 3,604 i the thi d qua te of 2025.
- Ave age MAT i the thi d qua te f om PetPho e busi ess was 1,058, ep ese ti g a i c ease of 253.8% f om 299 i the thi d qua te of 2025.
- Ave age MAT i the thi d qua te f om GlocalMe MeowGo busi ess was 554,450, ep ese ti g a dec ease of 7.5% f om 599,088 i the thi d qua te of 2025.
- As of Septembe 30, 2026, the Compa y had se ved 3,270 busi ess pa t e s i 65 cou t ies a d egio s. The Compa y had 217 pate ts with 184 app oved a d 33 pe di g app oval, while the pool of SIM ca ds was f om 396 MNOs globally as of Septembe 30, 2026.
M . Chaohui Che , Di ecto a d Chief Executive Office of UCLOUDLINK, comme ted, “As a ticipated, ou total eve ues egai ed positive g owth mome tum o a yea -ove -yea basis du i g the thi d qua te of 2026, la di g at the high e d of ou guida ce a ge. Despite mac o headwi ds, geopolitical te sio s, isi g memo y chip costs, a d exte ded compo e t lead times, ou esilie t busi ess model delive ed obust g owth ac oss ew busi ess li es. Impo ta tly, we ge e ated positive ope ati g cash i flow of US$1.0 millio fo the fi st time this yea , fu the st e gthe i g ou fi a cial fou datio .”
“We st o gly believe that ‘good co ectivity is the fou datio of a tificial i tellige ce (AI),’ especially whe eliable etwo ks a e c itical fo safety du i g tu bule t pe iods ma ked by atu al disaste s o co flict. D ive by this visio , we achieved key comme cial b eakth oughs ac oss ou busi ess du i g the thi d qua te .
I ou GlocalMe MeowGo busi ess, we capitalized o two st ategic oppo tu ities. The fi st was i ou p emium segme t, whe e ou MeowGo G50 Max with AI-powe ed Hype Co ® tech ology, the wo ld’s leadi g Sky-to-G ou d i teg ated mobile co ectivity hub, ge e ated bette -tha -expected sales, demo st ati g that dema d fo p emium solutio s emai s highly esilie t to mac oeco omic headwi ds. The seco d was i local co ectivity ma kets, whe e ou latest 4G/5G CPE solutio delive ed st o g sales g owth a d deepe ed ou pe et atio . Powe ed by the same AI-powe ed Hype Co ® tech ology, which p ovides i tellige t switchi g betwee fixed a d mobile etwo ks a d eal-time co gestio detectio , the solutio delive s highly eliable co ectivity fo home a d office e vi o me ts. It ei fo ces ou local b oadba d st ategy a d allows us to expa d beyo d o e-time ha dwa e sales i to ecu i g data co ectivity eve ue.
Ou GlocalMe IoT busi ess delive ed imp essive mome tum du i g the qua te , with eve ue su gi g 496.5% yea -ove -yea . This was d ive by accele ati g deployme t of ou i teg ated data co ectivity solutio s ac oss a g owi g i stalled base of sma t devices, pa ticula ly i secto s such as i -ca i fotai me t a d secu ity came as. As this i stalled base expa ds a d data usage i c eases, ecu i g data co ectivity eve ue is expected to scale. We emai well positio ed to captu e fu the dema d as sma t ha dwa e pa t e s apidly exte d thei i te atio al footp i t.
GlocalMe SIM/eSIM busi ess fo ms a othe key g owth e gi e, with ou OTA a d eSIM solutio s a ki g amo g the top 10 p oducts o majo Chi ese e-comme ce platfo ms fo key Asia-Pacific t avel outes. Fu the demo st ati g ou tech ological st e gth, the eSIM T io, co-developed with MNOs a d MVNOs, leve ages ou ha dwa e-based multi-IMSI capabilities to p ovide e ha ced secu ity a d cove age fo domestic a d ove seas use. GlocalMe Life busi ess achieved steady MAU g owth, with its key solutio , U iCo d P o, gai i g st o g mome tum.
