UPDATE: Aurora Mobile Q1 Adj. EPADS $(0.01) Up From $(0.03) YoY, Sales $9.53M Down From $13.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Aurora Mobile (NASDAQ:JG) reported Q1 adjusted losses of $(0.01) per ADS, a 66.67% improvement from $(0.03) YoY. However, sales decreased by 29.21% to $9.53 million from $13.46 million YoY.
June 15, 2023 | 8:51 am
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NEUTRAL IMPACT
Aurora Mobile's Q1 adjusted losses improved by 66.67% YoY, but sales declined by 29.21%.
Aurora Mobile's Q1 results show a significant improvement in adjusted losses, which is a positive sign for the company. However, the decline in sales is a concern for investors. The mixed results make it difficult to predict the short-term price direction, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100