Aurora Mobile Limited
Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2022

Commission File Number: 001-38587

 

 

Aurora Mobile Limited

 

 

14/F, China Certification and Inspection Building

No. 8, Keji South 12th Road, Nanshan District

Shenzhen, Guangdong 518057

People’s Republic of China

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Aurora Mobile Limited Announces Second Quarter 2022 Unaudited Financial Results


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

AURORA MOBILE LIMITED
By :  

/s/ Shan-Nen Bong

Name:   Shan-Nen Bong
Title :   Chief Financial Officer

Date: September 15, 2022

EX-99.1

Exhibit 99.1

Aurora Mobile Limited Announces Second Quarter 2022

Unaudited Financial Results

SHENZHEN, CHINA, September 15, 2022 – 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 second quarter ended June 30, 2022.

Second Quarter 2022 Financial Highlights

 

   

Revenues were RMB76.1 million (US$11.4 million), a decrease of 14% year-over-year.

 

   

Cost of revenues was RMB22.7 million (US$3.4 million), an increase of 5% year-over-year.

 

   

Gross profit was RMB53.5 million (US$8.0 million), a decrease of 21% year-over-year.

 

   

Total operating expenses were RMB87.7 million (US$13.1 million), a decrease of 17% year-over-year.

 

   

Net loss was RMB24.4 million (US$3.6 million), compared with a net loss of RMB29.3 million for the same quarter last year.

 

   

Net loss attributable to Aurora Mobile Limited’s shareholders was RMB23.4 million (US$3.5 million), compared with a net loss attributable to Aurora Mobile Limited’s shareholders of RMB29.3 million for the same quarter last year.

 

   

Adjusted net loss (non-GAAP) was RMB16.9 million (US$2.5 million), compared with a RMB23.6 million adjusted net loss for the same quarter last year.

 

   

Adjusted EBITDA (non-GAAP) was a negative RMB8.0 million (US$1.2 million), compared with a negative RMB13.3 million for the same quarter last year.

Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “Our Q2 results were largely conditioned by the turbulence from the impact of the widespread resurgence of COVID-19. And we have taken necessary steps and initiatives to proactively address obstacles and strengthen our management and operational capabilities to navigate through these tough times. Continuing the effort started in Q1’2022, we have shaved off more operating expenses and, we further reduced salary cost as we streamlined our workforce. In addition, we closely and thoroughly looked at every single expense and made conscious efforts to search for better deals or replace new vendors to reduce the expense level.

At this juncture, I would like to take a moment to thank everyone in our Company for their contribution in these important cost-cutting initiatives. All these efforts have been positively reflected in the Q2’2022 financial performance. Here are the highlights of our important achievements:

 

   

Lowest operating expenses for the past 14 quarters since Q1’2019, at RMB87.7 million, down 17% year-over-year

 

   

Lowest net loss since Q3’2019, at RMB24.4 million, narrowed down 17% year-over-year

 

   

Highest level of net cash inflow from operating activities since Q4’2020

 

   

Adjusted EBITDA at negative RMB8.0 million, significantly improved by 40% year-over-year

 

   

Total customer number up 79% year-over-year to 4,709

 

1


In Q2’2022, our Developer Services revenues were down 10% year-over-year to RMB55.2 million, which was mainly due to the decrease from Value-added Services. Subscription Services revenues were RMB38.3 million, up 2% year-over-year. Our Subscription Services, which include JPUSH, Analytics, UMS and others, are products and services that help APP developers and enterprises to improve their operational efficiency. Demand for our Subscription Services is relatively strong and less impacted by the general sentiment of the macro-economy.

One key milestone in Subscription Services that I would like to share with you is our overseas business expansion. In Q2’2022, our overseas email deliveries surpassed those in Mainland China. This is a great testament to the quality of our products and services, along with our ability to expand our businesses beyond our shores. We do see overseas expansion as one of our next key growth drivers.

