UCL - uCloudlink Group GAAP EPS of $0.06 revenue of $18M

2023-05-18 04:09:45 ET

• uCloudlink Group press release ( NASDAQ: UCL ): Q1 GAAP EPS of $0.06.
• Revenue of $18M (+15.4% Y/Y).
• Gross profit was US$8.6 million, representing an increase of 47.4% from US$5.8 million in the first quarter of 2022.
• Income from operations was US$2.1 million, compared to a loss from operations of US$7.6 million in the first quarter of 2022.
• Net income was US$2.1 million, compared to a net loss of US$7.9 million in the first quarter of 2022.
• Adjusted net income (non-GAAP) was US$1.8 million, compared to an adjusted net loss of US$4.3 million in the first quarter of 2022.
• Adjusted EBITDA (non-GAAP) was US$2.1 million, compared to negative US$3.9 million in the first quarter of 2022.

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