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Aurora Mobile Limited Announces Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

SHENZHEN, China, March 09, 2023 (GLOBE NEWSWIRE) -- Aurora Mobile Limited (“Aurora Mobile” or the “Company”) (NASDAQ: JG), a leading provider of customer engagement and marketing technology services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022.

Fourth Quarter 2022 Financial Highlights

  • Revenues were RMB86.9 million (US$12.6 million), a decrease of 14% year-over-year.
  • Cost of revenues was RMB27.1 million (US$3.9 million), a decrease of 7% year-over-year.
  • Gross profit was RMB59.8 million (US$8.7 million), a decrease of 17% year-over-year.
  • Total operating expenses were RMB95.4 million (US$13.8 million), an increase of 3% year-over-year.
  • Net loss was RMB31.8 million (US$4.6 million), compared with a net loss of RMB35.6 million for the same quarter last year.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB32.7 million (US$4.7 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB35.6 million for the same quarter last year.
  • Adjusted net loss (non-GAAP) was RMB6.6 million (US$1.0 million), compared with a RMB8.1 million adjusted net loss for the same quarter last year.
  • Adjusted EBITDA (non-GAAP) was a positive RMB0.6 million (US$0.1 million), compared with a positive RMB1.8 million for the same quarter last year.

Fiscal year 2022 Financial Highlights

  • Revenues were RMB328.8 million (US$47.7 million), a decrease of 8% year-over-year.
  • Cost of revenues was RMB103.0 million (US$14.9 million), an increase of 12% year-over-year.
  • Gross profit was RMB225.8 million (US$32.7 million), a decrease of 15% year-over-year.
  • Total operating expenses were RMB357.6 million (US$51.8 million), a decrease of 11% year-over-year.
  • Net loss was RMB107.8 million (US$15.6 million), compared with a net loss of RMB140.6 million in 2021.
  • Net loss attributable to Aurora Mobile Limited’s shareholders was RMB106.3 million (US$15.4 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB140.6 million in 2021.
  • Adjusted net loss (non-GAAP) was RMB55.8 million (US$8.1 million), compared with a RMB86.6 million adjusted net loss in 2021.
  • Adjusted EBITDA (non-GAAP) was a negative RMB22.3 million (US$3.2 million), compared with a negative RMB46.0 million in 2021.

Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “Before looking at the fourth quarter financial results, I would like to reflect upon our journey in the past couple of years, in a challenging environment caused by pandemic. We started afresh as a pure SAAS business in Q1’2021, and amidst the transition period, we didn’t stop innovating and harnessing our core business line, Developer Services. With economic uncertainty going globally, in mid-2021 we acted quickly and proactively to make our organization stronger and more efficient by enacting restructuring and strict cost management across the company. We are so glad we made these decisions, and our efforts are reflected in our financial results. Let me share some of the key results with you:

  • Second positive adjusted EBITDA since Q4’2021, at RMB0.6 million
  • All businesses, including Developer Services – Subscription, Value-added Services and Vertical Applications have recorded quarter-over-quarter growth
  • Highest quarterly gross profit in 2022, at RMB59.8 million
  • Lowest adjusted net loss since Q3 of 2019, at RMB6.6 million, improved by 18% year-over-year
  • AR turnover days at 32 days. Lowest since IPO!
  • Total customer number up 70% year-over-year to 4,719

I am thrilled to report renewed growth in Q4’2022. Our adjusted EBITDA was positive for the second quarter since Q4’2021, at RMB0.6 million, significantly improved by RMB7.3 million from negative RMB6.7 million in Q3’2022. Our adjusted net loss was also the lowest since Q3’2019, at RMB6.6 million, improved by 18% year-over-year. Total revenue rose to RMB86.9 million, up 8% quarter-over-quarter, and both Developer Services, our core business, and Vertical Applications have achieved sequential growth. The biggest revenue growth was contributed by Developer Services with the revenues increased by 11% quarter-over-quarter to RMB63.2 million, which was mainly due to the increase in both Subscription Services and Value-added Services. Year-over-year, Developer Services revenues decreased by 15% mainly due to the weakness in Value-added-Services, offset by the growth in Subscription Services.

