Aurora Mobile Limited (“Aurora Mobile” or the “Company”)
(NASDAQ:JG), a leading mobile developer service provider in China,
today announced its unaudited financial results for the first
quarter ended March 31, 2021.
First Quarter 2021 Financial
Highlights (SAAS
Businesses# only)
-
Revenues were RMB76.6 million (US$11.7
million), an increase of 56% year-over-year.
- Gross
profit was RMB58.1 million (US$8.9 million), an
increase of 60% year-over-year.
- Gross
margin was 75.9%, compared with 73.9% in the same
quarter of 2020.
# SAAS Businesses include both the Developer Services and
Vertical Applications. Starting from first quarter of 2021, the
Company only has revenues from SAAS Businesses.
First Quarter 2021 Financial Highlights
(for the Group as a whole, where for the comparative first quarter
in 2020, contribution from Targeted Marketing business was
included)
-
Revenues were RMB76.6 million (US$11.7 million), a
decrease of 39% year-over-year.
-
Cost of revenues was RMB18.5 million (US$2.8
million), a decrease of 78% year-over-year.
-
Gross profit was RMB58.1 million (US$8.9 million),
an increase of 41% year-over-year.
-
Total operating expenses were RMB101.5 million
(US$15.5 million), an increase of 9% year-over-year.
-
Net loss was RMB40.2 million (US$6.1 million),
compared with a net loss of RMB51.0 million for the same quarter
last year.
-
Adjusted net loss (non-GAAP) was RMB28.7 million
(US$4.4 million), compared with a RMB43.2 million adjusted net loss
for the same quarter last year.
-
Adjusted EBITDA (non-GAAP) was negative RMB18.4
million (US$2.8 million), compared with negative RMB30.3 million
for the same quarter last year.
First Quarter 2021 Operational
Highlights
-
Number of mobile apps utilizing at least one of
the Company’s developer services, or the cumulative app
installations, increased to approximately 1,731,000 as of March 31,
2021 from approximately 1,499,000 as of March 31, 2020.
-
Number of monthly active unique mobile devices
increased to 1.39 billion in March 2021 from 1.36 billion in March
2020.
-
Cumulative SDK installations increased to 49.8
billion as of March 31, 2021 from 37.2 billion as of March 31,
2020.
-
Number of paying customers increased to 2,512 in
the first quarter of 2021 from 2,211 in the first quarter of
2020.
Mr. Weidong Luo, Chairman and Chief Executive
Officer of Aurora Mobile, commented, “This is the first quarter
where our financial results reflect only our SAAS Businesses as we
fully exited our legacy Targeted Marketing business at the end of
2020. We have entered a new chapter and are very excited about our
future business prospects.
In the first quarter of 2021, we continued to
put our company-wide focus and concerted effort to grow our SAAS
Businesses, which include the Developer Services and Vertical
Applications. Our SAAS Businesses continued to deliver impressive
results this quarter with:
- The number of paying customers increased to 2,512 from 2,049 a
year ago, up 23% year-over-year.
-
Revenues were RMB76.6 million, up 56% year-over-year;
-
Group gross margin reached a historical high of 75.9%, more than
2.3 times from a year ago; and
-
Gross profit was RMB58.1 million, up 60% year-over-year, growing
faster than revenue;
-
Adjusted EBITDA was negative RMB18.4 million, a substantial
improvement of 39% from a year ago, demonstrating strong operating
leverage.
The strong SAAS Businesses revenue growth was
mainly due to both the strong growth of 67% in Developer Services
and 36% in Vertical Applications. The historically high gross
margin ratio is a strong evidence of how the transition to a pure
SAAS business model has been positively impacting our results. The
strong SAAS Businesses gross profit growth was driven by both the
revenue growth of 56% year-over-year, and margin expansion from
73.9% to 75.9% year-over-year.
For JG UMS (which stands for Unification
Messaging System), we started to commercialize the product post
Chinese New Year in March 2021. Since then, we have seen a strong
pipeline being developed and scaled, across a variety of industry
verticals including social ecommerce, education, lifestyle service,
medical industries, etc. And we believe this product has addressed
the critical needs of many corporate customers who want to manage
their customer engagement more cost effectively.
