UCloud Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:35 am EDT
Share
UCloud Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 527.96 million compared to CNY 710.86 million a year ago. Revenue was CNY 527.96 million compared to CNY 710.86 million a year ago. Net loss was CNY 141.4 million compared to CNY 131.52 million a year ago. Basic loss per share from continuing operations was CNY 0.33 compared to CNY 0.31 a year ago. Diluted loss per share from continuing operations was CNY 0.33 compared to CNY 0.31 a year ago.
UCloud Technology Co Ltd is a China-based company mainly engaged in providing third-party cloud computing services. The Company develops and provides basic resources such as computing, network, and storage, basic Internet technology architecture products built on these basic resources, as well as products such as big data and artificial intelligence products. The Company mainly provides services to users through three modes: public cloud, private cloud and hybrid cloud. The Company customers include Internet companies in interactive entertainment, mobile Internet and enterprise service fields, as well as companies in traditional industries such as finance, education institutions, new retail and smart manufacturing. The Company distributes its products within domestic market and to overseas markets.
UCLOUD TECHNOLOGY CO., LTD. 
