Press-Releases

Aurora Mobile Limited Announces Fourth Quarter and Fiscal


SHENZHEN, China, March 12, 2024 (GLOBE NEWSWIRE) — Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “We have seen a great Q4 results driven by growth in top-lines and improvement in operational efficiency.

Firstly, in Q4 of 2023 we have recorded, for the first time in history, consecutive quarters of positive adjusted EBITDA. Secondly, our total revenue grew every single quarter in 2023. Similarly, Developer Subscription revenues also recorded sequential revenue growth in all quarters of 2023. Fourthly, our gross profits also grew in every quarter of 2023. Last but not least, our overseas messaging service platform, EngageLab, continued to expand globally and record great results this quarter.

For our total group revenues, we achieved positive growth of 5% quarter-over-quarter driven mainly by the growth in Developer Services revenues. Subscription Services revenues were RMB48.8 million, up 5% both year-over-year and quarter-over-quarter. This was mainly driven by increases in both ARPU and customer numbers year-over-year and quarter-over-quarter. Within the year 2023, the Subscription Services revenues grew sequentially in all 4 quarters mainly due to the steady increase in ARPU throughout the year. Value-added services revenues were RMB6.8 million, decreased by 60% year-over-year, which was due to reduced demands, but increased by 38% quarter-over-quarter. Vertical applications had a tough quarter where revenue recorded single-digit decline both year-over-year and quarter-over-quarter.

EngageLab business continued to see great growth between the quarters where global customer number grew by more than 70% and cumulative contract value grew by more than 50%. We are very pleased with the growth trajectory and looking forward to more growth going forward.”

Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “Through our tight expense control, operating expenses have decreased by 36% year-over-year in Q4 of 2023. More importantly, on an annual basis, we managed to reduce our operating expenses by RMB108.0 million, putting us in a great position to achieve better results going forward.

Our AR turnover days quarter-over-quarter improved by a 2 days reduction to 38 days in this quarter. Total Deferred Revenue, which represents cash collected in advance from customers for future contract performance, continued to be at high balance of RMB141.5 million. This is the 8th consecutive quarter where our deferred revenue balance has exceeded RMB130 million. In this quarter, we achieved net operating cash inflow of RMB11.4 million.”

Fourth Quarter 2023 Financial Highlights

  • Revenues were RMB77.4 million (US$10.9 million), a decrease of 11% year-over-year.
  • Cost of revenues was RMB24.1 million (US$3.4 million), a decrease of 11% year-over-year.
  • Gross profit was RMB53.3 million (US$7.5 million), a decrease of 11% year-over-year.
  • Total operating expenses were RMB61.2 million (US$8.6 million), a decrease of 36% year-over-year.
  • Net loss was RMB17.9 million (US$2.5 million), compared with a net loss of RMB31.8 million for the same quarter last year.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB17.9 million (US$2.5 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB32.7 million for the same quarter last year.
  • Adjusted net loss (non-GAAP) was RMB1.8 million (US$0.3 million), compared with a RMB6.6 million adjusted net loss for the same quarter last year.
  • Adjusted EBITDA (non-GAAP) was at positive RMB0.1 million (US$21 thousand), compared with a positive RMB0.6 million for the same quarter last year.

Fourth Quarter 2023 Financial Results

Revenues were RMB77.4 million (US$10.9 million), a decrease of 11% from RMB86.9 million in the same quarter of last year, attributable to a 12% decrease in revenue from Developer Services (mainly due to weakness in Value-Added Service revenue) and a 8% decrease in revenue from Vertical Applications.

Cost of revenues was RMB24.1 million (US$3.4 million), a decrease of 11% from RMB27.1 million in the same quarter of last year. The decrease was mainly due to a RMB7.5 million decrease in media cost, and offset by a RMB1.6 million increase in short messaging cost and a RMB2.2 million increase in technical service fee.

Gross profit was RMB53.3 million (US$7.5 million), a decrease of 11% from RMB59.8 million in the same quarter of last year.

Total operating expenses were RMB61.2 million (US$8.6 million), a decrease of 36% from RMB95.4 million in the same quarter of last year.

