UCloud Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 367.55 million compared to CNY 527.96 million a year ago. Revenue was CNY 367.55 million compared to CNY 527.96 million a year ago.

Net loss was CNY 94.72 million compared to CNY 141.4 million a year ago. Basic loss per share from continuing operations was CNY 0.21 compared to CNY 0.33 a year ago. Diluted loss per share from continuing operations was CNY 0.21 compared to CNY 0.33 a year ago.