Subscription Services revenues were RMB46.3 million, up 11% quarter-over-quarter and up 4% year-over-year. Subscription services, our core business line, include JPUSH, Analytics, UMS and other products and services that help APP developers and enterprises to improve operational efficiency. Our private cloud service revenue increase has contributed to the Subscription revenue growth, and we were able to bring many renowned customers on-board.

During Q4’2022, we already saw some growth in our Value-added Services revenue which is a good indicator of overall reviving consumer activities. The Value-added Services revenue increased quarter-over-quarter by 10%, and it was the first sequential growth in 2022, a major positive sign for us. Year-over-year revenues were down 44% to RMB16.9 million and we expect the year-over-year growth trend will continue to recover in 2023. For our Adpub that was launched back in Q2’2022, we are seeing more and more interest from various Apps. Over 10 million DAUs joined our platform by the end of this quarter, a growth in DAUs of over 300%!

Another exciting news which also marks a major milestone for us, is our pioneer work in integrating the ChatGPT’s technology in our JPush, our push notification solution and in our email and SMS service platform. Today AI has become the cornerstone of many products and services, and it is very important for us to be one of the first movers in applying AI technology. Our proactive integration of interactive language model technology and AIGC really give us the edge and a great opportunity to make our products smarter, further benefiting all our customers. In addition, we have recently become one of the first ecosystem partners of ERNIE Bot, a generative AI chatbot developed by Baidu. We will access ERNIE Bot and apply Baidu’s leading intelligent dialogue technology in our customer engagement and marketing technology services. This initiative is an additional step in our implementation of our AI-driven strategy with the support and empowerment of leading AI chatbot technologies.”

Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “With our relentless effort in developing our core Developer Services, we see a very promising recovering trend in Q4’2022 and going forward. And not only in Developer Services but we have also seen sequential growth in Vertical Applications revenues, especially in Market Intelligence.

Our Market Intelligence services delivered strong revenue growth, up 16% quarter-over-quarter and 27% year-over-year to RMB10.4 million. During this quarter, our revenue increased as a result of recovery in customers’ spending and the addition of many well-known and sizable new clients. In the Financial Risk Management segment, revenues decreased by 14% quarter-over-quarter to RMB12.4 million and decreased by 25% year-over-year. The decrease in Financial Risk Management revenue was due to many of our customers’ consumption were impacted by the COVID outbreak in November to December last year.

Our strategy of active and stringent cost management proved very wise, and our quick action helps us to maintain as a nimble organization. We had another historically low quarter in terms of operating expenses excluding the non-cash impairment loss of long-lived assets, at RMB73.0 million, down 21% year-over-year.

In addition, the AR turnover days decreased from 38 days in Q3’2022 to 32 days, which is the lowest AR turnover days since IPO!

Total Deferred Revenue, which represents cash collected in advance from customers for future contract performance, recorded another highest balance in the history of the Company at RMB142.4 million. In addition, this quarter also marks the 7th quarter where the deferred revenue has continuous sequential growth which is another great source of cash inflow for us in such a challenging time. Healthy cash flow aside, the level of Deferred Revenue also signifies that our business is in great shape.”

Fourth Quarter 2022 Financial Results

Revenues were RMB86.9 million (US$12.6 million), a decrease of 14% from RMB101.2 million in the same quarter of last year, mainly due to the impact of COVID-19 on overall macroeconomic conditions.

Cost of revenues was RMB27.1 million (US$3.9 million), a decrease of 7% from RMB29.1 million in the same quarter of last year. The decrease was mainly due to a RMB5.8 million decrease in media cost, and offset by a RMB1.8 million increase in short message cost and a RMB1.0 million increase in technical service cost.

Gross profit was RMB59.8 million (US$8.7 million), a decrease of 17% from RMB72.1 million in the same quarter of last year.

Total operating expenses were RMB95.4 million (US$13.8 million), an increase of 3% from RMB92.5 million in the same quarter of last year.