  • Research and development expenses were RMB27.1 million (US$3.8 million), a decrease of 23% from RMB35.0 million in the same quarter of last year, mainly due to a RMB2.4 million decrease in personnel costs, a RMB5.0 million decrease in bandwidth cost, and a RMB4.6 million decrease in depreciation expense. The impact is partially offset by a RMB5.1 million increase in cloud cost.
  • Sales and marketing expenses were RMB22.1 million (US$3.1 million), a decrease of 10% from RMB24.5 million in the same quarter of last year, mainly due to a RMB3.0 million decrease in personnel costs.
  • General and administrative expenses were RMB12.1 million (US$1.7 million), a decrease of 66% from RMB35.9 million in the same quarter of last year, mainly due to a RMB22.4 million decrease in long-lived assets impairment.

Loss from operations was RMB7.9 million (US$1.1 million), compared with RMB35.6 million in the same quarter of last year.

Net Loss was RMB17.9 million (US$2.5 million), compared with RMB31.8 million in the same quarter of last year.

Adjusted net loss (non-GAAP) was RMB1.8 million (US$0.3 million), compared with RMB6.6 million in the same quarter of last year.

Adjusted EBITDA (non-GAAP) was at positive RMB0.1 million (US$21 thousand) compared with a positive RMB0.6 million for the same quarter of last year.

The cash and cash equivalents and restricted cash were RMB115.0 million (US$16.2 million) as of December 31, 2023 compared with RMB116.3 million as of December 31, 2022.

Fiscal year 2023 Financial Highlights

  • Revenues were RMB290.2 million (US$40.9 million), a decrease of 12% year-over-year.
  • Cost of revenues was RMB90.9 million (US$12.8 million), a decrease of 12% year-over-year.
  • Gross profit was RMB199.3 million (US$28.1 million), a decrease of 12% year-over-year.
  • Total operating expenses were RMB250.2 million (US$35.2 million), a decrease of 30% year-over-year.
  • Net loss was RMB63.9 million (US$9.0 million), compared with a net loss of RMB108.5 million in 2022.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB62.7 million (US$8.8 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB107.0 million in 2022.
  • Adjusted net loss (non-GAAP) was RMB20.1 million (US$2.8 million), compared with a RMB56.5 million adjusted net loss in 2022.
  • Adjusted EBITDA (non-GAAP) was at negative RMB7.4 million (US$1.1 million), compared with a negative RMB23.0 million in 2022.

Fiscal year 2023 Financial Results

Revenues were RMB290.2 million (US$40.9 million), a decrease of 12% from RMB328.8 million in 2022, attributable to a 13% decrease in revenue from Developer Services (mainly due to weakness in Value-Added Service revenue) and a 9% decrease in revenue from Vertical Applications.

Cost of revenues was RMB90.9 million (US$12.8 million), a decrease of 12% from RMB103.1 million in 2022. The decrease was mainly due to a RMB30.7 million decrease in media cost, and offset by a RMB5.9 million increase in short message cost, a RMB8.7 million increase in technical service fee and a RMB2.5 million increase in cloud cost.

Gross profit was RMB199.3 million (US$28.1 million), a decrease of 12% from RMB225.8 million in 2022.

Total operating expenses were RMB250.2 million (US$35.2 million), a decrease of 30% from RMB358.2 million in last year.

  • Research and development expenses were RMB121.8 million (US$17.2 million), a decrease of 21% from RMB154.5 million in last year, mainly due to a RMB12.8 million decrease in personnel costs, a RMB12.0 million decrease in bandwidth cost, and a RMB17.0 million decrease in depreciation expense. The impact is partially offset by a RMB11.3 million increase in cloud cost.
  • Sales and marketing expenses were RMB82.7 million (US$11.6 million), a decrease of 16% from RMB98.3 million in last year, mainly due to a RMB17.0 million decrease in personnel costs.
  • General and administrative expenses were RMB45.7 million (US$6.4 million), a decrease of 57% from RMB105.4 million in last year, mainly due to a RMB22.4 million decrease in long-lived assets impairment, a RMB13.0 million decrease in personnel costs, a RMB8.8 million decrease in professional fee, and a one-time RMB7.6 million gain on disposal of property and equipment.

