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The Asset ObserverThe Asset Observer
Home»Business
Business

uCloudlink Group misses top-line and bottom-line estimates; initiates Q1 and FY24 outlook

News RoomBy News RoomMarch 14, 2024
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Business Outlook

For the first quarter of 2024, UCLOUDLINK expects total revenues to be between $17.5 million and $18.5 million vs. consensus of $22 million, representing a decrease of 2.8% to an increase of 2.8% compared to the same period of 2023.

For 2024, UCLOUDLINK expects total revenues to be between $95.0 million and $112.0 million vs. consensus of $106.45 million, representing an increase of 11.0% to 30.8% from that of 2023.

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