Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading mobile developer service provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2021.
Fourth Quarter 2021 Financial Highlights (SAAS Businesses# only)
# SAAS Businesses include both the Developer Services and Vertical Applications. Starting from the first quarter of 2021, the Company only has revenues from SAAS Businesses.
Fourth Quarter 2021 Financial Highlights (for the Group as a whole, where for the comparative fourth quarter in 2020, contribution from Targeted Marketing business was included)
Fiscal year 2021 Financial Highlights (SAAS Businesses# only)
# SAAS Businesses include both the Developer Services and Vertical Applications. Starting from the first quarter of 2021, the Company only has revenues from SAAS Businesses.
Fiscal year 2021 Financial Highlights (for the Group as a whole, where for the comparative fiscal year 2020, contribution from Targeted Marketing business was included)
Fourth Quarter 2021 Operational Highlights
Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “Despite a very challenging operating environment in 2021, we have achieved remarkable progress in our business operations and financial performance. The conclusion of the fourth quarter marked the first full year of our successful transition into our SAAS business model which includes Developer Services and Vertical Applications.
This quarter marks the highest SAAS revenue record for the Company surpassing RMB100 million for the first time, a key milestone for us! Revenues were RMB101.2 million, up by 32% year-over-year, and gross profit was RMB72.1 million, the highest gross profit since Q1’2020, up by 23% year-over-year. In addition. Adjusted EBITDA was RMB1.8 million, the first ever Adjusted EBITDA profitable quarter since our transition to the pure SAAS Businesses since Q1’2021, and Adjusted EBITDA significantly improved by RMB19.0 million year-over-year from negative RMB17.1 million in Q4’2020. Turning into profitability is a strong acknowledgement of our success in growing the topline revenues, as well as our disciplined approach to drive operational efficiencies throughout the year. We are committed to continue to control and optimize operating expenses across all business functions going forward, and we expect to further drive operating efficiencies in 2022. We are confident that with all these efforts in place, we are on the right path to achieve full year profitability on Ajusted EBITDA for 2022.
Earlier this week, we have entered into a definitive agreement to acquire a majority equity interest in SendCloud, China’s leading Email API platform for consumer marketing and user-centric transactional email services. With the addition of SendCloud’s email sending services, we will be able to quickly enrich our omni-channel customer engagement product offerings which currently include mobile app push notifications, SMS, WeChat official accounts, WeChat mini-programs, Alipay mini-programs, DingTalk, and enterprise WeChat. We therefore can provide customers with industry-leading technology to simplify their omni-channel communications, without having to manage different vendors for each channel. Together, we will have the joint advantages to provide a reliable and effective customer engagement platform for different industry verticals. Our paying customer base is also expected to almost double upon completion of this transaction, and both parties can benefit from this acquisition through more cross-selling opportunities to the combined customer base and help fuel our future revenue growth.”
Mr. Fei Chen, President of Aurora Mobile, added, “In Q4’2021, our Developer Services continued to deliver solid results with a 42% year-over-year growth which was mainly fueled by a substantial 73% growth in Value-added Services and a 27% strong growth in our Subscription Services. Subscription Services revenues were RMB44.4 million, an increase of 27% year-over-year, primarily driven by new customer acquisition and strong growth in the private cloud services.
Value-added Services within Developer Services, which include revenues from JG Alliance services and Advertisement SAAS, continued to deliver impressive results by achieving a 73% year-over-year growth to RMB30.2 million from RMB17.4 million in Q4’2020. Since we first started our Value-added Services in Q4’2019, the revenue has exponentially grown by 8.2 times and reached a new historical high this quarter.
Vertical Applications mainly cover Financial Risk Management and Market Intelligence. These revenues grew steadily by 11% year-over-year, with the highest growth contribution coming from the Financial Risk Management business again. In the Financial Risk Management segment, revenues increased by 18% year-over-year with a solid 43% growth in ARPU. This record-high quarterly revenue has been the most meaningful achievement since Q1’2020, showing that the adverse impact of the pandemic on the Financial Risk Management business segment, is substantially behind us.”
Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “For the fourth quarter of 2021, we delivered a set of excellent financials since the beginning of 2020 when we commenced the transition into the SAAS business model.
During the quarter, we streamlined our cost structure in an effort to further improve our overall operating efficiency and to ensure operating expenses remained at a healthy level. For Q4’2021, our operating expenses decreased by 13% year-over-year, which also contributed to the improvement in our Adjusted EBITDA balance. We will continue to optimize our organizational structures and actively manage our operating expenses while sustainably growing our revenues.
Our AR turnover days remained stable at 38 days this quarter compared to 37 days a year ago. Our disciplined accounting policy and cash collecting efforts ensure a timely collection of our Accounts Receivables. The total deferred revenue balance, which represents cash collected in advance from customers, has exceeded RMB100 million at quarter-end for the 7th consecutive quarter. As of December 31, 2021, the balance was RMB123.8 million, up from RMB119.0 million of Q3’2021.”
Fourth Quarter 2021 Financial Results
Revenues were RMB101.2 million (US$15.9 million), a decrease of 5% from RMB106.0 million in the same quarter of last year, mainly due to a 100% decrease in revenues from the legacy Targeted Marketing business as the Company exited this business by the end of 2020, and offset by the strong growth in revenues of 42% from Developer Services and 11% from Vertical Applications. In particular, the revenues from Value-added Services within Developer Services increased by 73% compared to the same quarter of last year.
Cost of revenues was RMB29.1 million (US$4.6 million), a decrease of 36% from RMB45.9 million in the same quarter of last year. The decrease was mainly due to the decrease in media cost of RMB14.2 million as the Company has completely exited from the legacy Targeted Marketing business by the end of 2020.
Gross profit was RMB72.1 million (US$11.3 million), an increase of 20% from RMB60.1 million in the same quarter of last year despite revenues decreased by 5% on a year-over-year basis. This is the result of our successful strategic shift in focus from a low margin legacy Targeted Marketing model to a high margin pure SAAS business model. Gross profit in the fourth quarter of 2021 was 100% contributed from the SAAS Businesses.
Total operating expenses were RMB92.5 million (US$14.5 million), a decrease of 13% from RMB106.5 million in the same quarter of last year.
Loss from operations was RMB20.5 million (US$3.2 million), compared with RMB46.4 million in the same quarter of last year.
Net Loss was RMB35.6 million (US$5.6 million), compared with RMB89.9 million in the same quarter of last year.
Adjusted net loss (non-GAAP) was RMB8.1 million (US$1.3 million), compared with RMB29.4 million in the same quarter of last year.
Adjusted EBITDA (non-GAAP) was a positive RMB1.8 million (US$0.3 million) compared with a negative RMB17.1 million for the same quarter of last year.
The cash and cash equivalents, restricted cash and short-term investments were RMB284.6 million (US$44.7 million) as of December 31, 2021 compared with RMB436.2 million as of December 31, 2020. The decrease was primarily due to convertible notes valued at US$35.0 million were fully redeemed in April 2021.
Fiscal year 2021 Financial Results
Revenues were RMB357.3 million (US$56.1 million), a decrease of 24% from RMB471.6 million in 2020, mainly due to a 100% decrease in revenues from the legacy Targeted Marketing business as the Company exited this business by the end of 2020, and offset by the strong growth in revenues of 46% from Developer Services and 24% from Vertical Applications. In particular, the annual revenues from Value-added Services within Developer Services increased by 86% compared to 2020.
Cost of revenues was RMB92.4 million (US$14.5 million), a decrease of 65% from RMB265.4 million in 2020. The decrease was mainly due to the decrease in media cost of RMB165.9 million as the Company has completely exited from the legacy Targeted Marketing business by the end of 2020.
Gross profit was RMB264.9 million (US$41.6 million), an increase of 28% from RMB206.2 million in 2020 despite revenues decreased by 24% year-over-year. This is the result of our successful strategic shift in focus from a low margin legacy Targeted Marketing model to a high margin pure SAAS business model. Gross profit in 2021 was 100% contributed from the SAAS Businesses.
