Aurora Mobile Ltd. · NASDAQ:JG
Aurora Mobile — Q1 2024 Earnings Presentation
20 slides from Aurora Mobile's earnings presentation, Jun 6, 2024
Slide 1: 2024 Q1 Earnings Presentation
2024 Q1 EARNINGS PRESENTATION June 6, 2024
Slide 2: 2024 Q1 Business Highlights
Part 1 2024 Q1 Business Highlights
Slide 3: EngageLab – A Truly Global Product for the World!
EngageLab – A Truly Global Product for the World ! • Our EngageLab products are sold to customers originating from more than 22 countries globally • We continue to strive for EngageLab service excellence, stability and delivery through more than 10 data centers globally including in cities such as F
Slide 4: EngageLab – "Growth" is The Name of The Game!
EngageLab – “Growth” is The Name of The Game ! Customer Numbers • The global customer numbers of EngagaLab were on great great momentum and grew by more than 30% QoQ Contract Value (Cumulative) • The growth trend continues! • Total cumulative EngageLab signed contract value has exceeded RMB 24 milli
Slide 5: JPush SDK Fully Compatible with HarmonyOS
JPush SDK Fully Compatible with HarmonyOS • We launched JPush HarmonyOS SDK ! • This JPush HarmonyOS SDK will provide developers with a more convenient and efficient message push solution to help them succeed in the ever-changing mobile application ecosystem • It provides easy integration, flexible
Slide 6: 2024 Q1 Financial Highlights
2024 Q1 Financial Highlights
Slide 7: Group Revenues - Defined
Group Revenues - Defined Developer Services Vertical Applications • Subscription • Market Intelligence • Value-Added Services • Financial Risk Management 7
Slide 8: Highlights for Aurora Mobile Core Business and Revenues with Growth
Highlights for Aurora Mobile Core Business and Revenues Great Financial Results with Growth • Driven by excellent growth from our • Gross Margins improved year-over-year EngageLab business and quarter-over-quarter! • Customer number grew 30%++ • Contract value grew 60%++ • OPEX at historic low since
Slide 9: Total Revenue Recorded Stable YoY Numbers
Total Revenue Recorded Stable YoY Numbers RMB (‘Million) 77.4 73.3 74.1 65.5 23.7 22.5 21.8 64.5 • Total revenue at RMB 64.5M, a slight 21.3 23.4 decrease by a 1% YoY 20.9 20.0 19.8 21.3 20.0 • In Q1’24, total revenue decreased 17% QoQ mainly due to: 57.0 52.0 63.2 55.6 51.6 55.2 45.5 52.0 44.7 • De
Slide 10: Developer Service Subscription Revenue Increased 13% YoY
Developer Service Subscription Revenue Increased 13% YoY • Subscription revenue: - increased 13% YoY mainly driven by 55.6 improvement in ARPU due to 52.0 51.6 6.8 contributions from our EngageLab 4.9 45.5 11.5 44.7 business which recorded significant 16.9 11.5 2.4 8.0 growth every quarter 8.0 • Val
Slide 11: Vertical Application Revenue
Vertical Application Revenue • Include revenues from: a) Market Intelligence 22.5 b) Financial Risk Management 21.3 21.8 20.0 19.8 • Vertical Application Revenue remained relatively stable YoY • We saw good growth from Financial Risk Management business where it recorded 14% YoY and 2% QoQ revenue g
Slide 12: POSITIVE Adjusted EBITDA for 3 Consecutive Quarters!!
POSITIVE Adjusted EBITDA for 3 Consecutive Quarters!! Adjusted EBITDA • We have another quarter of POSITIVE POSITIVE Adjusted EBITDA in Q1’24 ! + + + Q2’23 • This is the 3rd consecutive quarters Q3’23 Q4’23 Q1’24 with POSITIVE Adjusted EBITDA NEGATIVE - • This is a great achievement and driven by ma
Slide 13: Gross Margins Recorded Positive Growth YoY and QoQ
Gross Margins Recorded Positive Growth YoY and QoQ 120.00% • Quarterly gross margin has reached the highest level since 52.3 53.3 100.00% Q4 2021, increased 4% QoQ and 47.7 2% YoY 46.0 46.4 71.9% 80.00% • This is driven by the growth of 70.3% 70.6% 65.1% 68.8% high-margins SAAS revenue every quarter
Slide 14: Operating Expenses At Historic Low Level
Operating Expenses At Historic Low Level • For the tenth consecutive quarters, our OPEX are well below the RMB100M mark • OPEX reached its lowest quarterly 64.9 64.1 60.0 61.3 level since IPO 53.0 31.7 30.2 27.1 32.8 22.7 • Operating expenses decreased by 18.9 20.0 18% YoY and 13% QoQ 22.1 17.4 21.8
Slide 15: Adjusted Operating Expense at Low Level
Adjusted Operating Expense at Low Level • Q1’24 adjusted operating expense (which represents the cash component 77.8 of operating expense ) at RMB49.1M 77.8 72.5 which was a historic low since our 66.9 62.8 IPO 57.4 54.6 53.7 54.7 49.1 • Adjusted operating expenses decreased by 15%YoY as the Group c
Slide 16: Deferred Revenue Over RMB100M for 16th Consecutive Quarters
Deferred Revenue Over RMB100M for 16th Consecutive Quarters • Deferred Revenue balance continued to increase and achieved 16th consecutive quarter of 142.4 139.1 137.3 141.5 balance greater than RMB100M 133.8 135.2 130.6 • The excellent trend of deferred revenue balance represents： - Sustainable inc
Slide 17: Balance Sheet at Healthy Level as of 3/31/2024
Balance Sheet at Healthy Level as of 3/31/2024 Cash and cash equivalents, restricted cash and 1 short-term investments of: • Healthy level of cash and liquidity to support business growth RMB 99M as of 3/31/2024 Deferred Revenue balance at high level: 2 • 16th consecutive quarter of > RMB100M • Stro
Slide 18: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures I n e v a l u a t i n g t h e b u s i n e s s , Aurora Mobile Limited, The Company believes that adjusted net loss and adjusted (“Aurora”, ”The Company”) considers and uses two non-GAAP EBITDA provide useful information about its operating results, measures, adjust
Slide 19: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying oral presentation employees to third parties. Statements that are not historical have been prepared by Aurora Mobile Limited, (“Aurora”) for facts, including but not limited to statements about Aurora informational purposes only and not fo
Slide 20: Thanks
THANKS