Loss from operations was RMB50.9 million (US$7.2 million), compared with RMB132.4 million in 2022.

Net Loss was RMB63.9 million (US$9.0 million), compared with RMB108.5 million in 2022.

Adjusted net loss (non-GAAP) was RMB20.1 million (US$2.8 million), compared with RMB56.5 million in 2022.

Adjusted EBITDA (non-GAAP) was at negative RMB7.4 million (US$1.1 million) compared with a negative RMB23.0 million in 2022.

Update on Share Repurchase

As of December 31, 2023, the Company had repurchased a total of 187,691 ADS, of which 53,425 ADSs, or around US$121.2 thousand were repurchased during the fourth quarter in 2023. ADS refers to American Depositary Shares, each 3 ADS representing 40 Class A common shares.

The Company’s board of directors has extended its previous share repurchase program and also approved a new program under which the Company may repurchase up to US$5 million of its shares until December 31, 2024. The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size. The Company plans to fund repurchases from its existing cash balance.

Conference Call

The Company will host an earnings conference call on Tuesday, March 12, 2024 at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Beijing time on the same day).

All participants must register in advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.

Participant Online Registration: https://register.vevent.com/register/BId10de20d3a844f879ebd944ed635ee57

A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobile’s website at https://ir.jiguang.cn/.

Use of Non-GAAP Financial Measures

In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net loss and adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net loss as net loss excluding share-based compensation, reduction in force charges, share of loss from equity method investment, impairment of long-lived assets, impairment of long-term investments and change in fair value of foreign currency swap contract. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, amortization of land use right, income tax expenses/(benefits), share-based compensation, reduction in force charges, share of loss from equity method investment, impairment of long-lived assets, impairment of long-term investments and change in fair value of foreign currency swap contract.

The Company believes that adjusted net loss and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that it includes in loss from operations and net loss.

The Company believes that adjusted net loss and adjusted EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net loss and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

Reconciliations of the non-GAAP financial measures to the most comparable U.S. GAAP measure are included at the end of this press release.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

For more information, please visit https://ir.jiguang.cn/.

For investor and media inquiries, please contact: 
Aurora Mobile Limited 
ir@jiguang.cn

Christensen 
In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com 

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.com 

Footnote:

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.0999 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 29, 2023.

 
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data)
                             
    Three months ended   Twelve months ended
    December 31,
2022
  September 30,
2023
  December 31,
2023
  December 31,
2022
  December 31,
2023
    RMB   RMB   RMB   US$   RMB   RMB   US$
                             