For JG VaaS products (which stands for
Video-as-a-Service), we are seeing continued sales momentum and
traction, which demonstrates the demand from mobile App developers
who have successfully applied our JG VaaS to their applications
helping improve user experience, increase user engagement time, and
enhance monetization capabilities. On average, user engagement time
for applications with VaaS products have increased by 30%.”
Mr. Fei Chen, President of Aurora Mobile, added,
"Following its stellar performance throughout 2020, Developer
Services continued to be the biggest revenue contributor in
Q1’2021. For the quarter ended March 31, 2021, we recorded RMB52.4
million in revenue for Developer Services which represented a very
strong 67% growth on a year-over-year basis. The significant
revenue growth was driven by strong 35% growth in Subscription
Services and 189% growth in Value-added-services.
Subscription Services revenue was RMB33.7
million, an increase of 35% year-over-year, primarily driven by new
push notification customer acquisition, and cross-selling of
non-push notification products in our product portfolio, which
includes other subscription products such as JVerification, JSMS,
JAnalytics, etc.
Value-added-services within Developer Services,
which include revenues from JG Alliance services and Advertisement
SaaS, recorded another very impressive quarter as revenues grew by
189% from RMB6.5 million in Q1’2020 to RMB18.8 million in Q1’2021,
despite Q1 being a seasonally slower quarter of the year.
On the supply side of JG Alliance, the total
number of DAU within our network exceeded 150 million compared to
130 million in Q4, representing a 15% growth from Q4’2020. In this
quarter, we continued to sign up many large and popular mobile APPs
from different industry verticals into our JG Alliance traffic
supply pool. This continued increase in traffic pool is important
as it provides greater number of usable DAUs, which in-turn helps
us to increase impressions and generate higher revenues.
On the demand side, we see strong demand from
mini-program developers which again contributed more than a third
of JG Alliance’s revenue. Since we launched JG Alliance in late
2019, it has proven to be an effective traffic acquisition medium
for these mini-program developers who continuously need to expand
their user base.
The revenues from Vertical Applications include
market intelligence, financial risk management and iZone.
Year-over-year Vertical Applications revenues continued to grow by
36% as demands continued to recover from the pandemic, particularly
Financial Risk Management has outperformed where revenues grew by
56%. All three businesses under Vertical Applications recorded
solid year-over-year revenue growth.”
Mr. Shan-Nen Bong, Chief Financial Officer of
Aurora Mobile, added, "We believe we have delivered a very strong
and promising set of results for first quarter of 2021 after we
have successfully transitioned into pure SAAS Businesses. The key
take-aways this quarter include:
-
Our SAAS Businesses revenue increased significantly by 56%
year-over-year;
-
Group gross margins improved from 32.8% to 75.9% year-over-year, a
direct result of Q1’2021 gross margin being 100% contributed by
high-margin SAAS Businesses;
-
Operating expenses, however, only increased by 9%;
-
As a result, our Adjusted EBIDTA has improved by 39%, the
scalability of the business model has become clear.
On to the balance sheet items, with our
continued effort to closely monitor our outstanding accounts
receivable, the accounts receivables turnover days decreased
significantly from 86 days in Q1’2020 to 48 days this quarter. This
was due to both the shift away from legacy Targeted Marketing to
focus on SAAS Businesses and the Company’s effort to shorten the
accounts receivables collection cycle.
For the 4th consecutive quarters, the deferred
revenue balance, which represents cash collected in advance from
customers, has exceeded RMB100.0 million at quarter-end. As of
March 31, 2021, the balance was RMB110.0 million.
We are very proud of, and very pleased with the
results of Q1’2021. This has clearly demonstrated that our decision
to invest in the SAAS Businesses was the right strategy. We believe
the SAAS Businesses will continue their growth momentum and bring
solid results moving forward.”
First Quarter 2021 Financial
Results
Revenues were RMB76.6 million
(US$11.7 million), a decrease of 39% from RMB126.2 million in the
same quarter of last year, mainly due to a 100% decrease in
revenues from the Targeted Marketing business as the Company exited
this business by the end of 2020, and offset by a strong growth in
revenue of 67% from Developer Services. In particular, the revenue
from Value-added-services within Developer Services increased by
189% compared to the same quarter of last year.