To enable our customers going global to access more overseas messaging channels, in August we signed a cooperation agreement with WhatsApp, the world’s leading private messaging giant. Under this collaboration, WhatsApp is now embedded as one of the channels within our Overseas Messaging Cloud Solution which was created to empower Chinese enterprises to expand in overseas markets with omni-channel intelligent messaging services.

Although our Value-added Services revenue took a hit in Q2’2022, we are seeing some encouraging signs from the AD Mediation Platform. Since the launch of our AD Mediation Platform in the beginning of June, over 2 million daily active users (DAUs) and more than 20 APPs have joined our platform, with more than 150 APPs in the pipeline. Our AD Mediation Platform enables one-stop SDK-based access to mainstream ad platforms such as csjplatform.com, Tencent Youlianghui, and Kuaishou, and at the same time it can also quickly access more than 70 other high-return demand-side platforms (DSPs).

I am also very excited to share some updates from our core product, JPUSH. With our new customer management feature for VIP push customers, users now can easily select target users and send promotional and customized push messages to their end users without having to go through the software coding process. According to various research reports, click rate will largely improve when sending the dynamic and customized campaign push messages to end users.

As you see, we were very productive this quarter and made the necessary product improvements and innovations despite the tough business conditions. We believe that only when we have superior products that markets demand can we continue to strive and come back even stronger after the current slowdown. I am confident that we are fully equipped and ready for the tides to turn.”

Mr. Shan-Nen Bong, Chief Financial Officer of Aurora Mobile, added, “Vertical Applications revenue decreased by 25% year-over-year mainly due to the impact of COVID-19 which resulted in a dip in demand and logistical obstacles in contract signing.

Financial Risk Management Service and Market Intelligence Service (which are the components within Vertical Applications), each services’ revenue decreased by 22% and 9%, year-over-year to RMB12.0 million and RMB7.3 million, respectively, mainly due to 1) the slow-down in the economy which resulted in lower demand for our services; 2) delays in contract signing as several major cities were locked down. We were simply not able to mail or deliver contracts to customers for their execution. Nevertheless, some existing key account customers in both services continued their consumption of our services during the quarter.

We have yielded some of the best results since Q1’2021 as a result of our effective cost control initiatives. Operating expenses decreased by an impressive 17% year-over-year to RMB87.7 million and that is the lowest operating expense since Q1’2019. All 3 components within the operating expense category have recorded year-over-year reductions.

 

2


Adjusted EBITDA (calculated as EBITDA excluding Share-based Compensation, reduction in force charges, impairment of long-term investment and change in fair value of foreign currency swap contracts), improved 40% year-over-year and 2% quarter-over-quarter respectively, to negative RMB8.0 million.

AR turnover days has remained stable at 46 days this quarter compared to 46 days last quarter. Our disciplined accounting policy and cash collecting efforts ensure a timely collection of our accounts receivables.

Finally, the total Deferred Revenue balance, which represents cash collected in advance from customers, exceeded RMB100 million at quarter-end for the 9th consecutive quarter. As of June 30, 2022, the total deferred revenue balance was at the historical high of RMB137.7 million.”

Second Quarter 2022 Financial Results

Revenues were RMB76.1 million (US$11.4 million), a decrease of 14% from RMB89.0 million in the same quarter of last year, mainly due to the impact of COVID-19 on overall macroeconomic conditions.

Cost of revenues was RMB22.7 million (US$3.4 million), an increase of 5% from RMB21.6 million in the same quarter of last year. The increase was mainly due to the increase in short message cost of RMB1.4 million.

Gross profit was RMB53.5 million (US$8.0 million), a decrease of 21% from RMB67.4 million in the same quarter of last year.

Total operating expenses were RMB87.7 million (US$13.1 million), a decrease of 17% from RMB105.3 million in the same quarter of last year.

 

   

Research and development expenses were RMB40.8 million (US$6.1 million), a decrease of 25% from RMB54.3 million in the same quarter of last year, mainly due to a RMB8.6 million decrease in personnel costs, a RMB1.6 million decrease in technical service fee, a RMB1.3 million decrease in cloud cost, and a RMB0.8 million decrease in depreciation expense.

