Aurora Mobile Limited Stock Price, News & Analysis

Aurora Mobile Limited (NASDAQ: JG) hosted a forum on data security and governance on September 27, 2020, in Shenzhen, China, together with the CAICT Security Research Institute. Attended by regulatory officials and industry leaders, the event featured discussions on data management and compliance in mobile applications. The CAICT released its 2020 SDK Security and Compliance Blue Book, assessing third-party SDKs and providing best practices for data security. Aurora's practices were highlighted as case studies in the Blue Book, emphasizing the necessity of data compliance in the digital economy.

Aurora Mobile Limited (NASDAQ: JG) announced funding of RMB17.24 million for its deep learning project from the Shenzhen DRC, marking the highest allocation among recipients. This funding supports the development of a big data-powered intelligent recommendation service aimed at enhancing marketing efficiencies for e-commerce and mobile app sectors. Aurora, a leading mobile developer service provider in China, emphasizes product innovation and data security, having recently achieved certifications for SDK security and compliance.

Aurora Mobile Limited (NASDAQ: JG), a premier mobile developer service provider in China, has announced its registration as a provider on the Open:FactSet Marketplace. This partnership aims to enhance the distribution of its unique mobile developer services and data insights. Aurora’s iApp product, which tracks mobile app usage and trends in China, will be featured on the platform, enabling investors to make informed decisions. The company anticipates this collaboration will drive growth as mobile app development and digitalization continue to expand within industries.

Aurora Mobile Limited (NASDAQ: JG) announced its registration as a provider on the Open:FactSet Marketplace. This achievement allows Aurora to enhance the distribution of its mobile developer services and data insights. The company's iApp product provides comprehensive analytics on nearly all mobile applications in China, facilitating investor and company strategies. Alan Wong, Head of Financial Market Products, emphasized the growing mobile app market and the benefits of this collaboration for wider insights into app usage and penetration rates, which are crucial for businesses in China.

Aurora Mobile Limited (NASDAQ: JG) reported its Q2 2020 financial results, highlighting a revenue of RMB130.8 million (US$18.5 million), down 55% year-over-year, but up 4% from Q1. The SaaS Business drove revenue growth with RMB66.5 million, a 35% year-over-year and quarter-over-quarter increase. Gross profit was RMB53.7 million, a 30% increase quarter-over-quarter, leading to a gross margin of 41%, the highest in company history. However, the net loss was RMB40.4 million, an increase from RMB14.2 million last year. Developer Services revenue surged by 127% year-over-year, reflecting strong market demand.

Aurora Mobile Limited (NASDAQ: JG) will release its unaudited financial results for Q2 2020 on September 10, 2020, before U.S. markets open. An earnings conference call will follow at 7:00 a.m. ET. Due to COVID-19, operator-assisted calls are unavailable, and participants must register online in advance. Aurora Mobile, founded in 2011, is a leading mobile developer service provider in China, offering services like push notifications and big data solutions, with a unique device base of approximately 1.36 billion as of March 2020.

Aurora Mobile Limited (NASDAQ:JG) reported Q1 2020 revenues of RMB126.2 million (US$17.8 million), down 45% year-over-year. The company faced a net loss of RMB51.0 million (US$7.2 million), significantly worsening from RMB23.7 million last year. Despite these challenges, the number of active services and paying customers rose to 1.36 billion and 2,211, respectively. Developer Services saw a robust 72% revenue growth, while the company intends to focus more on Value-Added Services. Adjusted EBITDA was negative RMB30.3 million, indicating ongoing operational difficulties.

Aurora Mobile Limited (NASDAQ: JG), a top mobile developer service provider in China, will release its unaudited Q1 2020 financial results on June 11, 2020, before U.S. markets open. Management will host a conference call on the same day at 7:00 a.m. ET. Due to COVID-19, operator-assisted calls are not available; participants must register in advance. With a strong foundation since 2011, Aurora serves around 1.45 million mobile applications and has a monthly active unique device base of 1.36 billion as of December 2019.

Aurora Mobile Limited (NASDAQ: JG) appointed Hon Sang Lee as an independent director effective May 7, 2020, replacing Yi Kuang, who resigned for personal reasons. Mr. Lee will also serve on the audit, compensation, and governance committees. His extensive background includes leadership roles at HP China, Founder Holdings Ltd., and as co-founder of Hinge Software. Aurora Mobile, founded in 2011, is a leading mobile developer service provider in China, with significant data coverage from approximately 1.45 million applications and nearly 1.36 billion unique devices monthly.