Ucloud Technology Co.,Ltd. Posted 95.8 Million Yuan Net Loss in First Quarter of 2023

Ucloud Technology Co.,Ltd. (优刻得科技股份有限公司) (688158.SH) reported a net loss of 95.8 million yuan in the first quarter of 2023, narrowing 33.9% year-on-year.

Meanwhile, the company posted 367.6 million yuan in revenue, down 30.4% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 26.5%.