Aurora Mobile Q3 Sales $10.15M Down From $11.31M YoY, Adjusted Net Income of $0.3M
Portfolio Pulse from Benzinga Newsdesk
Aurora Mobile (NASDAQ:JG) reported a decrease in sales for Q3, with revenues of $10.15M compared to $11.31M in the same period last year. The company also reported an adjusted net income of $0.3M.
November 16, 2023 | 7:33 am
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Aurora Mobile's Q3 sales saw a 10.23% decrease year-over-year, with revenues falling to $10.15M from $11.31M, although it achieved an adjusted net income of $0.3M.
The reported decrease in sales is typically a negative indicator for investors and can lead to bearish sentiment in the short term. However, the presence of an adjusted net income suggests some level of financial control, which may mitigate the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100