  • Research and development expenses were RMB35.0 million (US$5.1 million), a decrease of 22% from RMB45.0 million in the same quarter of last year, mainly due to a RMB4.9 million decrease in personnel costs, a RMB1.9 million decrease in cloud cost, and a RMB1.4 million decrease in depreciation expense.
  • Sales and marketing expenses were RMB24.5 million (US$3.5 million), a decrease of 26% from RMB33.2 million in the same quarter of last year, mainly due to a RMB6.8 million decrease in personnel costs and a RMB1.3 million decrease in marketing expense.
  • General and administrative expenses were RMB35.9 million (US$5.2 million), an increase of 149% from RMB14.4 million in the same quarter of last year, mainly due to a RMB22.4 million increase in long-lived assets impairment due to a one time cost for the “Going Cloud” project.

Loss from operations was RMB35.6 million (US$5.2 million), compared with RMB20.5 million in the same quarter of last year.

Net Loss was RMB31.8 million (US$4.6 million), compared with RMB35.6 million in the same quarter of last year.

Adjusted net loss (non-GAAP) was RMB6.6 million (US$1.0 million), compared with RMB8.1 million in the same quarter of last year.

Adjusted EBITDA (non-GAAP) was a positive RMB0.6 million (US$0.1 million) compared with a positive RMB1.8 million for the same quarter of last year.

The cash and cash equivalents, restricted cash and short-term investments were RMB116.3 million (US$16.9 million) as of December 31, 2022 compared with RMB284.6 million as of December 31, 2021. The decrease was primarily due to the short-term bank loan of RMB150.0 million was fully repaid in April 2022.

Fiscal year 2022 Financial Results

Revenues were RMB328.8 million (US$47.7 million), a decrease of 8% from RMB357.3 million in 2021, mainly due to the impact of COVID-19 on overall macroeconomic conditions.

Cost of revenues was RMB103.0 million (US$14.9 million), an increase of 12% from RMB92.4 million in 2021. The increase was mainly due to the increase in media cost of RMB9.0 million.

Gross profit was RMB225.8 million (US$32.7 million), a decrease of 15% from RMB264.9 million in 2021.

Total operating expenses were RMB357.6 million (US$51.8 million), a decrease of 11% from RMB403.1 million in last year.

  • Research and development expenses were RMB154.1 million (US$22.3 million), a decrease of 25% from RMB206.7 million in last year, mainly due to a RMB33.2 million decrease in personnel costs, a RMB7.3 million decrease in technical service fee, a RMB3.7 million decrease in cloud cost, and a RMB3.1 million decrease in depreciation expense.
  • Sales and marketing expenses were RMB98.3 million (US$14.2 million), a decrease of 16% from RMB116.4 million in last year, mainly due to a RMB10.4 million decrease in personnel costs and a RMB6.4 million decrease in marketing expense.
  • General and administrative expenses were RMB105.3 million (US$15.3 million), an increase of 32% from RMB79.9 million in last year, mainly due to a RMB22.4 million increase in long-lived assets impairment due to a one time cost for the “Going Cloud” project.

Loss from operations was RMB131.8 million (US$19.1 million), compared with RMB138.1 million in 2021.

Net Loss was RMB107.8 million (US$15.6 million), compared with RMB140.6 million in 2021.

Adjusted net loss (non-GAAP) was RMB55.8 million (US$8.1 million), compared with RMB86.6 million in 2021.

Adjusted EBITDA (non-GAAP) was a negative RMB22.3 million (US$3.2 million) compared with a negative RMB46.0 million in 2021.

Update on Share Repurchase

As of December 31, 2022, the Company had repurchased a total of 1,194,075 ADS, of which 246,326 ADSs, or around US$223.1 thousand were repurchased during the fourth quarter in 2022 at the average purchase price of US$0.91.

Conference Call

The Company will host an earnings conference call on Thursday, March 9, 2023 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing time on the same day).

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://register.vevent.com/register/BI40e0b150176844aea7da3e1ed87f1f98

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, reduction in force charges, impairment of long-lived assets, 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, amortization of land use right, income tax expenses/(benefits), share-based compensation, reduction in force charges, impairment of long-lived assets, 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 to 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 provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises' digital transformation.

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: eric.yuan@christensencomms.com

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: linda.bergkamp@christensencomms.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 RMB6.8972 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 December 30, 2022.