Cost of revenues was RMB18.5
million (US$2.8 million), a decrease of 78% from RMB84.9 million in
the same quarter of last year. The decrease was mainly due to the
decrease in media cost of RMB66.4 million as the Company has
completely exited from the Targeted Marketing business by the end
of 2020.
Gross profit was RMB58.1
million (US$8.9 million), an increase of 41% from RMB41.3 million
in the same quarter of last year despite revenue decreased by 39%
on a year-over-year basis. This is the result of our successful
strategic shift in focus from a traditional Targeted Marketing
model to a pure SaaS business model. Gross profit in first quarter
of 2021 was 100% contributed from SAAS Businesses.
Total operating expenses were
RMB101.5 million (US$15.5 million), an increase of 9% from RMB93.1
million in the same quarter of last year.
- Research
and development expenses were RMB51.9 million (US$7.9
million), an increase of 25% from RMB41.4 million in the same
quarter of last year, mainly due to a RMB6.3 million increase in
personnel costs and a RMB4.5 million increase in bandwidth and
cloud cost to support the expansion of SAAS Businesses. The impact
was offset by a RMB1.8 million decrease in depreciation.
- Sales
and marketing expenses were RMB26.9 million (US$4.1
million), an increase of 7% from RMB25.2 million in the same
quarter of last year, mainly due to a RMB1.5 million increase in
marketing expense and a RMB1.4 million increase in travel expense.
The impact was offset by a RMB1.4 million decrease in personnel
costs.
- General
and administrative expenses were RMB22.8 million (US$3.5
million), a decrease of 14% from RMB26.5 million in the same
quarter of last year, mainly due to a RMB6.8 million decrease in
bad debt provision, and the impact was offset by a RMB3.0 million
increase in personnel cost and professional fees.
- Loss
from operations was RMB43.4 million (US$6.6 million),
compared with RMB51.7 million in the same quarter of last
year.
Net Loss was RMB40.2 million
(US$6.1 million), compared with RMB51.0 million in the same quarter
of last year.
Adjusted net loss (non-GAAP)
was RMB28.7 million (US$4.4 million), compared with RMB43.2 million
in the same quarter of last year.
Adjusted EBITDA (non-GAAP) was
negative RMB18.4 million (US$2.8 million) compared with negative
RMB30.3 million for the same quarter of last year.
The cash and cash equivalents, restricted cash
and short-term investment was RMB400.1 million (US$61.1 million) as
of March 31, 2021 compared with RMB436.2 million as of December 31,
2020.
Business OutlookThe Company
confirms that the previously provided guidance, for the financial
year ending December 31, 2021, for total revenues of RMB380.0
million to RMB400.0 million, representing year-over-year growth of
approximately 47% to 55%, and gross margin to be above 70% for the
full year, remains unchanged.
Please note that, for meaningful comparison
purposes, the prior year revenue number used to calculate the
growth percentage excludes revenue from Targeted Marketing
business. The above outlook is based on the current market
conditions and reflects the Company’s current and preliminary
estimates of market and operating conditions and customer demand,
which are all subject to change.
Recent DevelopmentSubsequent to March 31, 2021,
US$35.0 million of convertible notes due in April 2021 have been
fully redeemed.
Update on Share RepurchaseAs of March 31, 2021,
the Company had repurchased a total of 920,606 ADS. No ADS were
repurchased during the first quarter in 2021.
Conference Call
The Company will host an earnings conference
call on Thursday, June 10, 2021 at 7:30 a.m. U.S. Eastern Time
(7:30 p.m. Beijing time on the same day).
Due to the outbreak of COVID-19, operator
assisted conference calls are not available at the moment. All
participants must register in advance to join the conference using
the link provided below. Please dial in 15 minutes before the call
is scheduled to begin. Conference access information will be
provided upon registration.
Participant Online
Registration: http://apac.directeventreg.com/registration/event/4573514
A telephone replay of the call will be available
after the conclusion of the conference call through 9:00 p.m. U.S.
Eastern Time, June 17, 2021.
