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Aurora Mobile Limited Announces Second Quarter 2019 Unaudited Financial Results

SHENZHEN, China, August 16, 2019 (GLOBE NEWSWIRE) – Aurora Mobile Limited ("Aurora Mobile" or "Company") (NASDAQ: JG), a leading Chinese cellular providers developer, as we speak announced unaudited. second quarter monetary results ended June 30, 2019. Second quarter 2019 monetary highlights

  • Revenue was RMB 291.2 million ($ 42.four million), up 76% year-on-year.
  • revenue was RM2144.9 million ($ 31.3 million), a rise of 82% year-on-year
  • . Gross profit was RMB 76.3 million ($ 11.1 million), up 62% year-on-year [19659004] Complete working bills have been RMB 95.2 million ($ 13.9 million), up 39% year-on-year.
  • The web loss was RMB 14.2 million ($ 2.1 million) in comparison with the web lack of RMB11.eight. million in the identical interval last yr
  • Adjusted internet revenue (non-GAAP) was RUB 1.6 million ($ 0.2 million) compared to adjusted internet loss of RUB 17.1 million for the same period final yr
  • Adjusted EBITDA (non-GAAP) ) was $ 12.5 million ($ 1.eight million) in comparison with a adverse $ 11.1 million for a similar period final yr

Second quarter 2019 operational highlights

  • cellular purposes utilizing at the very least one enterprise developer providers or cumulative software installs, rose to about 1,289,00zero as of June 30, 2019, from about 887,000 as of June 30, 2018
  • . Month-to-month lively unique cellular units increased to $ 1.13 billion in June 2019,972 million in June 2018
  • Cumulative SDK installs elevated to $ 26.6 billion on June 30, 2019, to $ 14.9 billion on June 30, 2018
  • rose to 2,211 from 1,602 within the second quarter of 2018

Mr. Aurora Mobile Chairman and CEO Weidong Luo feedback: “I’m pleased to announce that we have now reached an essential milestone as we recorded our first quarter results based mostly on each adjusted EBITDA and adjusted internet revenue. This demonstrates each the scalability of our business mannequin and continuous progress in implementing our strategy. Yesterday, we also announced a new partnership with Tencent Cloud to construct an open and numerous cellular developer ecosystem. The partnership offers cellular developer communities with accounts that seamlessly hyperlink to one another's techniques, an enhanced consumer experience, and more shared developer service products. "

" The number of mobile applications using our services increased in the second quarter of 2019. From 887,000 in the corresponding period last year to about 1,165,000 by March 31, 2019 and 1,289,000 as of June 30, 2019. We continue to see new applications using our developer service SDK, and approximately 41,000 new applications are registered monthly during the quarter. Launched late last year, our new product, JVerification, has gained wider acceptance in the developer community as we added more than 70 paying customers this quarter. "

" Higher Paying Customers and Average Cost Per Payments A customer of all business lines helped to generate 26% sequential and 76% quarterly revenue growth. "

. Aurora Mobile CEO Fei Chen added: "Our developer services continued to perform well, with sales growing 39% year-over-year to FIM 20.2 million, mainly due to an increase in paying customers, which increased by 1,488."

“ In Info Solutions, our focused advertising income elevated 84% year-on-year to RMB 241.8 million. Progress continues to be supported by a rise in each the variety of clients and the typical spend per payer. The number of targeted advertising clients grew by about 21% and ARPU by 52%, which showed continued acceptance of our providers out there as clients outsource an growing proportion of their advertising finances to us. Internet gross sales of other vertical knowledge solutions grew 55% year-on-year to FIM 29.2 million, primarily as a result of progress in market info and product strains for financial danger administration. "

Mr. Shan-Nen Bong, CFO, Aurora Mobile, added: “Our robust income progress coupled with rising operational leverage as we proceed to scale our enterprise, helped us to show to profitability with adjusted EBITDA and adjusted quarterly internet revenue. We keep a healthy working capital degree of RM5666 million as of June 30, 2019 and consider that we’re properly positioned to drive additional progress. “

Second Quarter 2019 Financial Results
Income was RMB 291.2 million (US $ 42.4 million), up 76% year-over-year, mainly resulting from a 38% year-over-year improve in buyer base from 1,602 in the quarter to 2,211 within the second quarter of 2018. 2019, and a rise in average spend per customer of 28% within the second quarter of 2018 to RMB103,100 RMB131,700 within the second quarter of 2019.

