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 third quarter
ended September 30, 2021.
Third Quarter 2021 Financial Highlights (SAAS
Businesses# only)
-
Revenues were RMB90.5 million (US$14.0
million), an increase of 38% year-over-year.
- Gross
profit was RMB67.4 million (US$10.5 million), an
increase of 38% year-over-year.
- Gross
margin was 74.4%, compared with 74.7% in the same
quarter of 2020.
# SAAS Businesses include both the Developer
Services and Vertical Applications. Starting from the first quarter
of 2021, the Company only has revenues from SAAS Businesses.
Third Quarter 2021 Financial Highlights
(for the Group as a whole, where for the comparative third quarter
in 2020, contribution from Targeted Marketing business was
included)
-
Revenues were RMB90.5 million (US$14.0 million), a
decrease of 17% year-over-year.
-
Cost of revenues was RMB23.2 million (US$3.6
million), a decrease of 60% year-over-year.
-
Gross profit was RMB67.4 million (US$10.5
million), an increase of 32% year-over-year.
-
Total operating expenses were RMB103.7 million
(US$16.1 million), an increase of 6% year-over-year.
-
Net loss was RMB35.6 million (US$5.5 million),
compared with a net loss of RMB43.7 million for the same quarter
last year.
-
Adjusted net loss (non-GAAP) was RMB26.2 million
(US$4.1 million), compared with a RMB36.9 million adjusted net loss
for the same quarter last year.
-
Adjusted EBITDA (non-GAAP) was negative RMB16.1
million (US$2.5 million), compared with a negative RMB22.0 million
for the same quarter last year.
Third 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 1,786,000 as of September
30, 2021 from approximately 1,645,000 as of September 30,
2020.
-
Number of monthly active unique mobile devices
increased to 1.44 billion in September 2021 from 1.39 billion in
September 2020.
-
Cumulative SDK installations increased to 55.4
billion as of September 30, 2021 from 43.8 billion as of September
30, 2020.
-
Number of paying customers increased to 2,729 in
the third quarter of 2021 from 2,405 in the third quarter of
2020.
Mr. Weidong Luo, Chairman and Chief Executive
Officer of Aurora Mobile, commented, “This is the third quarter we
have been operating under the pure SAAS business model since the
beginning of 2021. Our focus on building and growing our SAAS
Businesses has been very successful. We have seen a steady and
solid upward trend in the results of our SAAS Businesses including
revenue, gross profit and a 27% improvement in Adjusted EBITDA from
a year ago, demonstrating our strong operating leverage.
Revenues from our SAAS Businesses set another
quarterly record with 48% growth in Developer Services, and 18% in
Vertical Applications on a year-over-year basis. Our group margin
has greatly improved from 47% a year ago to 74.4%, which was the
result of our successful transition into the pure SAAS business
model. The strong gross profit growth of our SAAS Businesses was
mainly driven by revenue growth of 38% year-over-year.
The backbone of our continuous revenue growth
has been our relentless team effort and prioritization of
innovation in developer services’ products. In Q3’2021, we launched
a free version of our core JPush product, featuring a brand-new
upgrade to the ‘HUB function’ whereby mobile app developers can
easily integrate the ‘7 major mobile phone manufacturers’ and
‘Operating Systems’ push channels into the app. This ‘HUB function’
marks a new milestone of helping developers greatly improve their
push results with very simple and efficient integration steps and
cements our position as the leading push notification provider in
China.
As one of several newly introduced products in
2021, our VAAS product has generated much customer interest. For
example, during this quarter, one of the most renowned
manufacturers in the smart home industry started testing our VAAS
product on their smart home appliances intended for a wider roll
out in the near future. By providing short videos that are
tailored, customized and geared towards different user groups, and
displayed on different appliances, our VAAS product continues to
satisfy customers’ requirements and increase user stickiness and
user retention time. We believe that our VAAS product has vast
market potential and applications going forward.”