 
 
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”), except for number of shares and per share data)
               
  Three months ended Twelve months ended
  December 31,
2021
 September 30,
2022
 December 31,
2022
 December 31,
2021
 December 31,
2022
  RMB RMB RMB US$ RMB RMB US$
               
Revenues 101,196  80,431  86,914  12,601  357,322  328,822  47,675 
Cost of revenues (29,138) (26,403) (27,118) (3,932) (92,393) (103,022) (14,937)
Gross profit 72,058  54,028  59,796  8,669  264,929  225,800  32,738 
Operating expenses              
Research and development (44,992) (38,275) (35,009) (5,076) (206,722) (154,056) (22,336)
Sales and marketing (33,153) (24,178) (24,480) (3,549) (116,415) (98,267) (14,247)
General and administrative (14,399) (17,569) (35,893) (5,204) (79,922) (105,259) (15,261)
Total operating expenses (92,544) (80,022) (95,382) (13,829) (403,059) (357,582) (51,844)
Loss from operations (20,486) (25,994) (35,586) (5,160) (138,130) (131,782) (19,106)
Foreign exchange (loss)/gain, net (2,407) (449) 847  123  (3,376) (2,866) (416)
Interest income 1,599  276  406  59  6,597  2,321  337 
Interest expenses (1,901) (194) (321) (47) (8,815) (3,136) (455)
Other (loss)/ income (15,499) 5,479  2,308  335  (2,908) 26,318  3,816 
Change in fair value of structured deposits -  49  7  1  20  59  9 
Change in fair value of foreign currency swap contract 3,136  -  74  11  6,060  838  121 
Loss before income taxes (35,558) (20,833) (32,265) (4,678) (140,552) (108,248) (15,694)
Income tax (expenses)/ benefits (21) 110  480  70  (32) 455  66 
Net loss (35,579) (20,723) (31,785) (4,608) (140,584) (107,793) (15,628)
Less: net (loss)/income attributable to redeemable noncontrolling interests -  (296) 871  126  -  (1,486) (215)
Net loss attributable to Aurora Mobile Limited’s shareholders  (35,579) (20,427) (32,656) (4,734) (140,584) (106,307) (15,413)
Net loss attributable to common shareholders (35,579) (20,427) (32,656) (4,734) (140,584) (106,307) (15,413)
Net loss per share, for Class A and Class B common shares:              
Class A and B Common Shares - basic and diluted (0.45) (0.26) (0.41) (0.06) (1.78) (1.34) (0.19)
Shares used in net loss per share computation:              
Class A Common Shares - basic and diluted 61,990,190  62,306,416  62,674,291  62,674,291  61,809,501  62,296,172  62,296,172 
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 1,278  3,472  (1,447) (210) 1,638  5,853  849 
Total other comprehensive income/(loss), net of tax 1,278  3,472  (1,447) (210) 1,638  5,853  849 
Total comprehensive loss (34,301) (17,251) (33,232) (4,818) (138,946) (101,940) (14,779)
Less: comprehensive (loss)/income attributable to redeemable noncontrolling interests -  (296) 871  126  -  (1,486) (215)
Comprehensive loss attributable to Aurora Mobile Limited’s shareholders (34,301) (16,955) (34,103) (4,944) (138,946) (100,454) (14,564)
               


 
AURORA MOBILE LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
       
  As of
  December 31, 2021 December 31, 2022
  RMB RMB US$
ASSETS      
Current assets:      
Cash and cash equivalents 90,552  116,128  16,837 
Restricted cash 164,030  132  19 
Derivative assets 5,989  -  - 
Short-term investments 30,000  -  - 
Accounts receivable 43,860  29,727  4,310 
Prepayments and other current assets 46,670  30,421  4,410 
Amounts due from a related party 35  255  37 
Total current assets 381,136  176,663  25,613 
Non-current assets:      
Long-term investments 141,926  141,901  20,574 
Property and equipment, net 62,179  14,947  2,167 
Intangible assets, net 5,398  23,947  3,472 
Land use right -  21,560  3,126 
Goodwill -  37,785  5,478 
Other non-current assets 4,898  4,128  599 
Total non-current assets 214,401  244,268  35,416 
Total assets 595,537  420,931  61,029 
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY      
Current liabilities:      
Short-term loan 150,000  5,000  725 
Accounts payable 18,292  18,169  2,634 
Deferred revenue and customer deposits 119,991  138,804  20,125 
Accrued liabilities and other current liabilities 85,305  87,592  12,700 
Amounts due to a related party 54  -  - 
Total current liabilities 373,642  249,565  36,184 
Non-current liabilities:      
Deferred revenue 3,845  3,585  520 
Deferred tax liabilities -  4,824  699 
Other non-current liabilities 2,607  4,058  588 
Total non-current liabilities 6,452  12,467  1,807 
Total liabilities 380,094  262,032  37,991 
Redeemable noncontrolling interests -  30,552  4,430 
Shareholders’ equity:      
Common shares 49  50  7 
Treasury shares -  (1,689) (245)
Additional paid-in capital 1,021,961  1,037,007  150,352 
Accumulated deficit (819,018) (925,325) (134,160)
Accumulated other comprehensive income 12,451  18,304  2,654 
Total shareholders’ equity 215,443  128,347  18,608 
Total liabilities, redeemable noncontrolling interests and shareholders’ equity 595,537  420,931  61,029 
       


