- uCloudlink Group press release ( NASDAQ: UCL ): Q2 GAAP EPADS of -$0.22 misses by $0.21 .
- Revenue of $18.02M (-6.1% Y/Y) beats by $0.98M .
- Adjusted net loss was $1.5M, compared to an adjusted net loss of $6.1M in the second quarter of 2021.
- Adjusted EBITDA was negative $1.0M, compared to negative $5.5M in the second quarter of 2021.
- For the third quarter of 2022, UCLOUDLINK expects total revenues to be between US$18.0 million and US$19.0 million vs. consensus of $21.4M, representing a decrease of 1.6% to 6.7% compared to the same period of 2021.
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uCloudlink Group reports Q2 mixed earnings; sees Q3 revenue below estimates