UCloud: UCloud Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024

UCloud Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 348 million compared to CNY 367.55 million a year ago. Net loss was CNY 61.87 million compared to CNY 94.72 million a year ago. Basic loss per share from continuing operations was CNY 0.14 compared to CNY 0.21 a year ago. Diluted loss per share from continuing operations was CNY 0.14 compared to CNY 0.21 a year ago.