The cost of revenue was RMB 214.9 million ($ 31.three million). , a rise of 82% from the second quarter of 2018 to 118.8 million RMB118 million. The increase was mainly because of a rise in media stock costs of RMB 94.4 million and RMB 1.5 million in cloud costs. [19659002] Gross revenue was RMB 76.three million ($ 11.1 million), up 62% from RMB 47.zero million within the second quarter of 2018, primarily because of vital quarterly income progress.

Complete bills have been RMB 95.2 million (US $ 13.9 million), up 39% from RMB 68.7 million in the same quarter. Last yr.

  • Research and improvement costs have been RMB 46.three million ($ 6.eight million), up 47% from RMB 31.6 million within the corresponding quarter final yr, primarily because of employees improve of RM 5.three million. costs, an increase in server depreciation of RMB three.4 million and a rise of RMB 2.1 million in bandwidth costs.
  • Sales and advertising expenses have been RMB 30.6 million ($ four.5 million), a rise of 41% compared to RMB 21.6 million. million in the identical quarter final yr, mainly on account of a rise of RMB 2.5 million in personnel costs, RMB 2.7 million in advertising expenses and RMB 1.1 million in rental and office bills.
  • Common and administrative expenses have been $ 18.three million. RMB ($ 2.7 million), up 19% in comparison with $ 15.four million in the identical quarter last yr, mainly because of greater personnel costs of RMB 1.7 million and an increase of RMB 1.7 million in professional fees.
  • Working loss was RM118.9 million ($ 2.eight million), in contrast with internet losses of RM14.2 million ($ 2.1 million), compared to RM11.eight million within the corresponding quarter of the earlier yr.

    Adjusted internet revenue (non-GAAP) was RMB 1.6 million ($ 0.2 million), compared to RMB 17.1 million adjusted for a similar period last yr.

    Adjusted EBITDA (Non-GAAP) was RMB 12.5 million ($ 1.8 million). ) in comparison with a unfavorable RMB 11.1 million for a similar period last yr. As of June 30, 2019, the corporate had RMB 381.4 million (USD 55.6) in money and cash equivalents, restricted money and short-term investments. million) as compared to RMB576,7 million as of December 31, 2018.

    Enterprise Outlook
    In the course of the third quarter of 2019, the corporate ex estimates complete income between FIM 2,500 million and FIM 2,500 million, representing approximately 50% to 55%: n progress in comparison with the previous yr.

    The above outlook is predicated on current market circumstances and reflects the company's present and preliminary market estimates and working circumstances and buyer demand, all of that are subject to vary.

    Update on Acquisition of Shares
    As of June 30, 2019, the Company had bought a total of 797,711 ADS, of which 490,917 ADS or roughly $ 3.5 million. , was repurchased in the second quarter of 2019 for a mean of $ 7.13.

    Convention Name
    The company will host a conference name on Friday, August 16, 2019 at 7:00 a.m. Japanese Time (7). : 00 pm Hong Kong similar day).

    The small print for choosing a reside conference name are as follows:

    International: +65 6713-5090
    United States: +1 845-675-0437
    Hong Kong: + 852 3018-6771
    China: 400-620-8038
    Entry Code: 7596257

    Make a Name Out there After the Finish of the Convention Name at 9pm Japanese Time, August 23, 2019.