Mr. Fei Chen, President of Aurora Mobile, added,
“Revenues from Developer Services reached RMB64.7 million, a robust
48% growth on a year-over-year basis. The year-over-year revenue
growth was the result of strong growth of 32% in Subscription
Services and a very impressive 84% growth in
Value-added-services.
Subscription Services revenues were RMB39.8
million, an increase of 32% year-over-year, primarily driven by new
customer acquisition. Our revenue contribution of non-push
notification products increased to 43% from 31% a year ago, which
is a result of our continuous cross-selling of non-push
subscription products.
Value-added-services within Developer Services,
which include revenues from JG Alliance services and Advertisement
SAAS, achieved outstanding results where revenues grew
significantly by 84% year-over-year to RMB24.9 million from RMB13.5
million in Q3’2020. The demand for our JG Alliance products has
proven to be continuously strong since its introduction to the
market, while the mini-program and app retargeting related demand
continued to contribute a majority of the JG Alliance revenue in
the third quarter of 2021.
Vertical Applications that cover Financial Risk
Management, Market Intelligence and iZone, grew steadily by 18%
year-over-year with the lion’s share of the growth coming from the
Financial Risk Management business. In the Financial Risk
Management segment, revenues increased substantially by 35%
year-over-year with the help of the 37% growth in ARPU. The strong
demand for our Financial Risk Management products has paved the way
for us to acquire new customers and retain many existing customers
every quarter.”
Mr. Shan-Nen Bong, Chief Financial Officer of
Aurora Mobile, added, “This is the third quarter where we have
delivered SAAS Businesses-only results, and we are very pleased
with the top line results we have achieved. We are equally excited
to share our balance sheet results.
Our AR turnover days continued to shorten
significantly from 45 days in Q3’2020 to 39 days this quarter. This
was similar to the trend seen last quarter, due to both the shift
away from the legacy Targeted Marketing to focus on the SAAS
Businesses and the disciplined credit granting policy and our focus
on improving AR collection. Total deferred revenue balance, which
represents cash collected in advance from customers, was RMB119.0
million at quarter-end, exceeding RMB100 million for the 6th
consecutive quarter. We believe that the growth momentum of the
past three quarters will continue to bring more sound results in
the coming quarters.”
Third Quarter 2021 Financial
Results
Revenues were RMB90.5 million
(US$14.0 million), a decrease of 17% from RMB108.6 million in the
same quarter of last year, mainly due to a 100% decrease in
revenues from the legacy Targeted Marketing business as the Company
exited this business by the end of 2020, and offset by the strong
growth in revenues of 48% from Developer Services and 18% from
Vertical Applications. In particular, the revenues from
Value-added-services within Developer Services increased by 84%
compared to the same quarter of last year.
Cost of revenues was RMB23.2
million (US$3.6 million), a decrease of 60% from RMB57.5 million in
the same quarter of last year. The decrease was mainly due to the
decrease in media cost of RMB32.7 million as the Company has
completely exited from the legacy Targeted Marketing business by
the end of 2020.
Gross profit was RMB67.4
million (US$10.5 million), an increase of 32% from RMB51.1 million
in the same quarter of last year despite revenues decreased by 17%
on a year-over-year basis. This is the result of our successful
strategic shift in focus from a low margin legacy Targeted
Marketing model to a high margin pure SAAS business model. Gross
profit in the third quarter of 2021 was 100% contributed from the
SAAS Businesses.
Total operating expenses were
RMB103.7 million (US$16.1 million), an increase of 6% from RMB97.7
million in the same quarter of last year.
- Research
and development expenses were RMB55.5 million (US$8.6
million), an increase of 22% from RMB45.6 million in the same
quarter of last year, mainly due to a RMB5.6 million increase in
personnel costs and a RMB6.5 million increase in cloud cost to
support the expansion of SAAS Businesses. The impact was partially
offset by a RMB1.1 million decrease in depreciation.
- Sales
and marketing expenses were RMB29.4 million (US$4.6
million), an increase of 5% from RMB28.0 million in the same
quarter of last year, mainly due to a RMB1.6 million increase in
personnel costs.