 

   

Sales and marketing expenses were RMB23.3 million (US$3.5 million), a decrease of 14% from RMB27.0 million in the same quarter of last year, mainly due to a RMB1.9 million decrease in personnel costs and a RMB1.5 million decrease in marketing expense.

 

   

General and administrative expenses were RMB23.6 million (US$3.5 million), a slight decrease of 1% from RMB23.9 million in the same quarter of last year, mainly due to the net effect of a RMB3.1 million decrease in personnel costs and a RMB2.6 million increase in professional fee.

Loss from operations was RMB34.2 million (US$5.1 million), compared with RMB37.9 million in the same quarter of last year.

Net Loss was RMB24.4 million (US$3.6 million), compared with RMB29.3 million in the same quarter of last year.

Adjusted net loss (non-GAAP) was RMB16.9 million (US$2.5 million), compared with RMB23.6 million in the same quarter of last year.

Adjusted EBITDA (non-GAAP) was a negative RMB8.0 million (US$1.2 million) compared with a negative RMB13.3 million for the same quarter of last year.

 

3


The cash and cash equivalents, restricted cash and short-term investments were RMB112.0 million (US$16.7 million) as of June 30, 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.

Business Outlook

Based on the current information, we anticipate that the Developer Services—Subscription Services revenue for Q3’2022 to achieve close to double digit growth both quarter-over-quarter and year-over-year. For Vertical Applications revenue, we are also expecting solid quarter over quarter growth. For Value-added Services, which we have mentioned earlier, the overall market will take time to stabilize before the revenue can return to the historical level. With the anticipated growth in revenue and conscious cost spending, barring any unforeseen events, we are looking to achieve a break-even Adjusted EBITDA balance for Q4’2022.

Please note that, 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 June 30, 2022, the Company had repurchased a total of 920,606 ADS. No ADS were repurchased during the second quarter in 2022.

Conference Call

The Company will host an earnings conference call on Thursday, September 15, 2022 at 7:30 a.m. U.S. Eastern Time (7:30 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://register.vevent.com/register/BIef3833e54b5e41f58d571f9285679b5d

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-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/(benefits), share-based compensation, reduction in force charges, 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.

 

4


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 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.

 

5


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 RMB6.6981 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 June 30, 2022.

 

6


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     Six months ended  
    June 30,
2021
    March 31,
2022
    June 30,
2022
    June 30,
2021
    June 30,
2022
 
    RMB     RMB     RMB     US$     RMB     RMB     US$  

Revenues

    88,961       85,330       76,147       11,368       165,609       161,477       24,108  

Cost of revenues

    (21,586     (26,828     (22,673     (3,385     (40,088     (49,501     (7,390
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

    67,375       58,502       53,474       7,983       125,521       111,976       16,718  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating expenses

             

Research and development

    (54,312     (39,978     (40,794     (6,090     (106,219     (80,772     (12,059

Sales and marketing

    (27,020     (26,283     (23,326     (3,482     (53,904     (49,609     (7,406

General and administrative

    (23,942     (28,196     (23,601     (3,524     (46,692     (51,797     (7,734
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total operating expenses

    (105,274     (94,457     (87,721     (13,096     (206,815     (182,178     (27,199
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss from operations

    (37,899     (35,955     (34,247     (5,113     (81,294     (70,202     (10,481
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Foreign exchange loss, net

    (1,500     (597     (2,667     (398     (1,504     (3,264     (488

Interest income

    1,742       1,251       388       58       3,330       1,639       245  

Interest expenses

    (2,204     (1,846     (775     (116     (4,978     (2,621     (391

Other income

    8,699       4,805       13,726       2,049       13,098       18,531       2,767  

Change in fair value of structured deposits

    —         —         3       —         20       3       —    

Change in fair value of foreign currency swap contract

    1,905       1,441       (677     (101     1,905       764       114  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Loss before income taxes