    Ringtone for repetition are as follows:

    Worldwide: +61 2 8199 0299 ​​
    USA. Toll Free: 1-855-452-5696
    Entry Code: 7596257

    The reside and archived webcast of the conference name is accessible in the Investor Relations section of the Aurora Mobile web site at . http://ir.jiguang.cn/.Q19659002]Use of Non-GAAP Financial Measures
    In assessing its enterprise, an enterprise considers and uses two non-GAAP measures, Adjusted Internet Loss and Adjusted EBITDA, as a further measure of its efficiency to evaluate. The presentation of those non-GAAP monetary measures isn’t meant to be separate or to switch monetary info ready and introduced in accordance with US GAAP. The Company defines the adjusted internet loss as internet loss with out share-based compensation and truthful value change of derivatives. The Company measures adjusted EBITDA internet of interest bills, depreciation of tangible and intangible belongings, amortization of intangible belongings, revenue tax expense, share-based compensation and modifications within the truthful value of derivatives.

    The company believes that adjusted internet loss and adjusted EBITDA will help determine underlying business developments which may otherwise be distorted by the impression of sure bills they embrace on working losses and internet losses.

    The corporate believes that adjusted internet losses and adjusted EBITDA provide advantages. info on performance, improves general understanding of its previous efficiency and prospects, and offers larger visibility into key metrics utilized by management in making financial and operational selections.

    Non-GAAP monetary transactions aren’t outlined in US GAAP and aren’t introduced in accordance with US GAAP. Non-GAAP monetary measures have limitations as analytical tools. One of many key limitations of using adjusted internet losses and adjusted EBITDA is that they do not mirror all revenue and expense gadgets that affect the company's operations. In addition, non-GAAP monetary measures might differ from non-GAAP info used by other corporations, together with peer-to-peer corporations, and should subsequently be of limited comparability.

    The Company compensates for these limitations by adjusting non-GAAP monetary measures. to the closest US GAAP efficiency measurement, all of which ought to be taken under consideration when evaluating an organization's efficiency. The corporate encourages you to assessment the monetary info in its entirety quite than relying on a single financial measure.

    Non-GAAP reconciliations to probably the most comparable US GAAP are included at the finish of this bulletin. 19659002] Protected Harbor Statement
    This statement incorporates forward-looking statements. These statements are made beneath the protected harbor provisions of the US Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be identified by terminology comparable to "will", "expect", "anticipate", "future". "Intends", "Plans", "Believes", "Reviews", "Confident" and comparable statements. For example, Enterprise Outlook, quotes from administration on this Communication, and Aurora Mobile's strategic and operational plans embrace forward-looking statements. Aurora Mobile may make written or oral forward-looking statements in its periodic studies to the US Securities and Trade Fee, the Annual Report back to shareholders, press releases and other written materials, and the oral statements of its officers, administrators, or staff. to 3rd parties. Statements that are not historic details, including, however not limited to, statements about Aurora Mobile's beliefs and expectations are forward-looking statements. Ahead-looking statements involve inherent dangers and uncertainties. Numerous elements might cause variations in precise results to include materially forward-looking statements, including, but not restricted to, the next: Aurora Mobile methods; Aurora Mobile's future business performance, financial position and outcomes of operations; Aurora Mobile's capability to attract and retain clients; potential to effectively develop and market info options and access present developer providers markets; potential to take care of or improve your brand; competition with current or future rivals; capability to proceed to entry cellular info in the future; legal guidelines and laws relating to privacy and knowledge protection; basic economic and enterprise circumstances globally and in China, and assumptions underlying or associated to any of the foregoing. Extra information about these and different dangers is included within the firm's filing with the Securities and Change Fee. All info contained in this press release and its attachments is as of the date of this press launch and Aurora Mobile is underneath no obligation to update such info except as required by applicable regulation.