Total operating expenses were RMB403.1 million (US$63.2 million), an increase of 2% from RMB396.0 million in last year.
Loss from operations was RMB138.1 million (US$21.7 million), compared with RMB189.8 million in 2020.
Net Loss was RMB140.6 million (US$22.1 million), compared with RMB225.1 million in 2020.
Adjusted net loss (non-GAAP) was RMB86.6 million (US$13.6 million), compared with RMB141.6 million in 2020.
Adjusted EBITDA (non-GAAP) was a negative RMB46.0 million (US$7.2 million) compared with a negative RMB87.7 million in 2020.
Business Outlook
Based on the current available information, the Company sees full year 2022 revenue guidance to be in the range of RMB435.0 million to RMB455.0 million, representing growth of 22% to 27% year-over-year compared with 2021 results.
The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.
Update on Share Repurchase
As of December 31, 2021, the Company had repurchased a total of 920,606 ADS. No ADS were repurchased during the fourth quarter in 2021.
Conference Call
The Company will host an earnings conference call on Thursday, March 3, 2022 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing time on the same day).
Due to the outbreak of COVID-19, operator assisted conference calls are not available at the moment. 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://apac.directeventreg.com/registration/event/6088538
A telephone replay of the call will be available after the conclusion of the conference call through 9:00 p.m. U.S. Eastern Time, March 10, 2022.
The dial-in details for the replay are as follows:
| International: | +61 2 8199 0299 | |
| U.S. Toll Free: | 1-855-452-5696 | |
| Passcode: | 6088538 |
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, impairment of long-lived assets, impairment of long-term investment 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, income tax expenses, share-based compensation, reduction in force charges, impairment of long-lived assets, impairment of long-term investment 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 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 mobile developer service provider in China. Aurora Mobile is committed to providing efficient and stable push notification, one-click verification, and app traffic monetization services to help developers improve operational efficiency, grow and monetize. Meanwhile, Aurora Mobile’s vertical applications have expanded to market intelligence and financial risk management, empowering various industries to improve productivity and optimize decision-making.
For more information, please visit https://ir.jiguang.cn/.
For investor and media inquiries, please contact:
Aurora Mobile Limited
This email address is being protected from spambots. You need JavaScript enabled to view it.
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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 RMB6.3726 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 30, 2021.
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
| Three months ended | Twelve months ended | |||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31， | ||||||||||||
| 2020 | 2021 | 2021 | 2020 | 2021 | ||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||
| Revenues | 105,994 | 90,517 | 101,196 | 15,880 | 471,614 | 357,322 | 56,072 | |||||||||
| Cost of revenues | (45,885 | ) | (23,167 | ) | (29,138 | ) | (4,572 | ) | (265,436 | ) | (92,393 | ) | (14,498 | ) | ||