The dial-in details for the replay are as follows:
International: |
+61 2 8199 0299 |
|
U.S. Toll Free: |
1-855-452-5696 |
|
Passcode: |
4573514 |
|
A live and archived webcast of the conference
call will be available on the Investor Relations section of Aurora
Mobile’s website at http://ir.jiguang.cn/.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company
considers and uses two non-GAAP measures, adjusted net loss and
adjusted EBITDA, as a supplemental measure to review and assess its
operating performance. The presentation of these non-GAAP financial
measures is not intended to be considered in isolation or as a
substitute for the financial information prepared and presented in
accordance with U.S. GAAP. The Company defines adjusted net loss as
net loss excluding share-based compensation, impairment of
long-term investment and impairment of long-lived assets. The
Company defines adjusted EBITDA as net loss excluding interest
expense, depreciation of property and equipment, amortization of
intangible assets, income tax expense, share-based compensation,
impairment of long-term investment and impairment of long-lived
assets.
The Company believes that adjusted net loss and
adjusted EBITDA help identify underlying trends in its business
that could otherwise be distorted by the effect of certain expenses
that it includes in loss from operations and net loss.
The Company believes that adjusted net loss and
adjusted EBITDA provide useful information about its operating
results, enhance the overall understanding of its past performance
and future prospects and allow for greater visibility with respect
to key metrics used by the management in their financial and
operational decision-making.
The non-GAAP financial measures are not defined
under U.S. GAAP and are not presented in accordance with U.S. GAAP.
The non-GAAP financial measures have limitations as analytical
tools. One of the key limitations of using adjusted net loss and
adjusted EBITDA is that they do not reflect all items of income and
expense that affect the Company’s operations. Further, the non-GAAP
financial measures may differ from the non-GAAP information used by
other companies, including peer companies, and therefore their
comparability may be limited.
The Company compensates for these limitations by
reconciling the non-GAAP financial measures to the nearest U.S.
GAAP performance measure, all of which should be considered when
evaluating the Company’s performance. The Company encourages you to
review its financial information in its entirety and not rely on a
single financial measure.
Reconciliations of the non-GAAP financial
measures to the most comparable U.S. GAAP measure are included at
the end of this press release.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” “confident” and
similar statements. Among other things, the Business Outlook and
quotations from management in this announcement, as well as Aurora
Mobile’s strategic and operational plans, contain forward-looking
statements. Aurora Mobile may also make written or oral
forward-looking statements in its sic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about Aurora Mobile’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Aurora Mobile’s strategies; Aurora
Mobile’s future business development, financial condition and
results of operations; Aurora Mobile’s ability to attract and
retain customers; its ability to develop and effectively market
data solutions, and penetrate the existing market for developer
services; its ability to transition to the new advertising-driven
SaaS-model; its ability maintain or enhance its brand; the
competition with current or future competitors; its ability to
continue to gain access to mobile data in the future; the laws and
regulations relating to data privacy and protection; general
economic and business conditions globally and in China and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in the
Company’s filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and Aurora Mobile
undertakes no duty to update such information, except as required
under applicable law.
About Aurora Mobile Limited
Founded in 2011, Aurora Mobile is a leading
mobile developer service provider in China. Aurora Mobile is
committed to providing efficient and stable push notification,
one-click verification, and APP traffic monetization services to
help developers improve operational efficiency, grow and monetize.
Meanwhile, Aurora Mobile’s vertical applications have expanded to
market intelligence, financial risk management, and location-based
intelligence, empowering various industries to improve productivity
and optimize decision-making.
For more information, please visit http://ir.jiguang.cn/.
For investor and media inquiries,
please contact:
Aurora Mobile
Limitedir@jiguang.cn
ChristensenIn ChinaMr. Eric
YuanPhone: +86-10-5900-1548E-mail: eyuan@christensenir.com
In U.S.Ms. Linda BergkampPhone:
+1-480-614-3004Email: lbergkamp@ChristensenIR.com
Footnote:
This announcement contains translations of
certain RMB amounts into U.S. dollars at specified rates solely for
the convenience of the reader. Unless otherwise noted, all
translations from RMB to U.S. dollars are made at a rate of
RMB6.5518 to US$1.00, the exchange rate set forth in the H.10
statistical release of the Board of Governors of the Federal
Reserve System as of March 31, 2021.
