Aurora Mobile Announces Q4 and Fiscal Year 2019 Results

Aurora Mobile (NASDAQ:JG) announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.

As quoted in the press release:

Fourth Quarter 2019 Financial Highlights

• Revenues were RMB182.8 million (US$26.3 million), a decrease of 19% year-over-year and 10% quarter-over-quarter.

• Cost of revenues was RMB122.5 million (US$17.6 million), a decrease of 25% year-over-year and 16% quarter-over-quarter.

• Gross profit was RMB60.3 million (US$8.7 million), a decrease of 3% year-over-year, and an increase of 6% quarter-over-quarter.

• Total operating expenses were RMB103.3 million (US$14.8 million), an increase of 19% year-over-year and a decrease of 7% quarter-over-quarter.

• Net loss was RMB40.3 million (US$5.8 million), compared with a net loss of RMB23.6 million for the same period last year, and a net loss of RMB31.7 million for the third quarter of 2019.

• Adjusted net loss (non-GAAP) was RMB21.0 million (US$3.0 million), compared with a RMB12.5 million adjusted net loss for the same period last year, and a RMB37.6 million adjusted net loss for the third quarter of 2019.

• Adjusted EBITDA (non-GAAP) was negative RMB8.9 million (US$1.3 million), compared with negative RMB3.5 million for the same period last year, and negative RMB26.0 million for the third quarter of 2019

Click here to read the full press release.