| Gross profit | 60,109 | 67,350 | 72,058 | 11,308 | 206,178 | 264,929 | 41,574 | |||||||||
| Operating expenses | ||||||||||||||||
| Research and development | (40,602 | ) | (55,511 | ) | (44,992 | ) | (7,060 | ) | (174,597 | ) | (206,722 | ) | (32,439 | ) | ||
| Sales and marketing | (22,341 | ) | (29,358 | ) | (33,153 | ) | (5,202 | ) | (102,319 | ) | (116,415 | ) | (18,268 | ) | ||
| General and administrative | (43,517 | ) | (18,831 | ) | (14,399 | ) | (2,260 | ) | (119,087 | ) | (79,922 | ) | (12,542 | ) | ||
| Total operating expenses | (106,460 | ) | (103,700 | ) | (92,544 | ) | (14,522 | ) | (396,003 | ) | (403,059 | ) | (63,249 | ) | ||
| Loss from operations | (46,351 | ) | (36,350 | ) | (20,486 | ) | (3,214 | ) | (189,825 | ) | (138,130 | ) | (21,675 | ) | ||
| Foreign exchange gain/(loss), net | 3 | 535 | (2,407 | ) | (378 | ) | 10 | (3,376 | ) | (530 | ) | |||||
| Interest income | 1,568 | 1,668 | 1,599 | 251 | 6,131 | 6,597 | 1,035 | |||||||||
| Interest expense | (2,821 | ) | (1,936 | ) | (1,901 | ) | (298 | ) | (11,724 | ) | (8,815 | ) | (1,383 | ) | ||
| Other loss | (42,406 | ) | (507 | ) | (15,499 | ) | (2,432 | ) | (30,814 | ) | (2,908 | ) | (456 | ) | ||
| Change in fair value of structured notes | 157 | - | - | - | 1,233 | 20 | 3 | |||||||||
| Change in fair value of foreign currency swap contract | - | 1,019 | 3,136 | 492 | - | 6,060 | 951 | |||||||||
| Loss before income taxes | (89,850 | ) | (35,571 | ) | (35,558 | ) | (5,579 | ) | (224,989 | ) | (140,552 | ) | (22,055 | ) | ||
| Income tax expenses | (86 | ) | - | (21 | ) | (3 | ) | (86 | ) | (32 | ) | (5 | ) | |||
| Net loss | (89,936 | ) | (35,571 | ) | (35,579 | ) | (5,582 | ) | (225,075 | ) | (140,584 | ) | (22,060 | ) | ||
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS (continued)
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data)
| Three months ended | Twelve months ended | |||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31 | ||||||||||||
| 2020 | 2021 | 2021 | 2020 | 2021 | ||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||
| Net loss attributable to Aurora Mobile Limited’s shareholders | (89,936 | ) | (35,571 | ) | (35,579 | ) | (5,582 | ) | (225,075 | ) | (140,584 | ) | (22,060 | ) | ||
| Net loss attributable to common shareholders | (89,936 | ) | (35,571 | ) | (35,579 | ) | (5,582 | ) | (225,075 | ) | (140,584 | ) | (22,060 | ) | ||
| Net loss per share, for Class A and Class B common shares: | ||||||||||||||||
| Class A Common Shares - basic and diluted | (1.16 | ) | (0.45 | ) | (0.45 | ) | (0.07 | ) | (2.91 | ) | (1.78 | ) | (0.28 | ) | ||
| Class B Common Shares - basic and diluted | (1.16 | ) | (0.45 | ) | (0.45 | ) | (0.07 | ) | (2.91 | ) | (1.78 | ) | (0.28 | ) | ||
| Shares used in net loss per share computation: | ||||||||||||||||
| Class A Common Shares - basic and diluted | 60,815,983 | 61,906,065 | 61,990,190 | 61,990,190 | 60,415,978 | 61,809,501 | 61,809,501 | |||||||||
| 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 income/(loss) | ||||||||||||||||
| Foreign currency translation adjustments | 2,824 | (294 | ) | 1,278 | 201 | 4,450 | 1,638 | 257 | ||||||||
| Total other comprehensive income/(loss), net of tax | 2,824 | (294 | ) | 1,278 | 201 | 4,450 | 1,638 | 257 | ||||||||
| Comprehensive loss | (87,112 | ) | (35,865 | ) | (34,301 | ) | (5,381 | ) | (220,625 | ) | (138,946 | ) | (21,803 | ) | ||