|
AURORA MOBILE LIMITED |
|
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME
STATEMENTS |
|
|
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”)) |
|
|
|
|
|
Three months ended |
|
|
March 31, |
December 31, |
March 31, |
2020 |
2020 |
2021 |
|
|
RMB |
RMB |
RMB |
US$ |
Revenues |
|
126,224 |
|
105,994 |
|
76,648 |
|
11,699 |
|
|
|
|
|
|
|
Cost of revenues |
|
(84,884 |
) |
(45,885 |
) |
(18,502 |
) |
(2,824 |
) |
|
|
|
|
|
|
Gross profit |
|
41,340 |
|
60,109 |
|
58,146 |
|
8,875 |
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
Research and development |
|
(41,394 |
) |
(40,602 |
) |
(51,907 |
) |
(7,923 |
) |
Sales and marketing |
|
(25,216 |
) |
(22,341 |
) |
(26,884 |
) |
(4,103 |
) |
General and administrative |
|
(26,474 |
) |
(43,517 |
) |
(22,750 |
) |
(3,472 |
) |
|
|
|
|
|
|
Total operating expenses |
|
(93,084 |
) |
(106,460 |
) |
(101,541 |
) |
(15,498 |
) |
|
|
|
|
|
|
Loss from operations |
|
(51,744 |
) |
(46,351 |
) |
(43,395 |
) |
(6,623 |
) |
|
|
|
|
|
|
Foreign exchange gain/(loss), net |
|
40 |
|
3 |
|
(4 |
) |
(1 |
) |
Interest income |
|
1,604 |
|
1,568 |
|
1,588 |
|
242 |
|
Interest expense |
|
(2,932 |
) |
(2,821 |
) |
(2,774 |
) |
(423 |
) |
Other income/(loss) |
|
1,523 |
|
(42,406 |
) |
4,399 |
|
671 |
|
Change in fair value of derivative asset |
|
499 |
|
157 |
|
20 |
|
3 |
|
|
|
|
|
|
|
Loss before income taxes |
|
(51,010 |
) |
(89,850 |
) |
(40,166 |
) |
(6,131 |
) |
|
|
|
|
|
|
Income tax expenses |
|
- |
|
(86 |
) |
- |
|
- |
|
|
|
|
|
|
|
Net loss |
|
(51,010 |
) |
(89,936 |
) |
(40,166 |
) |
(6,131 |
) |
|
|
|
|
|
|
|
|
|
|
|
AURORA MOBILE LIMITED |
|
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(continued) |
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”), except for number of shares and per share
data) |
|
|
|
|
|
Three months ended |
|
|
March 31, |
|
December 31, |
|
March 31, |
|
|
2020 |
|
2020 |
|
2021 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
Net loss attributable to Aurora Mobile Limited’s
shareholders |
|
(51,010 |
) |
|
(89,936 |
) |
|
(40,166 |
) |
|
(6,131 |
) |
|
|
|
|
|
|
Net loss attributable
to common shareholders |
|
(51,010 |
) |
|
(89,936 |
) |
|
(40,166 |
) |
|
(6,131 |
) |
|
|
|
|
|
|
Net loss per share,
for Class A and Class B common shares: |
|
|
|
|
|
Class A Common Shares - basic
and diluted |
|
(0.66 |
) |
|
(1.16 |
) |
|
(0.51 |
) |
|
(0.08 |
) |
Class B Common Shares - basic
and diluted |
|
(0.66 |
) |
|
(1.16 |
) |
|
(0.51 |
) |
|
(0.08 |
) |
|
|
|
|
|
|
Shares used in net
loss per share computation: |
|
|
|
|
|
Class A Common Shares - basic
and diluted |
|
60,147,106 |
|
|
60,815,983 |
|
|
61,392,170 |
|
|
61,392,170 |
|
Class B Common Shares - basic
and diluted |
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
|
|
|
|
|
Other comprehensive
(loss)/income |
|
|
|
|
|
Foreign currency translation
adjustments |
|
(780 |
) |
|
2,824 |
|
|
(534 |
) |
|
(82 |
) |
|
|
|
|
|
|
Total other
comprehensive (loss)/income, net of tax |
