Aurora Mobile Announces 233 Percent Increase in Revenues

Aurora Mobile (NASDAQ:JG), a mobile big data solutions platform in China announced its unaudited financial results for the second quarter ended June 30, 2018.

The company reported revenues of RMB 165.1 million (US$25 million), an increase of 233.6 percent year-over-year.

As quoted in the press release:

“This is our first earnings report as a public company following our listing on Nasdaq on July 26, 2018,” commented Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile. “I am pleased to report strong financial and operational results for our second quarter 2018. During the quarter, the number of mobile apps using our services grew from 583,000 as of June 2017 and 784,000 as of March 31, 2018 to approximately 888,000 as of June 2018.”

Second Quarter 2018 Financial Highlights

• Revenues were RMB165.1 million (US$25.0 million), an increase of 233.6% year-over-year.
• Cost of revenues was RMB118.1 million (US$17.8 million), an increase of 192.8% year-over-year.
• Gross profit was RMB47.0 million (US$7.1 million), an increase of 411.0% year-over-year.
• Total operating expenses were RMB68.7 million (US$10.4 million), an increase of 68.6% year-over-year.
• Net loss was RMB11.8 million (US$1.8 million) compared with net loss of RMB30.2 million for the same period of last year.
• Adjusted EBITDA (non-GAAP) was negative RMB11.1 million (US$1.7 million) compared with negative RMB27.5 million for the same period of last year.

Second Quarter 2018 Operational Highlights

• Number of mobile apps utilizing at least one of the Company’s developer services, or the cumulative app installations, increased to approximately 888,000 as of June 30, 2018 from approximately 583,000 as of June 30, 2017.

• Number of monthly active unique mobile devices increased to 971 million in June 2018 from 633 million in June 2017.

• Cumulative SDK installations increased to 14.9 billion as of June 30, 2018 from 8.5 billion as of June 30, 2017.

• Number of paying customers increased to 1,602 in the second quarter of 2018 from 1,165 in the second quarter of 2017.

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