- General
and administrative expenses were RMB18.8 million (US$2.9
million), a decrease of 22% from RMB24.1 million in the same
quarter of last year, mainly due to a RMB6.9 million decrease in
bad debt provision which was the result of our company-wide
concerted focus on strict financial control measures, and the
impact was offset by a RMB0.8 million increase in personnel
costs.
Loss from operations was
RMB36.4 million (US$5.6 million), compared with RMB46.6 million in
the same quarter of last year.
Net Loss was RMB35.6 million
(US$5.5 million), compared with RMB43.7 million in the same quarter
of last year.
Adjusted net loss (non-GAAP)
was RMB26.2 million (US$4.1 million), compared with RMB36.9 million
in the same quarter of last year.
Adjusted EBITDA (non-GAAP) was
negative RMB16.1 million (US$2.5 million) compared with negative
RMB22.0 million for the same quarter of last year.
The cash and cash equivalents, restricted cash
and short-term investments were RMB281.4 million (US$43.7 million)
as of September 30, 2021 compared with RMB436.2 million as of
December 31, 2020. The decrease was primarily due to convertible
notes valued at US$35.0 million were fully redeemed in April
2021.
Business Outlook
Based on the current available information, the
Company sees full year 2021 revenue guidance to be in the range of
RMB350.0 million to RMB360.0 million, representing growth of 36% to
40% year-over-year compared with last year, and guidance for our
full year gross margin to remain above 70%.
Please note that, for meaningful comparison
purposes, the prior year revenue number used to calculate the
growth percentage excludes revenues from the 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.
Update on Share Repurchase
As of September 30, 2021, the Company had
repurchased a total of 920,606 ADS. No ADS were repurchased during
the third quarter in 2021.
Conference Call
The Company will host an earnings conference
call on Tuesday, November 23, 2021 at 7:30 a.m. U.S. Eastern Time
(8:30 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:
https://apac.directeventreg.com/registration/event/8343576
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, November 30, 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: |
8343576 |
|
A live and archived webcast of the conference
call will be available on the Investor Relations section of Aurora
Mobile’s website at https://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 change in fair value of foreign currency
swap contract. The Company defines adjusted EBITDA as net loss
excluding interest expense, depreciation of property and equipment,
amortization of intangible assets, income tax expenses, share-based
compensation, impairment of long-term investment and change in fair
value of foreign currency swap contract.
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 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 business 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 and financial risk management, empowering
various industries to improve productivity and optimize
decision-making.
For more information, please visit https://ir.jiguang.cn/.
For investor and media inquiries,
please contact:
Aurora Mobile Limited
ir@jiguang.cn
Christensen
In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: eyuan@christensenir.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: 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
RMB6.4434 to US$1.00, the exchange rate set forth in the H.10
statistical release of the Board of Governors of the Federal
Reserve System as of September 30, 2021.