|
(780 |
) |
|
2,824 |
|
|
(534 |
) |
|
(82 |
) |
|
|
|
|
|
|
Comprehensive
loss |
|
(51,790 |
) |
|
(87,112 |
) |
|
(40,700 |
) |
|
(6,213 |
) |
Comprehensive loss
attributable to Aurora Mobile Limited |
|
(51,790 |
) |
|
(87,112 |
) |
|
(40,700 |
) |
|
(6,213 |
) |
|
AURORA MOBILE LIMITED |
|
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE
SHEET |
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”)) |
|
|
|
|
|
As of |
|
|
December 31, 2020 |
|
March 31, 2021 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets: |
|
|
|
|
|
|
Cash and cash equivalents |
|
356,115 |
|
349,947 |
|
53,412 |
Restricted cash |
|
115 |
|
115 |
|
18 |
Derivative assets |
|
100 |
|
- |
|
- |
Short-term investments |
|
80,000 |
|
50,000 |
|
7,631 |
Accounts receivable |
|
44,886 |
|
36,417 |
|
5,558 |
Prepayments and other current
assets |
|
49,013 |
|
42,585 |
|
6,500 |
Assets held for sale |
|
- |
|
4,862 |
|
742 |
|
|
|
|
|
|
|
Total current
assets |
|
530,229 |
|
483,926 |
|
73,861 |
|
|
|
|
|
|
|
Non-current
assets: |
|
|
|
|
|
|
Other non-current assets |
|
5,631 |
|
5,892 |
|
899 |
Long-term investments |
|
168,526 |
|
168,918 |
|
25,782 |
Property and equipment,
net |
|
73,522 |
|
66,879 |
|
10,208 |
Intangible assets, net |
|
9,519 |
|
8,524 |
|
1,301 |
|
|
|
|
|
|
|
Total non-current
assets |
|
257,198 |
|
250,213 |
|
38,190 |
|
|
|
|
|
|
|
Total
assets |
|
787,427 |
|
734,139 |
|
112,051 |
LIABILITIES AND
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
Accounts payable |
|
16,592 |
|
16,162 |
|
2,467 |
Deferred revenue and customer
deposits |
|
109,182 |
|
103,376 |
|
15,778 |
Accrued liabilities and other
current liabilities |
|
109,136 |
|
81,042 |
|
12,369 |
Income tax payable |
|
- |
|
48 |
|
7 |
Convertible notes |
|
225,229 |
|
229,441 |
|
35,020 |
|
|
|
|
|
|
|
Total current
liabilities |
|
460,139 |
|
430,069 |
|
65,641 |
|
|
|
|
|
|
|
Non-current
liabilities: |
|
|
|
|
|
|
Other non-current
liabilities |
|
- |
|
2,589 |
|
395 |
Deferred revenue |
|
6,049 |
|
6,576 |
|
1,004 |
|
|
|
|
|
|
|
Total non-current
liabilities |
|
6,049 |
|
9,165 |
|
1,399 |
|
|
|
|
|
|
|
Total
liabilities |
|
466,188 |
|
439,234 |
|
67,040 |
|
|
|
|
|
|
|
|
AURORA MOBILE LIMITED |
|
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET
(continued) |
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”), except for number of shares and per share
data) |
|
|
|
|
|
As of |
|
|
December 31, 2020 |
|
March 31, 2021 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
Shareholders’
equity |
|
|
|
|
Common shares |
|
48 |
|
|
49 |
|
|
7 |
|
Additional paid-in
capital |
|
988,812 |
|
|
1,003,177 |
|
|
153,115 |
|
Accumulated deficit |
|
(678,434 |
) |
|
(718,600 |
) |
|
(109,680 |
) |
Accumulated other
comprehensive income |
|
10,813 |
|
|
10,279 |
|
|
1,569 |
|
|
|
|
|
|
Total shareholders’
equity |
|
321,239 |
|
|
294,905 |
|
|
45,011 |
|
|
|
|
|
|
Total liabilities and
shareholders’ equity |
|
787,427 |
|
|
734,139 |
|
|
112,051 |
|
|
|
|
|
