UCloud Technology Third Quarter 2024 Earnings: CN¥0.12 loss per share (vs CN¥0.21 loss in 3Q 2023)

UCloud Technology (SHSE:688158) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥364.1m (up 1.2% from 3Q 2023).
• Net loss: CN¥56.8m (loss narrowed by 41% from 3Q 2023).
• CN¥0.12 loss per share (improved from CN¥0.21 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UCloud Technology Earnings Insights

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China.

Performance of the Chinese IT industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for UCloud Technology (1 is significant) you should be aware of.

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