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED
INCOME STATEMENTS
(Amounts in thousands of Renminbi (“RMB”)
and US dollars (“US$”))
|
|
Three months ended |
|
Nine months ended |
|
|
September 30, |
|
June 30, |
|
|
September 30, |
|
|
September 30, |
|
September 30, |
|
2020 |
|
2021 |
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
|
RMB |
|
RMB |
|
|
RMB |
|
|
US$ |
|
|
RMB |
|
RMB |
|
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
108,601 |
|
|
88,961 |
|
|
90,517 |
|
|
14,048 |
|
|
365,619 |
|
|
256,126 |
|
|
39,750 |
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues |
|
(57,536 |
) |
|
(21,586 |
) |
|
(23,167 |
) |
|
(3,595 |
) |
|
(219,550 |
) |
|
(63,255 |
) |
|
(9,817 |
) |
|
|
|
|
|
|
|
|
|
|
Gross
profit |
|
51,065 |
|
|
67,375 |
|
|
67,350 |
|
|
10,453 |
|
|
146,069 |
|
|
192,871 |
|
|
29,933 |
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
|
|
|
Research and development |
|
(45,623 |
) |
|
(54,312 |
) |
|
(55,511 |
) |
|
(8,615 |
) |
|
(133,994 |
) |
|
(161,730 |
) |
|
(25,100 |
) |
Sales and marketing |
|
(27,981 |
) |
|
(27,020 |
) |
|
(29,358 |
) |
|
(4,556 |
) |
|
(79,978 |
) |
|
(83,262 |
) |
|
(12,922 |
) |
General and
administrative |
|
(24,050 |
) |
|
(23,942 |
) |
|
(18,831 |
) |
|
(2,923 |
) |
|
(75,570 |
) |
|
(65,523 |
) |
|
(10,169 |
) |
|
|
|
|
|
|
|
|
|
|
Total operating
expenses |
|
(97,654 |
) |
|
(105,274 |
) |
|
(103,700 |
) |
|
(16,094 |
) |
|
(289,542 |
) |
|
(310,515 |
) |
|
(48,191 |
) |
|
|
|
|
|
|
|
|
|
|
Loss from
operations |
|
(46,589 |
) |
|
(37,899 |
) |
|
(36,350 |
) |
|
(5,641 |
) |
|
(143,473 |
) |
|
(117,644 |
) |
|
(18,258 |
) |
|
|
|
|
|
|
|
|
|
|
Foreign exchange (loss)/gain,
net |
|
(2 |
) |
|
(1,500 |
) |
|
535 |
|
|
83 |
|
|
7 |
|
|
(969 |
) |
|
(150 |
) |
Interest income |
|
1,568 |
|
|
1,742 |
|
|
1,668 |
|
|
259 |
|
|
4,562 |
|
|
4,998 |
|
|
776 |
|
Interest expense |
|
(2,972 |
) |
|
(2,204 |
) |
|
(1,936 |
) |
|
(300 |
) |
|
(8,903 |
) |
|
(6,914 |
) |
|
(1,073 |
) |
Other income/(loss) |
|
4,147 |
|
|
8,699 |
|
|
(507 |
) |
|
(79 |
) |
|
11,594 |
|
|
12,591 |
|
|
1,954 |
|
Change in fair value of
structured notes |
|
155 |
|
|
- |
|
|
- |
|
|
- |
|
|
1,075 |
|
|
20 |
|
|
3 |
|
Change in fair value of
foreign currency swap contract |
|
- |
|
|
1,905 |
|
|
1,019 |
|
|
158 |
|
|
- |
|
|
2,924 |
|
|
454 |
|
|
|
|
|
|
|
|
|
|
|
Loss before
income taxes |
|
(43,693 |
) |
|
(29,257 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(104,994 |
) |
|
(16,294 |
) |
|
|
|
|
|
|
|
|
|
|
Income tax expenses |
|
- |
|
|
(11 |
) |
|
- |
|
|
- |
|
|
- |
|
|
(11 |
) |
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss |
|
(43,693 |
) |
|
(29,268 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(105,005 |
) |
|
(16,296 |
) |
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED
INCOME STATEMENTS (continued)
(Amounts in thousands of Renminbi
(“RMB”) and US dollars (“US$”), except for number