Ou PetPho e/PetPogo ecosystem co ti ues to evolve its ‘AI-powe ed + Social’ model. U like si gle-fu ctio devices o the ma ket, PetPho e ope ates like a mobile pho e, e abli g ‘a ytime, a ywhe e’ two-way commu icatio betwee pets a d thei ow e s. We lau ched ou pet AI age t o the PetPogo app, a d ou ext-ge e atio PetCam, a AI-powe ed came a, is i the fi al stages of developme t a d is set to lau ch i the fou th qua te . Followi g seve al qua te s of sig ifica t ma keti g i vestme ts, PetPho e’s co sume value p opositio is ow mate ializi g a d is gai i g mea i gful ma ket t actio . We a e eceivi g highly positive feedback both at majo offli e eve ts, such as IFA 2026, a d f om use s a d i flue ce s ac oss leadi g global social media platfo ms. Ou dist ibutio is expa di g as well. I Eu ope, we have placed PetPho e i the etail etwo k of a egio al telecom ope ato , a d i Chi a we have bee added to the ce t alized p ocu eme t catalogs of th ee majo telecom ope ato s, which facilitates SIM issua ce a d helps build ou pa t e ecosystem.”
“Looki g ahead, ou focus will be o executi g ou st ategic p io ities to d ive sustai able g owth. We will co ti ue to i vest i R&D a d ma keti g to scale ou key busi ess li es, while mai tai i g discipli ed ope atio al ma ageme t to imp ove ope ati g leve age. The sha e epu chase p og am a ou ced i the thi d qua te eflects ma ageme t’s co fide ce i ou lo g-te m fu dame tals. We believe ou solid executio a d co ti ued i ovatio will positio us well to delive lo g-te m value to ou sha eholde s.”
Total eve ues we e US$21.4 millio , ep ese ti g a i c ease of 1.1% f om US$21.1 millio i the same pe iod of 2025.
Reve ues f om se vices we e US$16.0 millio , ep ese ti g a dec ease of 6.1% f om US$17.0 millio i the same pe iod of 2025. The dec ease was p ima ily due to a dec ease i eve ues f om i te atio al data co ectivity se vices.Reve ues f om data co ectivity se vices we e US$13.0 millio , ep ese ti g a dec ease of 4.8% f om US$13.6 millio i the same pe iod of 2025. The dec ease was p ima ily due to a dec ease i eve ues f om i te atio al data co ectivity se vices to US$10.4 millio i the thi d qua te of 2026 f om US$11.9 millio i the same pe iod of 2025, eflecti g softe outbou d t avel dema d f om Chi a amid mac oeco omic headwi ds a d geopolitical u ce tai ties, which was pa tially offset by a i c ease i eve ues f om local data co ectivity se vices to US$2.6 millio i the thi d qua te of 2026 f om US$1.7 millio i the same pe iod of 2025, which was p ima ily d ive by the expa sio of GlocalMe IoT busi ess.Reve ues f om PaaS a d SaaS se vices we e US$2.5 millio , ep ese ti g a dec ease of 14.6% f om US$3.0 millio i the same pe iod of 2025.
Reve ues f om sales of p oducts we e US$5.4 millio , ep ese ti g a i c ease of 30.8% f om US$4.1 millio i the same pe iod of 2025. The i c ease was p ima ily att ibutable to a i c ease of US$0.9 millio i sales of te mi als a d a i c ease of US$0.4 millio i sales of othe p oducts.Geog aphic Dist ibutio Du i g the thi d qua te of 2026, as a pe ce tage of ou total eve ues, mai la d Chi a co t ibuted 33.7%, Japa co t ibuted 32.1%, No th Ame ica co t ibuted 12.3%, a d othe cou t ies a d egio s co t ibuted the emai i g 21.9%, compa ed to 35.1%, 33.2%, 15.4% a d 16.3%, espectively, i the same pe iod of 2025.
Cost of eve ues was US$10.3 millio , ep ese ti g a i c ease of 4.8% f om US$9.8 millio i the same pe iod of 2025. The i c ease was p ima ily due to a i c ease of US$1.5 millio i cost of p oducts sold, which was pa tially offset by a dec ease of US$1.0 millio i cost of se vices.
Cost of se vices was US$6.4 millio , ep ese ti g a dec ease of 14.1% f om US$7.4 millio i the same pe iod of 2025, which was i li e with the dec ease of eve ues f om se vices.Cost of p oducts sold was US$3.9 millio , ep ese ti g a i c ease of 62.4% f om US$2.4 millio i the same pe iod of 2025. The i c ease was p ima ily att ibutable to p oduct mix a d highe compo e t costs, pa ticula ly memo y chips.
Ove all g oss p ofit was US$11.1 millio , compa ed to US$11.3 millio i the same pe iod of 2025. Ove all g oss ma gi was 51.8% i the thi d qua te of 2026, compa ed to 53.6% i the same pe iod of 2025.