Revenues   86,914     74,058     77,410     10,903     328,822     290,232     40,878  
Cost of revenues   (27,118 )   (21,756 )   (24,129 )   (3,398 )   (103,057 )   (90,946 )   (12,809 )
Gross profit   59,796     52,302     53,281     7,505     225,765     199,286     28,069  
Operating expenses                            
Research and development   (35,009 )   (32,797 )   (27,085 )   (3,815 )   (154,476 )   (121,806 )   (17,156 )
Sales and marketing   (24,480 )   (21,750 )   (22,056 )   (3,107 )   (98,324 )   (82,705 )   (11,649 )
General and administrative(1)   (35,893 )   (5,436 )   (12,071 )   (1,700 )   (105,404 )   (45,653 )   (6,430 )
Total operating expenses   (95,382 )   (59,983 )   (61,212 )   (8,622 )   (358,204 )   (250,164 )   (35,235 )
Loss from operations   (35,586 )   (7,681 )   (7,931 )   (1,117 )   (132,439 )   (50,878 )   (7,166 )
Foreign exchange gain/(loss), net   847     26     49     7     (2,866 )   (18 )   (3 )
Interest income   406     269     247     35     2,321     1,200     169  
Interest expenses   (321 )   (209 )   (158 )   (22 )   (3,136 )   (808 )   (114 )
Share of loss from equity method investment           (450 )   (63 )       (450 )   (63 )
Other income/ (expenses)   2,308     411     (9,843 )   (1,386 )   26,318     (13,630 )   (1,920 )
Change in fair value of structured deposits   7     11     6     1     59     30     4  
Change in fair value of foreign currency swap contract   74                 838          
Loss before income taxes   (32,265 )   (7,173 )   (18,080 )   (2,545 )   (108,905 )   (64,554 )   (9,093 )
Income tax benefits   480     177     136     19     455     642     90  
Net loss   (31,785 )   (6,996 )   (17,944 )   (2,526 )   (108,450 )   (63,912 )   (9,003 )
Less: net income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests   871     (225 )   (48 )   (7 )   (1,486 )   (1,163 )   (164 )
Net loss attributable to Aurora Mobile Limited’s shareholders   (32,656 )   (6,771 )   (17,896 )   (2,519 )   (106,964 )   (62,749 )   (8,839 )
Net loss attributable to common shareholders   (32,656 )   (6,771 )   (17,896 )   (2,519 )   (106,964 )   (62,749 )   (8,839 )
Net loss per share, for Class A and Class B common shares:                            
Class A and B Common Shares – basic and diluted   (0.41 )   (0.08 )   (0.23 )   (0.03 )   (1.35 )   (0.79 )   (0.11 )
Shares used in net loss per share computation:                            
Class A Common Shares – basic and diluted   62,674,291     62,731,319     62,310,910     62,310,910     62,296,172     62,686,822     62,686,822  
Class B Common Shares – basic and diluted   17,000,189     17,000,189     17,000,189     17,000,189     17,000,189     17,000,189     17,000,189  
Other comprehensive (loss)/income                            
Foreign currency translation adjustments   (1,447 )   (343 )   (721 )   (102 )   5,853     919     129  
Total other comprehensive (loss)/income, net of tax   (1,447 )   (343 )   (721 )   (102 )   5,853     919     129  
Total comprehensive loss   (33,232 )   (7,339 )   (18,665 )   (2,628 )   (102,597 )   (62,993 )   (8,874 )
Less: comprehensive income/(loss) attributable to noncontrolling interests and redeemable noncontrolling interests   871     (225 )   (48 )   (7 )   (1,486 )   (1,163 )   (164 )
Comprehensive loss attributable to Aurora Mobile Limited’s shareholders   (34,103 )   (7,114 )   (18,617 )   (2,621 )   (101,111 )   (61,830 )   (8,710 )
                             
                             
(1) Starting from January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss methodology, which will result in more timely recognition of credit losses.
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
             
    As of
    December 31,
2022
  December 31,
2023
    RMB   RMB   US$
ASSETS            
Current assets:            
Cash and cash equivalents   116,128     114,521     16,130  
Restricted cash   132     486     68  
Accounts receivable   29,727     34,344     4,837  
Prepayments and other current assets   30,401     20,225     2,849  
Amounts due from a related party   255          
Total current assets   176,643     169,576     23,884  
Non-current assets:            
Long-term investments   141,901     112,912     15,903  
Property and equipment, net   14,947     1,433     202  
Operating lease right-of-use assets   33,756     4,081     575  
Intangible assets, net   23,947     17,941     2,527  
Goodwill   37,785     37,785     5,322  
Other non-current assets   4,128     5,387     759  
Total non-current assets   256,464     179,539     25,288  
Total assets   433,107     349,115     49,172  
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY            
Current liabilities:            
Short-term loan   5,000          
Accounts payable   18,169     21,073     2,968  
Deferred revenue and customer deposits   138,804     141,518     19,932  
Operating lease liabilities   18,133     4,007     564  
Accrued liabilities and other current liabilities   75,333     74,682     10,519  
Total current liabilities   255,439     241,280     33,983  
Non-current liabilities:            
Deferred revenue   3,585          
Operating lease liabilities   6,959     629     89  
Deferred tax liabilities   4,824     4,166     587  
Other non-current liabilities   4,058     563     79  
Total non-current liabilities   19,426     5,358     755  
Total liabilities   274,865     246,638     34,738  
Redeemable noncontrolling interests   30,552          
Shareholders’ equity:            
Common shares   50     50     7  
Treasury shares   (1,689 )   (2,453 )   (345 )
Additional paid-in capital   1,037,007     1,045,285     147,225  
Accumulated deficit   (925,982 )   (989,320 )   (139,343 )
Accumulated other comprehensive income   18,304     19,223     2,708  
Total Aurora Mobile Limited’s shareholders’ equity   127,690     72,785     10,252  
Noncontrolling interests       29,692     4,182  
Total shareholders’ equity   127,690     102,477     14,434  
Total liabilities, redeemable noncontrolling interests and shareholders’ equity   433,107     349,115     49,172  
AURORA MOBILE LIMITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
                             
