uCloudlink Group Q1 2024 Earnings Report

uCloudlink Group EPS Results

• Actual EPS: $0.01
• Consensus EPS: -$0.01
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: N/A

uCloudlink Group Revenue Results

• Actual Revenue: $18.13 million
• Expected Revenue: $17.90 million
• Beat/Miss: Beat by +$230.00 thousand
• YoY Revenue Growth: N/A

uCloudlink Group Announcement Details

• Quarter: Q1 2024
• Date: 5/15/2024
• Time: N/A

uCloudlink Group (NASDAQ:UCL) operates as a mobile data traffic sharing marketplace in the telecommunications industry. The company provides uCloudlink 1.0, a model that focuses on cross-border travelers that need mobile data connectivity services in various countries; and operates portable Wi-Fi services under the Roamingman name in China and Malaysia, which provides global mobile data connectivity services, as well as offers GlocalMe portable Wi-Fi terminals and cloud SIM architecture for mobile virtual network operators, mobile network operators (MNOs), and portable Wi-Fi terminal rental companies. It also offers uCloudlink 2.0, a model that provides mobile data connectivity services to local users through various MNOs; GlocalMe Inside, an implementation solution for smartphones and other smart hardware products, which enables them to access its cloud SIM architecture and SIM card pool; and GlocalMe, a world phone series. In addition, the company provides IoT modules with GlocalMe Inside implementation to meet the demand for mobile data from various terminals, as well as provides integrated network solutions to its customers; SIM cards with prepaid data packages; and value-added services, such as advertisement. Further, it's platform-as-a-service/software-as-a-service offers modules, such as customer relationship management, operations and business support system, and SIM card enterprise resource planning and management. uCloudlink Group Inc. was incorporated in 2014 and is headquartered in Tsim Sha Tsui, Hong Kong.