Aurora Mobile Clocks 11% Top-Line Growth In Q1

  • Aurora Mobile Limited JG reported first-quarter FY22 revenue growth of 11% year-on-year to $13.5 million, missing the consensus of $14.6 million.
  • Segments: Revenues from Developer Services reached $9.4 million, up 14% Y/Y, Subscription Services were $5.4 million, up 2% Y/Y, and Value-added-services within Developer Services grew by 35% Y/Y to $4 million.
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  • The gross margin contracted 730 bps to 68.6% as costs surged 45% Y/Y. EPS loss was $(0.06).
  • Aurora Mobile held $43.1 million in cash and equivalents.
  • Outlook: Aurora Mobile suspended its outlook due to uncertainties associated with the resurgence of COVID-19.
  • Price Action: JG shares traded lower by 3% at $1.13 in the premarket session on the last check Thursday.
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Posted In: EarningsNewsPenny StocksTechBriefs