 
AURORA MOBILE LIMITED
RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
               
  Three months ended Twelve months ended
  December 31,
2021
 September 30,
2022
 December 31,
2022
 December 31,
2021
 December 31,
2022
  RMB RMB RMB US$ RMB RMB US$
Reconciliation of Net Loss to Adjusted Net Loss:              
Net loss (35,579) (20,723) (31,785) (4,608) (140,584) (107,793) (15,628)
Add:              
Share-based compensation 3,422  4,470  861  125  30,212  15,515  2,249 
Reduction in force charges 3,917  1,712  1,584  230  3,917  7,487  1,086 
Impairment of long-term investment 23,310  -  415  60  25,898  7,431  1,077 
Impairment of long-lived assets -  -  22,400  3,248  -  22,400  3,248 
Change in fair value of foreign currency swap contract (3,136) -  (74) (11) (6,060) (838) (121)
Adjusted net loss (8,066) (14,541) (6,599) (956) (86,617) (55,798) (8,089)
Reconciliation of Net Loss to Adjusted EBITDA:              
Net loss (35,579) (20,723) (31,785) (4,608) (140,584) (107,793) (15,628)
Add:              
Income tax expenses/ (benefits) 21  (110) (480) (70) 32  (455) (66)
Interest expenses 1,901  194  321  47  8,815  3,136  455 
Depreciation of property and equipment 6,845  5,868  5,517  800  27,337  24,371  3,533 
Amortization of intangible assets 1,135  1,665  1,631  236  4,481  6,043  876 
Amortization of land use right -  183  183  27  -  366  53 
EBITDA (25,677) (12,923) (24,613) (3,568) (99,919) (74,332) (10,777)
Add:              
Share-based compensation 3,422  4,470  861  125  30,212  15,515  2,249 
Reduction in force charges 3,917  1,712  1,584  230  3,917  7,487  1,086 
Impairment of long-term investment 23,310  -  415  60  25,898  7,431  1,077 
Impairment of long-lived assets -  -  22,400  3,248  -  22,400  3,248 
Change in fair value of foreign currency swap contract (3,136) -  (74) (11) (6,060) (838) (121)
Adjusted EBITDA 1,836  (6,741) 573  84  (45,952) (22,337) (3,238)
               


 
AURORA MOBILE LIMITED
UNAUDITED SAAS BUSINESSES REVENUE
(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))
               
               
  Three months ended Twelve months ended
  December 31,
2021
 September 30,
2022
 December 31,
2022
 December 31,
2021
 December 31,
2022
  RMB RMB RMB US$ RMB RMB US$
               
Developer Services 74,574  57,003  63,222  9,166  252,859  235,231  34,106 
   Subscription 44,407  41,692  46,331  6,717  155,394  160,722  23,303 
   Value-Added Services 30,167  15,311  16,891  2,449  97,465  74,509  10,803 
Vertical Applications 26,622  23,428  23,692  3,435  104,463  93,591  13,569 
Total Revenue 101,196  80,431  86,914  12,601  357,322  328,822  47,675 
Gross Profits 72,058  54,028  59,796  8,669  264,929  225,800  32,738 
Gross Margin 71.2% 67.2% 68.8% 68.8% 74.1% 68.7% 68.7%
               

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