of shares and per share data)
|
|
Three months ended |
|
Nine months ended |
|
|
September 30, |
|
June 30, |
|
September 30, |
|
September 30, |
|
September 30, |
|
|
2020 |
|
2021 |
|
2021 |
|
2020 |
|
2021 |
|
|
RMB |
RMB |
RMB |
|
US$ |
|
|
RMB |
RMB |
|
US$ |
|
Net loss attributable to Aurora Mobile Limited’s
shareholders |
|
(43,693 |
) |
|
(29,268 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(105,005 |
) |
|
(16,296 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss attributable
to common shareholders |
|
(43,693 |
) |
|
(29,268 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(105,005 |
) |
|
(16,296 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss per share,
for Class A and Class B common shares: |
|
|
|
|
|
|
|
|
|
Class A Common Shares - basic
and diluted |
|
(0.56 |
) |
|
(0.37 |
) |
|
(0.45 |
) |
|
(0.07 |
) |
|
(1.75 |
) |
|
(1.33 |
) |
|
(0.21 |
) |
Class B Common Shares - basic
and diluted |
|
(0.56 |
) |
|
(0.37 |
) |
|
(0.45 |
) |
|
(0.07 |
) |
|
(1.75 |
) |
|
(1.33 |
) |
|
(0.21 |
) |
|
|
|
|
|
|
|
|
|
|
Shares used in net
loss per share computation: |
|
|
|
|
|
|
|
|
|
Class A Common Shares - basic
and diluted |
|
60,461,343 |
|
|
61,799,298 |
|
|
61,906,065 |
|
|
61,906,065 |
|
|
60,281,670 |
|
|
61,748,610 |
|
|
61,748,610 |
|
Class B Common Shares - basic
and diluted |
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
17,000,189 |
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
income/(loss) |
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustments |
|
2,360 |
|
|
1,188 |
|
|
(294 |
) |
|
(46 |
) |
|
1,627 |
|
|
360 |
|
|
56 |
|
|
|
|
|
|
|
|
|
|
|
Total other
comprehensive income/(loss), net of tax |
|
2,360 |
|
|
1,188 |
|
|
(294 |
) |
|
(46 |
) |
|
1,627 |
|
|
360 |
|
|
56 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
loss |
|
(41,333 |
) |
|
(28,080 |
) |
|
(35,865 |
) |
|
(5,566 |
) |
|
(133,511 |
) |
|
(104,645 |
) |
|
(16,240 |
) |
Comprehensive loss
attributable to Aurora Mobile Limited |
|
(41,333 |
) |
|
(28,080 |
) |
|
(35,865 |
) |
|
(5,566 |
) |
|
(133,511 |
) |
|
(104,645 |
) |
|
(16,240 |
) |
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED
BALANCE SHEET
(Amounts in thousands of Renminbi (“RMB”)
and US dollars (“US$”))
|
|
As of |
|
|
December 31, 2020 |
|
September 30, 2021 |
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets: |
|
|
|
|
|
|
Cash and cash equivalents |
|
356,115 |
|
87,473 |
|
13,576 |
Restricted cash |
|
115 |
|
163,900 |
|
25,437 |
Derivative assets |
|
100 |
|
2,934 |
|
455 |
Short-term investments |
|
80,000 |
|
30,000 |
|
4,656 |
Accounts receivable |
|
44,886 |
|
40,988 |
|
6,361 |
Prepayments and other current
assets |
|
49,013 |
|
56,320 |
|
8,741 |
|
|
|
|
|
|
|
Total current
assets |
|
530,229 |
|
381,615 |
|
59,226 |
|
|
|
|
|
|
|
Non-current
assets: |
|
|
|
|
|
|
Long-term investments |
|
168,526 |
|
165,598 |
|
25,700 |
Property and equipment,
net |
|
