Shares of Ucloudlink Group UCL were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share were up 83.24% year over year to ($0.29), which missed the estimate of ($0.25).
Revenue of $19,240,000 decreased by 8.49% year over year, which beat the estimate of $18,640,000.
Looking Ahead
Q3 revenue expected to be between $19,300,000 and $20,000,000.
Conference Call Details
Date: Aug 25, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/mpvjn6e7
Recent Stock Performance
Company's 52-week high was at $14.70
Company's 52-week low was at $5.72
Price action over last quarter: down 46.21%
Company Description
Ucloudlink Group Inc provides mobile data connectivity and portable WiFi services. The business operates under uCloudlink 1.0, which focuses on cross-border travelers that need mobile data connectivity services across different countries. Under uCloudlink 2.0, provides mobile data connectivity services to local users across different MNOs in a single country.
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