Aurora Mobile Limited Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results

Core Viewpoint - Aurora Mobile Limited reported strong financial results for Q4 and fiscal year 2024, highlighting significant revenue growth and a commitment to an "AI First" strategy as a key business driver for the future [2][3]. Financial Performance - Q4 2024 revenue reached RMB 93.2 million (US $12.8 million), a 20% increase from RMB 77.4 million in Q4 2023, driven by a 28% rise in Developer Services revenue and a 1% increase in Vertical Applications revenue [6][13]. - For the full fiscal year 2024, total revenue was RMB 316.2 million (US$ 43.3 million), marking a 9% increase from RMB 290.2 million in 2023 [13][17]. - The company achieved a gross profit of RMB 209.0 million (US $28.6 million) for the fiscal year, a 5% increase year-over-year [14][17]. Cost and Profitability - Cost of revenues for Q4 2024 was RMB 36.5 million (US$ 5.0 million), up 51% from RMB 24.1 million in the same quarter last year, primarily due to increased media and technical service costs [7][8]. - Adjusted EBITDA for Q4 2024 was positive at RMB 1.3 million (US$ 0.2 million), compared to a positive RMB 0.1 million in the same quarter last year [10][11]. Cash Flow and Retention - The company reported a net operating cash inflow of RMB 19.5 million in Q4 2024 [4]. - The Net Dollar Retention Rate for the core Developer Subscription business was 95% for the trailing 12 months ending December 31, 2024 [5][29]. Business Outlook - For Q1 2025, Aurora Mobile expects total revenue to be between RMB 74.0 million and RMB 77.5 million, indicating a year-over-year growth of approximately 15% to 20% [21]. Share Repurchase Update - As of December 31, 2024, the company had repurchased a total of 278,857 ADS, with 33,219 ADSs repurchased during Q4 2024 [22].