    (29,257     (30,901     (24,249     (3,621     (69,423     (55,150     (8,234
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income tax (expenses)/ benefits

    (11     4       (139     (21     (11     (135     (20
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

    (29,268     (30,897     (24,388     (3,642     (69,434     (55,285     (8,254
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: net loss attributable to redeemable noncontrolling interests

    —         (1,089     (972     (145     —         (2,061     (308

Net loss attributable to Aurora Mobile Limited’s shareholders

    (29,268     (29,808     (23,416     (3,497     (69,434     (53,224     (7,946
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common shareholders

    (29,268     (29,808     (23,416     (3,497     (69,434     (53,224     (7,946
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share, for Class A and Class B common shares:

             

Class A and B Common Shares - basic and diluted

    (0.37     (0.38     (0.30     (0.04     (0.88     (0.67     (0.10

Shares used in net loss per share computation:

             

Class A Common Shares - basic and diluted

    61,799,298       62,058,860       62,138,645       62,138,645       61,668,577       62,098,973       62,098,973  

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

             

Foreign currency translation adjustments

    1,188       309       3,519       525       654       3,828       572  

Total other comprehensive income, net of tax

    1,188       309       3,519       525       654       3,828       572  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive loss

    (28,080     (30,588     (20,869     (3,117     (68,780     (51,457     (7,682
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Less: comprehensive loss attributable to noncontrolling interests

    —         (1,089     (972     (145     —         (2,061     (308

Comprehensive loss attributable to Aurora Mobile Limited’s shareholders

    (28,080     (29,499     (19,897     (2,972     (68,780     (49,396     (7,374
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

7


AURORA MOBILE LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

 

     As of  
     December 31, 2021     June 30, 2022  
     RMB     RMB     US$  

ASSETS

      

Current assets:

      

Cash and cash equivalents

     90,552       91,844       13,712  

Restricted cash

     164,030       137       20  

Derivative assets

     5,989       3       —    

Short-term investments

     30,000       20,000       2,986  

Accounts receivable

     43,860       35,138       5,246  

Prepayments and other current assets

     46,670       34,238       5,112  

Amounts due from a related party

     35       —         —    
  

 

 

   

 

 

   

 

 

 

Total current assets

     381,136       181,360       27,076  
  

 

 

   

 

 

   

 

 

 

Non-current assets:

      

Long-term investments

     141,926       140,015       20,904  

Property and equipment, net

     62,179       49,267       7,355  

Intangible assets, net

     5,398       26,809       4,002  

Goodwill

     —         37,785       5,641  

Other non-current assets

     4,898       13,476       2,012  
  

 

 

   

 

 

   

 

 

 

Total non-current assets

     214,401       267,352       39,914  
  

 

 

   

 

 

   

 

 

 

Total assets

     595,537       448,712       66,990  
  

 

 

   

 

 

   

 

 

 

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND SHAREHOLDERS’ EQUITY

      

Current liabilities:

      

Short-term loan

     150,000       —         —    

Accounts payable

     18,292       19,190       2,865  

Deferred revenue and customer deposits

     119,991       129,720       19,367  

Accrued liabilities and other current liabilities

     85,305       78,240       11,681  

Amounts due to a related party

     54       66       10  
  

 

 

   

 

 

   

 

 

 

Total current liabilities

     373,642       227,216       33,923  
  

 

 

   

 

 

   

 

 

 

Non-current liabilities:

      

Deferred revenue

     3,845       8,027       1,198  

Deferred tax liabilities

     —         5,097       761  

Other non-current liabilities

     2,607       2,734       408  
  

 

 

   

 

 

   

 

 

 

Total non-current liabilities

     6,452       15,858       2,367  
  

 

 

   

 

 

   

 

 

 

Total liabilities

     380,094       243,074       36,290  
  

 

 

   

 

 

   

 

 