    About Aurora Mobile Limited
    Founded in 2011, Aurora Mobile is a number one provider of cellular developer providers in China and a pioneer in cellular developer providers resembling push notification, immediate messaging, analytics, sharing and brief messaging (SMS). Aurora Mobile has collected knowledge from approximately 1.29 million cellular purposes that have leveraged the corporate's developer providers and almost 26.6 billion installs of the corporate's Software Improvement Packages (SDKs), which have an lively personalised gadget base of almost 1.13 billion month-to-month as of June 2019. Aurora Mobile with in depth attain and insights, the company has expanded its providing to include giant knowledge solutions, together with targeted advertising, financial danger management, market intelligence and location-based intelligence. By leveraging artificial intelligence and machine studying, Aurora Mobile aims to enhance the productivity of companies and society by harnessing the facility of massive knowledge on cellular units to realize helpful insights and knowledge.
    More info at http: // ir.jiguang.cn/σγ19659002]For media and media inquiries:

    Aurora Mobile Limited
    ir@jiguang.cn

    Christensen
    in China
    Lord. Christian Arnell
    Telephone: + 86-10-5900-1548
    E-mail: carnell@christensenir.com

    United States
    Ms. Linda Bergkamp
    Telephone: + 1-480-614-3004
    E-mail: lbergkamp@ChristensenIR.com

    Footnote:
    This publish incorporates translations RMB quantities to US dollars at sure rates are offered solely for the good thing about the reader. Until in any other case said, all translations from RMB to US dollars are made on the fee of RMB 6.8650 – US $ 1.00, the change price set in the Central Bank of the Central Financial institution's H10 Statistical Bulletin, June 28, 2019.

    AURORA MOBILE LIMITED

    UNAUDITED INTERIM CONSOLIDATED INCOME STATEMENTS

    (quantities in hundreds of Renminbi (“RMB”) and US Dollars (“US USD”))

    Three months ended six months ended . June
    2018 31. March
    2019 30. June
    2019 30. June
    2018 30. June
    2019 . ] RMB RMB RMB US $ [19659079] RMB RMB US $ Income 165125 230519 291225 42422 291517 [19659121] 521,744 76,001 value of revenue [118] 19659151] (167232 ) (214910 ) (31305 ) [1965952] 19659093] (209,904 ) (382 142 ) (55,665 ) Gross profit . 47023 63, 287 76315 11117 ] 81613 [19659152] 139 602 20,336 operating bills [196597591] ] ] [19659076] research and improvement (31,611 ) [19659075] (42 658 ) . (46349 ) (6752 ) (56024 ) ) [19659076] (12,965 ) gross sales and advertising (21,629 ) (27,013 ) ]. (30550 ) (4450 ) (39060 ) ] (57,563 ) (eight 385 ) basic and administrative (15 433 ) ]. 19659152] (24491 ) (18298 ) (2665 ) (29020 [19659076]) (42,789 ) (6,233 ) Complete working expenses [19659093] . ) (94162 ) (9 5197 ) (13867 ) (124104 ) (189359 ) (27,583 ) kills features (21,650 ) (30.85)) (18882 ) [19659564] (2750 ) (42491 ) [19659151] (49 757 ) ] (7,247 ) Trade Price (Loss) / Profit, Internet 424] (43 ) ] 39 6 [19659162] (995 ) [19659121] (four ) (1 ) [19659149] Interest revenue 80 2 zero86 1485 . 19659162] 216 139 3571 520 ] (1901 ) (2622 ) (2733 ) [19659076] (19659121) 398 ) (1961 ) (5355 ) (780 ) different income 1,919 6,726 5,313 19659162] 774 [19659162] 2,zero37 12,zero39 1,754 worth modifications [1965901] [196591576]. 9294 985 584 85 [19659151] 9,294 1,569 229 earlier than taxes ] (11834 [19659075]) (23743 ) (14194 ) (2067 [19659076]) ] (33977 ) (37937 ) (5525 ) Revenue Tax (Expense) / benefit [19659152] – – –
  • – [19659151] 5 – – internet losses ) (23743 ) ] (14194 ) (2067 ) [19659162] (33,972 ) ( 37,937 ) (5,525 ]