    Three months ended   Twelve months ended
    December 31,
2022
  September 30,
2023
  December 31,
2023
  December 31,
2022
  December 31,
2023
    RMB   RMB   RMB   US$   RMB   RMB   US$
Reconciliation of Net Loss to Adjusted Net (Loss)/ Income:                            
Net loss   (31,785 )   (6,996 )   (17,944 )   (2,526 )   (108,450 )   (63,912 )   (9,003 )
Add:                            
Share-based compensation   861     2,848     1,520     214     15,515     11,574     1,630  
Reduction in force charges   1,584     619     3,480     490     7,487     5,838     822  
Share of loss from equity method investment           450     63         450     63  
Impairment of long-term investments   415     5,604     10,655     1,501     7,431     25,919     3,651  
Impairment of long-lived assets   22,400                 22,400          
Change in fair value of foreign currency swap contract   (74 )               (838 )        
Adjusted net (loss)/ income   (6,599 )   2,075     (1,839 )   (258 )   (56,455 )   (20,131 )   (2,837 )
Reconciliation of Net Loss to Adjusted EBITDA:                            
Net loss   (31,785 )   (6,996 )   (17,944 )   (2,526 )   (108,450 )   (63,912 )   (9,003 )
Add:                            
Income tax (benefits)/ expenses   (480 )   (177 )   (136 )   (19 )   (455 )   (642 )   (90 )
Interest expenses   321     209     158     22     3,136     808     114  
Depreciation of property and equipment   5,517     868     448     63     24,371     5,301     747  
Amortization of intangible assets   1,631     1,519     1,509     213     6,043     6,223     876  
Amortization of land use right   183                 366     994     140  
EBITDA   (24,613 )   (4,577 )   (15,965 )   (2,247 )   (74,989 )   (51,228 )   (7,216 )
Add:                            
Share-based compensation   861     2,848     1,520     214     15,515     11,574     1,630  
Reduction in force charges   1,584     619     3,480     490     7,487     5,838     822  
Share of loss from equity method investment           450     63         450     63  
Impairment of long-term investments   415     5,604     10,655     1,501     7,431     25,919     3,651  
Impairment of long-lived assets   22,400                 22,400          
Change in fair value of foreign currency swap contract   (74 )               (838 )        
Adjusted EBITDA   573     4,494     140     21     (22,994 )   (7,447 )   (1,050 )
AURORA MOBILE LIMITED
UNAUDITED SAAS BUSINESSES REVENUE
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
                             
    Three months ended   Twelve months ended
    December 31,
2022
  September 30,
2023
  December 31,
2023
  December 31,
2022
  December 31,
2023
    RMB   RMB   RMB   US$   RMB   RMB   US$
                             
Developer Services   63,222     51,534     55,581     7,828     235,231     204,652     28,824  
Subscription   46,331     46,659     48,830     6,877     160,722     173,523     24,440  
Value-Added Services   16,891     4,875     6,751     951     74,509     31,129     4,384  
Vertical Applications   23,692     22,524     21,829     3,075     93,591     85,580     12,054  
Total Revenue   86,914     74,058     77,410     10,903     328,822     290,232     40,878  
Gross Profits   59,796     52,302     53,281     7,505     225,765     199,286     28,069  
Gross Margin   68.8 %   70.6 %   68.8 %   68.8 %   68.7 %   68.7 %   68.7 %

 



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