Ucloud Technology Co.,Ltd. Posted 144.8 Million Yuan Net Loss in First Quarter of 2022

Ucloud Technology Co.,Ltd. (优刻得科技股份有限公司) (688158.SH) reported a net loss of 144.8 million yuan in the first quarter of 2022, widening 9.8% year-on-year.

Meanwhile, the company posted 528 million yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35.1%.