    ]

    UNAUDITED INTERIM CONSOLIDATED INCOME STATEMENTS (Continued) [Rs(“US$”exceptforthenumberofsharesandtheinformationpershare)

    [19659617] Three months ended [19659080] Six months ended 30. June
    2018 31. March
    2019 June 30,
    2019 30. June
    2018 30. June
    2019 RMB RMB [19659109] RMB US $ 19659460] RMB RMB US $ [19659654] Internet loss attributable to shareholders of Aurora Mobile Limited (11,834 ) ) (14,194] [1965912]] (2067 ) (33972 ) (37937 ) [19659123] (5,525 ) Addition of a conditionally redeemable convertible share (10,279 ) to 19659093] – . (21 156 ) – ] – [19659075] internet losses (22113 ) (23743 ) (14194 ) (2067 ) ] (55128 ) (37937 ) (5525 ) [19659149] Internet loss per share for Class A and Class B widespread stock: [19659076] ] widespread stock – primary and diluted (zero.52 )] [19659075] – – – (1.29 ) [19659076] – – Class A Widespread Stock keet – primary and diluted – [19659076] (zero.31 ) (zero.19 ) (zero.03 ) – [19659076] (zero.50 ) (zero.07 ) Class B widespread stock – Primary and Diluted to [19659076] (0.31 ) [19659076] (zero.19 ) (0.03 ) – [19659121] (0.50 ) (0.07 ) Shares used to calculate loss per share: ] [19659076] 19659121] widespread stock – primary and diluted 42 666 670 [196591275] ] ] – 42666670 – to class A Com multiple shares – primary and diluted to 59 503 621 ] 59,273,921 [1969902] 19659076] – 19,359,907] 59,388,137 . and diluted to 17,00zero 189 17,00zero 189 [1965909] ] ] – 17,00zero 189 17,000 189 [265] [265] ] 19659076] [19659162] ] overseas foreign money conversion corrections . ) (8128 ) (8134 ) (1185 ) [19659076] (5,684 ) (16,262 ) (2,369 ) other comprehensive losses , internet of taxes (2,059 ) (eight,128 ) (8,134 ) (1185 ) [19659121] (5684 ) (16262 ) (2369 ) complete injury (13 893 ) ) [19659151] (31871 ) (22328 ) (3252 ) [19659093] (39656 [19659076]) (54.199 ) (7.894 ) complete injury as a result of u from Aurora Mobile Limited (1969162) . 13893 ) (31871 ) (22328 ) (3252 ) (39 656 ) (54,199 ) (7 894 ) [1965961373] AURORA MOB. ] AUDITOIMETTOMAISEN LÄHETTÄVÄN KONSOLIDOIDEN TASEEN

    (määrät tuhansina Renminbiä ("RMB") ja Yhdysvaltain dollareina ("US $"))

    alkaen 31. joulukuuta , 2018     June 30, 2019  [1 9659082]  RMB     RMB     US$   ASSETS                       Present belongings:                       Cash and cash equivalents   576,562       281,328       40,980   Restricted cash   115       115       17   By-product belongings   —       1,100       160  [19659480]Brief-term funding   —    [1 9659076]  100,000       14,567   Accounts receivable   141,911       225,205       32,805   Prepayments and different present belongings   80,578       111,246       16,205   Amounts due from associated events   four,564       19,569       2,851   Complete present belongings   803,730       738,563       107,585   Non-current belongings:            [19659075]          Different non-c urrent belongings   14,237       2,712       394   Lengthy-term investments   79,696       104,038       15,155   Property and gear, internet   92,874       107,589       15,672   Intangible belongings, internet   1,531       eight,851       1,289   Complete non-current belongings   188,338       223,190       32,510   Complete belongings   992,068[19659075]      961,753    [19659709]  140,095   LIABILITIES AND SHAREHOLDERS’ DEFICIT                       Present liabilities:                       Accounts payable   18,811       26,221       3,820   Deferred revenue and buyer deposits   59,483       75,327       10,973   Accrued liabilities and different current liabilities   76,666       69,070      [19659482]10,zero61   Quantities as a consequence of related parties  [19659152]eight,864       2,148       313   Complete current liabilities   163,824       172,766       25,167   Non-current liabilities:                       Other non-current liabilities   140       140       20   Deferred income   10,265       10,696       1,558   Convertible notes   216,179       221,555[19659075]      32,273   Complete non -current liabilities   226,584       232,391       33,851   Complete liabilities   390,408       405,157       59,018  