| Comprehensive loss attributable to Aurora Mobile Limited | (87,112 | ) | (35,865 | ) | (34,301 | ) | (5,381 | ) | (220,625 | ) | (138,946 | ) | (21,803 | ) | ||
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
| As of | ||||||
| December 31, 2020 | December 31, 2021 | |||||
| RMB | RMB | US$ | ||||
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and cash equivalents | 356,115 | 90,552 | 14,210 | |||
| Restricted cash | 115 | 164,030 | 25,740 | |||
| Derivative assets | 100 | 5,989 | 940 | |||
| Short-term investments | 80,000 | 30,000 | 4,708 | |||
| Accounts receivable | 44,886 | 43,860 | 6,883 | |||
| Prepayments and other current assets | 49,013 | 46,670 | 7,323 | |||
| Amounts due from a related party | - | 35 | 5 | |||
| Total current assets | 530,229 | 381,136 | 59,809 | |||
| Non-current assets: | ||||||
| Long-term investments | 168,526 | 141,926 | 22,271 | |||
| Property and equipment, net | 73,522 | 62,179 | 9,757 | |||
| Intangible assets, net | 9,519 | 5,398 | 847 | |||
| Other non-current assets | 5,631 | 4,898 | 769 | |||
| Total non-current assets | 257,198 | 214,401 | 33,644 | |||
| Total assets | 787,427 | 595,537 | 93,453 | |||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||
| Current liabilities: | ||||||
| Short-term loan | - | 150,000 | 23,538 | |||
| Accounts payable | 16,592 | 18,292 | 2,870 | |||
| Deferred revenue and customer deposits | 109,182 | 119,991 | 18,829 | |||
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET (continued)
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
| As of | |||||||
| December 31, 2020 | December 31, 2021 | ||||||
| RMB | RMB | US$ | |||||
| Accrued liabilities and other current liabilities | 109,136 | 85,305 | 13,388 | ||||
| Amounts due to a related party | - | 54 | 8 | ||||
| Convertible notes | 225,229 | - | - | ||||
| Total current liabilities | 460,139 | 373,642 | 58,633 | ||||
| Non-current liabilities: | |||||||
| Deferred revenue | 6,049 | 3,845 | 603 | ||||
| Other non-current liabilities | - | 2,607 | 409 | ||||
| Total non-current liabilities | 6,049 | 6,452 | 1,012 | ||||
| Total liabilities | 466,188 | 380,094 | 59,645 | ||||
Shareholders’ equity | |||||||
| Common shares | 48 | 49 | 8 | ||||
| Additional paid-in capital | 988,812 | 1,021,961 | 160,368 | ||||
| Accumulated deficit | (678,434 | ) | (819,018 | ) | (128,522 | ) | |
| Accumulated other comprehensive income | 10,813 | 12,451 | 1,954 | ||||
| Total shareholders’ equity | 321,239 | 215,443 | 33,808 | ||||
| Total liabilities and shareholders’ equity | 787,427 | 595,537 | 93,453 | ||||
AURORA MOBILE LIMITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
| Three months ended | Twelve months ended | |||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||
| 2020 | 2021 | 2021 | 2020 | 2021 | ||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||
| Reconciliation of Net Loss to Adjusted Net Loss: | ||||||||||||||||
| Net loss | (89,936 | ) | (35,571 | ) | (35,579 | ) | (5,582 | ) | (225,075 | ) | (140,584 | ) | (22,060 | ) | ||
| Add: | ||||||||||||||||
| Share-based compensation | 5,912 | 7,754 | 3,422 | 537 | 28,858 | 30,212 | 4,741 | |||||||||
| Reduction in force charges | - | - | 3,917 | 615 | - | 3,917 | 615 | |||||||||
| Impairment of long-term investment | 43,681 | 2,588 | 23,310 | 3,658 | 43,681 | 25,898 | 4,064 | |||||||||
| Impairment of long-lived assets | 10,952 | - | - | - | 10,952 | - | - | |||||||||
| Change in fair value of foreign currency swap contract | - | (1,019 | ) | (3,136 | ) | (492 | ) | - | (6,060 | ) | (951 | ) | ||||