|
|
|
|
|
|
|
AURORA MOBILE LIMITED |
|
RECONCILIATION OF GAAP AND NON-GAAP RESULTS |
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”)) |
|
|
|
|
|
Three months ended |
|
|
March 31, |
|
December 31, |
|
March 31, |
2020 |
|
2020 |
|
2021 |
|
|
RMB |
|
RMB |
|
RMB |
US$ |
Reconciliation of Net Loss toAdjusted Net
Loss: |
|
|
|
|
|
Net loss |
|
(51,010 |
) |
|
(89,936 |
) |
|
(40,166 |
) |
|
(6,131 |
) |
Add: |
|
|
|
|
|
Share-based compensation |
|
7,819 |
|
|
5,912 |
|
|
11,508 |
|
|
1,756 |
|
Impairment of long-term investment |
|
- |
|
|
43,681 |
|
|
- |
|
|
- |
|
Impairment of long-lived assets |
|
- |
|
|
10,952 |
|
|
- |
|
|
- |
|
Adjusted net loss |
|
(43,191 |
) |
|
(29,391 |
) |
|
(28,658 |
) |
|
(4,375 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Net Loss
to Adjusted EBITDA: |
|
|
|
|
|
Net loss |
|
(51,010 |
) |
|
(89,936 |
) |
|
(40,166 |
) |
|
(6,131 |
) |
Add: |
|
|
|
|
|
Income tax expenses |
|
- |
|
|
86 |
|
|
- |
|
|
- |
|
Interest expense |
|
2,932 |
|
|
2,821 |
|
|
2,774 |
|
|
423 |
|
Depreciation of property and equipment |
|
8,880 |
|
|
8,286 |
|
|
6,378 |
|
|
973 |
|
Amortization of intangible assets |
|
1,063 |
|
|
1,083 |
|
|
1,091 |
|
|
167 |
|
EBITDA |
|
(38,135 |
) |
|
(77,660 |
) |
|
(29,923 |
) |
|
(4,568 |
) |
Add: |
|
|
|
|
|
Share-based compensation |
|
7,819 |
|
|
5,912 |
|
|
11,508 |
|
|
1,756 |
|
Impairment of long-term investment |
|
- |
|
|
43,681 |
|
|
- |
|
|
- |
|
Impairment of long-lived assets |
|
- |
|
|
10,952 |
|
|
- |
|
|
- |
|
Adjusted EBITDA |
|
(30,316 |
) |
|
(17,115 |
) |
|
(18,415 |
) |
|
(2,812 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AURORA MOBILE LIMITED |
|
UNAUDITED SAAS BUSINESSES REVENUE |
|
(Amounts in thousands of Renminbi (“RMB”) and US dollars
(“US$”)) |
|
|
|
|
|
Three months ended |
|
|
March 31, |
December 31, |
March 31, |
2020 |
|
2020 |
|
2021 |
|
|
|
RMB |
RMB |
RMB |
US$ |
Reconciliation of SAAS
Businesses Revenue to Total Revenue |
|
|
|
|
|
|
|
|
|
Developer Services |
|
31,441 |
|
52,531 |
|
52,440 |
|
8,004 |
|
Subscription |
|
24,941 |
|
35,100 |
|
33,676 |
|
5,140 |
|
Value-Added Services |
|
6,500 |
|
17,431 |
|
18,764 |
|
2,864 |
|
Vertical
Application |
|
17,809 |
|
24,090 |
|
24,208 |
|
3,695 |
|
Total SAAS Businesses
Revenue |
|
49,250 |
|
76,621 |
|
76,648 |
|
11,699 |
|
Add: |
|
|
|
|
|
|
|
|
|
Targeted Marketing Revenue |
|
76,974 |
|
29,373 |
|
- |
|
- |
|
Total Revenue |
|
126,224 |
|
105,994 |
|
76,648 |
|
11,699 |
|
SAAS Businesses Gross
Profits1 |
|
36,414 |
|
58,683 |
|
58,146 |
|
8,875 |
|
SAAS Businesses Gross
Margin2 |
|
73.9% |
|
76.6% |
|
75.9% |
|
75.9% |
|
1Our SAAS Businesses Gross Profits is calculated after excluding
the Targeted Marketing gross profit (which is calculated as revenue
less media cost) from the Group’s total gross profit. |
2Our SAAS Businesses Gross Margin is calculated by dividing the
SAAS Businesses Gross Profit by SAAS Businesses Revenue. |
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