G oss p ofit o se vices was US$9.6 millio , compa ed to US$9.6 millio i the same pe iod of 2025. G oss ma gi o se vices was 60.3% i the thi d qua te of 2026, compa ed to 56.6% i the same pe iod of 2025.
G oss p ofit o sales of p oducts was US$1.5 millio , compa ed to US$1.7 millio i the same pe iod of 2025. G oss ma gi o sales of p oducts was 26.8% i the thi d qua te of 2026, compa ed to 41.0% i the same pe iod of 2025.
Total ope ati g expe ses we e US$11.6 millio , compa ed to US$11.2 millio i the same pe iod of 2025.
Resea ch a d developme t expe ses we e US$1.9 millio , ep ese ti g a i c ease of 26.9% f om US$1.5 millio i the same pe iod of 2025, p ima ily due to a i c ease of US$0.4 millio i staff costs.Sales a d ma keti g expe ses we e US$7.0 millio , ep ese ti g a i c ease of 4.8% f om US$6.7 millio i the same pe iod of 2025, p ima ily due to a i c ease of US$0.6 millio i p omotio fees, which was pa tially offset by a dec ease of US$0.4 millio i se vice fees.Ge e al a d admi ist ative expe ses we e US$2.7 millio , ep ese ti g a dec ease of 10.8% f om US$3.0 millio i the same pe iod of 2025, p ima ily att ibutable to a dec ease of US$0.2 millio i staff costs, a d a dec ease of US$0.1 millio i sha e-based compe satio expe ses.
I come f om ope atio s was US$0.2 millio , compa ed to US$9.2 millio i the same pe iod of 2025, which eflected a US$8.7 millio fai value gai ecog ized o othe i vestme ts.
Net i te est expe ses we e US$0.1 millio , compa ed to US$0.01 millio i the same pe iod of 2025.
Net loss was US$0.3 millio , compa ed to et i come of US$9.3 millio i the same pe iod of 2025.
Adjusted et loss, which excludes the impact of sha e-based compe satio , fai value gai /loss i othe i vestme ts a d sha e of p ofit/loss i equity method i vestme t, et of tax, was US$0.6 millio , compa ed to adjusted et i come of US$0.7 millio i the same pe iod of 2025.
Adjusted EBITDA, which excludes the impact of sha e-based compe satio , fai value gai /loss i othe i vestme ts, sha e of p ofit/loss i equity method i vestme t, et of tax, i te est expe ses, i come tax expe ses, a d dep eciatio a d amo tizatio , was egative US$0.2 millio , compa ed to positive US$1.4 millio i the same pe iod of 2025.
Basic a d diluted loss pe ADS att ibutable to o di a y sha eholde s we e US$0.01 i the thi d qua te of 2026, compa ed to basic a d diluted ea i gs pe ADS of US$0.24 i the same pe iod of 2025.
As of Septembe 30, 2026, the Compa y had cash a d cash equivale ts of US$26.5 millio , compa ed to US$25.2 millio as of Ju e 30, 2026. The i c ease was p ima ily att ibutable to US$1.7 millio i p oceeds f om the sale of ou e ti e equity i te est i Beiji g Huaxia glia xi Tech ology Compa y, the et i flow of US$1.0 millio f om ope atio s, a d et p oceeds of US$1.5 millio f om ba k bo owi gs, which we e pa tially offset by a epayme t of US$3.0 millio i ba k bo owi gs.
CAPEX was US$0.1 millio , compa ed to US$0.5 millio i the same pe iod of 2025.
Fo the fou th qua te of 2026, UCLOUDLINK expects total eve ues to be betwee US$22.5 millio a d US$25.5 millio , ep ese ti g a i c ease of 1.8% to 15.4% compa ed to the same pe iod of 2025.
The Compa y cu e tly expects total eve ues fo the full yea of 2026 to be i the a ge of US$79.0 millio to US$ 82.0 millio , a owi g the p eviously a ou ced a ge of US$75.0 millio to US$85.0 millio .
The estimates above co stitute fo wa d-looki g i fo matio a d a e based o the Compa y’s cu e t expectatio s a d assumptio s of ma ket a d ope ati g co ditio s a d custome dema d. These estimates a e the efo e subject to isks a d u ce tai ties, i cludi g possible adjustme ts to p elimi a y fi a cial esults, a d a e ot gua a tees of futu e pe fo ma ce a d may diffe mate ially f om actual esults.