| Adjusted net loss | (29,391 | ) | (26,248 | ) | (8,066 | ) | (1,264 | ) | (141,584 | ) | (86,617 | ) | (13,591 | ) | ||
| Reconciliation of Net Loss to Adjusted EBITDA: | ||||||||||||||||
| Net loss | (89,936 | ) | (35,571 | ) | (35,579 | ) | (5,582 | ) | (225,075 | ) | (140,584 | ) | (22,060 | ) | ||
| Add: | ||||||||||||||||
| Income tax expenses | 86 | - | 21 | 3 | 86 | 32 | 5 | |||||||||
| Interest expense | 2,821 | 1,936 | 1,901 | 298 | 11,724 | 8,815 | 1,383 | |||||||||
| Depreciation of property and equipment | 8,286 | 7,086 | 6,845 | 1,074 | 37,704 | 27,337 | 4,290 | |||||||||
| Amortization of intangible assets | 1,083 | 1,156 | 1,135 | 178 | 4,368 | 4,481 | 703 | |||||||||
| EBITDA | (77,660 | ) | (25,393 | ) | (25,677 | ) | (4,029 | ) | (171,193 | ) | (99,919 | ) | (15,679 | ) | ||
| Add: | ||||||||||||||||
| Share-based compensation | 5,912 | 7,754 | 3,422 | 537 | 28,858 | 30,212 | 4,741 | |||||||||
| Reduction in force charges | - | - | 3,917 | 615 | - | 3,917 | 615 | |||||||||
| Impairment of long-term investment | 43,681 | 2,588 | 23,310 | 3,658 | 43,681 | 25,898 | 4,064 | |||||||||
| Impairment of long-lived assets | 10,952 | - | - | - | 10,952 | - | - | |||||||||
| Change in fair value of foreign currency swap contract | - | (1,019 | ) | (3,136 | ) | (492 | ) | - | (6,060 | ) | (951 | ) | ||||
| Adjusted EBITDA | (17,115 | ) | (16,070 | ) | 1,836 | 289 | (87,702 | ) | (45,952 | ) | (7,210 | ) | ||||
AURORA MOBILE LIMITED
UNAUDITED SAAS BUSINESSES REVENUE
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
| Three months ended | Twelve months ended | |||||||||||||||
| December 31, | September 30, | December 31, | December 31, | December 31, | ||||||||||||
| 2020 | 2021 | 2021 | 2020 | 2021 | ||||||||||||
| RMB | RMB | RMB | US$ | RMB | RMB | US$ | ||||||||||
| Reconciliation of SAAS Businesses Revenue to Total Revenue | ||||||||||||||||
| Developer Services | 52,531 | 64,677 | 74,574 | 11,702 | 173,457 | 252,859 | 39,679 | |||||||||
| Subscription | 35,100 | 39,773 | 44,407 | 6,968 | 120,925 | 155,394 | 24,385 | |||||||||
| Value-Added Services | 17,431 | 24,904 | 30,167 | 4,734 | 52,532 | 97,465 | 15,294 | |||||||||
| Vertical Applications | 24,090 | 25,840 | 26,622 | 4,178 | 84,495 | 104,463 | 16,393 | |||||||||
| Total SAAS Businesses Revenue | 76,621 | 90,517 | 101,196 | 15,880 | 257,952 | 357,322 | 56,072 | |||||||||
| Add: | ||||||||||||||||
| Targeted Marketing Revenue | 29,373 | - | - | - | 213,662 | - | - | |||||||||
| Total Revenue | 105,994 | 90,517 | 101,196 | 15,880 | 471,614 | 357,322 | 56,072 | |||||||||
| SAAS Businesses Gross Profits1 | 58,683 | 67,350 | 72,058 | 11,308 | 194,709 | 264,929 | 41,574 | |||||||||
| SAAS Businesses Gross Margin2 | 76.6 | % | 74.4 | % | 71.2 | % | 71.2 | % | 75.5 | % | 74.1 | % | 74.1 | % | ||
1Our SAAS Businesses Gross Profits is calculated after excluding the Targeted Marketing gross profit (which is calculated as revenue less media cost) from the Group’s total gross profit. | ||||||||||||||||
| 2Our SAAS Businesses Gross Margin is calculated by dividing the SAAS Businesses Gross Profit by SAAS Businesses Revenue. | ||||||||||||||||
| Last Trade: | US$2.91 |
| Daily Change: | -0.01 -0.34 |
| Daily Volume: | 5,275 |
| Market Cap: | US$17.400M |
March 12, 2024 March 07, 2024 February 22, 2024 September 17, 2023 | |
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