    AURORA MOBILE LIMITED

    UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET (continued)

    (Amounts in hundreds of Renminbi (“RMB”) and US dollars (“US$”), apart from number of shares and per share knowledge)

        As of  
        December 31, 2018     June 30, 2019  
        RMB     RMB     US$  
    Shareholders’ (deficit) fairness  [19659295]             [19659121]       
    Widespread shares     48       48       7  
    Treasury shares     (3,165 )     (29,442 )     (four,289 )
    Further paid-in capital     944,500       963,914       140,410  
    Collected deficit     (348,123 )     (386,058 )     (56,236 )
    Collected other comprehensive loss     eight,400       eight,134       1,185  
    Complete shareholder s’ (deficit) equity     601,660       556,596       81,077  
    Complete liabilities, mezzanine equity and shareholders’ deficit     992,zero68       961,753       140,095  

    AURORA MOBILE LIMITED

    RECONCILIATION OF GAAP AND NON-GAAP RESULTS

    (Amounts in hundreds of Renminbi (“RMB”) and US dollars (“US$”))

        Three months ended     Six months ended  
        June 30,
    2018
        March 31,
    2019
        June 30,
    2019
        June 30,
    2018[1 9659075] 
      June 30,
    2019
     
     [19659076]  RMB     RMB     RMB     US$     RMB     RMB     US$  
    Reconciliation of Internet Loss to Adjusted Internet Loss:                                                        
    Internet loss     (11,834 )     (23,743 )     (14,194 )     (2,067 )     (33,972[19659075])     (37,937 )  [19659076]  (5,525 )
    Add:                                                        
    Share-based compensation     four,057       10,036       15,749       2,294       6,894       25,785       three,756  
    Change in truthful worth of by-product legal responsibility /asset     (9,294 )    [19659482]—          [19659076]        (9,294 )            
    Truthful value loss/(achieve) of long-term investment           (2,976 )                       (2,976 )     (434 )
    Adjusted internet (loss)/revenue     (17,071 )     (16,683 )     1,555       227       (36,372 )     (15,128[19659075])     (2,203 )
    Reconcilia tion of Internet Loss to Adjusted EBITDA:                                                        
    Internet loss     (11,834 )     (23,743 )     (14,194 )     (2,067 )     (33,972 )     (37,937 )     (5,525 )
    Add:                        [19659075]             [19659076]                 
    Curiosity expense     1,901       2,622       2,733       398       1,961       5,355       780  
    Depreciation of property and gear     4,zero15       6,296       7,611       1,109       7,325       13,907       2,zero26  
    Amortization of intan gible belongings     27       352       638       93       54       990       144  
    Revenue tax benefit                             (5 )            
    EBITDA     (5,891 )     (14,473 )     (three,212 )     (467 )     (24,637 )[19659075]    (17,685 )     (2,5 75 )
    Add:                                                        
    Share-based compensation     four,057       10,036       15,749       2,294       6,894       25,785       three,756  
    Change in truthful worth of by-product legal responsibility /asset     (9,294 )              [19659162]—       (9,294 )            
    Truthful worth loss/(achieve) of long-term funding           (2,976 )                       (2,976 )     (434 )
    Adjusted EBITDA     (11,128 )     (7,413 )     12,537       1,827       (27,zero37 )     5,124    [19659660]  747  

     

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