Aurora Mobile Limited Announces Third Quarter 2018 Unaudited Financial Results

Aurora Mobile (NASDAQ:JG) announced its unaudited financial results for the third quarter ended September 30, 2018 highlighting an 116 percent increase in revenues.

The company said that its revenues for the quarter was RMB 196.8 million which translates to US$28.7 million while its gross profit was RMB53.2 million or US$7.7 million.

As quoted in the press release:

Third 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 991,000 as of September 30, 2018 from approximately 648,000 as of September 30, 2017.
• Number of monthly active unique mobile devices increased to 1.03 billion in September 2018 from 739 million in September 2017.
• Cumulative SDK installations increased to 17.4 billion as of September 30, 2018 from 9.9 billion as of September 30, 2017.
• Number of paying customers increased to 1,877 in the third quarter of 2018 from 1,311 in the third quarter of 2017.

“In the third quarter of 2018, we delivered strong financial and operational results where the number of mobile apps using our services grew from 648,000 as of September 30, 2017 and 888,000 as of June 30, 2018 to approximately 991,000 as of September 30, 2018,” commented Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile.

Third Quarter 2018 Financial Highlights

• Revenues were RMB196.8 million (US$28.7 million), an increase of 116% year-over-year.

• Cost of revenues was RMB143.6 million (US$20.9 million), an increase of 111% year-over-year.

• Gross profit was RMB53.2 million (US$7.7 million), an increase of 130% year-over-year.

• Total operating expenses were RMB78.9 million (US$11.5 million), an increase of 76% year-over-year.

• Net loss was RMB8.6 million (US$1.3 million), compared with net loss of RMB23.3 million for the same period of last year.

• Adjusted EBITDA (non-GAAP) was negative RMB6.9 million (US$1.0 million), compared with negative RMB18.9 million for the same period of last year.

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