73,522 |
|
68,899 |
|
10,693 |
Intangible assets, net |
|
9,519 |
|
6,811 |
|
1,057 |
Other non-current assets |
|
5,631 |
|
4,060 |
|
630 |
|
|
|
|
|
|
|
Total non-current
assets |
|
257,198 |
|
245,368 |
|
38,080 |
|
|
|
|
|
|
|
Total
assets |
|
787,427 |
|
626,983 |
|
97,306 |
LIABILITIES AND
SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities: |
|
|
|
|
|
|
Short-term loan |
|
- |
|
150,000 |
|
23,280 |
Accounts payable |
|
16,592 |
|
13,530 |
|
2,100 |
Deferred revenue and customer
deposits |
|
109,182 |
|
114,387 |
|
17,753 |
|
|
|
|
|
|
|
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED
BALANCE SHEET (continued)
(Amounts in thousands of Renminbi (“RMB”)
and US dollars (“US$”))
|
|
As of |
|
|
December 31, 2020 |
|
September 30, 2021 |
|
|
RMB |
|
RMB |
|
|
US$ |
|
|
|
|
|
|
Accrued liabilities and other current liabilities |
|
109,136 |
|
|
95,140 |
|
|
14,764 |
|
Amounts due to a related
party |
|
- |
|
|
87 |
|
|
14 |
|
Convertible notes |
|
225,229 |
|
|
- |
|
|
- |
|
|
|
|
|
|
Total current
liabilities |
|
460,139 |
|
|
373,144 |
|
|
57,911 |
|
|
|
|
|
|
Non-current
liabilities: |
|
|
|
|
Deferred revenue |
|
6,049 |
|
|
4,576 |
|
|
710 |
|
Other non-current
liabilities |
|
- |
|
|
2,934 |
|
|
455 |
|
|
|
|
|
|
Total non-current
liabilities |
|
6,049 |
|
|
7,510 |
|
|
1,165 |
|
|
|
|
|
|
Total
liabilities |
|
466,188 |
|
|
380,654 |
|
|
59,076 |
|
|
|
|
|
|
|
|
|
|
|
Shareholders’
equity |
|
|
|
|
|
|
|
|
|
Common shares |
|
48 |
|
|
49 |
|
|
8 |
|
Additional paid-in
capital |
|
988,812 |
|
|
1,018,546 |
|
|
158,076 |
|
Accumulated deficit |
|
(678,434 |
) |
|
(783,439 |
) |
|
(121,588 |
) |
Accumulated other
comprehensive income |
|
10,813 |
|
|
11,173 |
|
|
1,734 |
|
|
|
|
|
|
Total shareholders’
equity |
|
321,239 |
|
|
246,329 |
|
|
38,230 |
|
|
|
|
|
|
Total liabilities and shareholders’ equity |
|
787,427 |
|
|
626,983 |
|
|
97,306 |
|
AURORA MOBILE LIMITED
RECONCILIATION OF GAAP AND NON-GAAP
RESULTS
(Amounts in thousands of Renminbi (“RMB”)
and US dollars (“US$”))
|
|
Three months ended |
|
Nine months ended |
|
|
September 30, |
June 30, |
September 30, |
|
September 30, |
September 30, |
|
2020 |
|
2021 |
|
2021 |
|
2020 |
|
2021 |
|
|
RMB |
RMB |
RMB |
US$ |
|
RMB |
RMB |
US$ |
|
|
|
|
|
|
|
|
|
|
Reconciliation of Net
Loss to Adjusted Net Loss: |
|
|
|
|
|
|
|
|
|
Net loss |
|
(43,693 |
) |
|
(29,268 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(105,005 |
) |
|
(16,296 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation |
|
6,835 |
|
|
7,528 |
|
|
7,754 |
|
|
1,203 |
|
|
22,946 |
|
|
26,790 |
|
|
4,158 |
|
Impairment of long-term investment |
|
- |
|
|
- |
|
|
2,588 |
|
|
402 |
|
|
- |
|
|
2,588 |
|
|
402 |
|
Change in fair value of foreign currency swap contract |
|
- |
|
|
(1,905 |
) |
|
(1,019 |
) |
|
(158 |
) |
|
- |
|
|
(2,924 |
) |
|
(454 |
) |
Adjusted net loss |
|
(36,858 |
) |
|
(23,645 |
) |
|
(26,248 |
) |
|
(4,073 |