To suppleme t the fi a cial measu es p epa ed i acco da ce with ge e ally accepted accou ti g p i ciples i the U ited States, o GAAP, this p ess elease p ese ts, adjusted et i come/(loss) a d adjusted EBITDA, as suppleme tal measu es to eview a d assess the Compa y’s ope ati g pe fo ma ce. The p ese tatio of these o -GAAP fi a cial measu es is ot i te ded to be co side ed i isolatio o as a substitute fo the fi a cial i fo matio p epa ed a d p ese ted i acco da ce with U.S. GAAP. Adjusted et i come/(loss) is defi ed as et i come/(loss) excludi g sha e-based compe satio , fai value gai /loss i othe i vestme ts a d sha e of p ofit/loss i equity method i vestme t, et of tax. Adjusted EBITDA is defi ed as et i come/(loss) excludi g sha e-based compe satio , fai value gai /loss i othe i vestme ts, sha e of p ofit/loss i equity method i vestme t, et of tax, i te est expe se, i come tax expe ses a d dep eciatio a d amo tizatio .
The Compa y believes that adjusted et i come/(loss) a d adjusted EBITDA help ide tify u de lyi g t e ds i its busi ess that could othe wise be disto ted by the effect of ce tai expe ses that a e i cluded i i come/(loss) f om ope atio s a d et i come/(loss). The Compa y believes that adjusted et i come/(loss) a d adjusted EBITDA p ovide useful i fo matio about its ope ati g esults, e ha ce the ove all u de sta di g of its past pe fo ma ce a d futu e p ospects a d allow fo g eate visibility with espect to key met ics used by its ma ageme t i its fi a cial a d ope atio al decisio -maki g.
The o -GAAP fi a cial measu es a e ot defi ed u de U.S. GAAP a d a e ot p ese ted i acco da ce with U.S. GAAP. The o – GAAP fi a cial measu es have limitatio s as a alytical tools. O e of the key limitatio s of usi g adjusted et i come/(loss) a d adjusted EBITDA is that they do ot eflect all items of i come a d expe se that affect the Compa y’s ope atio s. Sha e-based compe satio , fai value gai /loss i othe i vestme ts a d sha e of p ofit/loss i equity method i vestme t, et of tax, have bee a d may co ti ue to be i cu ed i the Compa y’s busi ess a d is ot eflected i the p ese tatio of adjusted et i come/(loss). Fu the , the o -GAAP fi a cial measu es may diffe f om the o -GAAP i fo matio used by othe compa ies, i cludi g pee compa ies, a d the efo e thei compa ability may be limited.
The Compa y compe sates fo these limitatio s by eco cili g the o -GAAP fi a cial measu es to the ea est U.S. GAAP pe fo ma ce measu es, all of which should be co side ed whe evaluati g its pe fo ma ce. The Compa y e cou ages i vesto s a d othe s to eview its fi a cial i fo matio i its e ti ety a d ot ely o a si gle fi a cial measu e.
Reco ciliatio of each of these o -GAAP fi a cial measu es to the most di ectly compa able GAAP fi a cial measu e is set fo th at the e d of this elease.
The Compa y will host a co fe e ce call to discuss its fi a cial esults at 8:30 a.m. U.S. Easte Time o Wed esday, Novembe 11, 2026 (9:30 p.m. Ho g Ko g Time o the same day).
Liste e s may access the call by diali g:
| I te atio al: | +61-7-3145-4010 | US/Ca ada (Toll F ee): | 1-855-881-1339 | UK (Toll F ee): | 0-800-051-8245 | Mai la d Chi a (Toll F ee): | 4001-200-659 | Ho g Ko g (Toll F ee): | 800-966-806 | Si gapo e (Toll F ee): | 800-101-2785 |
Pa ticipa ts should dial i at least 10 mi utes befo e the scheduled sta t time a d ask to be co ected to the call fo “UCLOUDLINK GROUP INC.”
Additio ally, a live a d a chived webcast of the co fe e ce call will be available at https://i .ucloudli k.com.
