The chart below shows how UCL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UCL sees a -4.97% change in stock price 10 days leading up to the earnings, and a +6.99% change 10 days following the report. On the earnings day itself, the stock moves by -4.32%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase Analysis: Revenue increased 5.6% year-over-year to $25.2 million, in line with expectations.
Net Income Achievement: Net income reached $3.4 million, maintaining a solid financial position.
Strong Cash Generation: Operating cash inflow from operations was $2.0 million, demonstrating strong cash generation.
Active Terminals Breakdown: Average daily active terminals reached 320,452, with 55.4% from uCloud Link 1.0 and 44.6% from uCloud Link 2.0.
Service Gross Margin Increase: Gross margins on services increased to 57% in Q3 2024 from 55.9% in the same period of 2023.
Negative
Revenue Increase Overview: Total revenue was $25.2 million, representing an increase of 5.6% from $23.9 million in the third quarter of 2023.
Gross Profit Comparison: Overall gross profit was $12.19 million compared to $12.21 million in the same period of 2023.
Gross Margin Comparison: Overall gross margins were 48.4% in the third quarter of 2024, compared to 51.2% in the same period of 2023.
Gross Margin Decline: Gross margins on products decreased to 23.1% in the third quarter of 2024, from 40.1% in the same period of 2023.
Operating Cash Flow Decline: For the third quarter of 2024, we generated an operating cash inflow of $2 million compared to $2.8 million in the same period of 2023.
uCloudlink Group Inc. (UCL) Q3 2024 Earnings Call Transcript
UCL.O
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