) |
|
(112,192 |
) |
|
(78,551 |
) |
|
(12,190 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of Net
Loss to Adjusted EBITDA: |
|
|
|
|
|
|
|
|
|
Net loss |
|
(43,693 |
) |
|
(29,268 |
) |
|
(35,571 |
) |
|
(5,520 |
) |
|
(135,138 |
) |
|
(105,005 |
) |
|
(16,296 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Income tax expenses |
|
- |
|
|
11 |
|
|
- |
|
|
- |
|
|
- |
|
|
11 |
|
|
2 |
|
Interest expense |
|
2,972 |
|
|
2,204 |
|
|
1,936 |
|
|
300 |
|
|
8,903 |
|
|
6,914 |
|
|
1,073 |
|
Depreciation of property and equipment |
|
10,770 |
|
|
7,028 |
|
|
7,086 |
|
|
1,100 |
|
|
29,418 |
|
|
20,492 |
|
|
3,180 |
|
Amortization of intangible assets |
|
1,128 |
|
|
1,099 |
|
|
1,156 |
|
|
179 |
|
|
3,285 |
|
|
3,346 |
|
|
519 |
|
EBITDA |
|
(28,823 |
) |
|
(18,926 |
) |
|
(25,393 |
) |
|
(3,941 |
) |
|
(93,532 |
) |
|
(74,242 |
) |
|
(11,522 |
) |
Add: |
|
|
|
|
|
|
|
|
|
Share-based compensation |
|
6,835 |
|
|
7,528 |
|
|
7,754 |
|
|
1,203 |
|
|
22,946 |
|
|
26,790 |
|
|
4,158 |
|
Impairment of long-term investment |
|
- |
|
|
- |
|
|
2,588 |
|
|
402 |
|
|
- |
|
|
2,588 |
|
|
402 |
|
Change in fair value of foreign currency swap contract |
|
- |
|
|
(1,905 |
) |
|
(1,019 |
) |
|
(158 |
) |
|
- |
|
|
(2,924 |
) |
|
(454 |
) |
Adjusted EBITDA |
|
(21,988 |
) |
|
(13,303 |
) |
|
(16,070 |
) |
|
(2,494 |
) |
|
(70,586 |
) |
|
(47,788 |
) |
|
(7,416 |
) |
AURORA MOBILE LIMITED
UNAUDITED SAAS BUSINESSES
REVENUE
(Amounts in thousands of Renminbi (“RMB”)
and US dollars (“US$”))
|
|
Three months ended |
|
Nine months ended |
|
|
September 30, |
June 30, |
September 30, |
|
September 30, |
September 30, |
|
2020 |
|
2021 |
|
2021 |
|
2020 |
|
2021 |
|
|
RMB |
RMB |
RMB |
US$ |
|
RMB |
RMB |
US$ |
Reconciliation of SAAS
BusinessesRevenue to Total Revenue |
|
|
|
|
|
|
|
|
|
Developer Services |
|
43,709 |
|
61,168 |
|
64,677 |
|
10,038 |
|
120,925 |
|
178,285 |
|
27,669 |
Subscription |
|
30,160 |
|
37,538 |
|
39,773 |
|
6,173 |
|
85,825 |
|
110,987 |
|
17,225 |
Value-Added Services |
|
13,549 |
|
23,630 |
|
24,904 |
|
3,865 |
|
35,100 |
|
67,298 |
|
10,444 |
Vertical
Applications |
|
21,886 |
|
27,793 |
|
25,840 |
|
4,010 |
|
60,406 |
|
77,841 |
|
12,081 |
Total SAAS Businesses
Revenue |
|
65,595 |
|
88,961 |
|
90,517 |
|
14,048 |
|
181,331 |
|
256,126 |
|
39,750 |
Add: |
|
|
|
|
|
|
|
|
|
Targeted Marketing Revenue |
|
43,006 |
|
- |
|
- |
|
- |
|
184,288 |
|
- |
|
- |
Total
Revenue |
|
108,601 |
|
88,961 |
|
90,517 |
|
14,048 |
|
365,619 |
|
256,126 |
|
39,750 |
SAAS Businesses Gross
Profits1 |
|
48,975 |
|
67,375 |
|
67,350 |
|
10,453 |
|
136,172 |
|
192,871 |
|
29,933 |
SAAS Businesses Gross
Margin2 |
|
74.7% |
|
75.7% |
|
74.4% |
|
74.4% |
|
75.1% |
|
75.3% |
|
75.3% |
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. |
Aurora Mobile (NASDAQ:JG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aurora Mobile (NASDAQ:JG)
Historical Stock Chart
From Apr 2023 to Apr 2024