A telepho e eplay will be available o e hou afte the e d of the co fe e ce u til Novembe 18, 2026 by diali g:
| US/Ca ada (Toll F ee): | 1-855-883-1031 | I te atio al: | +61-7-3107-6325 | Replay Passcode: | 10058236 |
UCLOUDLINK is the wo ld’s fi st a d leadi g mobile data t affic sha i g ma ketplace, pio ee i g the sha i g eco omy busi ess model fo the telecommu icatio s i dust y. The Compa y’s p oducts a d se vices delive u ique value p opositio s to mobile data use s, ha dset a d sma t-ha dwa e compa ies, mobile vi tual etwo k ope ato s (MVNOs) a d mobile etwo k ope ato s (MNOs). Leve agi g its i ovative cloud SIM tech ology a d a chitectu e, the Compa y has edefi ed the mobile data co ectivity expe ie ce by allowi g use s to gai access to mobile data t affic allowa ce sha ed by etwo k ope ato s o its ma ketplace, while p ovidi g eliable co ectivity, high speeds a d competitive p ici g.
This a ou ceme t co tai s fo wa d-looki g stateme ts. These stateme ts a e made u de the “safe ha bo ” p ovisio s of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. These fo wa d-looki g stateme ts ca be ide tified by te mi ology such as “will,” “expects,” “a ticipates,” “futu e,” “i te ds,” “pla s,” “believes,” “estimates,” “co fide t” a d simila stateme ts. Amo g othe thi gs, the fi a cial guida ce a d quotatio s f om ma ageme t i this a ou ceme t, as well as UCLOUDLINK’s st ategic a d ope atio al pla s, co tai fo wa d-looki g stateme ts. UCLOUDLINK may also make w itte o o al fo wa d-looki g stateme ts i its pe iodic epo ts to the U.S. Secu ities a d Excha ge Commissio , i its a ual epo t to sha eholde s, i p ess eleases a d othe w itte mate ials a d i o al stateme ts made by its office s, di ecto s o employees to thi d pa ties. Stateme ts that a e ot histo ical facts, i cludi g but ot limited to stateme ts about UCLOUDLINK’s beliefs a d expectatio s, a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts i volve i he e t isks a d u ce tai ties. A umbe of facto s could cause actual esults to diffe mate ially f om those co tai ed i a y fo wa d-looki g stateme t, i cludi g but ot limited to the followi g: UCLOUDLINK’s st ategies; UCLOUDLINK’s futu e busi ess developme t, fi a cial co ditio a d esults of ope atio s; UCLOUDLINK’s ability to i c ease its use base a d usage of its mobile data co ectivity se vices, a d imp ove ope atio al efficie cy; competitio i the global mobile data co ectivity se vice i dust y; cha ges i UCLOUDLINK’s eve ues, costs o expe ditu es; gove me tal policies a d egulatio s elati g to the global mobile data co ectivity se vice i dust y, ge e al eco omic a d busi ess co ditio s globally a d i Chi a; a d assumptio s u de lyi g o elated to a y of the fo egoi g. Fu the i fo matio ega di g these a d othe isks is i cluded i the Compa y’s fili gs with the Secu ities a d Excha ge Commissio . All i fo matio p ovided i this p ess elease a d i the attachme ts is as of the date of the p ess elease, a d UCLOUDLINK u de takes o duty to update such i fo matio , except as equi ed u de applicable law.
| UCLOUDLINK GROUP INC. | Liam Xie | Tel: +852-2180-6111 | E-mail:i @ucloudli k.com | I vesto Relatio s: | Ch iste se Adviso y | Ch istia A ell, Ma agi g Di ecto | Tel: +852-2117-0861 | E-mail:ucloudli k@ch iste se comms.com |