 

Redeemable noncontrolling interests

     —         31,582       4,715  
  

 

 

   

 

 

   

 

 

 

Shareholders’ equity:

      

Common shares

     49       49       7  

Additional paid-in capital

     1,021,961       1,029,970       153,770  

Accumulated deficit

     (819,018     (872,242     (130,222

Accumulated other comprehensive income

     12,451       16,279       2,430  
  

 

 

   

 

 

   

 

 

 

Total shareholders’ equity

     215,443       174,056       25,985  
  

 

 

   

 

 

   

 

 

 

Total liabilities, redeemable noncontrolling interests and shareholders’ equity

     595,537       448,712       66,990  
  

 

 

   

 

 

   

 

 

 

 

8


AURORA MOBILE LIMITED

RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

 

     Three months ended     Six months ended  
     June 30,
2021
    March 31,
2022
    June 30,
2022
    June 30,
2021
    June 30,
2022
 
     RMB     RMB     RMB     US$     RMB     RMB     US$  

Reconciliation of Net Loss to Adjusted Net Loss:

              

Net loss

     (29,268     (30,897     (24,388     (3,642     (69,434     (55,285     (8,254

Add:

              

Share-based compensation

     7,528       3,392       6,792       1,014       19,036       10,184       1,520  

Reduction in force charges

     —         4,191       —         —         —         4,191       626  

Impairment of long-term investment

     —         7,016       —         —         —         7,016       1,047  

Change in fair value of foreign currency swap contract

     (1,905     (1,441     677       101       (1,905     (764     (114
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted net loss

     (23,645     (17,739     (16,919     (2,527     (52,303     (34,658     (5,175
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Reconciliation of Net Loss to Adjusted EBITDA:

              

Net loss

     (29,268     (30,897     (24,388     (3,642     (69,434     (55,285     (8,254

Add:

              

Income tax expenses/ (benefits)

     11       (4     139       21       11       135       20  

Interest expenses

     2,204       1,846       775       116       4,978       2,621       391  

Depreciation of property and equipment

     7,028       6,636       6,350       948       13,406       12,986       1,939  

Amortization of intangible assets

     1,099       1,076       1,671       249       2,190       2,747       410  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

EBITDA

     (18,926     (21,343     (15,453     (2,308     (48,849     (36,796     (5,494

Add:

              

Share-based compensation

     7,528       3,392       6,792       1,014       19,036       10,184       1,520  

Reduction in force charges

     —         4,191       —         —         —         4,191       626  

Impairment of long-term investment

     —         7,016       —         —         —         7,016       1,047  

Change in fair value of foreign currency swap contract

     (1,905     (1,441     677       101       (1,905     (764     (114
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Adjusted EBITDA

     (13,303     (8,185     (7,984     (1,193     (31,718     (16,169     (2,415
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

9


AURORA MOBILE LIMITED

UNAUDITED SAAS BUSINESSES REVENUE

(Amounts in thousands of Renminbi (“RMB”) and US dollars (“US$”))

 

     Three months ended     Six months ended  
     June 30,
2021
    March 31,
2022
    June 30,
2022
    June 30,
2021
    June 30,
2022
 
     RMB     RMB     RMB     US$     RMB     RMB     US$  

Reconciliation of SAAS Businesses Revenue to Total Revenue

              

Developer Services

     61,168       59,757       55,249       8,248       113,608       115,006       17,170  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subscription

     37,538       34,356       38,343       5,724       71,214       72,699       10,854  

Value-Added Services

     23,630       25,401       16,906       2,524       42,394       42,307       6,316  

Vertical Applications

     27,793       25,573       20,898       3,120       52,001       46,471       6,938  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Revenue

     88,961       85,330       76,147       11,368       165,609       161,477       24,108  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Gross Profits

     67,375       58,502       53,474       7,983       125,521       111,976       16,718  

Gross Margin

     75.7     68.6     70.2     70.2     75.8     69.3     69.3

 

10