| Cash a d cash equivale ts | 32,831 | 26,486 | Accou ts eceivable, et | 4,436 | 6,634 | I ve to ies | 4,378 | 3,293 | P epayme ts a d othe cu e t assets | 4,574 | 5,188 | Othe i vestme ts | 13,346 | 12,968 | Amou ts due f om elated pa ties | 1,697 | 91 | P epayme ts | 43 | 63 | Lo g-te m i vestme ts | 2,044 | – | P ope ty a d equipme t, et | 2,224 | 1,078 | Right-of-use assets, et | 1,745 | 2,695 | I ta gible assets, et | 511 | 437 | Sho t te m bo owi gs | 5,549 | 8,080 | Cu e t po tio of lo g-te m ba k bo owi gs | 68 | 1,693 | Acc ued expe ses a d othe liabilities | 19,343 | 16,727 | Accou ts payable | 7,193 | 3,941 | Co t act liabilities | 3,425 | 3,041 | Ope ati g lease liabilities | 1,189 | 1,163 | Lo g te m bo owi gs | 1,622 | – | Ope ati g lease liabilities | 574 | 1,470 | Othe o -cu e t liabilities | 58 | 28 | Class A o di a y sha es | 13 | 13 | Class B o di a y sha es | 6 | 6 | Additio al paid-i capital | 242,421 | 242,855 | Accumulated othe comp ehe sive i come | 2,075 | 2,444 | Accumulated losses | (215,707 | ) | (222,528 | ) |
| Reve ues f om se vices | 17,046 | 16,008 | 45,874 | 42,596 | Sales of p oducts | 4,108 | 5,374 | 13,405 | 13,879 | Cost of se vices | (7,404 | ) | (6,363 | ) | (19,821 | ) | (17,855 | ) | Cost of p oducts sold | (2,422 | ) | (3,933 | ) | (8,211 | ) | (10,100 | ) | Resea ch a d developme t expe ses | (1,478 | ) | (1,875 | ) | (4,443 | ) | (5,535 | ) | Sales a d ma keti g expe ses | (6,692 | ) | (7,012 | ) | (17,888 | ) | (20,050 | ) | Ge e al a d admi ist ative expe ses | (3,038 | ) | (2,710 | ) | (9,541 | ) | (8,584 | ) | Othe i come/(expe se), et | 9,123 | 690 | 10,204 | (535 | ) | I te est i come | 11 | 4 | 47 | 10 | I te est expe ses | (21 | ) | (79 | ) | (137 | ) | (216 | ) | I come tax c edit/(expe se) | 72 | (13 | ) | (110 | ) | 8 | Sha e of p ofit/(loss) i equity method i vestme t, et of tax | 1 | (435 | ) | (9 | ) | (439 | ) | Equity holde s of the Compa y | 9,306 | (344 | ) | 9,370 | (6,821 | ) | Ea i gs/(loss) pe sha e fo Class A a d Class B o di a y sha es | Basic | 0.02 | (0.00 | ) | 0.02 | (0.02 | ) | Diluted | 0.02 | (0.00 | ) | 0.02 | (0.02 | ) | Ea i gs/(loss) pe ADS (10 Class A sha es equal to 1 ADS) | Basic | 0.24 | (0.01 | ) | 0.25 | (0.18 | ) | Diluted | 0.24 | (0.01 | ) | 0.25 | (0.18 | ) | Sha es used i ea i gs/(loss) pe Class A a d Class B o di a y sha e computatio : | Basic | 380,145,622 | 384,234,571 | 377,864,149 | 382,336,717 | Diluted | 380,145,622 | 384,234,571 | 377,864,149 | 382,336,717 | Fo eig cu e cy t a slatio adjustme t | (195 | ) | 56 | (137 | ) | 369 |
| Net cash (used i )/ge e ated f om ope ati g activities | (898 | ) | 1,005 | (1,539 | ) | (10,704 | ) | Net cash (used i )/ge e ated f om i vesti g activities | (536 | ) | 1,589 | (1,036 | ) | 1,600 | Net cash (used i )/ge e ated f om fi a ci g activities | (298 | ) | (1,520 | ) | 678 | 2,109 | (Dec ease)/i c ease i cash a d cash equivale ts | (1,732 | ) | 1,074 | (1,897 | ) | (6,995 | ) | Cash a d cash equivale ts at begi i g of the pe iod | 30,204 | 25,196 | 30,057 | 32,831 | Effect of excha ge ates o cash a d cash equivale ts | 44 | 216 | 356 | 650 |
| Add: sha e-based compe satio | 168 | 70 | 877 | 434 | fai value (gai )/loss i othe i vestme ts | (8,730 | ) | (779 | ) | (8,580 | ) | 378 | Less: sha e of (p ofit)/loss i equity method i vestme t, et of tax | (1 | ) | 435 | 9 | 439 |
| Add: | I te est expe se | 21 | 79 | 137 | 216 | I come tax (c edit)/expe se | (72 | ) | 13 | 110 | (8 | ) | Dep eciatio a d amo tizatio | 662 | 336 | 2,173 | 1,411 | EBITDA | 9,917 | 84 | 11,790 | (5,202 | ) | Add: sha e-based compe satio | 168 | 70 | 877 | 434 | fai value (gai )/loss i othe i vestme ts | (8,730 | ) | (779 | ) | (8,580 | ) | 378 | Less: sha e of (p ofit)/loss i equity method i vestme t, et of tax | (1 | ) | 435 | 9 | 439 |
